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Tackle ‘structural inefficiency’ before capping banking fees
The Bahamas will cause more problems than it solves if it seeks to “cap” bank fees without first tackling “structural inefficiencies” in the industry, the Central Bank’s governor warned yesterday.
Governor trims growth forecast ‘closer to 4%’
The Bahamas’ stopover visitor numbers rebounded to 97 percent of pre-COVID levels in the 2023 first quarter, the Central Bank’s governor said yesterday, while slightly trimming his full-year economic growth forecast.
NIB ordered: Pay ex-chief seven years of pensions
The National Insurance Board (NIB) has been ordered to pay a former director almost seven years’ worth of pension benefts after losing a legal battle over her due retirement entitlement.
NEW PRISON COST RISES BY $50M: Changed proposal sees price more than double for correctional facility
THE Davis administration has expanded its construction plans for the Bahamas Department of Corrections, moving from just a $40m high-medium security facility to what National Security Minister Wayne Munroe said would be a $90m “correctional institution, administrative, housing and medical facility”.
Tennis ace Kevin Major Jr falls in Battle of Boca final
KEVIN Major Jr, playing in his last tourney of the month in a series of “Battle of Boca” tournaments held every weekend, fell short in the final yesterday in Boca Raton, Florida.
BYFFL hosts its largest spring football clinic
THE Bahamas Youth Flag Football League (BYFFL) hosted the spring football clinic on April 22 and 29. The clinic was opened to kids ages 6-17.
BTC makes its presence felt on Exuma at National Family Island Regatta
BTC officially kicked off its support of the National Family Island Regatta with a $10,000 sponsorship of Exuma’s 67th regatta held April 18-22 in George Town.
INSIGHT – A JOURNALIST’S VIEW OF INDIA: Emerging technological powerhouse struggles with pollution and poverty
FROM its rich history to its colourful heritage and diverse culture, India has a lot to offer. It was a fact that I became increasingly aware of each day during my visit to the country last month.
THE KDK REPORT: Overcoming the obstacles of sickness and injuries
ALONG the double-stranded DNA helix, and coiled chain of anti-parallel genetic code, lies the biological information necessary for the survival of our species.
Downtown ‘catalyst’ beats goal by $11m
The Nassau Cruise Port’s overhaul is “already serving as a catalyst” for fresh investment in downtown, its top executive has asserted, after its recent bond refinancing was oversubscribed by almost $11m to hit $145m.
Housing ‘crisis’ threatens to strangle Family Islands
The growing “crisis” sparked by a lack of affordable employee housing is threatening to impose a “stranglehold” on Family Island growth prospects, business and tourism leaders are warning.
Gov’t borrowing limits ‘smoke and mirrors’
The Opposition’s finance spokesman has branded the tightened restrictions on Central Bank lending to the Government as “smoke and mirrors” designed to distract attention from the IMF SDRs controversy.
Finlayson fears of ‘ruin’ don’t sway Appeal Court
Fears by Sir Garet ‘Tiger’ Finlayson, and his son, Mark, that they will “be potentially ruined” should a $2.743m judgment be enforced against them have failed to sway the Court of Appeal.
Uriah McPhee seals the win at primary school championships
URIAH McPhee emerged from the fold to secure the win at the New Providence Primary Public Schools Sports Association (NPPPSSA) track and field championships last week Friday.
Taxi chief backs conduct code to eliminate all ‘undesirables’
The Bahamas Taxi Cab Union’s (BTCU) president has backed the proposed new “code of conduct” for drivers as a way to remove an “influx of undesirables” from the industry.
Pay TV subscribers in lowest fall for six years
Pay-TV subscribers suffered their lowest annual decrease for six years in 2022 with all other communications segments reporting a modest increase in consumer numbers, sector regulators have revealed.
Improved lending, business climate vital on bank fees
The Central Bank's governor says an improved lending climate and reducing the costs of doing business are critical to lowering the commercial bank fees hated by many Bahamians.
PM to attend Coronation Service of King Charles III
The Office of the Prime Minister announced that Prime Minister Philip ‘Brave’ Davis would be departing today (Saturday) and joining leaders from around the world to attend the Coronation of His Majesty King Charles III.
DIANE PHILLIPS: Yella, the king of the queen conch
THEY call him ‘Yella’, though not even he remembers why. Someone just did, and it stuck.
Baha Mar teases Melia plan as volumes up 20%
Baha Mar’s president yesterday hailed an “extraordinary first quarter” and “record March”, with 2023 business volumes up 20 percent year-over-year, as he revealed plans to redevelop the still-closed Melia resort will be unveiled imminently.
