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Petroleum dealers ‘won’t force Govt’s hand’ despite $100 oil
Bahamian petroleum retailers yesterday conceded their margin woes “cannot easily be fixed overnight” and promised “not to force the Government’s hand” with oil prices currently on track to reach $100 per barrel.
PM unveils $500m climate finance plan
The Prime Minister yesterday unveiled ambitions for The Bahamas to raise $500m to bolster its resiliency, and sustainability, against negative climate change impacts in partnership with Resilience Capital Ventures.
‘Room for improvement’: Trade deficit expands 28% to $1.09bn
The Bahamas Trade Commission’s chairman yesterday said “there’s a lot of room for improvement” after this nation’s trade deficit expanded by almost $184m or 28 percent year-over-year to hit $847m in the 2023 second quarter.
ArawakX hit by claim of ‘criminal infraction’
The Bahamas’ first-ever crowd-funding platform has a solvency deficiency of “at least $2.4m”, regulators charged yesterday, while accusing it of “governance irregularities, regulatory breaches and possible criminal infractions”.
Minister hoping construction on New Providence hospital will start next year
HEALTH and Wellness Minister Dr Michael Darville hopes construction on a new New Providence hospital will begin early next year, noting there are three potential candidates to finance the $290m project.
BAHAMAS LADIES ON ‘ROAD TO GOLD CUP’: Women’s national soccer team to host Grenada tomorrow
For the first time in about three decades, the Bahamas senior women’s national soccer team will get a chance to compete on the international stage just like their male counterparts.
UB cross country teams show ‘great improvement’
THE University of The Bahamas cross country teams had to fight through a thunderstorm weather delay to have several improved individual performances at the Keiser University Flagship Invitational at the Okeeheelee Park in West Palm Beach.
Jazz Chisholm Foundation Little League to start this Saturday
BAHAMIAN Major League Baseball (MLB) star Jasrado “Jazz” Chisholm Jr and his foundation will begin the Jazz Chisholm Foundation Little League starting next Saturday.
Doctors secures $25m as it ‘refines’ equity offering
Doctors Hospital has secured $25m from Royal Bank of Canada (RBC) to finance its continued expansion as it works to “refine” its upcoming equity capital raise by “prioritising” three target investor groups.
PM sounds alarm on EU blacklist's insurance hit
The Prime Minister has joined insurers in sounding the alarm that remittances from European reinsurers on could be "reduced by at least 25 percent" if The Bahamas remains on the continent's tax blacklist.
‘Very credible’ Freeport city manager emerges
A “very credible” candidate to take over Freeport’s management is said to have met with both government and Grand Bahama Port Authority (GBPA) ownership as the idea of the latter devolving its quasi-governmental powers gains traction.
Police quiz more in DRA investigation
POLICE officers from New Providence visited Grand Bahama last week to interview a number of Disaster Reconstruction Authority employees as part of a criminal investigation.
‘JAZZ’ HITS GRAND SLAM FOR SECOND STRAIGHT GAME: Chisholm Jr and Marlins rout Braves 16-2, sweep series
MIAMI (AP) — Jasrado “Jazz” Chisholm Jr hit a grand slam for the second consecutive game and the Miami Marlins routed the Atlanta Braves 16-2 yesterday to complete a three-game sweep of the NL East champions.
BOC officers elected
WHILE president Romell Knowles, secretary general Derron Donaldson and newly elected treasurer Dorian Roach went in unopposed, the remaining cast for the Bahamas Olympic Committee’s executive board was completed during the election of officers on Saturday night.
Jonquel posts double double, Liberty top Mystics 90-75 in Game 1 of WNBA playoff series
GRAND Bahamian Jonquel Jones put up a dominant double double performance to propel the New York Liberty to a game one win over the Washington Mystics.
BGDBA Playoffs: Crimestoppers tie series 1-1, Cybots win game one
THE Police Crimestoppers tied their series 1-1 with the Ministry of Youth, Sports and Culture Panthers.
Flight simulator business can restart after 4-year Pointe bar
A former tenant at The Pointe should be permitted to “reinvigorate” its business, a Supreme Court justice has ruled, after it was barred by the landlord from accessing vital equipment for almost four years.
Union: ‘Everything on table’ over BPL woes
The Bahamas Electrical Workers Union’s (BEWU) president says “everything is on the table” in resolving its members’ grievances with Bahamas Power & Light (BPL) after all requirements for taking strike action were met.
A new era of big government spending: Reshaping the American economy amid geopolitical uncertainty
ActivTrades
Over the past two years, the US has witnessed a profound shift in economic policy, marking the dawn of a new era of big government spending. This transformation is driven by a combination of factors, including President Joe Biden’s ambitious initiatives, such as the Inflation Reduction Act and the CHIP Act, which are reminiscent of the largest government spending sprees of the 1930s. These initiatives not only aim to reboot the US economy but also set a precedent for the world to follow.
Branville McCartney: Country still not accepting third party at election time
FORMER Democratic National Alliance (DNA) Leader Branville McCartney said on Friday the country is still not accepting a third political party when it comes down to election time.
