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No public interest in Sand Dollar
This Sand dollar thing - Central Bank says 90% of all bank accounts have a credit balance of $1,000.
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STATESIDE: Messi makes and impact on Miami sports with a look at Mas Canosa’s impact on Cuban-US relations
WE all know about the close ties The Bahamas maintains with South Florida. It’s hardly a secret that the legal as well as the illegal commerce between us has over many decades proven to be enduring, necessary, lucrative and quite creative. Miami-Dade County has 30 “sister city” agreements with foreign municipalities around the world, including one with The Bahamas. And one of Miami’s two “friendship city” relationships is with Barcelona which might prove to be prophetic, as we will see.
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$100m Goodman’s Bay penthouse ‘compelling’ amid pneumonia claim
The developer behind the $100m, 14-storey Goodman’s Bay penthouse project last night acknowledged their neighbour’s “passion” and “attachment” but pointed to the 300 construction jobs it will create.
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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 directors stay in control of BOB battle
The Chief Justice has allowed ArawakX’s principals “to maintain conduct and control” of the legal battle with Bank of The Bahamas over the latter’s six-month freezing of all their accounts.
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Two-thirds say Bahamas can end cheques by ‘26
Almost two-thirds of Bahamians believe this nation could be ready for the elimination of cheque payments within the two-year deadline set by the Central Bank to review its goal.
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BGDBA Playoffs: Cybots and Avengers go up 1-0 in first round
The Bain and Grants Town Cybots and Airport Authority Avengers nabbed the first wins in their round one playoff matchups.
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EDITORIAL: Murder count tops 100 again, despite COP’s promise
IN August of last year, Police Commissioner Clayton Fernander was insistent that the country would not pass a total of 100 murders. He was wrong.
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NPBA: Heatwaves, Rockets, Shockers in the win column
THE New Providence Basketball Association continued its regular season action over the weekend at the Kendal Isaacs Gymnasium with a series of games played.
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National debt up $458m despite ratios declining
The post-COVID economic revival dropped The Bahamas’ debt-to-GDP ratio to 85 percent at end-June despite the national debt increasing by $457.5m over the prior 12 months to $11.645bn.
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We should not go cashless
Glad to see at least one Minister, Fred Mitchell is openly against cashless society... we, all those that totally disagree with the cashless stupidity, are supported that recent Central Bank stats indicate in a quarter the ‘wallets of these digital things’ the deposits in them decreased - dropped by over $31m. Seems the consumers are saying... be gone!
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Central Bank ease ‘won’t open mortgage avenue’
The Central Bank’s recently-unveiled regulatory easing is unlikely to “open up a new avenue of mortgages” being issued to Bahamian home buyers, a senior banker said yesterday.
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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.
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Police allegedly find a gun and ammo in house of man waiting trial for murder of Corporal Fox
A MAN awaiting trial for allegedly trying to murder a police officer was denied bail yesterday after a gun and a large quantity of ammunition was allegedly found in his home.
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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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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.
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Bahamas ‘tops’ 5m visitors to end-June
The Ministry of Tourism's top official yesterday disclosed that visitor arrivals breached the five million mark for the 2023 half-year although higher-yielding stopovers and air arrivals remained slightly down on 2019's "banner year".
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Parking ‘satisfied’: Wynn penthouse project is go
The Town Planning Committee’s chairman yesterday confirmed it has approved Wynn Group’s 14-storey Goodman’s Bay penthouses after it “satisfied” long-standing parking concerns.
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Pipe maker to hire 90 for $1m plant build-out
A NEWLY-created PVC pipe manufacturer has pledged to hire more than 90 persons for the construction of its $1m Grand Bahama plant that is due to be completed by September 2024.
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Gov’t deserves fiscal praise but should now look to IMF
The Bahamas is now three years into a recovery from the devastating effects of Hurricane Dorian and the COVID-19 pandemic, which hit the country only four months apart in 2019- 2020 and wreaked havoc on the economy.
