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ArawakX directors stay in control of BOB battle
The Chief Justice has allowed ArawakX’s principals “to maintain conduct and control” of the legal battle with Bank of The Bahamas over the latter’s six-month freezing of all their accounts.
$100m Goodman’s Bay penthouse ‘compelling’ amid pneumonia claim
The developer behind the $100m, 14-storey Goodman’s Bay penthouse project last night acknowledged their neighbour’s “passion” and “attachment” but pointed to the 300 construction jobs it will create.
Liquidators ‘blocked as ArawakX set up similar operation in US’
ArawakX’s provisional liquidators have accused the crowd-funder’s principals and owner of its website of colluding to deny them control of the platform while setting up a similar US-domiciled operation.
STATESIDE: A tale of several Trudeaus and one Donald Trump
THIS is a tale of several Trudeaus of different generations and Donald Trump.
DIANE PHILLIPS: When the public speaks up, bad ideas can be grounded
A UNIQUE thing happened this week. Amid the horror played out on TV screens of violence rocking the Middle East with innocent men, women and children being captured and slaughtered, entire cities and villages burned and destroyed, amidst the burial of a revered Bahamian Cabinet minister who suffered an untimely and shocking death and amidst the tearful memorial for the head boy at QC who died before he had a chance to live, there was a bright and shining light.
Footcare provider targets new investor capital raise
A BAHAMIAN footcare provider plans to tap its investors for further equity this summer as it pushes forward with further expansion following an initial roll-out that “surpassed expectations”.
‘Buddy’ focused on training camp amid contract talks
INDIANA Pacers shooting guard Chavano “Buddy” Hield is focused on training camp despite ongoing conversations surrounding his contract extension with the team.
Banks see 30% profits increase
Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.
FACE TO FACE – Lakeisha Rolle: Passionate financial literacy educator
SHE was only 15 years old when she blew her parents, teachers, family and friends away by becoming a student at the College of The Bahamas (now University of The Bahamas). Going to college at such an early age turned out to be a blessing for Lakeisha A Rolle, as she discovered her passion and developed a blossoming career in finance.
Parking ‘satisfied’: Wynn penthouse project is go
The Town Planning Committee’s chairman yesterday confirmed it has approved Wynn Group’s 14-storey Goodman’s Bay penthouses after it “satisfied” long-standing parking concerns.
ArawakX ‘good undeniable’ yet KC confident on full winding-up
ArawakX’s president says “nobody can deny the good” it achieved as Securities Commission attorneys hailed the appointment of provisional liquidators as vital to “protecting the capital markets”.
Bahamas broker’s clients: ‘We’ll be left with nothing’
Deloitte & Touche liquidators and their attorneys have been awarded over $1m in costs despite clients of a collapsed Bahamas broker/dealer voicing fears this payment leaves nothing for them to recover.
Rating agencies set ‘true north’ on Bahamas reform
International credit rating agencies have set “almost a true north” for The Bahamas to reach when it comes to key economic and fiscal reforms, a governance reformer argued yesterday.
Supreme Court takes over PharmaChem’s liquidation
The liquidation of PharmaChem Technologies has been placed under the Supreme Court’s supervision due to the company’s massive insolvency, Tribune Business can reveal.
ArawakX full wind-up sealed without a fight
THE Bahamas’ first-ever crowd funding platform’s fate was yesterday sealed without a fight after its former principals effectively consented to its liquidation amid claims of a near-$4m insolvency.
Nassau Gas chief pledges to fully refund all investors
A Bahamian company that raised equity capital through the collapsed ArawakX platform has pledged to return all funds to investors once they are verified, its principal saying: "I want to get out of this mess."
Wynn's 300 building jobs to 'far outweigh' environment impacts
A $100m, 14-storey Goodman's Bay penthouse complex will create 300 construction jobs and generate benefits "that far outweigh" the touted limited environmental impact, it has been pledged.
FRONT PORCH: The power of empathy and service to others
“SERVICE is what prayer looks like when it gets up off its knees and walks around the world.” – Fr Michael Graham, SJ.
Moody’s backs trimmed 3% Bahamas growth projection
Moody’s yesterday backed forecasts of lower 3 percent economic growth for The Bahamas in 2023 as it noted the Government’s multi-billion refinancing plan almost totally depends on loans and guarantees from multilateral lenders.
DPM wants Long Island airport opening this term
The deputy prime minister yesterday said he “fully expects to cut the ribbon” for the opening of Long Island’s new international airport before the Davis administration’s term in office ends in 2026.
