All results / Stories
Sort By
Date
Authors
- Everyone
- Neil Hartnell (137)
- Samora St Rose (62)
- Natario McKenzie (33)
- Eloise Poitier (10)
- Paul Turnquest (8)
- Paco Nunez (7)
- Renaldo Dorsett (7)
- Ava Turnquest (2)
- Celeste Nixon (1)
- Dana Smith (1)
More than 300 percent rise in tourism in November over previous year
THE tourism sector continued its “robust” growth in November, according to the Central Bank of The Bahamas’ monthly economic and financial developments report - with arrivals up by an astonishing 341.5 percent from 2021.
Back to school for PM as Class of '68 hands over donation
PRIME Minister Philip "Brave" Davis returned to his school days with a visit to St John's College, as the school received a donation of $160,000 on Friday from its class of 1968.
Realtor has ‘never seen such high rental rates’
A Bahamian realtor says he has “never seen such high rental rates” as now exist in some of western New Providence’s most upscale communities with demand in this segment now suppressing available-for-sale inventory.
Gas prices on the way down ‘for first quarter’
THE vice president of the Bahamas Petroleum Dealers Association said gas prices are trending downwards, something he expects to continue leading into the first quarter of the new year.
Sarkis loss ‘over $3bn’ if Baha Mar hit targets
Sarkis Izmirlian would so far have “lost more than $3bn” in potential profits alone if the Baha Mar resort from which he was ousted hit his financial projections, an analyst’s report has calculated.
Insurers: ‘Light at end of tunnel’ over taxation
Bahamian insurers yesterday voiced relief that there is “light at the end of the tunnel” after the Government said it would drop plans to move the industry to a Business Licence fee taxation regime.
Companies urged to build investor sustainability trust
A Bahamian accountant says it is vital that investors have trust in a company’s sustainability reporting in an environment where increasing emphasis is being placed on climate action.
Cable unveils its first dividend in five years
Cable Bahamas’ top executive yesterday voiced optimism that it has “set the foundation” to become a dividend-paying stock once again with the unveiling of a first capital return to shareholders for five years.
Congresswoman hopes arrest will see Bankman-Fried held accountable
UNITED States Congresswoman Maxine Waters expressed hope that former FTX CEO Sam Bankman- Fried’s arrest and arraignment will signal him being held accountable for the alleged “fraud” he committed leading to the giant crypto exchange firm’s disgraceful fall, affecting as many as one million people.
SBF deal with Deltec chief’s US bank ‘highly irregular’
FTX’s new US chief yesterday confirmed he is probing a “highly irregular” transaction with Bahamas links where Sam Bankman-Fried’s hedge fund paid an “off the charts” sum to buy into a small American bank.
Cable targets 33,000 Nassau homes for new network in Q1
CABLE Bahamas is targeting 33,000 southern New Providence homes for connection to its new fibre-to-the-home network starting in the 2023 first quarter after overcoming supply chain challenges that delayed the roll-out.
DIANE PHILLIPS: Influencer wariness
THE UNINTENTIONAL IMPACT OF THE COLLAPSE OF FTX
RONALDO, the drop-dead handsome, talented Portuguese footballer, gets $1.6 million per Instagram post, another $800,000+ per Tweet. When he vouches for dandruff-beating Clear shampoo and hair products, enough of his 443 million followers scamper to scoop up bottles off the shelves that he’s worth every penny of the funds he earns as an influencer.
Gov’ts deficit jumps $75m but below full-year run rate
The Government incurred a $75m October deficit after it was yesterday revealed that monthly spending on goods and services more than doubled to drive a 24.5 percent year-over-year recurrent spending increase.
‘Slap in the face’ on Dorian’s tax breaks
The Government was yesterday accused of delivering “a slap in the face” to Abaco and Grand Bahama by confirming that both islands’ present Dorian-related tax breaks expire today as scheduled.
FTX’s Bahamas properties caught in Chapter 11’s net
FTX’s Bahamian real estate purchases - which could be worth a collective $300m - were made through a company currently covered by US Chapter 11 bankruptcy proceedings rather than the Bahamian provisional liquidators.
BOB triples value of loan recoveries
Bank of The Bahamas more than tripled the value of recovered loan collateral to $3.5m during its 2022 financial year as a result of intensified focus on reclaiming distressed assets.
Bahamas beats pre-COVID tourism volumes by 25.8%
The Bahamas has finally beaten pre-COVID tourism volumes as higher-spending stopover visitor arrivals for September exceeded 2019 numbers by almost 26 percent, it was revealed yesterday.
Central Bank holding steady as reserves drawdown gains pace
The Central Bank yesterday maintained its prediction that The Bahamas’ external reserves will end 2022 ahead of prior year levels even though October’s decline exceeded 2021 by some $58.3m.
Cable to appeal URCA fines over TV ‘quality’
Cable Bahamas is pledging to appeal the adverse findings and fines levied against it following a probe into the “quality of service” provided to its pay-TV customers during the 2021 calendar year.
Property insurance costs ‘no doubt’ higher in 2023
Bahamian families and businesses were yesterday warned that property insurance costs will “no doubt be higher” in 2023 even though the country “dodged a bullet” with Hurricane Nicole.
