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Jones and Hornets end Summer League with 2-3 win-loss record

KAI Jones and the Charlotte Hornets concluded the NBA2K23 Las Vegas Summer League with a 2-3 win-loss record.

DIANE PHILLIPS: Corporate tax will be the next test, though we already pay more in VAT and Customs duties

Forty-nine is behind us, the flag-waving, parades, retreats, the beer, barbeques and day at the beach are memories.

‘Stay vigilant’ over two new COVID variants

A PAN American Health Organisation official has urged countries to remain vigilant in light of the emergence of two new fast spreading variants of COVID-19.

EDITORIAL: Digging a hole ever deeper at NIB

IN today’s Tribune, we reveal the scale of losses to the National Insurance Board due to the COVID-19 pandemic. What we cannot reveal is what anyone is doing about it.

Development Bank aided by $20m NIB bond switch

Some $37m in Bahamas Development Bank (BDB) bonds held by the National Insurance Board (NIB) were converted into a long-term 20-year loan as the lender’s solvency deficiency rose to $13.629m at year-end 2020.

GB church leader calls for ‘new economic paradigm’

GRAND Bahama Christian Council president Rev Kenneth Lewis believes The Bahamas must establish “a new economic paradigm” that will allow Bahamians to compete in all aspects of the country’s economy. While delivering his independence message, the clergyman indicated that it is now time for Bahamians to be encouraged to own hotels and banks.

NIB reserves ‘in a state of decline’

THE National Insurance Board yesterday said its reserves are in a state of decline because the amount of benefits paid out annually have exceeded the incoming contributions since 2016.

Banks’ fee income doubles in decade

Bahamian commercial banks are generating an ever-increasing share of their income from the fees detested by many consumers, which now account for more than $1 out of every $5 in earnings.

Team Bahamas shines at Arkas Optimist World Championships

Team Bahamas delivered several milestone performances at the 2022 Arkas Optimist World Championships.

Bahamas among most exposed to Ukraine war

The Bahamas must brace for multiple economic “uncertainties” over the next 12-18 months, a governance reformer warned yesterday, after it was named among the eight Western Hemisphere states most vulnerable to the Ukraine war.

Cable beats target by $50m on ‘largest ever refinancing’

Cable Bahamas yesterday revealed it beat its preference share rollover target by $50m as it hailed completion of “the biggest refinancing the market has ever seen”.

Foreign reserves stay over $3bn despite May decline

The Bahamas’ foreign currency reserves closed May 2022 above $3bn despite a $65m drop-off during the month, with the Central Bank reiterating its belief that they remain “more than adequate” to sustain the US dollar peg.

Air arrivals hit 85% of pre-COVID levels

Total air arrivals to The Bahamas rebounded to 85 percent of pre-COVID numbers during April, more than doubling prior year numbers for a period that included the peak Easter holiday weekend.

Sanctions harm Bahamas

Prime Minister Philip “Brave” Davis’ pleas to Washington, DC, to lift sanctions on the Nicolás Maduro administration in Venezuela seems to have fallen on deaf ears, judging from a recent press release by the US State Department. Maduro has been president of that South American country since 2013. His government can now be classified as a dictatorship. Venezuela has the largest oil reserves in the world.

Gov’t turns down Ginn bid and plan

The Government has rejected a bid to acquire the former Ginn sur mer project, which planned to construct a 28-storey “iconic tower” modelled on Alexandria’s ancient lighthouse, in its present form.

OTABOR WINS GOLD IN JAVELIN: Team Bahamas nets three silver medals

The Bahamas will return home from the inaugural Caribbean Games in Baie-Mahault, Guadeloupe, with a total of four medals, inclusive of a gold from strongwoman Rhema Otabor and three silver from quarter-miler Megan Moss, hurdler Oscar Smith and judoka Daniel Strachan.

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