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Insurer’s $5m payout to boost equity return
A Bahamian insurer will “significantly reduce our cost of capital” by redeeming $5m in preference shares as it awaits regulatory approval to acquire an agency owned by one of its main shareholders.
Financial services shed nearly 160 jobs in 2020
The Bahamian financial services industry shed almost 160 jobs in 2020, a Central Bank report has revealed, with the banking sector suffering multi-billion dollar declines in “balance sheet” and “fiduciary” assets.
‘It’s bouncing back with a vengeance’
Tourism was yesterday said to be “bouncing back with a vengeance” with 13,000 cruise visitors expected in the week before Independence and Nassau’s mega resorts reporting occupancies of up to 90 percent.
Ayton and Suns one win from NBA Finals
BAHAMIAN DeAndre Ayton and his Phoenix Suns are now in the driver’s seat of the National Basketball Association’s Western Conference Finals.
DIANE PHILLIPS: A Rose that will always bloom
THERE are photographers and then there was Roland Rose.
‘Greater resolve’ to eliminate Bahamas in financial services
A former prime minister yesterday warned that COVID-19 has “only strengthened the resolve” of major nations to eliminate the competitive threat posed by The Bahamas and other Caribbean countries.
Ayton leads Suns with 18 in loss to Clippers
LOS ANGELES (AP) — Paul George scored 27 points and the Los Angeles Clippers pulled away in a dominant third quarter, beating newly returned Chris Paul and the Phoenix Suns 106-92 last night in Game 3 of the Western Conference finals.
FRONT PORCH: States and citizens playing Russian Roulette with COVID
The Bahamas is making progress in the uptake of SARS-COV-2 vaccines by Bahamians. The uptake is consistent and steady. Yet, it is not as good as it can be nor as good as other jurisdictions where citizens are taking vaccinations at a quicker and eager pace.
‘Get creative’ over govt debt aversion
The government was yesterday urged to “become more creative” in the Bahamian debt markets as traditional purchasers of its bonds increasingly reject long-term paper due to the mounting fiscal crisis.
Minister’s cargo hub plans for GB airport
Establishing the city of Freeport as an air cargo transshipment hub could generate the extra income required to make its rebuild attractive to private capital and operators/developers, a Cabinet minister said yesterday.
FIBA Women’s EuroBasket: Jones and her team eliminated
GRAND Bahamian Jonquel Jones had another terrific game, but it wasn’t enough as Bosnia and Herzegovina ended their run at the FIBA Women’s EuroBasket in the quarterfinals on Tuesday in Strasbourg, France.
Oil opponents bid to end legal roadblock
Oil exploration opponents have offered to pay $100,000 to the former Bahamas Petroleum Company’s (BPC) attorneys, and narrow the scope of their Judicial Review, in a bid to remove all legal roadblocks.
Deandre Ayton soars for last second alley-oop, Suns top Clippers to take 2-0 lead in West finals
PHOENIX (AP) — Deandre Ayton jammed an alley-oop pass from Jae Crowder with 0.7 seconds left, giving the Phoenix Suns a thrilling 104-103 win over the Los Angeles Clippers last night in Game 2 of the Western Conference finals.
Now Wells hopes herd immunity by August
MINISTER of Health Renward Wells says the government hopes the country achieves herd immunity against COVID-19 by August.
PM hails $350m Shipyard move
The prime minister yesterday said the government is working on “a new partnership agreement” with the Grand Bahama Shipyard’s cruise line owners as he hailed their $350m investment in two new dry docks.
‘Do or die’: Jones has another double double
Grand Bahamian Jonquel Jones posted another double-double to help Bosnia and Herzegovina win their first playoff game to stay alive in the FIBA Women’s EuroBasket Championships.
BREA chief: Do ‘admirable thing’ for existing deals
The Bahamas Real Estate Association’s (BREA) president says it will be “the admirable thing to do” for the government to “honour” current VAT rates on high-end deals agreed before the budget’s unveiling.
Junior golfers take home national amateur titles
HEATHCLIFF Kane and Anne Fernandez emerged as the Bahamas Golf Federation’s 2021 National Amateur Golf Championships’ male and female champions.
STATESIDE: Showdown in Switzerland but the real challenge is elsewhere
Didn’t it all feel like the run up to a heavyweight boxing match or even the titanic showdown between two powerhouse American football teams?
PI beach access closed for $250m condo-hotel plan
The Ocean Club’s owner last night said it had closed a popular access route to Paradise Island’s Cabbage Beach out of “safety concerns” as it prepares to begin construction on a $250m condominium-hotel project.
