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No consumer respite despite inflation ease

As the tide of inflation in The Bahamas seems to be ebbing, it prompts reflection on what this means for the average Bahamian’s wallet.

PETER YOUNG: Tumultuous year and passing of a statesman

SINCE this column is mainly about international affairs, it might be appropriate at the beginning of January to attempt a brief broad brush review of the year and offer some thoughts about the coming months in what has become a crisis-ridden world. But I fear that in today’s state of febrile uncertainty it would be hazardous to try to predict even the immediate future.

EDITORIAL: Evidence there to check the facts

EVIDENCE is a powerful thing.

Fire destroys structures in Kool Acres shanty town

Around 77 structures or some 80 percent of the Kool Acres shanty town off Joe Farrington Road have been burned to the ground in a fire that took place around 4pm on Saturday, according to Craig Delancey, Buildings Control Officer with the Ministry of Works and a part of the Unregulated Communities Action Taskforce.

Fourteen Clubs Golf Academy hosts first event of 2024

While many were enjoying the festivities on Majority Rule Day, juniors along with adults participated at the third Front 9 Golf Tournament Series drive, chip and putt event at the Bahamas Golf Federation’s Practice Facility.

Abaco Schools Sports Association basketball results

Abaco Schools Sports Association Basketball Championships (Best of Three series)

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”.

Spartans win Baha Mar Hoops crown

University of North Carolina at Greensboro Spartans’ forward Mikeal Brown-Jones called the Baha Mar Hoops Nassau Championships one of the greatest tournaments he’s ever played in.

JUNIOR tennis ace Tatyana Madu, of Grand Bahama.

‘VJ’ Edgecombe and Donovan Freeman fall to east 88-86

BAHAMIANS Valdez “VJ” Edgecombe and Donovan Freeman took the court for the 2024 McDonald’s All-American Game at the Toyota Center in Houston, Texas on Tuesday.

Senate’s vice-president attends trade conference

THE Senate’s vice- president represented The Bahamas at a recent trade and economic conference in his role as the Trade Commission’s deputy chairman.

‘Buddy’ Hield and Pacers fall to Lakers

CHAVANO “Buddy” Hield, who was linked to trade rumours with the Los Angeles Lakers, watched as LeBron James and Anthony Davis put on a show to dismantle his Indiana Pacers to claim the first National Basketball Association’s In-Season Tournament title.

Sports Notes

THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.

West Grand Bahama and Bimini By-Election Advanced Poll sees 95 percent turnout

THE advanced poll in Bimini had a 95 per cent turnout rate, according to administrator Eva Kay Arthur, the assistant returning officer overseeing the process on that island.

DEMOLITION GOES ON DESPITE SHANTY FIRE: No casualties reported but cause of blaze is still being investigated

DEMOLITION of the Kool Acres community will still proceed today despite the blaze that tore through the shanty town on Saturday engulfing more than 70 homes and destroying numerous belongings and personal items.

Banks see 30% profits increase

Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.

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?

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.

Deflation in the East

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Everyone in The Bahamas is feeling the rising cost of goods, energy and transportation. No matter if you visit the food store, turn on your AC or fuel up your car, you are paying more for these necessities than compared to the previous year. But the inflation rate in the islands is decreasing, and went down from 3.1 percent to 2.3 percent when compared to last year.

Financial crimes rise 54% to five-year-high

Financial crimes reported to the Royal Bahamas Police Force (RBPF) surged by 54 percent to 830 incidents in 2023 and representing a five-year high.

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