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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.
Tribute to a good mother
My Mother and Father migrated to Canada in 1956, refugees escaping the Soviet’s punishments allotted to those who oppose Soviet tyranny wherever it may be, Russia, Eastern Europe and in their case Hungary.
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.
Inflation to stay ‘high’ as food costs up 11%
The Central Bank yesterday warned Bahamian consumers that inflation will remain “high” in the near-term, and decline more slowly than in other countries, with food and drink prices rising 11 percent over the year to end-June 2023.
Atlantis supervisor of woman on jury duty scolded by Judge
A SUPREME Court judge in the Adrian Gibson corruption trial declined to fine an Atlantis supervisor yesterday, but reprimanded her for allegedly telling a juror to take vacation leave while on jury duty.
EDITORIAL: Evidence there to check the facts
EVIDENCE is a powerful thing.
Large quantity of marijuana seized in waters near Exuma
A JOINT operation between police and US Customs and Border Protection led to the seizure of a large quantity of marijuana in waters near Exuma on Friday.
Sebas in ‘tax-free zip code’ Aeropost plan
Island Luck's co-founder yesterday said his Aeropost e-commerce platform will differentiate itself from rivals by adding freight-forwarding capabilities that employ a "tax-free zip code" to offer clients better rates.
Minister: National stadium ‘repairs are going quite well’
CONCERNS have mounted as repairs continue at the Thomas A Robinson National Stadium and Betty Kelly- Kenning Aquatic Centre about whether the renovations of both venues will be completed in time for the 2024 CARIFTA Aquatics Championships and World Athletics Relays in March and May respectively.
WSC manager claims she was asked, ‘What ways can we find to increase costing?’
A SENIOR manager at the Water and Sewerage Corporation (WSC) claimed in court yesterday that Adrian Gibson asked her how the corporation could increase the cost of maintenance contracts awarded to companies he allegedly ordered to be contracted.
Minister Bowleg: ‘There were tears of joy to see this come to a reality’
MINISTER of Youth, Sports and Culture Mario Bowleg said he was pleased with what he saw from the men’s national basketball team in La Banda, Argentina.
Gov’t wage bill’s $68m jump ‘not annual norm’
The Ministry of Finance's top official last night said the $68m year-over-year increase in compensation for government employees during the 2022-2023 fiscal year is "not an annual norm".
$500m cruise port’s ‘strict preference’ for Bahamians
The US contractor managing landside construction for Carnival’s $500m Grand Bahama cruise port has pledged to give “strict preference” to Bahamians on all work that is put out to bid.
Jonquel Jones re-signs with New York Liberty
JONQUEL “JJ” Jones, former Women’s National Basketball Association (WNBA) MVP, has decided to run it back with the New York Liberty for the upcoming season
Expensive superstars
ActivTrades
Ticket business for the superstars in the entertainment industry is shared by a few providers worldwide. While the Live Nation group (LYV.US) with its subsidiary Ticketmaster dominates the business in the US, the German Eventim (EVD) is one of the leading international ticketing and live entertainment providers in Europe.
MITCHELL: CHAIRMAN NEEDS PM’S SUPPORT – Fox Hill MP asks ‘why switch’ as he prepares ‘penultimate campaign’
FRED Mitchell suggested that if Prime Minister Philip “Brave” Davis does not support the victor of the Progressive Liberal Party’s upcoming chairmanship race, that person would struggle to function and carry out their duties as a vital party agent.
Food prices to ‘never return to pre-COVID’
The Retail Grocers Association’s president yesterday warned Bahamians that food prices will not return to pre-COVID levels and said: “The cost of operations is increasing all over the world.”
