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‘No need to fear’ over Scotiabank-NUA deal
Bahamas First’s top executive yesterday dismissed concerns over its wholly-owned agency’s tie-up with Scotiabank, saying: “The market doesn’t need to fear there’ll be unfair competition.”
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Cruise island expansion to drive 149% visitor rise
Visitors to a cruise line’s Bahamian private island are forecast to increase by more than 427,000 per year once two piers are constructed to allow its vessels to properly dock, it has been revealed.
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Crowdfund platform to add secondary trading
A Bahamian crowdfunding platform yesterday said it plans to launch secondary market trading and improve issuer disclosure through the launch of additional features over the next nine months.
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Opposition in ‘VAT-free holiday’ fate challenge
The Opposition’s finance spokesman yesterday voiced concern that Bahamian merchants and families could miss out on a significant inflation offset if no Back-to-School ‘VAT-free holiday’ is held this year.
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Top official rules out ‘debt restructuring’
The Ministry of Finance’s top official yesterday reiterated that the Government has “no plans for any restructuring” of the $11.8bn national debt as he confirmed the hiring of an advisory firm to aid fiscal management.
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Marlins push undefeated record to 2-0 in New Providence Softball Association
WHILE the Mystic Marlins stayed undefeated, the C&S Hitmen rebounded to get their first victory as the New Providence Softball Association action continued on Saturday night in the Bankers Field at the Baillou Hills Sporting Complex.
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Eight tennis juniors take advantage of JITIC u-14 competition
EIGHT young Bahamian tennis stars are competing in the Under- 14 JITIC regional event in Mexico.
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Armando Moss earns right to represent Bahamas in triathlon at the Commonwealth Games
MAKING the switch from swimming has certainly paid off for Armando Moss.
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Minister pledges ‘polluter will pay’ over Exuma spill
A Cabinet minister yesterday pledged that “the polluter will pay”, with the Government “holding their breath” that last week’s Exuma oil spill does no long-lasting harm to the area’s marine life.
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Chamber chief urges more Lucayan sale transparency
The Grand Bahama Chamber of Commerce’s president yesterday urged the Government to be more forthcoming with the status of the $100m Grand Lucayan sale to Electra America Hospitality Group.
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PETER YOUNG: A breakthrough of sorts - but will the Russians stick to it?
A major development in the war in Ukraine has raised faint hopes of peace in the longer term. An agreement with Russia was signed last week to restart the export of grain, though there is a danger that it may have already been derailed because of the firing of missiles at the Ukrainian Black Sea port of Odesa over the weekend.
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Arawak Cay is ‘close to levels pre-pandemic’
ARAWAK Cay vendors said with the increase of business recently, sales are close to pre-pandemic levels, especially with the return of Junkanoo Summer Festival.
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AG: rehabilitation act to correct ‘grave injustice’
ATTORNEY General Ryan Pinder says the amendment to the Rehabilitation of Offenders Act will correct the “grave injustice” to people criminally convicted under the Emergency Powers Orders.
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Tragedy ‘a long-term issue’
SENATOR Darren Henfield said yesterday Sunday’s tragedy is just another example of a long-term issue that needs to be addressed.
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Haitian leaders reach out to find victims’ families
LEADERS of the local Haitian community are planning to visit several neighbourhoods in New Providence in an effort to locate the families of those who lost their lives in Sunday’s human smuggling incident.
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Gov’t hires Rothschild for $11.8bn debt help
The Government has hired Rothschild & Co, a major global financial group, to advise on what could become a “massive refinancing” of much of the country’s $11.8bn national debt, it was revealed yesterday.
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Auto dealers: Sales ‘20% higher’ if we had supply
Bahamian auto dealers yesterday said industry-wide sales would be “20 percent higher” than the actual 159 year-over-year increase for 2022 to-date if vehicle supplies matched pre-COVID levels.
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Fidelity chair: Global recession risk ‘high’
A BISX-listed bank’s chairman has branded 2021 “the comeback year we all hoped for” after his institution cut loan loss provisions by almost $19m due to borrowers becoming current with their obligations again post-COVID.
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Attorney must pay $165k over ‘forged’ bank drafts
A Bahamian attorney has been ordered to pay Scotiabank some $165,000 after his business account became overdrawn due to two bank drafts that were discovered to be “forgeries or counterfeit”.
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‘No further hiccups’ over Lucayan deal
The Opposition’s leader last night voiced concern that “there are no further hiccups” with the proposed Grand Lucayan sale with the extension to the buyer’s 60-day due diligence period set to expire this week.
