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‘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.
Youth Flag Football clinic on Harbour Island was a success
THE Bahamas Youth Flag Football League (BYFFL) partnered with the newly formed Barracudas Flag Football Club in Harbour Island to host a successful training clinic last weekend.
Boost social services with 1% high-end property levy
The Bahamas should raise extra revenue to finance social services by levying a 1 percent tax on all real estate purchases by wealthy investors, a well-known realtor is urging.
Funeral homes: Regulation requiring ‘proper structure’
Bahamian funeral homes yesterday said the Government's plans to introduce a regulatory framework for the industry must create "a proper structure" that only permits persons with the required qualifications to practice.
Bahamas eyes it usage for poaching crackdown
A Cabinet minister yesterday said the Government will be looking to information technology (IT) to aid The Bahamas' battle against poachers and illegal fishing vessels.
Minister: 'No desire' to avoid Procurement Act mandates
A Cabinet minister yesterday asserted there was "never any sort of desire or intention to circumvent" the Public Procurement Act's requirements as he blamed any non-compliance on the need to put in place supporting infrastructure.
Caribbean agriculture event to feature marijuana discussions
A Cabinet minister yesterday said talks on marijuana cultivation and the accompanying regulatory regime will be held with regional leaders at the upcoming Caribbean Week of Agriculture.
Pintard says Governor General’s speech failed to address critical issues
FREE National Movement leader Michael Pintard said yesterday’s Speech from the Throne failed to address critical issues and was filled with “recycled” commitments.
ArawakX won’t give top investor his 22%
The Bahamas’ first-ever crowd-funding platform plans to bar its largest investor from taking a 22 percent equity stake in the business following the fall-out that triggered its present regulatory woes.
Hotel expansion: ‘All our fears come true’
Two prominent Bahamian businessmen yesterday voiced fears their area’s property values will be undermined if a Bahamian hotel’s planned expansion worsens existing traffic and noise woes, adding: “All our fears have come true.”
Development Plan’s ‘final 20%’ target year-end for completion
The final “20 percent” of The Bahamas’ National Development Plan (NDP) is being targeted for completion before year-end, it was revealed yesterday, as the Davis administration moves to give it the full force of statute law.
Central Bank drops 2024 cheque elimination target
The Central Bank has abandoned its original target of eliminating paper cheque use by year-end 2024 because “a compelling fraction” of Bahamians need more time to adjust, its governor affirmed yesterday.
Chisholm Jr, Marlins lose Wild Card Series
Phillies sweep Marlins to earn NL Division Series rematch with MLB-best Braves
PHILADELPHIA (AP) — Bryson Stott crushed the second grand slam in Philadelphia Phillies postseason history and Aaron Nola tossed seven shutout innings in a performance worthy of a postseason ace that led to a 7-1 win and a two-game sweep over the Miami Marlins in their NL Wild Card Series last night.
Hinzey named assistant coach for Huskies
BAHAMIAN Latrel Hinzey has recently been added to the Haldimand Huskies Basketball Club coaching staff as an assistant coach. The Ontario team earned three division championships in the under-15 (U15), under-17 (U17), and under-19 (U19) categories of the Ontario Cup Provincial Championships this year.
‘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.
