Former FTX Executive Surrenders $5.9M Bahamas Property in Plea Deal

In a significant development within the bankruptcy proceedings involving the defunct exchange FTX and its debtors, Ryan Salame, former co-chief executive of the company, has agreed to forfeit his $5.9 million Bahamas property as part of a plea deal in a criminal case. This decision follows Salame’s guilty plea in September 2023, where he pleaded […]

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Landmark renewable energy project begins operations in The Bahamas

Landmark renewable energy project begins operations in The Bahamas

Fairfield Solar Plant began operations today as one of the two solar plants in Grand Bahama developed by Lucayas Solar Power Ltd. Fairfield is the first solar plant in The Bahamas financed by IDB Invest under a power purchase agreement (PPA) framework and will foster sustainable growth in the country through renewable energy. The project […]

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Letters to the Editor: Exploring constructive ways forward for Grand Bahama

Today, there exists an unprecedented alignment of political, social, and economic need for positive change to unlock Grand Bahama’s potential. Doing so, however, requires a new era of cooperation from all the island’s stakeholders and the current conflict only delays GBI’s desperately needed economic rejuvenation. As one of Freeport’s early entrepreneurs, I understand why the […]

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