All results / Stories

Tease photo

March air arrivals near to 75% of pre-COVID

Tourist arrivals to The Bahamas increased almost ten-fold in March 2022 compared to the prior year aided by the continued easing of COVID-related border restrictions and a rebound in global travel, it was revealed yesterday.

Tease photo

Ex-BACO president in ‘non-compete’ dispute

A past Bahamas Association of Compliance Officers (BACO) president was yesterday said to be free to “engage in her profession” after a Florida appeals court refused to extend a non-compete injunction relating to a two-year legal battle.

Tease photo

Blacklist ‘factor’ fear on bank Business Licence

A commercial bank chief yesterday questioned whether the Government’s plan to reimpose Business Licence fees on the sector could revive a situation that caused The Bahamas’ 2018 blacklisting by the European Union (EU).

Debt strategy was Budget’s ‘big miss’

A governance reformer yesterday argued that the Budget presentation’s “big miss” was its failure to detail how The Bahamas will tackle its $10.5bn national debt and annual interest costs set to hit a record $589m.

Tease photo

Bahamas ‘can’t be complacent’ on 15% corporate tax push back

The Bahamas “cannot be complacent” despite yesterday being granted more time to determine its approach to the G-7/OECD-led push for a minimum 15 percent global corporate income tax rate.

Tease photo

HUBERT EDWARDS: Today’s Budget for a better tomorrow

We previously considered The Bahamas’ debt sustainability, and looked at the challenges faced from a Caribbean context.

Tease photo

FACE TO FACE: The Legacy of Uncle Lou

SOME educators come into the lives of children and leave such an impact on them, that they are never forgotten. Deacon Leviticus Lewis Joseph Adderley was one of them. As the beloved principal of St. Augustine’s College for many years, he impacted the lives of countless SAC students, molding nation leaders and global influencers.

Tease photo

BISX-listed Fund eyes restart for dividends after 15-year gap

The BISX-listed Bahamas Property Fund’s Board will within the next month receive a recommendation to resume investor dividend payments after a 15-year hiatus following completion of its $8m preference share financing.

Tease photo

PM HITS BACK ON BREADBASKET VAT – while Watson claims tax reintroduction does not hurt consumers

PRIME Minister Philip “Brave” Davis told his predecessor yesterday to take his own advice, as he hit back over new criticisms levelled at his administration over its refusal to remove value added tax from breadbasket items.

Bank sold despite ongoing legal fight

A Bahamian bank’s sale has been confirmed by its statutory administrator despite his actions, and those of the Central Bank, being subject to a legal challenge that is ongoing before the Supreme Court.

Flowers ordered to pay ex-FML executive $120k

Craig Flowers’ FML web shop chain has been ordered to pay a former senior executive $120,000 plus interest after the Court of Appeal overturned a previous verdict relating to “irregularities” designed to inflate staff earnings.

Tease photo

BOB shedding ‘haunted’ past with 20% growth goal for ‘23

Bank of The Bahamas top executive yesterday asserted it is moving beyond the bail-outs that “will forever haunt” the institution with predictions it will grow this year’s forecast $7m profit by a further 20 percent in 2023.

Kalik maker: Product shortages ‘inevitable’

Kalik’s manufacturer has continued to warn that product shortages and price hikes are “inevitable” due to continued supply chain disruptions post-COVID despite generating $1.3min profits for the 2022 first quarter.

Tease photo

Fraudsters plunder $2m through bank’s blunder

A Bahamian financial institution’s “serious error and negligence” resulted in fraudsters plundering more than $2m from one of its client’s accounts, the Supreme Court has revealed.

Tease photo

Men’s national soccer team split games

AFTER winning their opener by a pair of goals, the Bahamas men’s national soccer team lost by one to the Turks and Caicos Islands in the second game of their two friendly matches played over the weekend at the Thomas A Robinson National Stadium.

Tease photo

RF gives back with charity golf tourney

LOCAL golf enthusiasts are gearing up for the 35th Annual Charity GolfTournament hosted by the Rotary Club of East Nassau & The Scout Association of The Bahamas.

Tease photo

Economy rebounds with 8% growth

The International Monetary Fund says the country’s recovery is “strong” with real GDP growth pegged at eight percent this year.

Tease photo

Defence on the attack

ActivTrades

This week was a dramatic rollercoaster ride on Wall Street.

Tease photo

Managers in three-year wait for $821k owed by PI resort

Hotel managers and their union have now been waiting “almost three years” to recover a collective $821,292 allegedly owed to them by a shuttered Paradise Island resort, it was revealed yesterday.

Tease photo

McPhee-McCuin agrees to new contract

Yolett McPhee- McCuin has signed a contract extension as head coach of the Ole Miss Women’s basketball programme that will see her remain at the helm through the 2026 season.