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Property value boost drives insurer’s 39% profit increase
A $3.2m gain from revaluing its property assets enabled Bahamas First to shrug off a decline in its core insurance underwriting business and post a 39 percent total comprehensive income increase for the 2022 full-year.
Port chief eyeing Abaco power cable connection
The Grand Bahama Port Authority’s (GBPA) president yesterday suggested running an electricity cable between his island and Abaco as a way to “stabilise” electricity costs and bring rates down.
$200m airport deal means GB ‘not dead in the water’
A prominent Freeport attorney yesterday hailed the “lifeline” provided by Grand Bahama airport’s imminent $200m redevelopment, saying: “We’d be doubly dead in the water without it.”
Some MPs have not yet disclosed
TWO weeks after the March 1 deadline, Public Disclosure Commission chairman Bishop Victor Cooper said officials are still waiting for some parliamentarians to complete their filings.
‘When not if’ on marital rape law
DISCUSSIONS on the proposed Sexual Offences Act continue with State Minister Lisa Rahming indicating it is not a matter of “if” but “when” the act will be passed.
MINISTER STILL NO TO RCI DEAL: Hanna Martin has not changed view on $110m beach club
EDUCATION Minister Glenys Hanna Martin revealed yesterday her views have not changed on Royal Caribbean International’s $110m project for Paradise Island, saying she did not support it during the Minnis administration and her opinion remains the same.
Gun was taken from fighting neighbours
A 20-YEAR-OLD man was sent to the department of correctional services yesterday to await sentencing after admitting to having a gun that he says he took from his fighting neighbours earlier this week.
Shockers top Mingoes 72-68 in OT
NEW PROVIDENCE BASKETBALL ASSOC. PLAYOFFS
THE University of the Bahamas Mingoes men’s basketball team came back from down 10 points to force overtime against the Caro Construction Shockers but could not pull off the NPBA playoff win.
Under-14 division created for High School Track & Field Nationals/CARIFTA Trials
With the CARIFTA Trials & High School National Track and Field Championships set to take place in a combined event on March 25-27, some parents criticised the organisers’ decision to remove the under-15 division.
First Class Promotions returns after 10-year hiatus
FIRST Class Promotions will host the first all-female boxing match in The Bahamas and Caribbean at 8pm on Friday, March 31 at the Kendal G.L. Isaacs Gymnasium.
Bahamas Kidney Association to host fun run/walk this Saturday
THE Bahamas Kidney Association (BKA) will host a fun run/walk tomorrow (March 18) at 6:30am on Goodman’s Bay.
FRONT PORCH: What’s going on at BTC?
IT IS telling and disturbing the number and drumbeat of Bahamians dissatisfied and frustrated with the often poor and inconsistent quality of service by the Bahamas Telecommunications Company (BTC). The number of upset customers seems as voluminous as the white pages of a printed directory.
‘Time has come’ for conversation on corporal punishment in schools
AFTER a police officer allegedly beat several Bimini Primary School students, Education Minister Glenys Hanna-Martin said “the time has come” for a conversation about corporal punishment in schools.
PM: Procurement bill will allow for greater management and transparency
PRIME Minister Phillip “Brave” Davis led debate on the Public Procurement Bill and Public Finance Management Bill in the House of Assembly yesterday, telling parliamentarians that the legislation, once enacted, will allow for improved government financial management and greater transparency.
Atlantis, cruise port: ‘Room’ for PI lighthouse restoration
Atlantis and the Nassau Cruise Port both say there is “room” for a restored Paradise Island lighthouse to provide an “iconic” visitor experience and boost New Providence’s status as a tourism destination.
Kwasi Thompson: IMF holds ‘serious concern’ on fiscal reforms
The Opposition’s finance spokesman yesterday asserted that the International Monetary Fund (IMF) had voiced “serious concerns” over legal reforms that seemingly reduce the Fiscal Responsibility Council’s (FRC) independence.
Gov’ts Central Bank debt soars 85% on IMF SDRs
The Government’s controversial borrowing of IMF special drawing rights (SDRs) reversed five years of decline by causing its net debt to the Central Bank to soar by 85.4 percent to $805.6m.
New Procurement Act to end large firm ‘dominance’
The Prime Minister yesterday said the Government’s digital procurement platform has generated $2.6m savings in just four months since its launch as he slammed his predecessors for giving large firms “dominance” in contract awards.
Cancer cases on the rise since pandemic
THERE has been a rise in cancer since the COVID-19 pandemic with more younger women being affected recently, according to a physician from the Bahamas Cancer Society.
50 events planned for 50th Independence
SOME 50 events and 242 initiatives are planned for The Bahamas’ 50th independence celebrations, according to the official calendar of events released digitally to the public yesterday.
