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EDITORIAL: Awards for arrests is misguided
IT is interesting to see National Security Minister Wayne Munroe leap to the defence of a Royal Bahamas Police Force scheme he previously dismissed as fake news when asked about it by The Tribune.
BPL: We’ve regained 56% of fuel cost ‘under-recovery’
Bahamas Power & Light (BPL) yesterday revealed it had regained 56 percent of its “under-recovered” fuel costs by end-August 2023 while reassuring that surging global oil prices will not derail this strategy.
‘Structural vulnerabilities’ weigh on robust growth
Standard & Poor’s (S&P) yesterday forecast Bahamian economic growth for 2024 will fall back to historical trends at 1.8 percent as it warned that such levels, together with “structural vulnerabilities”, weigh on improved credit ratings.
S&P: Austerity ‘likely’ to meet Gov’t debt targets
Standard & Poor’s (S&P) last night argued that the Government will likely struggle to meet its debt reduction targets “without material new revenues, significant cost-cutting or well above average economic growth”.
Munroe defends scheme he said was fake news
NATIONAL Security Minister Wayne Munroe defended the Royal Bahamas Police Force’s new arrest incentive system yesterday, comparing it to schemes for teachers or people who work in banks.
Revised cost of prison cut by $30-40m
THE cost of expanding the Bahamas Department of Corrections has been reduced by about 40 per cent, down from the previous $93m, according to acting Corrections Commissioner Doan Cleare.
SUPER VALUE CHIEF: FOOD COST UP 30% – Roberts reveals assessment of 15 common items
Super Value’s principal yesterday said a review of 15 commonly-bought items revealed The Bahamas sustained food inflation of around 30 percent over the past two years, adding: “The customers are re-training us.”
Team Bahamas falls 6-1 to Grenada in CONCACAF ‘Road to Gold Cup’ opener
THE Bahamas’ senior women’s national football team went down 6-1 to Grenada in game one of the Confederation of North, Central American and Caribbean Association Football (CONCACAF) Women’s Road to Gold Cup.
Govt in a cash crunch over payments - Pintard
THE FNM last night claimed that there has been a “significant number of complaints” over payment delays by the government.
ArawakX issuers await funds, investor listing
Two companies that raised equity capital through the embattled ArawakX crowd-funding platform yesterday complained that they are either still owed money or have yet to learn who their new shareholders are.
$657k ‘pipeline’ blockage kept ArawakX insolvent
The Bahamas’ first-ever crowd-funding platform was branded “no longer solvent at February 2023” by external auditors who warned that $656,500 in “pipeline” revenue could not be used to restore a “net equity” position.
Retailers ‘not easing up’ on gas margin increase
The Bahamas Petroleum Retailers Association’s (BPRA) president yesterday asserted that the industry is “not easing up” on demands for a margin increase with several dealer “unable to survive” more than another two months.
Officer faces tribunal over striking boy
ACTING Police Commissioner Leamond Deleveaux said the police officer who struck a boy in a viral video was removed from frontline policing and placed before the police tribunal yesterday.
FTX MEETING CLAIM DENIED BY PM OFFICE: US chief says founder’s father was to meet Davis - but PM was in Egypt
The Prime Minister’s Office last night refuted claims that he was due to meet Sam Bankman-Fried’s father on the day FTX imploded because he was away battling on The Bahamas’ behalf against climate change.
Jonquel, Liberty advance to WNBA playoff semifinals
WOMEN’S National Basketball Association (WNBA) player Jonquel Jones posted her second straight double double to complete the 2-0 sweep against the Washington Mystics last night.
BGDBA Playoffs: Panthers lead 2-1 in series, Cybots remain undefeated
THE Ministry of Youth, Sports and Culture (MOYSC) Panthers and Bain and Grants Town Cybots are heating up in round two of the Bahamas Government Departmental Basketball Association (BGDBA) playoffs.
Golfer Richard Gibson Jr gains valuable experience
RICHARD Gibson Jr, the Bahamas’ top ranked international amateur golfer, returned home last week after participating in the 42nd US Mid-Amateur Championships that took place at the Sleepy Hallow Country Club in Scarborough, New York.
Caribbean’s climate financing need up ‘hundreds of millions’
Caribbean governments and private companies have increased their pursuit of sustainable and climate resilient financing by hundreds of millions of dollars, a senior CIBC FirstCaribbean executive has revealed.
Stronger infrastructure key to climate resilience
Stronger climate resilient infrastructure is critical to the region's future economic prospects, according to presenters at the 2023 Caribbean Infrastructure Forum (CARIF).
Crowd-funder: From $4m to $200m in 14 months
The Bahamas’ first-ever crowd-funding platform purportedly increased in value from just $4.38m to an astonishing $201.75m in just 14 months, it was alleged yesterday, despite accounts revealing a $2.659m “deficit” at end-July 2022.
