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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”.

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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.

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North Andros hotel hopes for 85% regatta retention

A North Andros  hotel yesterday voiced hope that “at least 85 percent” of visitors scheduled to attend this weekend’s postponed homecoming will still come out when it is held later this month.

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Pirates tie the game with buzzer-beater against visiting VMI team to force overtime

But Virginia Military Institute opts not to play the extra period due to slippery floor at the Kendal Isaacs Gymnasium

STEPHAN Smith canned a buzzer-beating three-pointer for the Pirates to tie their game at 98-98 against the visiting Virginia Military Institute to force overtime last night.

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Almost 1m referrals to Nassau/PI hotels

A senior Bahamian tourism executive yesterday said Nassau/Paradise Island has recovered to 97 percent of pre-COVID business volumes by March 2023 with airlift capacity up by double digits for the year-to-date.

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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.

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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.

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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.

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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."

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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.

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Hotels dealing with visitor safety concerns on crime

Hotels have been fielding concerns over whether it is safe to vacation in The Bahamas as Canada was yesterday reported to have issued a crime alert on this nation.

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Public school attendance is down four percentage points since last year

THE public school attendance rate is at 91 percent this year, according to Acting Education Director Dominique Russell.

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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.”

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East GB microgrids set to hire up to 50

Up to 50 workers will be hired for the proposed build-out of five solar microgrids designed to help “ease cost of living concerns” and entice former residents to return to Dorian-ravaged east Grand Bahama.

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BTC targets Internet lead with 90% fibre coverage

The Bahamas Telecommunications Company (BTC) is aiming to cover 90 percent of New Providence with its new fibre network within the next nine months as it placed broadband Internet at the core of yesterday's corporate rebranding.

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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".

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‘CANNABIS DRAFT BILL INADEQUATE’: Rastafarian community dissatisfied with location limit for religious use

THE Rastafarian community is not satisfied with the Davis administration’s proposal for legalising cannabis for religious purposes, calling the draft bills inadequate.

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Bakery reveals record Easter hot-cross sales

A Bahamian bakery yesterday revealed it enjoyed its best Easter to-date by selling just under 600 dozen homemade hot cross buns.

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Plane used for mail flights to Bahamas has a grisly history

A TURBOPROP plane once used to deliver mail to The Bahamas from Florida has been revealed to have had a grisly history – with political detainees in Argentina having been thrown from the vehicle to their deaths during the country’s 1976-98 military dictatorship.

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BPL set for a 'maturity audit'

Regulators are searching for consultants to conduct a "maturity audit" of Bahamas Power & Light (BPL) in a bid to assess the energy monopoly's performance and develop better regulatory oversight.