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ArawakX slams ‘ridiculous’ capital market threat claim
The Bahamas’ first-ever crowd funding platform has slammed as “ridiculous” assertions that it poses a threat to capital markets integrity while accusing regulators of portraying it as a “Mom and Pop” operation.
‘WE THOUGHT WE’D DIE ON THE PLANE’: Bahamian tells of seeing missiles at Israel airport
FIRST, the ground shook. Then, air raid sirens roared, and a voice came over the hotel intercom: “Please, everyone evacuate. Come immediately to the staircase. We’re under attack.”
Jones and Liberty lose WNBA Finals opener
Grand Bahama native Jonquel Jones and the New York Liberty were handed a 17-point blowout loss in the Women’s National Basketball Association (WNBA) Finals opener.
Double champions crowned at the BLTA Senior Nationals
THE Bahamas Lawn Tennis Association’s (BLTA) Senior Nationals saw champions crowned after three days of competition ended yesterday.
3Lynx Boyz, Eagles earn championship titles at the BFFL Heroes Tournament
THE Grand Bahama 3Lynx Boyz and Eagles are the 2023 men and women’s champions of the Bahamas Flag Football League (BFFL) Heroes Tournament.
Governance reformers raise anti-corruption Bills ‘concern’
A governance reformer says the omission of anti-corruption legislation from the Speech from the Throne “raises some concerns” about the Government’s upcoming legislative agenda.
Electricity bill doubling ‘holds back everything’
An Abaco poultry farm says high electricity costs are “holding back everything” after its light bill doubled to $14,000 over the summer.
UK trade mission’s $1.3bn deals forecast ‘conservative’
Organisers of the first UK trade mission to The Bahamas in 20 years say the possibility it will yield some $1.3bn worth of business deals is “conservative” given the multiple opportunities that arose.
Scotiabank playing its part in climate change battles
The recent spate of mega storms, hurricanes and other natural disasters in the Caribbean has served as a stark reminder of how our way of life is affecting the climate. It is a wake-up call for us to seriously reconsider our treatment of planet earth.
Is good news really good news?
ActivTrades
Despite the tight monetary policy, the boom in the US job market continues unabated and is once again fuelling concerns about further interest rate hikes among financial markets players. A total of 336,000 new non-farm jobs were added, almost twice as many as many economists had expected. In addition, according to revised government data, there were around 120,000 more jobs in August and July than initially reported.
ABACO BOAT ACCIDENT UPDATE: Search and rescue efforts discontinued, all persons accounted for
MONDAY UPDATE: The search and rescue efforts have been discontinued as all persons have been accounted for. Additionally, the persons who sought medical attention in New Providence were treated and discharged. Passengers on board the vessel were Bahamians, Haitians, Guyanese, and Hispanics.
PM pays tribute after death of Mitzie Turnquest
MITZIE Turnquest, a director of the Bank of The Bahamas, died on Saturday after several days of treatment in hospital.
Eric Wiberg – Taxied to beach, hit trees and sank
TAXIED to beach, hit trees, and sank: these seven words encapsulate a bad day for a dozen men.
‘Irresistible inference’ ArawakX misused client funds to pay bills
ArawakX’s use of a loan from its largest investor to pay sums due to crowd-funding issuers and subscribers creates “the irresistible inference” it was using client funds to cover operating expenses, regulators charged yesterday.
Many petroleum retailers 'close to giving keys back’
Multiple Bahamian petroleum retailers were yesterday said to be on the verge of “closing the doors and giving the keys back” within a month unless the Government finally delivers on a margin increase.
Regulator: ArawakX portal provider owed $28k debts
ArawakX’s assertion that it faces no creditor demands is contradicted by complaints it has failed for months to settle a $28,000 bill due to the firm that serviced its crowd-funding portal, regulators alleged yesterday.
Stem cell overhaul ‘no game changer’
The Free National Movement’s (FNM) chairman yesterday said the Government’s plans to overhaul the Stem Cell Therapy and Research Act are unlikely to be “a game changer” for healthcare or the economy.
‘Hunger should not be a barrier to learning’
HUNGER should not prevent any child from attending school, Prime Minister Philip “Brave” Davis said as the government’s new free breakfast programme was launched on Monday.
Jonquel returns to WNBA Finals
Grand Bahama native Jonquel Jones will make her return to the Women’s National Basketball Association (WNBA) Finals with the New York Liberty this Sunday versus the league’s defending champions - the Las Vegas Aces.
NPBA regular season starts Nov 11
THE New Providence Basketball Association (NPBA) regular season is scheduled to begin on Saturday, November 11. The league’s opening night will be hosted at the Kendal G L Isaacs Gymnasium which is expected to be one of the facilities utilised for a few of the games this season.
