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‘Right church, wrong pew’ over second GB marina
A Grand Bahama investor yesterday said he has yet to receive a satisfactory offer for his second marina asset, revealing: “They’re in the right church, but sat in the wrong pew.”
Hilton could reopen in two months
TOURISM, Investments and Aviation Minister Chester Cooper says the British Colonial Hilton has attracted a major international brand to support the property since announcing its closure earlier this year.
‘Abaco is in great need’
AN Abaco pastor says there is a great need for social assistance on the island as people struggle to feed themselves amid increased food costs due to inflation.
DPM optimistic Hilton’s closure only two months
The deputy prime minister yesterday voiced optimism that downtown Nassau’s British Colonial resort may only be closed for two months until a new brand partner is found to replace Hilton.
BTC: No contract worker termination over COVID policy
The Bahamas Telecommunications Company’s (BTC) chief executive has denied that any contract workers have been terminated with “over 90 percent” complying with its COVID policies.
Securities sales
The performance of The Central Bank sale of Securities recently is exceptionally significant not because the securities were over-subscribed but only 25% of a $34m offer caught interest of those who purchase.
Expectations loom large for infielder Daunte Stuart
FOLLOWING a breakout campaign as a sophomore, expectations loom large for Daunte Stuart headed into the upcoming 2022 campaign as one of the top players in the Southland Conference.
Romad Dean on the rise in OSBA
ROMAD Dean continues his series of impressive performances in the second half of the Ontario Scholastic Basketball Association season.
Travis Munnings eliminated from Eurocup qualifier contention
TRAVIS Munnings and Sporting Lisboa Benfica have been eliminated from FIBA EuroCup playoff contention but remain strong contenders locally in Portugal’s Liga Portuguesa de Basquetebol (LPB).
BOB chief: ‘Formula we don’t really want’
Bank of The Bahamas’ managing director says a shrinking loan book, combined with rising deposits and cash, is “a formula you don’t really want” for sustained long-term profitability.
PM denies union’s Cable pre-election pledge fears
A trade union leader yesterday voiced doubts that the Prime Minister will live up “a pre-election commitment” to bring BISX-listed Cable Bahamas to the negotiating table.
Build, build, build, stop!
ActivTrades
ERNEST Hemingway once wrote that bankruptcies happen gradually, and then suddenly. Such words seem appropriate to describe the fate of Evergrande, one of China’s largest real estate developers, which appears set to default on debt interest repayments.
Ten more victims on COVID toll
THE Ministry of Health and Wellness reported 10 new COVID-19 deaths over the weekend, three of which were previously classified as deaths under investigation.
The latest ‘armed robber’ generation
READINESS, response and recovery cannot be left to chance. The delivery of a comprehensive security protection programme demands planning, co-ordinated implementation and consistent oversight.
Oil explorer relegates Bahamas to ‘non-core’
AN OIL explorer has downgraded The Bahamas to a “non-core” jurisdiction and closed its office in this nation after its first exploratory well failed to strike commercial quantities of ‘black gold’.
Jonquel Jones leads BIH to FIBA World Cup qualification
JONQUEL Jones was a one-woman wrecking crew en route to leading her Bosnia and Herzegovina programme to a FIBA Women’s Basketball World Cup 2022 qualification.
Elected Freeport councillors inaugurated
NINE elected local government councillors of the City of Freeport District Council were officially inaugurated and presented their certificates on Wednesday evening on Grand Bahama.
Price controls useless to fight ‘staggering’ inflation
Price controls will “do nothing” and prove useless against the “staggering” cost increases facing all Bahamians after US inflation yesterday surged to a 40-year high, a businessman is warning.
Bahamas needs ‘total energy transformation’
The Bahamas’ requires “nothing short of a total energy sector transformation” to revive its economy post-COVID but faces massive “barriers” to achieving this, a multilateral lender has warned.
IDB’s 37% digital woe ‘totally different’ now
A digital payments provider yesterday said a survey that found 37 percent of Bahamian firms have challenges accessing electronic payments would have “a totally different result” if done today.