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Banks see 30% profits increase
Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.
‘Coach Yo’ and Ole Miss Lady Rebels two conference wins away from making history
GRAND Bahama native coach Yolett McPhee- McCuin and the University of Mississippi (Ole Miss) Rebels are just two wins away from earning the most Southeastern Conference victories in the programme’s history.
Moody’s backs trimmed 3% Bahamas growth projection
Moody’s yesterday backed forecasts of lower 3 percent economic growth for The Bahamas in 2023 as it noted the Government’s multi-billion refinancing plan almost totally depends on loans and guarantees from multilateral lenders.
EDITORIAL: How long to wait for a right?
AT THE start of May, a major ruling was handed down by the Privy Council on citizenship.
GBPA has not made GB better
IT IS disheartening and downright selfish for a foreign company that has been operating in the Bahamas from about 1955, and with nothing to show how it has improve the lives of Grand Bahamians, or its economy, to still want to stay hogging up all the profits, as its monopoly has become strained over decades, leaving many Bahamians to wonder about what percentages of its revenues were being exported to Europe, and now by the minute?
Undefeated Cybots beat Crimestoppers
WITH the Bahamas Government Departmental Basketball Association (BGDBA) season winding down, the undefeated Bain and Grants Town Cybots dropped the Police Crimestoppers 88-81 this past weekend.
‘Jazz’ and Marlins fall in Wild Card Series opener
PHILADELPHIA (AP) — Zack Wheeler struck out eight in a sensational effort, José Alvarado preserved the lead with a pivotal strikeout and the Philadelphia Phillies opened a resolute postseason push with a 4-1 win over the Miami Marlins in the opener of their NL Wild Card Series on Tuesday night.
Reforms to boost financial services industry flexibility
Reforms to two key corporate products will boost the Bahamian financial services industry’s competitiveness by enabling it to provide more flexible structures to clients, the Attorney General has charged.
INSIGHT: Sound policy decisions over soundbites to tackle crime
A RECENT spate of shocking crimes – including sex attacks against elderly women – has prompted some familiar talk. We must be tougher on crime, tougher on criminals. Perhaps so – but in our reaction, we appear to be falling into an old trap of seeking to carry out action, any action, without regard to whether or not it really works.
Gov’t deserves fiscal praise but should now look to IMF
The Bahamas is now three years into a recovery from the devastating effects of Hurricane Dorian and the COVID-19 pandemic, which hit the country only four months apart in 2019- 2020 and wreaked havoc on the economy.
Two-thirds say Bahamas can end cheques by ‘26
Almost two-thirds of Bahamians believe this nation could be ready for the elimination of cheque payments within the two-year deadline set by the Central Bank to review its goal.
Petroleum retailers continue Gov't talks
Bahamian petroleum retailers are pledging to pass any reduction in oil prices on to motorists as they continue "private" discussions with the Government over their calls for a margin increase.
Memphis in town for Battle 4 Atlantis
THE Memphis Tigers women’s basketball team, through their connection with Bahamian Olympic and world champion Shaunae Miller-Uibo, took advantage of their free day before the start of the Battle 4 Atlantis Tournament to host a basketball clinic for some of the local high school players.
DEMOLITION GOES ON DESPITE SHANTY FIRE: No casualties reported but cause of blaze is still being investigated
DEMOLITION of the Kool Acres community will still proceed today despite the blaze that tore through the shanty town on Saturday engulfing more than 70 homes and destroying numerous belongings and personal items.
Giants and Millionaires in NPBA win column
THE TMT Giants and the Mekaddish Millionaires pulled off the New Providence Basketball Association’s double header at the Kendal Isaacs Gymnasium on Wednesday night.
Bahamas to field its best team ever: FIBA Pre-Olympic qualifier August 14-20
With National Basketball Association’s DeAndre Ayton and Eric Gordon all committed to joining Chavano “Buddy” Hield and Kai Jones, the Bahamas is expected to field its best team for the Pre-Olympic Qualifier in Santiago de Estero, Argentina.
Sports Notes
THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.
‘Jazz’ gets a warm welcome home
JASRADO “Jazz” Chisholm Jr made his return to home soil this past weekend at the Baillou Hills Sporting Complex.
Gov’t ‘betting on ability’ to prove the IMF wrong
The Government is “betting on our ability” to hit its fiscal targets, a Cabinet minister asserted yesterday, predicting that the Opposition and other critics will “be wrong again”.
Total visitor arrivals up 30% though stopovers still trail
The Ministry of Tourism's top official yesterday said total visitor arrivals to The Bahamas are 30 percent ahead of their pre-COVID record through to end-July although stopover visitors are still trailing slightly.
