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Electric car dealer eyes eventual IPO
A Bahamian electric car dealer will likely seek to go public within the next five to seven years if planned expansion targets are hit, its new 35 percent minority shareholder revealed yesterday.
‘Serious predicament’ with low lobster price
Family Island fishermen were yesterday said to be facing a “serious predicament” with margins squeezed by low lobster prices and high fuel costs.
Health premiums drop $15m on COVID travel cover end
Bahamian health insurers suffered a near-$15m year-over-year decline in group premiums last year due to the Government ending COVID-19 protection plan for visitors.
‘Gun only seen after police taped off area’
A WOMAN testified in the Coroner’s Court yesterday that footage capturing the aftermath of Deangelo Evans’ police-involved killing in 2018 was erased after police confiscated her phone, but that she later retrieved the video with the help of Evans’ father.
World Athletics Relays 2024: From Paradise to Paris
The Bahamas will host the World Athletics Relays for the fourth time in 2024. The two-day event will get underway on May 4 and wrap up on May 5 as 32 teams will vie for a chance to qualify for the 2024 Paris Olympic Games.
Sports Notes
THE #NoCeilings with Coach Yo Foundation will hold a free basketball clinic at the Basil Neymour Court in Coral Gardens, Grand Bahama, 2-5pm on August 13.
Jonquel Jones and NY Liberty continue Eastern Conference dominance
GRAND BAHAMIAN native Jonquel Jones and the New York Liberty continue to remain atop the Eastern Conference with a now 20-6 win/loss record. The team’s latest win came against the ninth-overall Los Angeles Sparks.
Abaco Chamber pressing for abandoned building tear down
Abaco’s Chamber of Commerce president yesterday warned that the business advocacy group will press the Government to tear down Dorian-devastated properties unless their owners demolish or renovate them first.
Debtors blame inflation and taxes for repayment struggle
Soaring living costs and higher taxes are increasingly being blamed by struggling borrowers for why they cannot meet their obligations, debt collection agencies disclosed yesterday.
Setting sail for the future
LJM Maritime Academy held its graduation ceremony for 70 students on Saturday.
Full scholarship for Timothy
Grand Bahama student Timothy Kemp has been awarded a full scholarship from Coca-Cola.
Glover-Rolle: Department of Social Services recommends 129 temporary workers be made permanent
STATE Public Service Minister Pia Glover-Rolle said the Department of Social Services recommended that 129 temporary workers be made permanent, 92 of whom are currently being processed.
BISX-listed firm ‘qualified’ for second straight year
A BISX-listed company’s top executive yesterday moved to reassure shareholders after auditors issued a “qualified opinion” on its annual financial results for the second consecutive year over the same issue.
Electric vehicle dealer in new HQ expansion
A Bahamian electric vehicle dealer yesterday unveiled plans to expand to “a major location” and grow its workforce after becoming the first investment for RF Bank & Trust’s newly-launched private equity fund.
‘No issues’ over Govt’s $3.5bn debt refinance
The Ministry of Finance’s top official yesterday reassured there are “no issues” over the Government’s ability to refinance some $3.466bn in debt maturing this fiscal year given its access to “credit lines”.
Inflation’s high but ‘not as frightening’
Inflation “may not be as frightening as it was a year to 18 months ago”, a governance reformer argued yesterday, despite food and beverage costs rising by almost 13 percent during the year to April 2023.
‘Major progress’ on one insurance law
Regulators say “significant progress” has been made in combining the Bahamian insurance industry’s regulatory regime into one law after the sector saw gross written premiums increase by $60m in 2022.
Sports Notes
THE #NoCeilings with Coach Yo Foundation will hold a free basketball clinic at the Basil Neymour Court in Coral Gardens, Grand Bahama, 2-5pm on August 13.
Pirates tie the game with buzzer-beater against visiting VMI team to force overtime
But Virginia Military Institute opts not to play the extra period due to slippery floor at the Kendal Isaacs Gymnasium
STEPHAN Smith canned a buzzer-beating three-pointer for the Pirates to tie their game at 98-98 against the visiting Virginia Military Institute to force overtime last night.
Tennis ace Michael Major Jr eager to get started with Howard University Bison
AFTER holding his own as one of the top junior tennis players in the region, Michael Major Jr is eager to get started at the next level as he displays his skills on the collegiate circuit.
