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FNM: Address full of promises, not specifics
FREE National Movement leader Michael Pintard criticised Prime Minister Philip “Brave” Davis’ national address as full of “tremendous promises”, but lacking specifics on how the government will address serious issues such as crime and financing big commitments.
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Gov’t in $40m surplus despite 25% VAT drop
The Government yesterday unveiled a rare $40.2m Budget surplus for July 2022 despite VAT revenues declining by more than 25 percent or some $36.5m year-over-year.
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Avalanche!
ActivTrades
The first warning of an avalanche usually comes from the noise it makes, as the mix of snow, rocks and other debris rolls down mountain slopes at speeds that can reach 30 kilometres per hour.
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NEW MOODY’S DOWNGRADE: Action taken over financing access fears
The Bahamas was last night urged to "move more urgently to rev the engine" after Moody's again downgraded the country's sovereign creditworthiness over fears its access to borrowing is being squeezed.
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UB Mingoes blank Cavalier FC 6-0
ANOTHER game and another hat trick plus one for University of Bahamas midfielder Ronaldo Green.
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BPL’s $90m Shell debt ‘higher’ than predicted
Bahamas Power & Light’s (BPL) $90m in unpaid fuel arrears owed to Shell is “substantially higher” than the Opposition and others had predicted, it was revealed yesterday.
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BPL eyed 58% lower costs than fuel hike
Bahamas Power & Light (BPL) was on target to lock-in fuel costs “through March 2024” that were up to 58 percent less than the skyrocketing increases unveiled by the Government yesterday, documents have revealed.
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Tourism rebounds to 90% pre-COVID level
Bahamian stopover arrivals rebounded to 90 percent of pre-COVID levels for July as the tourism recovery maintained its momentum by attracting some 3.677m visitors during the first seven months of 2022.
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BOB ‘can’t say we’re bank’ till loan growth
Bank of The Bahamas cannot truly “say we are on the way back” until it generates sustainable loan book growth again despite enjoying a 2022 financial year in which profits more than doubled to hit $11.218m.
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Seven-fold jump in Benchmark’s debt to clients no alarm
A BISX-listed firm has reassured investors that the seven-fold increase in monies owed to clients at year-end 2021 is no cause for alarm since it stems from $150m in securities trading activity.
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UB Mingoes men’s soccer team drops two matches to Fort Lauderdale Eagles
TAMARAC, Florida — The University of The Bahamas men’s soccer team dropped two games over the weekend to The University of Fort Lauderdale Eagles over the weekend.
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Just two diseases cost taxpayer $35m
Just two diseases consume more than one out of every six dollars in the Government’s annual health budget, it was revealed yesterday, with its public clinics facing an “extraordinary requirement for improvement”.
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COVID-19 controls ‘saved’ $900m external reserves
The Bahamas’ capital controls saved “around” $900m in external reserves at COVID’s peak, an economic researcher has estimated, while also helping to lower the Government’s annual interest burden by 2.5 percent of GDP.
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Jones: ‘With my athleticism, I can have a two-way impact’
THE Charlotte Hornets have a stacked depth chart in the frontcourt headed into the 2022-23 campaign but Kai Jones looks to use his versatility to take advantage of every opportunity in year two.
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RISE programme to be formally launched next month
SOCIAL Services Minister Obie Wilchcombe announced Friday that the RISE programme will be formally launched next month to further strengthen the ministry’s social assistance programme that has a budget of $21m.
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Investors ‘get wise’: RF funds up $60m
A Bahamian investment bank yesterday said total assets under management in its local currency mutual funds have increased by $60m year-to-date as investors “get wise” to the negative returns on bank deposits.
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UB Mingoes’ Ronaldo scores two goals on opening day
UNIVERSITY of the Bahamas Mingoes striker Ronaldo Green scored two goals over two matches on opening day of the Bahamas Football Association’s season over the weekend.
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BISX-listed firm pledges qualified audit ‘clear up’
A BISX-listed company’s top executive yesterday pledged that accounting woes which led to auditors issuing a “qualified” opinion on its 2021 full-year results will be “cleared up” in time for this year’s report.
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Shaping tennis diamonds at BLTA’s ‘Play Tennis Bahamas’
THE “Play Tennis Bahamas” programme resumed on Saturday at the National Tennis Centre where kids ages five to 17 years old were instructed in tennis.
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Bank client switch raises questions
A Central Bank-appointed administrator has transferred former Lucayas Bank (PIB) clients, and their assets, to another Bahamas-based institution whose ultimate principal has since been charged with bribery in the US.
