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Cargo port ‘starts to shrink the gap’
Nassau’s sole cargo port yesterday voiced optimism it has “started to shrink the gap” to pre-COVID business volumes with vehicle imports making up 20 percentage points during May alone.
‘Walk and chew gum’: Subsidies, debt cost $938m
The Bahamas “must walk and chew gum” on its fiscal and economic revival, a leading banker has warned, with $938.5m - one third of government spending - taken up by debt and subsidy costs.
Man in hospital ‘after stabbing by love rival’
AN ABACO man was flown to New Providence for medical treatment after he was attacked by the supposed boyfriend of a female companion.
Govt targets $3m travel visa surplus
The government is aiming to generate a net $3m surplus from the COVID-19 health travel visa scheme in the upcoming fiscal year, with one Cabinet minister saying: “We have to live within our means.”
EDITORIAL: No cause for alarm or the elephant in the room?
IS the country’s level of debt and its deficit something to worry about, or not?
Dennis Dames declares war
As a Free National Movement (FNM) supporter since the 1970s, I am ready to cast my net on the other side. The party has been transformed in to a sweetheart political organisation – where the leaders appear to be following in the footsteps of their whore-mongering predecessors.
‘Makes no sense’: Realtors challenge tax crackdown plan
Prominent realtors yesterday warned that the government’s plan to target delinquent commercial property owners by seizing their tenants’ rent “makes no absolutely no sense”.
Steps towards a greener future
ActivTrades
STILL unknown to most, Carbon Allowances will soon start catching headlines, gaining importance as an increasing number of countries adopt zero net carbon targets, leaving polluting businesses’ under pressure to either drastically reduce emissions or offset them through such credits, in order to avoid heavy fines or outright closing-down by authorities.
BTC targets 60% Internet ‘migration’
The Bahamas Telecommunications Company (BTC) is aiming to switch 60 percent of Internet customers to its new network technology by 2023 as it seeks to “reclaim the market leader mantle”.
Bahamas First sees Q1 losses increase 50%
Bahamas First yesterday blamed a decline in the value of its investment holdings and a $4.1m year-over-year reversal on its Cayman health insurance portfolio for a $1.344m first quarter loss.
Fidelity ‘well on way’ to beat $15m profit target
A BISX-listed bank’s top executive says it is “well on its way” to exceeding its $15m full-year profit target for 2021 if first quarter “trends hold” over the remaining seven-and-a-half months.
BTC revenues off 9% despite mobile revival
The Bahamas Telecommunications Company (BTC) suffered a near-nine percent year-over-year revenue decline for the 2021 first quarter despite driving a 2,400 post-paid mobile subscriber rise.
Sarkis: CCA explanation ‘doesn’t pass smell test’
Sarkis Izmirlian is blasting the explanation given by Baha Mar’s contractor for how it obtained his legal papers, later used to cut a nine-figure damages claim to just $30m, for “failing to pass the smell test”.
Internet banking users jump 31%
The number of Bahamian internet banking users increased by almost 31 percent to breach the 100,000 mark in 2020 as COVID-19 increasingly drove persons to digital transactions.
Near ‘border line’ over govt debt write-down
The government was yesterday urged to “tread very cautiously” because banks and other institutions are at “the border line” of incurring credit losses on their holdings of its bond debt.
Thomas joins Roc Nation Sports roster
TAHNAJ Thomas became the second Bahamian baseball prospect to sign with one of the fastest rising sports agencies in America.
‘Embrace call’ to pay for COVID-19 debt blow-out
The Central Bank’s governor yesterday argued Bahamians must “embrace the call” to pay for the country’s COVID debt blow-out, but hinted that new and/or increased taxes are unlikely to be imminent.
Doctors Hospital ‘going miles to be investor magnet’
Doctors Hospital’s tie-up with the Cleveland Clinic “will go miles to becoming a magnet” for The Bahamas to attract high net worth investors concerned about healthcare, its president said yesterday.
STATESIDE: Times they are a changing
PRELIMINARY results of the once-a-decade American census were revealed this week, and they largely confirm what we have been hearing for years.
Woman who hurt ankle awarded $70,000
THE Supreme Court has awarded more than $70,000 in damages to an elderly woman who suffered ankle injuries after falling down a utility conduit at Arawak Cay nearly nine years ago.
