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Gov’t pledges law change over its $233m borrowing
The Government has promised to change the law to facilitate its “use” of $233m in International Monetary Fund special drawing rights (SDRs) that have for the past 16 months boosted The Bahamas’ foreign reserves.
Minister urges gas retailers not to rush to lay off staff
LABOUR Minister Keith Bell yesterday urged gas retailers to exercise restraint and “not to be swift to any sort of action” amid warnings about potential layoffs in the sector as costs rise.
Towing prices up – but businesses say it stops job cuts
TOWING businesses said although the recent price rise in towing services may deter some customers, it ultimately benefits business by preventing downsizing of staff.
Minister: No ‘sweeping lay-offs’ from minimum wage increase
A Cabinet minister yesterday voiced confidence “there won’t be sweeping lay-offs” as a result of the 24 percent minimum wage increase despite previous warnings by petroleum retailers that they ma be forced to terminate staff.
Gas stations to ‘manage’ minimum wage increase
Petroleum retailers yesterday the minimum wage increase was something they “all have to manage” as they continue to push for a change to the industry’s fixed-margin business model.
New Year expectations
Coming out of the COVID- 19 pandemic, sports took off and many of the sporting bodies were thrilled to be back in action. And as they transition to the new year, there are even more exciting expectations for the new year.
Canary in a coal mine
ALARMING GLOBAL FALL IN SPERM NUMBERS
IN THE 1900s, British coal miners were exposed to carbon monoxide and other lethal toxic gases. John Scott Haldane and his research on carbon monoxide would in that age provide a solution of using canaries, as early indicators of trouble prompting the miners to evacuate.
A massive U-turn in China
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Having maintained a strict zero- COVID policy for almost three years, the Chinese government had become a prisoner of it. The strategy was designed to address the low vaccination rates of the elderly population (80 million people aged 80+ years are not vaccinated and 44% of the population did not receive the third dose, this percentage rising to 60% among people aged 80+ years). And, although studies in Hong Kong comparing CoronaVac with BioNTech’s vaccine have not been conclusive, the Chinese government did not seem to have much confidence in the degree of immunity provided by their own vaccines.
PM priorities include jobs, youth and inflation
THE government’s top priorities for this year will include tackling inflation, creating more job opportunities for Bahamians and fostering youth empowerment, Prime Minister Phillip Davis said yesterday.
UPDATED: Couple shot dead in their sleep
Two men are being questioned by police after a man and woman were shot dead in their sleep early on Monday morning.
One Family wins parades back-to-back
ONE Family emerged as the unofficial winner of the New Year’s Day Junkanoo Parade, kicking off the new year with back-to-back wins after rushing to victory just days earlier on Boxing Day.
C I Gibson Rattlers win senior boys’ title
It went right down to the wire as the CI Gibson Rattlers prevailed with the senior boys’ title over the Jordan Prince Williams Falcons in a nail-biting championship game that brought the curtain down on the Providence Storm Basketball Club’s 2022 Holiday Classic at the CI Gibson Gymnasium.
Jordan Prince Williams Falcons Jr Boys’ champions
JORDAN Prince Williams Falcons pulled off an impressive 54-19 victory over St John’s Giants to win the junior boys’ title in the Providence Storm Holiday Classic at the CI Gibson Gymnasium on Friday.
Tapping into loan ‘like printing money’
OPPOSITION leader Michael Pintard has warned of “grave concern” over the government tapping into $232m International Monetary Fund (IMF) special drawing rights (SDR), warning of the “equivalent of printing money”.
Call to digitise NIB and raise age of retirement
THE National Insurance Board (NIB) must be digitised and the age of retirement raised to save the fund from collapse, a top insurance executive has warned.
PROVIDENCE STORM BASKETBALL HOLIDAY CLASSIC: Championship Day
The Providence Storm Basketball Club’s 2022 Holiday Classic will come down to one final day of competition today when the champions will be decided in the senior boys and girls and junior girls divisions at the CI Gibson Gymnasium.
‘GREATEST OF ALL TIME’: SPORTS STAR AND CULTURAL ICON PELÉ DIES AT 82
SAO PAULO (AP) — Pelé will be famous for 15 centuries.
STATESIDE – Halfway through his first term: Biden and the immigration issue
US President Joe Biden is halfway through his first term in the nation’s top job. After an initial boost in favourable poll ratings and with TV and other media pundits, Biden began to slip, until earlier this year he achieved a dubious distinction when he sank “under water” with less than 50 percent approval ratings in the polls. Oddly, Donald Trump and “his” Supreme Court have rescued Biden twice.
‘High hopes’ of increase in margins for gas dealers
THE vice president of the Bahamas Petroleum Dealers Association said he has “high hopes” that the government will address the issue of the long-awaited margin increase.
Christmas sales back to 2019 levels, say retailers
Retailers are back on par for 2019 with Christmas sales as they look forward to a robust 2023.
