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Nassau flagship drives 1/3 of parent’s income
Nassau Cruise Port is being hailed as a flagship investment by its controlling shareholder with The Bahamas now accounting for almost one-third of its total group adjusted revenues and operating income.
Bank stability at 7-year high on $400m profits
The Bahamian commercial banking sector’s stability hit a seven-year high in 2022, the industry’s regulator has revealed, as combined profits soared nearly 59 percent to just shy of $400m.
Rhema breaks record for the gold in javelin
NCAA champion Rhema Otabor posted a record-breaking performance and Keyshawn Strachan returned to full strength as Team Bahamas got another impressive showing from the throwers to highlight the country’s performances at the North American, Central American and Caribbean Under-18 and Under-23 championships.
‘Tee-off for Hunger Golf Tournament plans
THE Bahamas Feeding Network (BFN) today unveiled plans for its 2nd Annual ‘Tee-off for Hunger Golf Tournament,’ aiming to raise enough money to top up its coffers and provide up to 750,000 meals in 2023.
Anthonique Strachan rounding into form
AFTER running in the pack in the women’s 200 metres on Friday, sprinter Anthonique Strachan didn’t have it to contend in the 100 two days later as she competed in a pair of Diamond League meets over the weekend.
Court of Appeal rejects Adrian Gibson's constitutional motion
THE Court of Appeal rejected Adrian Gibson’s latest constitutional motion on Friday, paving the way for his corruption trial to begin on Monday.
BPL: From ‘dramatic savings’ to sky-high bills in three years
Bahamas Power & Light (BPL) has gone from “dramatic savings” on its fuel costs that have been hailed by the Inter-American Development Bank (IDB) to sky-high electricity bills in just three years.
FTX chief targets Bahamas property ‘misappropriation’
FTX’s founder and two of his closest associates were last night accused of “misappropriating” some $4.86m of client monies to acquire high-end Bahamian real estate that they subsequently put in their personal names.
AC challenges at Justice Centre ‘being addressed’
SUPREME Court Deputy Registrar Renaldo Toote said the air-conditioning challenges that prompted workers to walk out of the Garnet Levarity Justice Centre in Grand Bahama are being addressed.
Pro basketballer Jaraun surprises the children at X-treme Athletics camp
BAHAMIAN professional player Jaraun “Kino” Burrows made the summer kids smile at the X-treme Athletics basketball camp after he not only paid them a visit, but trained and played in a scrimmage game with them.
Charged with bail violation after murder accusation - and granted bail again
A MAN on bail for murder who allegedly failed to charge his electronic monitoring device was granted bail again yesterday.
Temperature rise poses additional threat to sensitive coral reefs
CLIMATE change is causing heat that threatens the existence of coral reefs in the Bahamas.
Grand Bahama numbers for sexually transmitted infections see increase
GRAND Bahama is on track to record more sexually transmitted infections this year than in 2022.
Goombay Summer Festival returns
AFTER a decade-plus hiatus, the Goombay Summer Festival is returning to New Providence.
Food prices to ‘never return to pre-COVID’
The Retail Grocers Association’s president yesterday warned Bahamians that food prices will not return to pre-COVID levels and said: “The cost of operations is increasing all over the world.”
BPL hikes ‘blow up’ Abaco living costs
Abaco business owners yesterday revealed their electricity costs more than doubled in just one month as Bahamas Power & Light’s (BPL) fuel cost recovery strategy consumes an ever-increasing share of corporate cash flows.
Musicians hit at ‘second class citizens’ treatment
Bahamian musicians yesterday argued that they remain unemployed while foreign entertainers are permitted by the Government to work at major New Providence resorts.
Opposition ‘to hammer’ Gov’t on BPL’s $110m
The Opposition’s leader has pledged to “continue to hammer” the Government over the accounting treatment it is using for the $110m loan advanced to Bahamas Power & Light (BPL) to pay off its fuel arrears.
Bahamas bank’s account seized over $58.5m ‘pig butcher’ scam
A Bahamian financial institution yesterday asserted it “has been proactively co-operating” with a US Secret Service probe that seized its bank account on the basis that $58.465m in fraud proceeds were laundered through it.
GARDINER PRODUCES WORLD-LEADING TIME: Wins 400 metre race in Hungary
Steven Gardiner produced the world’s fastest time and lowered his meet record in the process to win the men’s 400 metres at the Gyulai Istvan Memorial in Szekesfehervar, Hungary.