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Union of Central Bankers members walk off the job

MEMBERS of the Union of Central Bankers walked off the job yesterday citing unresolved grievances with management.

Inflation ‘significant’ threat to post-COVID recovery

Rising inflation poses “a very significant” threat to the speed and strength of The Bahamas’ post-COVID economic revival, a prominent economist warned yesterday, with key building material prices up by double digits.

Bahamasair sees revenues fall 84%

Bahamasair’s revenues for the ten months to end-April 2021 plunged by 84 percent year-over-year, a Cabinet minister revealed yesterday, with taxpayers set to underwrite its survival via a $60m-plus subsidy.

‘Phenomenal’ tourism pick-up - but still below 2019 levels

A Cabinet minister yesterday hailed the “phenomenal rate of increase” in stopover visitor arrivals as a sign “tourism is bouncing back” even though the industry remains more than one-third below 2019 numbers

FACE TO FACE: An independent voice on a different path within Christianity

RELIGION in The Bahamas has been dominated by Christian denominations; in fact, about 90 percent of the population ascribes to some form of Christianity. About 30 percent are Baptist, 23 percent are Pentecostal, 14 percent Catholic, 10 percent Anglican, five percent Seventh-Day Adventist, and four percent Methodist. The remainder includes various Christian and non-Christian religions like Greek Orthodox, Rastafari, Baha’i, Jehovah Witness, Muslim, Obeah and Hinduism.

Govt mulling $1m investment floor for permanent residency

The government is eyeing a $1m minimum for investors to qualify for economic permanent residency by making non-real estate investments in The Bahamas, a Cabinet minister revealed last night.

Water Corp sees cash collections decline by $6m

The Water and Sewerage Corporation continues to endure COVID-19’s “devastating impact” on cash collections which have decreased by 24 percent or nearly $6m year-to-date, its executive chairman said yesterday.

Fisheries exports enjoy 19% value increase in 2020

Bahamian fisheries generated a 19 percent increase in the value of its export earnings in 2020 despite a reduction in the volume of domestic landings, a Cabinet minister disclosed yesterday.

Kalik maker’s loss doubles as revenues decline 15%

Commonwealth Brewery yesterday blamed a 15 percent year-over-year revenue decline for its 2021 first quarter loss more than doubling in comparison to 2020 figures.

Port’s $31m refinance eliminates tariff rises

Nassau’s major cargo port says it has eliminated the possibility of any tariff rate increase by agreeing a refinancing of its near-$31m preference share debt that will slash interest costs by some $4.5m.

PM suggests expanded benefits for those fully vaccinated

PRIME Minister Dr Hubert Minnis suggested on Friday that fully vaccinated people could soon begin experiencing a variety of expanded benefits, including permission to go out at night after the 10pm curfew.

Housing Act reforms ‘invite legal challenge’

An ex-deputy prime minister yesterday warned that legal reforms to facilitate Dr Hubert Minnis’ “young professionals” real estate developments are “discriminatory” and “invite legal challenge”.

Cut public sector? Actually we hired 2,400

THE Minnis administration, which came to power promising to right-size the civil service after the Christie administration hired scores of people, has made at least 2,402 people permanent members of the civil service and has promoted more than 1,600 people throughout government since taking office.

Cruise port chief eyes health visa efficiency gains

Nassau Cruise Port’s top executive says “there is an opportunity to create greater efficiencies” with the COVID-19 related health questionnaires and documents that cruise passengers must complete.

Collegiate Baseball magazine names Stuart Freshman All-American

DAUNTE Stuart received another postseason accolade for his freshman season of milestones with the Northwestern State Demons Baseball programme.

‘Win for common sense and sanity’

The Grand Lucayan’s chairman yesterday hailed a Supreme Court verdict dismissing wrongful/unfair dismissal claims by 36 current and former managers as “a victory for common sense and sanity”.

Black Lives Matter ‘hypocrites’

American political writer Kenneth R Timmerman claimed in his hard-hitting exposé of Rainbow PUSH Coalition founder and African American civil rights activist Jesse Jackson, Sr, that Booker T Washington forewarned that there will come a time when hucksters will seek to enrich themselves at the expense of the Negro population.

The Tribune

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