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Bank stability at 7-year high on $400m profits
The Bahamian commercial banking sector’s stability hit a seven-year high in 2022, the industry’s regulator has revealed, as combined profits soared nearly 59 percent to just shy of $400m.
Reforms to boost financial services industry flexibility
Reforms to two key corporate products will boost the Bahamian financial services industry’s competitiveness by enabling it to provide more flexible structures to clients, the Attorney General has charged.
Temperature rise poses additional threat to sensitive coral reefs
CLIMATE change is causing heat that threatens the existence of coral reefs in the Bahamas.
$700m external loan goal ‘looking very favourable’
The Government’s bid to raise almost one-third of its near-$2.2bn gross financing needs for the 2023-2024 fiscal year from external banks is “looking very favourable”, a senior official revealed yesterday.
INSIGHT: Sound policy decisions over soundbites to tackle crime
A RECENT spate of shocking crimes – including sex attacks against elderly women – has prompted some familiar talk. We must be tougher on crime, tougher on criminals. Perhaps so – but in our reaction, we appear to be falling into an old trap of seeking to carry out action, any action, without regard to whether or not it really works.
Andros Chickcharnies take home gold in golf
Grand Bahama Lucayans secure silver, NP Buccaneers win bronze
THE Chickcharnies will carry the sixth Bahamas Games team gold medal home to Andros.
Navigators, Adventurers claim their gold medals
THE Exuma and Ragged Island Navigators along with the Eleuthera Adventurers brought gold to the Family Islands after winning the basketball segment of the Bahamas Games.
GB Humane Society urges pet owners to keep their animals cool and safe from summer heat
Tip Burrows, executive director of the Humane Society of Grand Bahama, is urging pet owners to keep their animals cool and safe during the hot summer months.
EDITORIAL: BPL blame game needs to stop - solution needed
IT WAS one of the founding fathers of the US, Benjamin Franklin, who famously wrote that “in this world nothing can be said to be certain, except death and taxes”. In The Bahamas, we are tempted to say that you can add BPL outages to that.
Munroe expects 90 per cent decrease in outpatient care when prison facility built
NATIONAL Security Minister Wayne Munroe said the Public Hospital Authority does not like prisoners receiving care at Princess Margaret Hospital –– one reason medical facilities will be built at the Department of Corrections.
Andros Chickcharnies in the lead after day 2
Bahamas Games golf tournament at Ocean Club on Paradise Island
THE Andros Chickcharnies are still holding onto the lead after two days of competition in the 6th Bahamas Games golf tournament at the Ocean Club on Paradise Island.
Junior golfers return home from 35th CAJGC with 5th place finish
THE Bahamas’ 14-member team returned home from the 35th Caribbean Amateur Junior Golf Championships (CAJGC) in the Cayman Islands with a fifth place, but it was an experience that manager Gina Gonzalez-Rolle feels they will never forget.
STATESIDE: Is Russian conflict the real reason for hesitancy to admit Ukraine to NATO?
The just-concluded NATO summit meeting in Vilnius, Lithuania, was at the same time somewhat anticlimactic and newsworthy. Membership issues dominated on both sides of this. And these are really important as the West drifts ever closer to an open shooting war with Russia.
Contaminated oil a new blow to Andros power
A CONTAMINATED supply of fuel led to a new shutdown of a power unit in Andros as restoration efforts continued following the fire that severely damaged BPL’s North Andros Power Station last week.
North Andros Power plant repairs cost $600k, as restoration continues
WORKS and Utilities Minister Alfred Sears said the cost of restoring power to North Andros after last week’s catastrophic fire at Bahamas Power & Light’s Nicholl’s Town plant is about $600k.
WSC lays out its $200m plan
THE Water and Sewerage Corporation (WSC) outlined key parts of its $200m capital works plan with major works around the country.
BTVI students told: You have the power
The Bahamas Technical and Vocational Institute (BTVI) held its Summer 2023 Commencement ceremony last week and recognized students from various disciplines on their stellar performance.
WORLD VIEW – Oceans: Do Caribbean countries sink or swim?
THE peoples of small island states and coastal communities have long relied on the ocean for a multitude of benefits, including recreation, the delivery of goods and tourists, and a vital source of food through fishing. However, all these benefits, and much more, are currently under grave threat due to climate change, global warming, and sea-level rise. The damage is already taking its toll, imperceptibly but steadily, and it is crucial that we take action to preserve and develop the economic opportunities that the sea around us holds.
Load shedding continues while BPL works to restore generation in North Andros
A WEEK after a catastrophic fire damaged Bahamas Power & Light’s facilities in North Andros, electricity has not been fully restored on the island.
Atlantis braces for $14m hit from BPL’s fuel hike
Atlantis is predicting it will take a $14m hit this year from Bahamas Power & Light’s (BPL) hiked fuel charges but remains hopeful this will be minimised by higher visitor spend and room rates.
