All results / Stories

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

‘Appetite for more’: Deals for $150m in capital eyed

A Bahamas-based investment banker has revealed three further capital raisings, each worth between $20m-$50m, are set to launch this year while asserting: “There’s definitely appetite for more transactions.”

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.

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.

Tease photo

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”.

Tease photo

Woman, aged 96, dies of COVID-19

OFFICIALS reported another COVID-19 related death yesterday.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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”.

Tease photo

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.

Tease photo

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.

Tease photo

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.