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Financial Stability Council to develop ‘crisis playbook’
The Central Bank’s governor yesterday said the creation of a Bahamian Financial Stability Council will help “develop a playbook” for how regulators and the Government manage an industry “crisis”.
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Governor eyes IMF-beating 4-6% GDP growth for 2023
The Central Bank’s governor yesterday forecast that The Bahamas could beat International Monetary Fund (IMF) projections by growing its economy “anywhere in the 4-6 percent range” for 2023.
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AID 'most concerned' over BPL rate hikes
A major Bahamian retailer yesterday voiced optimism that 2023 will be "marginally better" than last year while revealing it is "most concerned" about Bahamas Power & Light's (BPL) rate hikes depressing consumer spending.
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SBF: Bahamas attacks motivated by prejudice
Sam Bankman-Fried planned to mount an impassioned defence of The Bahamas before the US Congress by implying that attacks on it over FTX's implosion were motivated by racism and prejudice.
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Entrepreneur hopes cruise giant’s PI ‘invasion’ ending
A Bahamian entrepreneur has voiced renewed optimism that Royal Caribbean may be halting its “invasion” of his leased Crown Land after it purportedly submitted a revised proposal for its $110m Paradise Island project.
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Is Tesla a car maker or a tech company?
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Being the world’s richest man is not for everybody. It takes a blend of determination, hard work and talent.
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One Eleuthera Foundation: A culture of giving in The Bahamas
DO Bahamians really give back like they should? As simple as this question sounds, it’s more nuanced than we think. In my line of work, there are a lot of conversations about philanthropic giving in The Bahamas, and recently, I heard the sentiment again that “Bahamians don’t give back as they should”. It got me thinking about invoking a discussion around how we drive more local giving in The Bahamas.
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$170m project must stop Exuma’s south ‘dying out’
EXUMA’S private sector says the $175m Torch Cay project is urgently needed to prevent the island’s southern end from “dying out”.
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FTX’s Bahamas liquidators beaten to $143m by DOJ
The bid by FTX’s Bahamian liquidators to take control of $143m held in US bank accounts was rendered “moot” - at least temporarily - after the assets were seized by the US federal authorities.
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USA dominate as International Tennis Clubs Doubles Week gets underway
THE International Tennis Clubs Doubles Week, featuring veteran retired tennis players from around the world, got underway yesterday at the Nassau Lawn Tennis Club with the United States showing their dominance in the two matches they played.
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Mixed emotions
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The upward trend in the stock market continued into 2023 for a second week. The reporting season in the US traditionally starts with the balance sheets of the large financial institutions. However, their quarterly figures were mostly worse than expected.
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International tennis teams to join Bahamas for IC Caribbean Doubles Week Championship
INTERNATIONAL tennis teams from USA, Barbados and Canada will be joining The Bahamas team for the sixth bi-annual International Tennis Clubs (IC) Caribbean Doubles Week Championship from Monday, January 16 to Friday, January 20.
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‘Future generations and youth let down’ over NIB
The National Insurance Board (NIB) must be given more independence from government, a pension specialist urged yesterday, adding: “Successive administrations have let the youth and successor generations down.”
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Bell and Farrington win golf title
THE fourth edition of the Cancer Society of the Bahamas charity golf tournament saw the team of Andrew Bell and Marcus Farrington emerge as the champions on Majority Rule Day yesterday at the Baha Mar resort’s Royal Blue Golf Course.
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NPBA: Giants and DDL in win column
THE defending champions Discount Distributors Liquors and runners-up Commonwealth Bank Giants both pulled off victories over the weekend to highlight the men’s division one play in the New Providence Basketball Association.
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Red Cross ball returns - and aims to double income
THE Bahamas Red Cross Society is looking to double its proceeds for this year’s ball after two years without its largest fundraiser and the organisation encouraging the public to support.
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More than 300 percent rise in tourism in November over previous year
THE tourism sector continued its “robust” growth in November, according to the Central Bank of The Bahamas’ monthly economic and financial developments report - with arrivals up by an astonishing 341.5 percent from 2021.
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Back to school for PM as Class of '68 hands over donation
PRIME Minister Philip "Brave" Davis returned to his school days with a visit to St John's College, as the school received a donation of $160,000 on Friday from its class of 1968.
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Realtor has ‘never seen such high rental rates’
A Bahamian realtor says he has “never seen such high rental rates” as now exist in some of western New Providence’s most upscale communities with demand in this segment now suppressing available-for-sale inventory.
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Gas prices on the way down ‘for first quarter’
THE vice president of the Bahamas Petroleum Dealers Association said gas prices are trending downwards, something he expects to continue leading into the first quarter of the new year.
