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NAD returns to $322m debt terms compliance
The Nassau Development Company (NAD) no longer requires a government "commitment" or waiver from its lenders after returning to full compliance with conditions governing its outstanding $322.313m debt at end-September 2022.
Local banks pass anti-financial crime 'shadow shopping'
The Central Bank yesterday hailed the results of a 'mystery shopper' style survey of Bahamian financial institutions which found "rigorous evidence" they were in full compliance with efforts to combat financial crime.
PETER YOUNG: Turkey’s identity at stake as the country faces a possible presidential run-off
TO many people, Turkey is something of an unknown quantity. But it is in the news at present because of last Sunday’s parliamentary and presidential elections. These are said to be the most pivotal polls in the nation’s history and President Recep Tayyip Erdogan’s toughest challenge since he first came to power in 2003.
Central Bank exceeded Govt lending limits at year-end '22
The Central Bank would have massively exceeded its legal lending limits to the Government had the latter's accessing of $232.3m in IMF special drawing rights (SDRs) been included in the 2022 year-end calculation.
‘WE JUST SHOT OURSELVES IN THE FOOT’: Men’s national beach soccer team goalie speaks on Bahamas’ 4th place finish
It’s not every day that an athlete makes a successful transition from one sport to the other.
FTX Bahamas charges US broke 'every single' pledge
FTX's Bahamian liquidators have accused their US adversaries of "breaching every single" co-operation pledge in just four short months as they urged the Supreme Court to "sort it out" with Delaware.
Fiscal year finish is ‘critical platform’ for 78% deficit cut
The Ministry of Finance's top official yesterday said the Government's financial performance over the next two months is "critical" to setting the foundation for a 2023-2024 fiscal year in which the deficit is forecast to be cut by 78 percent.
Promotion Board in 67% website visitor increase
The Nassau Paradise Island Promotion Board's (NPIPB) chief executive says there has been a 67 percent year-over-year jump in visitor traffic to its website as it works to convert this increase into actual visitors.
ONE ELEUTHERA FOUNDATION: Unlocking the power of corporate social responsibility
IN today’s interconnected world, companies are increasingly expected to be socially responsible and accountable for how their practices impact society and the environment. Corporate Social Responsibility (CSR) refers to the concept that a business is responsible for more than just creating value and wealth for shareholders but should also seek to benefit the broader community in which it exists.
Investor forum puts Grand Bahama in the spotlight
THE eyes of the world are on The Bahamas when it comes to investment and conservation, a conference in Grand Bahama heard this week.
Ayton injured, Suns eliminated in Game 6
PHOENIX (AP) — Nikola Jokic scored 32 points in another triple-double, Jamal Murray added 26 and the Denver Nuggets advanced to the Western Conference finals for the first time since 2020 by beating the short-handed Phoenix Suns 125-100 in Game 6 on Thursday night.
Illegal construction fight has been 'a rank failure'
The Bahamian Contractors Association's (BCA) president yesterday said builders are asking "why should we follow the law" following the country's "rank failure to manage the built environment".
Bahamas trade deficit up $325m at five-year high
The Bahamas' trade deficit expanded by $314.6m or 10.7 percent during 2022 to hit a five-year high of $3.254bn, it was reveled yesterday, as inflation and higher global oil prices caused import costs to soar.
Govt to remove shanty homes via building regulations act
ATTORNEY General Ryan Pinder said the Davis administration would demolish shanty town structures using the process outlined in the Buildings Regulation Act after the Supreme Court failed to deliver a favourable result to the government last week.
FACE TO FACE: The Lindroth family; Bahamian at heart
HE was just 14 months old when he first set foot on Bahamian soil. Walking with the pitter patter that toddlers do, Magnus Lindroth wiggled his toes in the sand and got his feet wet on what is now called Paradise Island. Here, his views of the world would be shaped as he basked in island life.
Restaurant crowdfunder targeting $2.4m in sales
A restaurant entrepreneur yesterday said he is targeting $2.4m in total sales for 2023 as he mulls opening a third location on Carmichael Road.
We are the champions
THE sixth edition of the Noble Preparatory Academy’s (NPA) spring classic basketball tournament saw four new champions crowned.
'Improve service quality before rolling out 5G'
Bahamian businesses and consumers want their communications providers to first focus on improving the quality and reliability of existing services before exploring the introduction of 5G (fifth generation) technology.
FNM Deputy hits out at amendment to security branch members' medical insurance policy
FREE National Movement Deputy Leader Shanendon Cartwright called government’s amendment to the medical insurance policy for security branch members “disgraceful and heartless”.
US court awards $203m in damages, legal fees to Louis Bacon in defamation case against Peter Nygard
A NEW York court has awarded over $203m in damages and legal fees to billionaire hedge fund founder Louis Bacon in a defamation case against his former Lyford Cay neighbour, Peter Nygard, according to US reports.
