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ArawakX suspension extended to Monday

The Bahamas’ first-ever crowd funding platform yesterday saw its registration suspension extended until September 18 as it pleaded for more time to address Securities Commission concerns over its solvency.

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‘Tremendous pressure’: FNM fears for $131m deficit target

The Opposition yesterday voiced fears that the potential $160m VAT under-shoot in the prior fiscal year puts the Government’s 2023-2024 revenue forecast “at risk” and leaves its $131m deficit target under “tremendous pressure”.

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URCA ‘monitors’ but offers no relief from energy hikes

Regulators yesterday sought to reassure Bahamian households and businesses they are “monitoring” Bahamas Power & Light’s (BPL) sky-high bills but made no mention of any immediate relief from “compound billing’s” impact.

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Bahamas First blames 50% of $4.3m loss on new rules

Bahamas First’s top executive has blamed more than 50 percent of the group’s $4.3m comprehensive loss for the 2023 first half on a major change to insurance industry accounting standards.

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SAILING CHAMPIONS: Paul de Souza and Craig Ferguson II claim first place at 2023 Bahamas ILCA Nationals

Paul de Souza and Craig Ferguson ll emerged as champions at the combined 2023 Bahamas Open International Laser Class Association (ILCA) Nationals this past weekend.

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BGDBA Playoffs: Panthers, Crimestoppers complete sweep to advance

The Ministry of Youth, Sports and Culture (MOYSC) Panthers and the Police Crimestoppers have now advanced to round two of the Bahamas Government Departmental Basketball Association (BGDBA) playoffs. Last night at the AF Adderley Gymnasium, the Panthers, BGDBA defending champions, earned an eight-point win over the Real Deal Rangers.

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Father jailed for gun in sock drawer

A 38-year-old father was sentenced to 20 months in prison yesterday after admitting to having a loaded gun hidden in his sock drawer at his family home earlier this week.

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Tour operators: Rebound dampened by fee hikes

Bahamian tour and excursion operators were yesterday said to be enjoying a post-COVID bounce back with bookings some 15 percent ahead of 2019 levels.

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ArawakX to fight solvency shut down bid ‘all the way’

The Bahamas’ first-ever crowd funding platform last night pledged to “go all the way to the Privy Council” if the Securities Commission moves to shut it down over “solvency” concerns following a key hearing today.

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Cruise departure hike ‘real measure’ of fiscal success

The Ministry of Finance’s top official yesterday asserted that the 2023-2024 fiscal year is “very, very critical” for solidifying market confidence in The Bahamas with the cruise passenger departure tax hikes vital to achieving this.

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Gov’t revenue goal ‘very close’ despite VAT miss

The Government’s top finance official yesterday forecast that it will “come very close” to achieving its total revenue and tax forecasts for the 2022-2023 fiscal year even though VAT could potentially under-shoot by up to $160m.

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Bahamas’ 27% water heat surge ‘devastating’ to coral

The Bahamas’ July water temperature had “a devastating effect” on coral reef ecosystems after being heated to a level 27 percent higher than the monthly average, an international tribunal has been told.

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Country’s first dengue death confirmed to be nine-year-old boy

HEALTH officials confirmed the country’s first dengue fever death since the virus’ re-emergence this year - a nine-year-old boy who died after showing symptoms of the disease.

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Bahamas beaten 3-2 in thriller

THE Bahamas men’s national soccer team put up a gallant fight, but lost 3-2 to Guyana for their second straight loss in the CONCACAF 2023 Nations League.

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BGDBA Playoffs: Cybots advance to next round, Patrollers tie series 1-1

The Bain and Grants Town Cybots booked their tickets to round two of the Bahamas Government Departmental Basketball Association (BGDBA) playoffs on Monday night after sweeping the Police Royals 2-0.

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NFL Flag Bahamas hosts successful coaches and officials clinic

National Football League (NFL) Flag Bahamas hosted a successful officiating and coaching clinic last week Thursday at the Thomas A Robinson Stadium. Participants got the opportunity to learn in-game rules, coaching strategies, and practice plans from the director of officiating at NFL Flag and RCX Sports, Tom LaNeve.

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A celebration of Brazil coming to Mall at Marathon this Saturday

A CELEBRATION of Brazil is to be held at the Mall of Marathon on Saturday.

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Current residents in ‘dire straits’ over BPL outages

Bahamas Power & Light (BPL) yesterday blamed an underwater cable break for leaving residents of Current Island, off North Eleuthera, in “dire straits” due to prolonged power outages that have lasted more than a week.

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Family Island consumers warned over food prices

The Retail Grocers Association’s president yesterday put the Family Islands, in particular, on alert for higher food prices due to the recent increase in fuel and associated shipping costs as a result of higher global oil prices.

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Family Island consumers warned over food prices

The Retail Grocers Association’s president yesterday put the Family Islands, in particular, on alert for higher food prices due to the recent increase in fuel and associated shipping costs as a result of higher global oil prices.