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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.
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Collateral Registry hailed as a ‘tremendous move’
The Central Bank’s plan to boost small business access to financing by creating a movable Collateral Registry was yesterday hailed as “a tremendous step in the right direction” provided it is accompanied by the necessary training.
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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.
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Bahamas suffers loss to Dominican Republic
SENIOR MEN’S NATIONAL BASKETBALL TEAM IN FIBA WORLD CUP 2023 AMERICAS QUALIFIERS
Chavano “Buddy” Hield put on a show playing in front of the home crowd for the first time as a pro, but a fourth quarter rally from Team Bahamas fell just short as they lost the final game in the third window of FIBA World Cup 2023 Americas Qualifying opening round play.
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Mackey named assistant men’s basketball coach
NASHAD Mackey continues to progress in the coaching ranks and was appointed to a new post at his alma mater. The former national team standout was named the assistant men’s basketball coach for the Daytona State Falcons. He joins head coach Joey Cantens’ staff that led the Falcons to a 13-19 record last season in NJCAA Division I - Region Eight play.
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Collateral Registry to ease 231% loan security burden
The Central Bank has unveiled plans for an Internet-based collateral registry that will ease Bahamian small business access to funding in a market where the security demanded is often more than three times’ the loan amount.
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Agriculture non-profit supports food efforts
AS Bahamian families continue to grapple with the increasing cost of living, a leading agriculture-focused non-profit has thrown its support behind recent calls for greater efforts to improve food security in The Bahamas.
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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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Bahamas senior men’s national basketball team sweeps USVI
THE Bahamas senior men’s national basketball team completed a sweep over the US Virgin Islands and advanced to the second round of FIBA World Cup 2023 Americas Qualifiers.
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Jonquel selected to team Stewart for WNBA All-Star game
CONNECTICUT Sun star Jonquel Jones will play her fourth WNBA All- Star game as a member of “Team Stewart.”
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NPSA opens fastpitch season
AFTER a two-year hiatus as a result of COVID-19, the New Providence Softball Association opened its 2022 fastpitch season over the weekend with the new look Cybertech Blue Marlins and the veteran Sunshine Auto Wildcats getting off to an impressive start.
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DIANE PHILLIPS: Growing the economy doesn’t happen when you do what you’ve always done
PRIME Minister Philip “Brave” Davis set off a maelstrom of misdirected mischief when he announced elimination of duty on pleasure boats, a concept that goes back decades and was intended to come to fruition at least ten years ago.
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Timely MLK quotes for Bahamian murderers
DR Martin Luther King, Jr, would’ve been 93 today, had he not been assassinated by James Earl Ray on April 4, 1968 at the Lorraine Motel in Memphis, Tennessee. With tensions running high at the height of the civil rights movement in the Deep South, King had less than 24 hours before his violent demise spoke cryptically of his impending premature end in his “I’ve Been to the Mountaintop” speech at the Bishop Charles Mason Temple Church of God.
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National baseball stadium field ‘will be world class’
AS baseball at all levels continues to take centre stage in the country, the timeline for completion of the much maligned Andre Rodgers National Baseball Stadium faces another possible delay.
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Team Bahamas 4th at the Caribbean Amateur Junior Golf Championships
TEAM Bahamas fell short of their goal of getting into the top three with a fourth-place finish at the Caribbean Amateur Junior Golf Championships in Humacao, Puerto Rico.
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STATESIDE: Flip side of abortion ruling could throw Democrats a lifeline
YOU may revere him. You may revile him. You may just yearn for his disappearance from American public life. But to deny that ex-President Donald Trump was uncannily wise at anticipating emotionally-charged socio-political trends in the thinking of voters in the US is to overlook an important aspect of recent American political life.
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‘No bang for the buck’: Insurer eases off motor
A Bahamian insurer says it is “shying away” from providing third-party motor coverage because “the bang for the buck is not worth it” when returns are weighed against potential losses.
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The Marxist Leninist neighbour
The month of June saw an uptick in the number of Cuban migrants being apprehended by Defence Force and US Coast Guard personnel.