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NIB’s $240m loss at COVID’s peak
COVID-19 has left the National Insurance Board (NIB) facing an “uphill lift” to recovery after plunging the nation’s social security system into a $240m loss at the pandemic’s peak.
Grand Lucaya sees rise in occupancy numbers over long Easter weekend
SOME hotel properties experienced occupancy levels of between 30 and 40 percent over the Easter holiday, particularly in the Lucaya area.
Nassau Cruise Port joins with the dignified girl project to donate feminine products to four groups
IN celebration of International Women’s Month, the Nassau Cruise Port partnered with the Dignified Girl project to donate 300 bags filled with essential feminine products to four organisations on Friday.
Tennis ace Sydney Clarke closes out Senior Day
AS she was honoured with three of her team-mates on Senior Day, Sydney Clarke felt it was only fitting to show her gratitude by securing a victory for the University of Arlington at Birmingham women’s tennis team.
PM is well suited for finance role
IT WAS written by the revered Chinese sage and philosopher, Confucius in 500 BC that “the ruler of a country of a thousand chariots must give diligent attention to business; he must be sincere; he must be economical; he must love his people; and he must provide employment for his people at the proper seasons”.
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."
Call for immediate ceasefire
JOINING the voices of non-governmental organisations, feminist movements, and activists all over the world, Equality Bahamas calls for an immediate ceasefire and an end to the occupation of Palestine by Israel.
‘This year’s carnival will look less like Junkanoo’
COSTUMES for Bahamas Carnival 2024 will look less like the Junkanoo-themed costumes of years past, according to Bahamas Carnival Association (BCA) president Dario Tirelli.
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.
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”.
CARIFTA swimming team named
AFTER the completion of its final trials over the weekend at the King’s College School’s 25-metre pool, Bahamas Aquatics has selected a quality 36-member team on their quest to win a sixth straight CARIFTA swimming championship title.
‘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.
EDITORIAL: Remembering a hero and guardian angel
PAUL Thompson was a guardian angel.
STATESIDE: A tale of several Trudeaus and one Donald Trump
THIS is a tale of several Trudeaus of different generations and Donald Trump.
Former Assistant Commissioner of Police Paul Thompson dies age 96
Former Royal Bahamas Police Force Assistant Commissioner Paul Thompson has died, aged 96.
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.
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.
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.
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.
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.
