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National debt up $458m despite ratios declining
The post-COVID economic revival dropped The Bahamas’ debt-to-GDP ratio to 85 percent at end-June despite the national debt increasing by $457.5m over the prior 12 months to $11.645bn.
Pintard: URCA must explain BPL 163% fuel hike approval
The Opposition’s leader yesterday renewed calls for regulators to explain why Bahamas Power & Light (BPL) had “made the case” for an up to 163 percent hike in its fuel charge amid concerns they failed in their duty to protect consumers.
Lodge owner in blast at ‘deplorable’ utility crisis
An ex-Bahamas Out Island Promotion Board president yesterday made an impassioned plea to address Mangrove Cay’s “deplorable” utility crisis which forced her to relocate to Nassau to handle bookings for the upcoming fishing season.
Investigation into Cuban teachers' English speaking ability to be completed by end of week says Ministry of Education
ACTING Director of Education Dominique McCartney-Russell said the investigation into whether some recently hired Cuban teachers speak English well enough to educate students will be completed by the end of the week.
Exuma project pledging 300 jobs back on track
A $262m Exuma resort project, which is pledging to create 300 full-time jobs once build-out is complete, appears to be moving forward again with a public hearing on its environmental plans set for October 2023.
Jonquel Jones and Liberty get set to face Mystics
Jonquel Jones and the New York Liberty wrapped up one of their best regular seasons in franchise history and will now battle against the seventh-seeded Washington Mystics tonight to start their postseason run.
Containment booms around sunken Potter’s Cay vessel
The port authorities have placed containment booms around a sunken vessel at Potter’s Cay dock to contain any potential oil spill as they wait on its owner to remove it.
Atlantis moves to boost staff career development
Dozens of colleges and universities descended upon Atlantis yesterday as the mega resort hosted its first career development fair in a bid to help employees further their education and personal development.
Digital assets summit aims to ‘rebuild trust’
Organisers of a major digital assets conference that will be held in The Bahamas next month yesterday said the event will seek to “rebuild trust” in crypto exchanges and the industry generally following FTX’s implosion.
STATESIDE: Major political science study says race is factor that separates Dems from GOP
MANY Americans who are also parents of college-aged kids will often wonder out loud to each other that their children will describe a friend (or even a love interest) without adding as one of the adjectives the colour of their skin.
Abaco ‘brimming with opportunities’ for businesses as island sees revival
FOUR years after the devastating impact of Hurricane Dorian, Abaco is emerging as a thriving hub of economic activity, with businesses now being encouraged to capitalise on this opportunity by investing in the island and providing key services as it undergoes a remarkable revival.
Botswana President speaks to high school and college students about preserving democracy
BOTSWANA President Dr Mokgweetsi EK Masisi lectured high school and university students yesterday on the importance of protecting democracy, telling them that as future leaders, they should demand constitutional term limits, separation of powers, free and fair elections, and an independent press.
‘We’ve learned from the different inquests’ says Commissioner of Police
POLICE Commissioner Clayton Fernander said the Royal Bahamas Police Force is learning from Coroner’s Court inquests that produce adverse findings for officers.
‘Happy to be rid’ of ex-Robin Hood site
Compass Point’s last owner is voicing optimism that the sale of the former Robin Hood store on Prince Charles Drive will close before year-end after the property was plagued by vandalism, vagrants and copper theft.
ArawakX suspension extended to Monday
The Bahamas’ first-ever crowd funding platform yesterday saw its registration suspension extended until September 18 as it pleaded for more time to address Securities Commission concerns over its solvency.
‘Tremendous pressure’: FNM fears for $131m deficit target
The Opposition yesterday voiced fears that the potential $160m VAT under-shoot in the prior fiscal year puts the Government’s 2023-2024 revenue forecast “at risk” and leaves its $131m deficit target under “tremendous pressure”.
URCA ‘monitors’ but offers no relief from energy hikes
Regulators yesterday sought to reassure Bahamian households and businesses they are “monitoring” Bahamas Power & Light’s (BPL) sky-high bills but made no mention of any immediate relief from “compound billing’s” impact.
Bahamas First blames 50% of $4.3m loss on new rules
Bahamas First’s top executive has blamed more than 50 percent of the group’s $4.3m comprehensive loss for the 2023 first half on a major change to insurance industry accounting standards.
SAILING CHAMPIONS: Paul de Souza and Craig Ferguson II claim first place at 2023 Bahamas ILCA Nationals
Paul de Souza and Craig Ferguson ll emerged as champions at the combined 2023 Bahamas Open International Laser Class Association (ILCA) Nationals this past weekend.
