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Cheque volumes fall 7.5% annually over past decade

The Central Bank’s governor yesterday said cheques cleared via the Bahamian banking system have decreased by 7.5 percent annually over the past decade with businesses, especially, dropping an instrument “very susceptible to fraud”.

PM: Digital asset ambitions to rebuild financial services

The Prime Minister yesterday said The Bahamas’ ambitions to become a digital assets hub will help it recover financial services activity that has been lost to the “global assault” on international financial centres (IFCs).

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Ex-BPL union chief wants 74-month payout restored

A former Bahamas Power & Light (BPL) managerial union chief will today seek permission to appeal a verdict that slashed his “handsome windfall” of $621,000 in termination compensation by more than 75 percent.

Aged targets of the drugs industry

Sitting in my family doctors lobby waiting to be seen, I happened to speak with an elderly lady nearby. She was waiting to see the doctor, but had been there previously and told to go buy the medication she would need the doctor to inject her with.

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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”.

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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.

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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.

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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.

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Teachers respond to govt

BAHAMAS Union of Teachers president Belinda Wilson says a response has been sent to the government on its counter proposal regarding a salary increase for educators.

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Banks’ fee income doubles in decade

Bahamian commercial banks are generating an ever-increasing share of their income from the fees detested by many consumers, which now account for more than $1 out of every $5 in earnings.

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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”.

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Woman, aged 96, dies of COVID-19

OFFICIALS reported another COVID-19 related death yesterday.

Clean-up held in Bimini

WATERKEEPERS Bahamas alongside 4Ocean hosted its second annual beach clean-up on Radio Beach, Bimini, where the event saw the removal of 1,500 pounds of garbage.

EDITORIAL: Twin disasters of COVID and Dorian

WE ALL knew that COVID-19 had inflicted a hammer blow to the Bahamian economy. The scale of that impact is still only now becoming clear.

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Bahamas among most exposed to Ukraine war

The Bahamas must brace for multiple economic “uncertainties” over the next 12-18 months, a governance reformer warned yesterday, after it was named among the eight Western Hemisphere states most vulnerable to the Ukraine war.

Minister discusses ‘betrayal’ claim by former commissioner

NATIONAL Security Minister Wayne Munroe has recalled his personal experiences with former commissioner Paul Rolle regarding the senior officers who were made to take accumulated vacation and later seconded to various ministries.

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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.

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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.