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Bahamas requires $16bn economy ‘to make sense’

The Bahamas must grow its economy to $16bn, expanding its size by around one-third, if its future is “to make sense” in the absence of government austerity, a governance reformer urged yesterday.

Sports Notes

THE Government Secondary Schools Sports Association will kick of its basketball season today with the junior boys and girls playing at the AF Adderley Gymnasium and the senior boys and girls at the Kendal Isaacs Gymnasium.

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.

DIANE PHILLIPS: Thanks, Eric Carey, you took the elitism out of the Bahamas National Trust and made it ours

WHEN Eric Carey said a final formal farewell to the Bahamas National Trust at the end of December, he left an organization that belonged to the people.

FTX’s Bahamian customers financed SBF’s $546m deal

FTX’s Bahamian subsidiary, and its customers/investors, were yesterday said to have unwittingly helped finance a $546m investment by Sam Bankman-Fried that has now been seized by US federal authorities.

‘NPBA action is fantastic’

University of the Bahamas Mingoes open new year with big victories

WITH the return of the New Providence Basketball Association action at the AF Adderley Gymnasium, the University of the Bahamas Mingoes and the Rockets opened the new year with big victories.

FRONT PORCH – Majority Rule: A shared celebration

THE LATE Roman Catholic Vicar General Monsignor Preston Moss grew up a stone’s throw away from the top of the hill East Street, not far from Mortimer Candy Kitchen.

COVID non-factor: Winter tourism season up 10-15%

Forward bookings for The Bahamas’ peak winter tourism season are 10-15 percent ahead of 2022 numbers, a leading hotelier disclosed yesterday, with the industry “satisfied” there will be no return to past COVID restrictions.

Towing fare increase could heighten risks

Automotive repair shops yesterday voiced concern that the 67 percent, or two-thirds increase, in standard towing fees could prompt Bahamians to take more risky measures to move broken down vehicles.

McKay Jr and Saints on a roll

AFTER some good Bahamian cooked meals and some quality time with family and friends, Gregory McKay Jr returned to Limestone University and helped the Saints men’s basketball team to two straight victories.

Platinum Knights march to GB victory

PLATINUM Knights captured its fifth consecutive win in the New Year’s Day Junkanoo Parade in Grand Bahama, dominating with a lead of more than 130 points ahead of rival Superstar Rockers.

Gov’t pledges law change over its $233m borrowing

The Government has promised to change the law to facilitate its “use” of $233m in International Monetary Fund special drawing rights (SDRs) that have for the past 16 months boosted The Bahamas’ foreign reserves.

Minister urges gas retailers not to rush to lay off staff

LABOUR Minister Keith Bell yesterday urged gas retailers to exercise restraint and “not to be swift to any sort of action” amid warnings about potential layoffs in the sector as costs rise.

Towing prices up – but businesses say it stops job cuts

TOWING businesses said although the recent price rise in towing services may deter some customers, it ultimately benefits business by preventing downsizing of staff.

16-year-old killed in two-car collision

THE COUNTRY recorded its first traffic fatality for 2023 after a 16-year-old male died in a traffic accident in the capital on Monday.

Minister: No ‘sweeping lay-offs’ from minimum wage increase

A Cabinet minister yesterday voiced confidence “there won’t be sweeping lay-offs” as a result of the 24 percent minimum wage increase despite previous warnings by petroleum retailers that they ma be forced to terminate staff.

Gas stations to ‘manage’ minimum wage increase

Petroleum retailers yesterday the minimum wage increase was something they “all have to manage” as they continue to push for a change to the industry’s fixed-margin business model.

Canary in a coal mine

ALARMING GLOBAL FALL IN SPERM NUMBERS

IN THE 1900s, British coal miners were exposed to carbon monoxide and other lethal toxic gases. John Scott Haldane and his research on carbon monoxide would in that age provide a solution of using canaries, as early indicators of trouble prompting the miners to evacuate.

A massive U-turn in China

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Having maintained a strict zero- COVID policy for almost three years, the Chinese government had become a prisoner of it. The strategy was designed to address the low vaccination rates of the elderly population (80 million people aged 80+ years are not vaccinated and 44% of the population did not receive the third dose, this percentage rising to 60% among people aged 80+ years). And, although studies in Hong Kong comparing CoronaVac with BioNTech’s vaccine have not been conclusive, the Chinese government did not seem to have much confidence in the degree of immunity provided by their own vaccines.

PM priorities include jobs, youth and inflation

THE government’s top priorities for this year will include tackling inflation, creating more job opportunities for Bahamians and fostering youth empowerment, Prime Minister Phillip Davis said yesterday.

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University of the Bahamas Mingoes open new year with big victories

ALARMING GLOBAL FALL IN SPERM NUMBERS

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