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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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Harborside staff see 11% industrial deal pay boost

SOME 92 workers at the Harbourside Resort at Atlantis will enjoy an 11 percent pay rise spread over the five-year term of a newly-signed industrial agreement, it was revealed yesterday.

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Footcare provider targets new investor capital raise

A BAHAMIAN footcare provider plans to tap its investors for further equity this summer as it pushes forward with further expansion following an initial roll-out that “surpassed expectations”.

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GBPA has not made GB better

IT IS disheartening and downright selfish for a foreign company that has been operating in the Bahamas from about 1955, and with nothing to show how it has improve the lives of Grand Bahamians, or its economy, to still want to stay hogging up all the profits, as its monopoly has become strained over decades, leaving many Bahamians to wonder about what percentages of its revenues were being exported to Europe, and now by the minute?

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Restaurant chain to double staff as revenues rise 15%

A BAHAMIAN restaurant chain is aiming to double its workforce by July through the creation of 48 new jobs with revenues for the year-to-date some 15 percent ahead of 2023.

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DPM: ‘We won’t tolerate’ cruise lines deterring their passengers

THE Deputy Prime Minister has warned the cruise lines that advising their passengers not to disembark in The Bahamas is “not something we tolerate”.

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‘Coach Yo’ and Ole Miss Rebels fall to LSU in SEC semifinals

COACH Yolett “Coach Yo” McPhee-McCuin and the University of Mississippi (Ole Miss) Rebels stepped onto the hardwood at the Bon Secours Wellness Arena riding a seven-game win streak which was snapped by the Louisiana State University Tigers 75-67 on Saturday.

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Immigration detains 92 during shanty town demolitions

NINETY-TWO people were detained in New Providence and Abaco as authorities looked to demolish shanty towns, Immigration Minister Alfred Sears said yesterday.

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Paul Thompson will be remembered for his contribution to cricket

BAHAMAS Cricket Association president Gregory Taylor Sr said they will always remember the late Paul Thompson for his contribution to the sport over the years.

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STATESIDE: A tale of several Trudeaus and one Donald Trump

THIS is a tale of several Trudeaus of different generations and Donald Trump.

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Four-year-old boy found dead after left ‘unattended’ in bath

A four-year-old toddler was left unattended in a bathtub and later found dead by his guardians at an apartment complex on McKinney Avenue on Tuesday.

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International certification for GBPA department

THE Building and Development Services at the Grand Bahama Port Authority received ISO 9001 certification, a globally recognised standard for quality management.

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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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Biden has been bad for Bahamas

A COLLEAGUE of mine told me that his aunt, who has been residing in New York since the early 1980s, complained bitterly to him about the soaring costs of food in her area.

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FTX founder Sam Bankman-Fried's lawyer asks judge to reject 100-year recommended sentence

NEW YORK (AP) — Sam Bankman-Fried's lawyer said Tuesday that a suggested 100-year prison sentence for the FTX founder by an arm of the court is "grotesque" and "barbaric" and at most a term of a few years behind bars is appropriate for cryptocurrency crimes that the California man still disputes.

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Demolition continuing at Abaco ‘Gaza’ Shanty town

MORE than 60 structures have been demolished at the Gaza shanty town in Abaco so far - with more expected to be destroyed, according to the Ministry of Works.

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‘Coach Yo’ and Ole Miss Lady Rebels two conference wins away from making history

GRAND Bahama native coach Yolett McPhee- McCuin and the University of Mississippi (Ole Miss) Rebels are just two wins away from earning the most Southeastern Conference victories in the programme’s history.

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DEMOLITION OF 100 SHANTY HOMES BEGINS: Residents hurry to get personal items before structures destroyed

AFTER years of government pledges to dismantle unregulated communities in Abaco, the Ministry of Works began demolishing more than 100 structures in the Gaza shanty town on the island yesterday.

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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.

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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.