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Capital demand may strain $120m market
A leading investment banker yesterday warned that the increasing competition for capital involving both the Government and private sector could leave some deals “unfunded” over the next 18 months.
WE ARE THE CHAMPIONS: Sunland Lutheran Stingers win title in high school classic showdown
In a classic showdown in the future of competitive high school basketball in Grand Bahama, the Sunland Lutheran Stingers knocked off the Tabernacle Baptist Falcons 55-51 to take the senior boys’ title.
Gov’t predicts national debt’s peak at $11.2bn
The Bahamas’ national debt is forecast to peak at $11.2bn in the 2023-2024 fiscal year, it was revealed last night, and return to the legally-required 50 percent of GDP threshold by the next decade.
Employment won’t return to pre-Dorian levels until 2025
Bahamian employment will not fully recover to pre-COVID and Dorian levels until 2025, marking a six-year stretch where the economy has endured elevated jobless numbers.
Bank governor eases 2022 growth forecast
The Central Bank’s governor yesterday moderated his 2022 economic growth projection to “over 5 percent” with the tourism industry not returning to pre-COVID levels in the year’s first half.
Battle of the videostar
ActivTrades
FACEBOOK’S parent company, Meta (FB), has not had a bad year. Not every company can claim to have increased its sales by 37 percent in one year. The social networks, Facebook and Instagram, as well as the messenger, Whatsapp, generated almost $118bn following $86bn in the previous year. A good $29bn of that remains as profit.
PI investor ‘pressing on’ with $3m raising
The Bahamian entrepreneur locked in a legal battle with the Government over his Crown Land lease on Paradise Island is “pressing on regardless” with efforts to raise $3m to fund his ambition.
Junior national team off to great start in pre-qualifier
The Bahamas Lawn Tennis Association’s junior national team got off to a great start on day one of the North Central American and Caribbean Pre- Qualifying World Junior Tennis Tournament yesterday in Santa Tecla, El Salvador.
December air arrivals hit 85% of pre-COVID levels
Air arrivals for December 2021 reached close to 85 percent of their pre-COVID levels, the Central Bank revealed yesterday, increasing almost four-fold compared to 2020 figures.
We’re just blips on Putin’s radar
I read that Prime Minister Philip Brave Davis and a Progressive Liberal Party (PLP) delegation will be heading to Belize to attend the CARICOM Heads of Government Thirty-Third Inter-Sessional Meeting, scheduled for March 1-2.
Credit access slumps to under 50% of GDP
Credit to the private sector continued its “long-term decline” during the COVID-19 pandemic to drop below a sum equivalent to 50 percent of GDP, Moody’s has revealed.
NAD cuts losses 70% before $130m refinance
Nassau’s airport operator has slashed annual losses by almost 70 percent ahead of its upcoming $130m debt refinancing that is due to be placed before Christmas.
Billionaire US family to buy Roberts’ hotel
A billionaire US family has been confirmed as the purchaser-in-waiting for Rupert Roberts’ Bimini Sands resort, Tribune Business can reveal.
Govt focusing on ‘hand ups, not give aways’
The deputy prime minister yesterday defended the government as “very responsive” to the poor’s needs, as it was focused on “providing a hand up” rather than “giving away money”.
Charity Golf Tourney set for May 6
THE Rotary Club of East Nassau is set for the signature events on its calendar and a major fund raiser focused on community outreach.
Central Bank eyes ‘less interference’ on property deals
THE Central Bank’s governor yesterday said he is aiming to reduce “exchange control interference” with the approvals process for real estate deals involving foreign investors.
DPM brands Opposition as 'the junk bond crew'
The deputy prime minister yesterday renewed his attack on the former Christie administration’s fiscal management, branding it the “junk bond crew” for overseeing four consecutive rating downgrades.
Ministers claim statistics prove FNM jobs strategy is effective
JOB gains highlighted in the most recent Labour Force Survey among young Bahamians and in the tourism sector, were yesterday lauded by two senior Cabinet members.
Freeport awaits $85m medical school boost
The government has given “approval in principle” to a medical school that could ultimately inject $85m in annual spending into Freeport’s economy, it was revealed yesterday.
Scarabs victorious in the sudden death playoffs
THE Akhepran International Academy Scarabs served notice yesterday that they are going after both the primary and senior boys’ basketball titles in the Bahamas Scholastic Athletic Association (BSAA).
