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PETER YOUNG: From the summit of success to now being shown the door - it’s all over for Boris
“ALL political careers end in failure”. Those were the memorable words of Enoch Powell, who was a leading right-wing Tory, and some say a contrarian and a maverick politician, of the 1960s and beyond. It is a fair bet that some of the older generation in Britain will have recalled this famous dictum when watching Prime Minister Boris Johnson’s resignation statement outside No 10 Downing Street last Thursday as he stood down from what he called “the best job in the world”.
EDITORIAL: Atlantis goes from up for sale to new investment
THERE has been quite the turnaround at Atlantis – and that’s welcome news.
Exporters told: Prove no domestic financing
Bahamian exporters must first prove to the Central Bank that they have been rejected by all domestic financing sources before they will be given approval to seek out alternative funding from overseas.
Honours from grateful nation
BISHOP Lawrence Rolle, community activist Khandi Gibson and former police commissioner Paul Rolle say they are honoured and humbled for recognition of their service to the nation as recipients of the Bahamas’ 49th Independence Day National Honours.
Atlantis eyes $500m in fresh investment
Atlantis is on target to “exceed” 90 percent of pre-COVID occupancy levels for the 2022 full year, a senior executive has revealed, as it eyes “well over $500m” in new investment for this decade.
Jones posts double double - 29 points, 13 rebounds - in WNBA All-Star game
JONQUEL Jones displayed why she is a star among WNBA stars and shined on the brightest stage among the league’s best players at its midseason classic.
PM urged: Take ‘definitive’ stance over oil exploration
An environmental activist is again demanding the Government take a “definitive” stance on oil drilling in Bahamian waters as he branded this nation's efforts to combat climate change a “fallacy” without banning such activities.
Jonquel Jones selected for WNBA Skills Challenge ahead of All-Star game appearance
IN addition to playing in the Women’s National Basketball Association (WNBA) All-Star game, Bahamian Jonquel Jones from Grand Bahama has also been selected to participate in Saturday’s WNBA Skills Challenge.
External shocks cause for a ‘special situation’
The Bahamas is “in a special situation” due to its high vulnerability to natural disasters and economic shocks, a trade specialist said yesterday, with imported goods ten times’ higher than exports.
FNM to renovate centre
THE Free National Movement Council in Grand Bahama is hosting major fundraising events to help renovate the Sir Cecil Wallace-Whitfield Community Building that sustained severe flood damage during Hurricane Dorian.
Joe leads 76ers past Thunder in SLC Summer League 80-79
ISAIAH Joe made a go-ahead 3-pointer with 25 seconds left, his fourth of the game, and the Philadelphia 76ers beat the Oklahoma City Thunder 80-79 on Thursday on Day 3 of the Salt Lake City Summer League.
COVID’s $9.5bn blow nearly a triple Dorian
The Bahamas will never recover $9.5bn in economic losses and damage caused by COVID-19, it was revealed yesterday, with the pandemic combining with Hurricane Dorian to deliver a shattering $13.1bn blow to this nation.
Bahamas’ 20% shrink ‘not seen in worst crisis’
Bahamian economic output shrunk by a “remarkable” 20 percent in 2020, an Inter-American Development Bank (IDB) economist said yesterday, branding this COVID-induced plunge as “something you don’t see in the worst crisis”.
COVID collapse sparked rare $1.7bn ‘dual deficit’
Tourism’s “collapse” at COVID-19’s peak “exposed the fragility” of The Bahamas’ current economic model by producing rare twin goods and services trade deficits worth a combined $1.7bn.
Buddy: ‘We didn’t match their physicality’
NATIONAL Basketball Association player Chavano “Buddy” Hield said he couldn’t ask for more support than they got from the Bahamian public for the men’s national team matchup against the Dominican Republic.
Coach McPhee-McCuin makes her presence felt
SHE made history as the first Bahamian female to serve as a coach on the men’s national basketball team. But Grand Bahamian Yolett McPhee-McCuin has assured the females that she won’t abandon them as the team’s head coach.
Cable beats target by $50m on ‘largest ever refinancing’
Cable Bahamas yesterday revealed it beat its preference share rollover target by $50m as it hailed completion of “the biggest refinancing the market has ever seen”.
Foreign reserves stay over $3bn despite May decline
The Bahamas’ foreign currency reserves closed May 2022 above $3bn despite a $65m drop-off during the month, with the Central Bank reiterating its belief that they remain “more than adequate” to sustain the US dollar peg.
Collateral Registry hailed as a ‘tremendous move’
The Central Bank’s plan to boost small business access to financing by creating a movable Collateral Registry was yesterday hailed as “a tremendous step in the right direction” provided it is accompanied by the necessary training.
Air arrivals hit 85% of pre-COVID levels
Total air arrivals to The Bahamas rebounded to 85 percent of pre-COVID numbers during April, more than doubling prior year numbers for a period that included the peak Easter holiday weekend.
