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Trade deficit leaps 15.6% to $715.1m
THE Bahamas’ trade deficit increased by 15.6 percent to $715.097m during the 2022 first quarter as cross-border flows continued to rebound from the COVID-19 related restrictions of the year before.
Plane goes off runway
THE Air Accident Investigation Authority yesterday reported an incident involving a Flamingo Air Beech 99 aircraft, registration C6-OFM.
Bahamas’ ‘rosy picture’ not making the grade
A top insurer was yesterday “hoping and praying” The Bahamas can reverse its continual downgrades despite the Government’s “rosy picture” of its fiscal and economic standing failing to convince the rating agencies.
BJ Murray hits 2-run homer in AFL
CHICAGO Cubs prospect BJ Murray has limited opportunities in the Arizona Fall League thus far, but continued his power hitting from the regular season in his last plate appearance.
The Bahamas’ top two life insurers downgraded
The Bahamas must “take concrete steps” to reverse the trend of sovereign credit rating downgrades after the country’s two largest life and health insurers saw their own financial strength assessments slashed as a result.
Union chief says: ‘Don’t encourage mediocrity’
A trade union leader says the labour movement “must not encourage mediocrity” in the workplace as he urged patience when over trying to achieve all goals in industrial negotiations.
Grand Bahama electricity costs 40% below rest of Bahamas
Grand Bahama’s electricity costs will be 40 percent lower than Nassau’s and the rest of The Bahamas during the 2023 summer peak after the island’s utility locked in fuel costs at 12-14 cents per kilowatt hour (kWh).
Bahamian pro basketball players in Euro spotlight
BAHAMIAN pro basketball players across various leagues in Europe produced season highs in early season play for their new clubs.
Scheme aims to bring farming into the backyard
AGRICULTURAL Development Organisation has partnered with The Church Commercial Farming Group (TCCFG) to facilitate the backyard farming initiative.
PM: ‘No concerns’ that businesses won’t cope
PRIME Minister Phillip “Brave” Davis said yesterday he had no concerns about small business longevity in the face of an impending light bill increase and now a newly announced higher minimum wage of $260 a week. Mr Davis said it was a step in the right direction.
Officials to assess national diploma
EDUCATION Minister Glenys Hanna-Martin revealed officials are hoping that by December they will be able to make an accurate assessment of the national high school diploma so that they can ensure it does not negatively affect students.
Unions not giving up $300 minimum wage
The Trades Union Congress (TUC) president yesterday asserted that the labour movement will push for a further minimum wage increase to $300 per week once the economy has rebounded “in a strong way”.
‘Swimming against tide’ on $400k BPL bill hike
A local manufacturer is “swimming against the tide right now” with Bahamas Power & Light’s (BPL) fuel charge hikes set to increase its 2023 electricity bill by around $400,000 year-over-year to more than $1m.
Moody’s doubles down on ‘overly optimistic’ forecasts
Moody’s has doubled down on concerns that the Government’s Budget revenue forecasts are “overly optimistic” and that its debt servicing payments will be higher than projected due to the rise in global interest rates
Munnings makes impact in French ProB League
TRAVIS Munnings has had an immediate impact in his promotion to the French ProB League with his Boulazac Basket Dordogne basketball club.
Banks must ‘clear runway’ on high loan delinquencies
The Central Bank’s governor yesterday agreed that commercial institutions must “focus on clearing the runway a lot more for new lending” by tackling loan delinquencies that exceed Caribbean and international norms.
NEW MOODY’S DOWNGRADE: Action taken over financing access fears
The Bahamas was last night urged to "move more urgently to rev the engine" after Moody's again downgraded the country's sovereign creditworthiness over fears its access to borrowing is being squeezed.
Tahnaj Thomas back on the mound in AFL
Fresh off helping Great Britain baseball make history at the World Baseball Classic Qualifiers, Tahnaj Thomas was back on the mound continuing his season in the Arizona Fall League.
STATESIDE: Just how far can you push the rules and get away with it?
JOAN and her friend Marilyn were in her New York City kitchen, warding off the unseasonable chill outside with steaming mugs of coffee. They were talking about the world’s current number one bogeyman.
FRONT PORCH: Failure by political leaders to understand social dysfunction
THE violent crime ravaging New Providence continues unabated. Political leaders and law enforcement are seemingly incapable of offering workable strategies to combat the rate of murder and other crimes.