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Governor trims Bahamas GDP growth to ‘3% range’
The Central Bank’s governor yesterday again trimmed his 2023 economic growth forecast to “the 3 percent range” as he warned The Bahamas is poised to next year “resettle” back into low expansion rates.
Central Bank reviews $250m investment currency reforms
The Central Bank’s governor yesterday foreshadowed reforms to protect Bahamian retail investors from potential “headwinds” in an overseas investments market that is this year on track to exceed 2022’s $250m outflow.
More hotel rooms key to beyond COVID recovery
The Bahamas must increase its supply of hotel rooms and cruise passenger spending to maintain tourism’s growth pace beyond 2023 with industry earnings now “more than recovered” from COVID’s devastation.
Soaring BPL costs delay inflation ease
Bahamians will have to wait for Bahamas Power & Light’s (BPL) soaring energy bills to ease before “the moderation of inflation starts to look more like” other countries, the Central Bank’s governor warned yesterday.
More needed to stop ‘epidemic of sexual abuse against children’
THE Bahamas is experiencing an “epidemic of sexual abuse against children in our country,” Rise Bahamas claimed yesterday. Government, they said, was not doing enough to address the problem.
Reid and Pastors defeat Politicians 32-29
It was one of those moments that organiser Apostle Carlos Reid said every basketball player only dreams about.
Domnick Bridgewater and ‘Kino’ Burrows post big game
BEFORE they head off for their national team duties for the Pre-Olympic Qualifying Tournament, guard Domnick Bridgewater and centre Jaraun ‘Kino’ Burrows left their mark on the Bahamas Basketball Federqtion’s Summer of Thunder Tournament.
Fidelity targets $80m loan delinquents for bankruptcy
Fidelity Bank (Bahamas) will “aggressively” pursue delinquent borrowers responsible for $80m in collective consumer loan write-offs via personal bankruptcy judgments, asset seizures and taking liens over their wages.
‘Beyond dispute’: But marinas demand proof
The Ministry of Finance’s top official yesterday asserted it was “beyond dispute” that boating fees due to the Government had not been paid amid demands from the marina industry to “show us the evidence”.
Minnis: BPL chief says we’re right over Wartsila
Dr Hubert Minnis says Bahamas Power & Light’s (BPL) chief executive has vindicated his administration’s $90m Wartsila investment as he queried whether the utility is increasingly reliant on rental generation once again.
Deltec to ‘vigorously’ fight new FTX lawsuit
A Bahamian bank and its chairman yesterday denied fresh allegations that they knowingly aided and abetted the multi-billion dollar FTX fraud prior to the crypto exchange’s November 2022 implosion.
Enact anti-corruption legislation, FNM Says
FREE National Movement leader Michael Pintard said the Davis administration should enact a suite of anti-corruption legislation, including a Public Anti-Corruption Act, a Public Officials Code of Conduct Act and an Integrity Commissions Act.
AG hopes lower courts follow court of appeal on denying bail
ATTORNEY General Ryan Pinder said the Court of Appeal has established the framework for denying bail to some people accused of serious crimes, and he hopes the lower courts begin to follow suit.
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.
Bahamas’ mixed relay team breaks national record for the second straight time
THE Bahamas’ four-member team of Lamar Taylor, Davanta Carey, Rhanishka Gibbs and Zaylie-Elizabeth Thompson closed out competition at the FINA World Aquatics Championships in the mixed 4 x 100 metre relay with a 27th place overall in Fukuoka, Japan.
Billie Jean King Cup: Team Bahamas relegated to Group III
AFTER competing against the Pool B teams at the Billie Jean King Cup (BJKC) in Santo Domingo, Dominican Republic, Team Bahamas was relegated to the Americas Group lll.
Gov’t set to make VAT-free initiative ‘more meaningful’
The Ministry of Finance’s top official yesterday revealed the Government is seeking to “tweak” this year’s Back to School ‘VAT-free holiday’ to provide merchants and consumers with “more meaningful benefits”.
Governance reformers call for more transparency focus
Governance reformers yesterday urged the Government to improve The Bahamas’ anti-corruption standing by prioritising and speeding-up reforms to promote transparency after it was accused of “stalling” on several measures.
Central Bank: ‘Stay alert’ on credit card fraud rise
The Central Bank is urging Bahamians “to stay alert” due to an increase in credit card fraud incidents.
Demolition of derelict buildings downtown to resume
THE DEMOLITION of derelict buildings downtown will soon resume, Senator Randy Rolle announced in the Senate on Friday.
