‘Impossible’ to find funds for Bahamian farming
FARMERS say that they continue to face issues with obtaining financing - with a number of obstacles in their path.
Parking, access and occupancy among concerns over project
NEIGHBOURS of a proposed western condo development raised concerns at Department of Physical Planning public hearing last night.
Caribbean’s First BeAlert App Promises Safety
A BAHAMIAN company has launched a new emergency response app.
Cooper: Show national pride in tourism sector
The Ministry of Tourism Investments and Aviation launched its “Tourism is Everyone’s Business” domestic campaign yesterday which aims to educate the public on the importance of the country’s largest industry
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.
Project’s 15,000 acres for sale over ‘failure to pay’ property tax
A major Long Island investment project’s near-15,000 acres has been advertised for sale via auction by the Government authorities to clear an allegedly unpaid real property tax debt.
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.
Early bird catches the worm
ActivTrades
The AI hype and recent quarterly figures have given Nvidia the highest increase in value in Wall Street history. A whooping increase of $277 billion in one day. The market value of the semiconductor specialist moved to the two trillion-dollar mark on Friday.
Digital banking the ‘only way forward’ for Andros residents
DARIN Bethel, president of the Andros Chamber of Commerce said that digital currency providers are the “only way forward” for North and Central Andros businesses and residents.
AG: It’s time to scrap blacklists that have cost Bahamas millions
ATTORNEY General Ryan Pinder said that blacklisting could have cost The Bahamas tens of millions of dollars a year and again called for the UN to abolish the practice.
GB Shipyard targets tripling revenue to $250m by 2029
Grand Bahama Shipyard is aiming to more than triple its annual turnover to $250m within five years, its top financial executive asserting yesterday: "This is not wishful thinking."
FOCOL eyes 25% profit surge plus acquisitions
FOCOL Holdings is predicting a profit increase of 25.2 percent over the next three years with proceeds from its newly-launched $25m rights offering set to fund unspecified acquisitions and expansions.
GB airport demolition start 'within 30 days'
The deputy prime minister yesterday pledged demolition work at Grand Bahama International Airport will begin "within the next 30 days" after the Government "executed an agreement" with the UK operator.
Gov't targets $50m yearly via delinquent property tax sales
The Ministry of Finance's top official yesterday disclosed that the Government is aiming to raise between $25m-$50m annually from selling real estate owned by property tax delinquents.
