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Explorer: We won’t sell off Bahamas heritage

An underwater explorer has pledged not to sell or “split up” the valuable gems and historical artifacts it is recovering from the wreck of a centuries-old Spanish treasure galleon in Bahamian waters.

Governor targets loan delinquency ‘under 5%’

The Central Bank’s governor yesterday said he is targeting a commercial bank loan delinquency rate of “less than 5 percent” as some institutions push for an easing of lending restrictions.

PM’s ‘intervention’ sought over 130 Gold Rock jobs

The Opposition’s leader yesterday voiced optimism that the Prime Minister’s “intervention” will prevent “a substantial blow” to Grand Bahama’s economy with up to 130 jobs threatened by the Gold Rock group’s closure.

Carnival to begin dredging within 90 days for mega cruise port in East Grand Bahama

Carnival expects to commence dredging in East Grand Bahama for its mega cruise port in the next 60 to 90 days, a Carnival Corporation executive told hundreds of residents gathered at the Grand Lucayan Resort on Thursday evening.

Doctors enjoys up to 40% non-COVID revenue rise

Doctors Hospital plans to unveil its new Bay Street pharmacy within 30 days, a top executive revealed yesterday, with monthly non-COVID revenues up to 40 percent higher than pre-pandemic comparatives.

Tourism ‘market mix’ can beat Fed’s interest hike

The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday voiced optimism that “pent-up” travel demand and a high-end “market mix” can sustain the post-COVID rebound despite the Federal Reserve’s latest tightening.

‘Polluter must pay’ says minister after fuel spill

ENVIRONMENT and Natural Resources Minister Vaughn Miller yesterday would not say whether negligence played a role in last week’s oil spill at Exuma.

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.

‘Survivors will be humanely treated’

ONLY two Haitian survivors from Sunday’s deadly boating tragedy had work permits to be in the country, Labour and Immigration Minister Keith Bell revealed yesterday, as he promised survivors would be treated humanely.

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.

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.

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.

$500k needed to pay beach contractors

MCKELL Bonaby, executive chairman at Bahamas Public Parks and Public Beaches Authority, says more than half a million dollars is owed to contract workers.

Gas dealers ‘optimistic’ despite wait over relief

Bahamian gas station operators yesterday said they remain “optimistic” about their relief negotiations with the Government despite the two sides not having met or communicated for “quite a while”.

INSIGHT: What lessons will be learned from Exuma diesel spill?

THE diesel spill at the Old Navy Base cove last week turned all eyes on Exuma – and once more brought the discussion about how well we are protecting our environment to the fore.

Bahamas ‘can’t sit on laurels’ over digital assets regulation

The Securities Commission’s top executive has warned that The Bahamas “cannot sit on our laurels” as she disclosed that further reforms to tighten digital assets regulation will be unveiled “in the next few months”.

Old Navy Base cove closed till August as clean up continues

THE Old Navy Base cove in Exuma will remain closed until August 10 as workers clean up the remaining diesel from the water and prepare to remove sand for further testing.

Central Bank: Investors no longer ‘tepid’ on Gov’t debt

The Government’s domestic debt issues were fully subscribed for the first time in almost three years during the 2022 second quarter, the Central Bank has revealed, arguing that “tepid investor sentiment” has been reversed.

TEACHERS’ TURN FOR ULTIMATUM: Govt given just days to break deadlock in long-running dispute

BAHAMAS Union of Teachers has delivered a seven-day ultimatum for the government to sign off on a full industrial agreement that will benefit the more than 3,000 members of the union.

Monkeypox

According to the Centre’s for Disease Control and Prevention, monkeypox is a rare disease caused by infection with the monkeypox virus, and is related to the variola virus that causes smallpox.

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