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‘Coach Yo’ agrees to new, 4-year contract extension
The Ole Miss Rebels displayed their long term commitment to head coach Yolett McPhee McCuin and her vision for the women’s basketball programme with her second contract extension since she was named head coach in 2018.
BOB: ‘Break even excellent’ for 2021
Bank of The Bahamas’ top executive says it will “be excellent” if its closes its 2021 financial year in a “break even” position after incurring $20m in loan loss provisions over the past two years.
BTC facing ‘day by day’ fight on mobile rebound
The Bahamas Telecommunications Company (BTC) faces “a real day-by-day fight” to reclaim mobile market share lost to Aliv, its newly-appointed chief executive has admitted.
Leading banker hits out over VAT ‘maze’
The Government “created a maze” for the Bahamian private sector and consumers when it abandoned the low-rate, broad base VAT model, a prominent banker is arguing.
‘Buddy’ Hield scores nine, Knicks rout Kings 140-121
NEW YORK (AP) — Immanuel Quickley scored 18 of his 25 points in the first half, and Julius Randle had 21 points and 14 rebounds to power the New York Knicks to a 140-121 win over the Sacramento Kings last night.
Brewery’s $1.331m loss exposes COVID fall-out
Commonwealth Brewery yesterday unveiled a negative $11.685m bottom line reversal as full-year 2020 revenues slumped by 28.4 percent due to COVID-19’s economic devastation.
Top soccer chief’s home tied to Cavalier wind-up
The $20m home belonging to the chairman of one of England’s top Premier League soccer clubs has emerged as a potential major recovery source for Cavalier Construction creditors.
Bahamian student athletes take NCAA Division I spotlight
CHARLES Bain’s scoring output since last week’s senior night has been his best stretch of the season to highlight play from Bahamian student athletes in NCAA Division I basketball last weekend.
COVID - crime and choice
There were 73 people murdered in 2020, down from 95 person in 2019. This gives a homicide rate for 2020 of 18. 6 per 100 000. This is still considered an epidemic. According to United Nation, Homicide rate of 10 per 100 0000 or above is considered an epidemic.
‘Absolutely untrue’: PM blasts Davis on IMF bail-out claim
The prime minister last night slammed as “absolutely untrue” assertions by the opposition’s leader that The Bahamas is headed for an International Monetary Fund (IMF) supervised restructuring.
Fidelity: ‘We’ll recapture $10m COVID provisions’
A BISX-listed bank yesterday said it ultimately expects to recover two-thirds of last year’s $15m loan loss provision increase as it bids to shrug-off COVID-19 by more than doubling profits in 2021.
BPC deal had govt over a barrel
The Bahamas would have been “on the hook for hundreds of millions of dollars”, and its credit rating endangered, if the Government had halted Bahamas Petroleum Company’s (BPC) oil exploration.
Ayton and Suns squander 24-point lead in loss to Nets
DEANDRE Ayton and the Phoenix Suns nearly had a perfect ending to their six-game homestand, but squandered a 24-point second half lead in a loss to the New Jersey Nets on Tuesday night.
Cavalier collapse took down affiliate
Cavalier Construction’s insolvency took down its equipment supplier affiliate even though the latter had generated a net profit in each of the previous four years, its liquidators have revealed.
Cavalier suffered $1m loss ahead of liquidity crunch
A major Bahamian contractor suffered more than $1m in operating losses over a four-year period before it collapsed into insolvency due to an “unmanageable liquidity shortfall” in early 2020.
Cable’s $70m loan remedies ‘breaches’ with Aliv bond terms
Cable Bahamas’ $70m long-term loan to its Aliv affiliate was yesterday said to have remedied the mobile operator’s non-compliance with conditions attached to $60m in previously-issued bonds.
FRONT PORCH: The conceits and decline of US Republican Party
It still surprises the number of Bahamians who little understand American society or politics but who, hook, line and sinker, have been caught and netted by the country’s mythologies, which continue to be unmasked, demystified and demythologised by the march of facts and history.
Minister: Give us ‘offset’ to halt oil drilling pursuit
A Cabinet minister yesterday argued The Bahamas should seek "offsetting” compensation from neighbouring countries if it bows to their demands to give up oil exploration.
ALICIA WALLACE: Throwing money at a problem doesn’t mean it’s going to go away
Last week, it was reported a woman was sleeping in a car with her children, including an infant. She was asked to leave her previous apartment after being allowed to live there rent-free for several months. She expressed concern about her children’s education, noting her daughter had fallen behind over the past year. She noted there were other people in the same situation, forced on to the streets.
Accountants brace for surge in insolvencies
Bahamian accountants are bracing for “an uptick” in corporate insolvency work during the 2021 second half with companies already moving to restructure as hopes for a quick economic rebound fade.
