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$700m optimism Bahamas can ‘take oil price pressure’
A “$700m-plus” increase in US dollar purchases from the commercial banks during the 2022 first quarter has given the Central Bank’s governor optimism The Bahamas “can absorb” much of the pressure from high global prices.
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Governor warns economy ‘overpowered’ after 2023
The Central Bank’s governor yesterday warned that surging global inflation and other external risks “could overpower” the Bahamian economy once the return to pre-COVID output levels is completed in 2023.
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Survival weekend returns for road parade
SURVIVAL Weekend is back and set for May 20-22, featuring a road parade and a mega concert with big names in Soca music, including Allison Hinds, Destra Garcia and Patrice Roberts.
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Inmate shot dead at work site
AN inmate on the Bahamas Department of Correctional Services’ work programme was shot multiple times and killed while on his job yesterday.
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Ayton leads Suns past Mavericks
PHOENIX (AP) — Deandre Ayton scored 25 points, Devin Booker added 23 and the top-seeded Phoenix Suns rolled to a 121-114 win over the Dallas Mavericks last night in Game 1 of the Western Conference semifinals.
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Single-A: BJ Murray earns player of the game honours
BJ Murray had his breakout game thus far in his first season at the Single-A level with the Myrtle Beach Pelicans.
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‘We are happy to say that softball is back’
DESPITE not having the proper size field to play on, the Bahamas Government Departmental Softball Association kicked off its 2022 season over the weekend.
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Planning Appeals Board will be ‘no rubber stamp’
A Cabinet minister yesterday pledged that the newly-appointed planning appeals Board will not serve as “a rubber stamp” for any government or Town Planning Committee decisions.
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Bahamian content creators losing out over ‘thousands’
A Bahamian content creator said the sector is missing out on “hundreds of thousands of dollars” in revenue due to difficulties in obtaining payment from abroad, and hopes digital assets will provide a much-needed cure.
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INSIGHT: The money has to come from somewhere
THE debate about taxation got ugly last week – with arguments in the House of Assembly and Shanendon Cartwright MP risking being thrown out by the Deputy Speaker. So, what’s the issue?
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EDITORIAL: Who will bear the cost of climate change?
HURRICANE Dorian was a monster. It bore down on Abaco and Grand Bahama and ripped the islands to pieces. The cost of the lives lost in the storm is immeasurable, there is no price you can put on a life. The damage, however, carried a financial toll, one that The Bahamas had to bear, even though there was a helping hand from others in the aftermath.
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Cases dating back to 2020 add nine more COVID deaths
COVID-19 deaths have risen by nine to 798 after a woman died of the disease in early April and health officials reclassified several other deaths that took place between August 2020 and June 2021.
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Cybercrime beats clients as greatest fraud threat
Cybercrime now poses a greater threat to global businesses than customer fraud, a PricewaterhouseCoopers (PwC) survey has revealed, with hacking incidents rising in line with the digital economy’s accelerated growth due to COVID-19.
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Bank wipes out $30m loss in three months
A BISX-listed bank says its best first quarter for a decade has more than wiped out the near-$30m full-year loss it suffered for 2021, which was sparked by a 41.4 percent jump in bad loan impairments driven by COVID-19 fall-out.
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‘Tremendous ignorance’ on VAT breadbasket row
The Coalition for Responsible Taxation’s (CRT) head has slammed “the tremendous amount of ignorance” shown by Bahamian politicians from all sides in the continued debate about eliminating VAT on so-called ‘breadbasket’ items.
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‘No time to celebrate’ on better fiscal signs
While the better-than-expected fiscal performance gives the Davis administration “something to hang their hat on” heading into the upcoming 2022-2023 Budget, it was yesterday warned: “It’s not time to celebrate yet.”
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Atlantis launches seaplane tie-up with Kamalame Cay
Atlantis has moved to better enable its guests to “experience the sheer beauty of the Family Islands” with this week’s launch of its partnership with Coco Bahama Seaplanes and Kamalame Cay.
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‘FORGIVE THE DEBT OF CLIMATE-HIT NATIONS’: PM wants nation to lead way in call for financial relief
PRIME Minister Philip “Brave” Davis wants multilateral organisations to forgive those debts of small countries that are related to climate change.
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Ayton and Suns host Dallas tonight to start second round
THE NBA careers of Deandre Ayton and Luka Doncic will always be connected due to the 2018 Draft and the pair will meet in the postseason for the first time when their second round series begins tonight.
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QC Comets are BAISS swimming champions
THE Queen’s College Comets emerged as the champions of the Bahamas Association of Independent Secondary Schools’ 2022 Swim Championships held at the Betty Kelly Kenning Swim Complex on Friday.
