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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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Fostering a shared future and a better world for all women
THREE years ago today, on International Women’s Day 2021, a new chapter began for me as I left Beijing to serve as the first woman ambassador of China to The Bahamas.
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INSIGHT: A sign of incompetent governance or is it just outright cowardice?
THE announcement of the increase in National Insurance Board contribution rates last week should have been an example of good planning and well-coordinated execution – instead it was a sign of governance by ineptitude at best, cowardice at worst.
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Cable urges industry unity on URCA ‘budget travesty’
CABLE Bahamas is urging its rivals to join the battle against “this travesty in budget increases” for the sector’s regulator whose downtown Nassau headquarters it branded an “albatross”.
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Gov’t’s $2.5m elevator cost ‘quite exceptional’
THE Bahamian Contractors Association’s (BCA) president says spending $2.5m to replace an elevator at the Government’s Cecil Wallace-Whitfield Centre is “quite exceptional”, and asked: “Is it made of gold?”
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Sweeting says draft amendments aim to strengthen local government
WORKS and Family Island Affairs Minister Clay Sweeting said his ministry had drafted amendments to the Local Government Act to strengthen the effect of local government on Family Island communities.
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URCA rejects Cable’s Starlink ‘level playing field’ push back
REGULATORS yesterday rejected Cable Bahamas’ renewed concerns that it is competing on an “unlevel playing field” against Elon Musk’s Starlink satellite Internet service.
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Hotel workers gain ‘tens of millions’ via new deal
HOTEL workers will receive “tens of millions of dollars” in extra financial benefits following yesterday’s signing of the industry’s first industrial agreement for more than a decade.
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Hotel Union signs ‘historic’ agreement with Atlantis
THE Bahamas Hotel Catering and Allied Workers Union (BHCAWU) signed a five-year industrial agreement with the Bahamas Hotel and Restaurant Employers Association (BHREA) yesterday valued at some “tens of millions” that will affect about 10,000 employees.
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INSIGHT: Promise of Haiti election good - if it can happen
IS Haiti finally seeing some progress? The news that Prime Minister Ariel Henry has agreed to hold general elections is either a positive sign – or a concession to pressure at both home and abroad.
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Govt says amnesty is over for delinquent real property tax
PAYMENT plans and amnesty periods for people who owe substantial amounts of real property taxes are over, acting director of the Department of Inland Revenue Shunda Strachan said yesterday as her department prepares to execute its power of sale against scores of delinquent accounts.
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18-year-old accused of armed carjacking and possession of dangerous drugs
AN 18-year-old male was remanded in custody yesterday after being accused of an armed carjacking on Dean Street last week.
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Man charged with possession of dangerous drugs with intent to supply
A MAN was granted $1,000 bail after he was accused of having drugs last weekend.
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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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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.
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'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.
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Gov’t eyes $140m ‘accrual’ over corporate income tax
The Government is exploring how Bahamas-based companies that will pay the new 15 percent corporate income tax can “accrue” a projected $140m in revenues before the enabling laws are enacted.
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EU blacklist escape blocks double-digit insurance rise
Bahamian households and businesses yesterday escaped potential double-digit increases in insurance costs after this nation secured its removal from the European Union’s (EU) tax blacklist.
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Bahamas must feed itself to be ‘truly independent’
A CABINET minister yesterday asserted that The Bahamas can only be “truly independent” if it achieves food security where its citizens are able to feed themselves.
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INSIGHT: Causes of crime not new, but deepening – what now?
“Hate multiplies hate, violence multiplies violence, and toughness multiplies toughness in a descending spiral of destruction.” - Martin Luther King, Jr.
