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More than 100 investors at risk of losing crowdfund investment

A former Colina Insurance Company chief and at least 115 fellow investors are in peril of losing most, if not all, their combined $2.4m-plus investment in the insolvent ArawakX crowd-funding platform.

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.

Project’s 15,000 acres for sale over ‘failure to pay’ property tax

A major Long Island investment project’s near-15,000 acres has been advertised for sale via auction by the Government authorities to clear an allegedly unpaid real property tax debt.

ArawakX ‘to be reported’ to police amid $4m insolvency

The Bahamas’ first-ever crowd funding platform is suffering from a near-$4m insolvency, its provisional liquidators have asserted, as they prepare to report “multiple criminal infractions” to the police.

Father of six murdered as he drove child to church

A FATHER of six was murdered yesterday morning while taking his 16-year-old daughter to band practice.

‘BANNED’: CINEMA SLAMS FILM RATING – ‘Demonic content’ among reasons for blocking screening

FUSION’S chief legal officer called for the “archaic and outdated” Theatre and Cinemas regulations to be amended after the Film Control Board reportedly restricted the company’s ability to show a movie by giving it a D rating.

Puerto Rico routs Bahamas 86-67

FIBA 2025 AMERICUP QUALIFIER

After winning their opening game by 11 points on Thursday at the Coliseo Roberto Clemente Gymnasium, The Bahamas men’s national basketball team watched helplessly as Puerto Rico came to town and turned the tables with a 19-point rout.

Exuma Sailing Club wins Junior Sailing Overall Title

THE Sir Durward Knowles National Junior Sailing Championships returned for the first time since 2018 over the weekend at Montagu Bay and did not disappoint.

Israel’s war in Gaza ‘not right’

Thank you again for space in your valuable publication.

Clubs & Societies – February 23rd, 2024.

The First Bahamas Branch of Toastmasters Club 1600 hosted its highly anticipated Ladies Night Toastmasters meeting at the Baha Mar Convention Center on Thursday, February 15.

GB Shipyard targets tripling revenue to $250m by 2029

Grand Bahama Shipyard is aiming to more than triple its annual turnover to $250m within five years, its top financial executive asserting yesterday: "This is not wishful thinking."

FOCOL eyes 25% profit surge plus acquisitions

FOCOL Holdings is predicting a profit increase of 25.2 percent over the next three years with proceeds from its newly-launched $25m rights offering set to fund unspecified acquisitions and expansions.

GB airport demolition start 'within 30 days'

The deputy prime minister yesterday pledged demolition work at Grand Bahama International Airport will begin "within the next 30 days" after the Government "executed an agreement" with the UK operator.

Gov't targets $50m yearly via delinquent property tax sales

The Ministry of Finance's top official yesterday disclosed that the Government is aiming to raise between $25m-$50m annually from selling real estate owned by property tax delinquents.

'Phenomenal': Carnival's extra $100m to drive 5.5m GB cruise tourism surge

Carnival's extra $100m investment to double the volume of ships its new port can handle will lead a cruise-driven 5.5m visitor surge to Grand Bahama in 2028, it was revealed yesterday.

Bahamas defeats Puerto Rico 88-77 in FIBA AmeriCup Qualifier

TEAM Bahamas, with its best performances coming off the bench, knocked off Puerto Rico by 11 points last night to win their opening match of the FIBA AmeriCup 2025 Qualifiers.

Equestrian athletes Katerina and Sienna make the most of Grand Caraibe Tour

EQUESTRIAN athletes Katerina Coello and Sienna Tinker made the most of The Bahamas’ first-ever invitation to the Grand Caraibe Equestrian Competition Tour, using the golden opportunity to showcase their talents and the quality of Bahamian equestrian sport.

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