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EDITORIAL: Twin disasters of COVID and Dorian
WE ALL knew that COVID-19 had inflicted a hammer blow to the Bahamian economy. The scale of that impact is still only now becoming clear.
Ian Winder to be new Chief Justice
IAN Winder was yesterday named as successor to Chief Justice Sir Brian Moree who officially retires on August 4. The appointment will take effect on August 5.
ECONOMY CRASHED $9.5BN FROM COVID: Full impact of crisis laid bare - including $2.4bn in lost wages
THE impact of COVID-19 on the Bahamian economy has been pegged at $9.5bn, according to a joint study by the Inter-American Development Bank (IDB) and Economic Commission for Latin America (ECLAC).
The road ahead
Within a matter of days we will be celebrating our 49th year as an Independent nation - The Commonwealth of The Bahamas. On the 10th July, 1973 the Union Jack flag was lowered for the last time in our newly minted nation. Well do I recall the momentous event at Fort Charlotte. Many of those who are about to celebrate would not have been born and, alas, countless others, would have passed on to Eternity. The Lord, however, has been merciful to us.
Bahamas Dept of Immigration
Anytime I see all of these people and the frequency numbers, I admit that it causes me to panic. As in anything, if you have a lot of children, you would have to expend more energies, shout more and discipline even more...and the coffer would have to have more in it... these were just laws of nature, you cannot do more with less, unless Father God steps in and places His Miraculous enabling hand out to you, otherwise it will not happen.
Tourist guilty over hemp
AN AMERICAN tourist was discharged by a Magistrate’s Court yesterday after being found with Indian Hemp.
Inaugural Babe Ruth Region Caribbean Championships and Invitational starts today
THE top national youth baseball programmes across the region are in the capital this weekend for the inaugural Babe Ruth Region Caribbean Championships and Invitational.
Pitchers Thomas, Fernander victorious on the mound
THE top Bahamian pitching prospects, Tahnaj Thomas and Chavez Fernander, took the mound this week in productive relief appearances in minor league baseball.
Bahamas among most exposed to Ukraine war
The Bahamas must brace for multiple economic “uncertainties” over the next 12-18 months, a governance reformer warned yesterday, after it was named among the eight Western Hemisphere states most vulnerable to the Ukraine war.
Minister discusses ‘betrayal’ claim by former commissioner
NATIONAL Security Minister Wayne Munroe has recalled his personal experiences with former commissioner Paul Rolle regarding the senior officers who were made to take accumulated vacation and later seconded to various ministries.
COVID collapse sparked rare $1.7bn ‘dual deficit’
Tourism’s “collapse” at COVID-19’s peak “exposed the fragility” of The Bahamas’ current economic model by producing rare twin goods and services trade deficits worth a combined $1.7bn.
PLP, FNM, wash, rinse and repeat
Progressive Liberal Party supporters shouldn’t put too much stock in the current stand-off between the camp of Dr Hubert Minnis and the camp of Free National Movement leader Michael Pintard.
Bail granted to pair accused of death threats
TWO MEN were granted bail yesterday on separate charges of threats of death.
Buddy: ‘We didn’t match their physicality’
NATIONAL Basketball Association player Chavano “Buddy” Hield said he couldn’t ask for more support than they got from the Bahamian public for the men’s national team matchup against the Dominican Republic.
Coach McPhee-McCuin makes her presence felt
SHE made history as the first Bahamian female to serve as a coach on the men’s national basketball team. But Grand Bahamian Yolett McPhee-McCuin has assured the females that she won’t abandon them as the team’s head coach.
Cable beats target by $50m on ‘largest ever refinancing’
Cable Bahamas yesterday revealed it beat its preference share rollover target by $50m as it hailed completion of “the biggest refinancing the market has ever seen”.
Super Value transport budget up 47% as gas prices strike
Super Value’s principal yesterday said shoppers have “cut back drastically” on luxury items to make every dollar count, while revealing the supermarket chain’s own transportation budget has soared 47 percent.
Foreign reserves stay over $3bn despite May decline
The Bahamas’ foreign currency reserves closed May 2022 above $3bn despite a $65m drop-off during the month, with the Central Bank reiterating its belief that they remain “more than adequate” to sustain the US dollar peg.
Collateral Registry hailed as a ‘tremendous move’
The Central Bank’s plan to boost small business access to financing by creating a movable Collateral Registry was yesterday hailed as “a tremendous step in the right direction” provided it is accompanied by the necessary training.
Air arrivals hit 85% of pre-COVID levels
Total air arrivals to The Bahamas rebounded to 85 percent of pre-COVID numbers during April, more than doubling prior year numbers for a period that included the peak Easter holiday weekend.
