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Junior national team off to great start in pre-qualifier
The Bahamas Lawn Tennis Association’s junior national team got off to a great start on day one of the North Central American and Caribbean Pre- Qualifying World Junior Tennis Tournament yesterday in Santa Tecla, El Salvador.
Coach Yo and Ole Miss Rebels win second straight game
YOLETT McPhee- McCuin’s Ole Miss Rebels will conclude a busy regular season schedule with three games over the course of the next seven days.
PI investor ‘pressing on’ with $3m raising
The Bahamian entrepreneur locked in a legal battle with the Government over his Crown Land lease on Paradise Island is “pressing on regardless” with efforts to raise $3m to fund his ambition.
Fidelity’s ‘ace in hole’ on $25m profit target
A BISX-listed bank has an “ace in the hole” when it comes to hitting its $25m profits target for 2022, its top executive revealed yesterday.
Health Travel Visa ‘worked bloody well’
A former tourism minister yesterday asserted that the Auditor General’s findings proved the Health Travel Visa had “worked bloody well”, adding: “There’s not a penny missing.”
BISX-listed insurer in 37% profit jump
A BISX-listed insurance group yesterday unveiled a 36.8 percent year-over-year profit increase for 2021 as its top executive said it was "time to be cautiously optimistic" after two years of COVID.
Auditor General hails Health Visa’s ‘vision’
The Auditor General’s Office has hailed the Ministry of Tourism’s “vision and implementation” of the Health Travel Visa despite finding multiple concerns over how the scheme was administered.
Travel visa scheme has auditor’s approval
THE Office of the Auditor General commended the Ministry of Tourism for its implementation of the Bahamas Travel Visa Programme, an initiative the Progressive Liberal Party criticised last year.
Double standard
The alcoholic beverages are flowing, the basketball court has been taken over by their volleyball net, the pavilion is full, and it is not available to our children and residents.
Uncertainty over govt policy on contract terminations
THE Davis administration’s policy on termination clauses for contract workers is unclear, with former Minnis administration officials saying they met a number of fixed contracts when they took office after the 2017 general election.
BOB chief: ‘Formula we don’t really want’
Bank of The Bahamas’ managing director says a shrinking loan book, combined with rising deposits and cash, is “a formula you don’t really want” for sustained long-term profitability.
Foreigner takeover
It’s happening now on Mount Pleasant Village Park. Foreigners have taken it over all day long - without permit!
Fund’s record $75m inflow builds RF Bank ‘war chest’
A Bahamian investment bank yesterday said it expects to match last year’s record $75m inflow into its fixed income fund and further build a “war chest” to deploy as possibilities emerge in 2022.
IDB pledged $59m Bahamas savings through guarantee
The Bahamas would save $59m per year via a $200m guarantee from the Inter-American Development Bank (IDB) to underwrite a proposed foreign currency bond issue, it has been asserted.
Ex-judge and QC fight over who should be paid costs
An ex-Supreme Court judge and top QC are battling over who is entitled to receive $114,793 in costs awarded with Western Air’s successful $1.5m claim against the Airport Authority.
Minister: Investors only ‘prefer’ short term Gov’t bonds
A Cabinet minister yesterday conceded that Bahamian investors are only interested in short-term government debt after a one-year issue was oversubscribed by 14 percent.
Deandre Ayton posts his 17th double double of the season
DEANDRE Ayton was off his minutes restriction and had his most dominant performance of the three games he has been back on the floor since his return from an ankle injury.
Local broker’s Grand Lucayan role is ‘exactly what we want’
A Bahamian realtor yesterday hailed the involvement of a local broker in facilitating the Grand Lucayan’s sale as “exactly what we want”.
Battle of the videostar
ActivTrades
FACEBOOK’S parent company, Meta (FB), has not had a bad year. Not every company can claim to have increased its sales by 37 percent in one year. The social networks, Facebook and Instagram, as well as the messenger, Whatsapp, generated almost $118bn following $86bn in the previous year. A good $29bn of that remains as profit.
Domestic Gov’t bond just 25% subscribed
Concerns were raised last night over investor appetite for the Government’s debt after just 25 percent of a recent $47.326m bond issue was picked up by the market.
