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BOB chief: Bahamas ‘long way from default’
Bank of The Bahamas’ top executive says the country is “a long way away from a debt default” even though constant sovereign downgrades are “taking their toll” on the banking industry and wider economy.
Golden Eagles vs Bruins in Battle 4 Atlantis finale
The championship game for the 2022 Women’s Battle 4 Atlantis will feature a pair of undefeated teams and a tournament filled with upsets sets the stage for an exciting finish this afternoon at the Atlantis resort’s Imperial Arena.
NPBA opening night: Rockets and Giants victorious
ON opening night when they didn’t receive their New Providence Basketball Association men’s championship rings, the Discount Distributors Rockets took their frustration out on the runners-up Commonwealth Bank Giants.
UCF wins Bahamas Championship
THE Central Florida Knights began 10 days of NCAA Division I basketball at the Baha Mar Convention Centre by winning the “Bahamas Championship” tournament title. The Knights defeated the Santa Clara Broncos 57-50 last night in the finale.
Insurer: Hurricane season end ‘can’t be soon enough’
A TOP Bahamian insurance executive says the official end to the 2022 hurricane season “can’t come soon enough” given that Hurricane Ian will further “tie our hands” on premium prices for local consumers.
Timeless Gold
ActivTrades
THE fact that gold prices have been subdued over the past year must be one of the most counterintuitive financial market dynamics of recent times. The precious metal is known as a safe haven, and a hedge against rising inflation. We certainly have had plenty of both recently, so why are gold prices down by more than 15 percent in relation to the yearly maximum reached in March? The answer is relatively straightforward: Blame the US dollar.
Rehabilitation of Offenders Committee has expunged 80 criminal records to date
THE Rehabilitation of Offenders Committee has to date expunged the criminal records of 80 people, some of whom were convicted for curfew violations during the height of the COVID-19 pandemic.
DIANE PHILLIPS: Open your eyes and see the beauty of foreign in all of us
ON a bright, sunny morning last week, the students, faculty and staff of LN Coakley Senior High in Exuma poured out of classrooms and gathered along the halls and in the courtyard, filling every available foot of open air.
Vendors voice disappointment after Grand Lucyan sale falls through
STRUGGLING straw vendors at Port Lucaya Marketplace are disappointed over the Grand Lucayan hotel sale fallout.
Correctional officers to receive training on how to manage mentally ill inmates
NATIONAL Security Minister Wayne Munroe said yesterday that officers at the Bahamas Department of Correctional Services who oversee mentally ill inmates will be receiving training on how to effectively manage them.
$250m cruise port: ‘We’ll help Long Island flourish’
The proposed $250m Long Island cruise port will handle up to 12,000 persons daily at full build-out, one of its principals revealed yesterday, adding: “Our goal is to help Long Island flourish.”
Man bailed on charges of theft and escape
A MAN was granted bail in Magistrate’s Court yesterday on theft and escape charges.
Albury and Greene lead Chipola to no.6 ranking
DEYTON Albury and Paul Greene have led Chipola to a no.6 national ranking while the Bahamian contingent at Northeast Community College continues to put up major numbers in their sophomore campaign.
Robinson wins Bahamas Professional Golf Association’s Korn Ferry Qualifier
BOOKS ANOTHER TRIP TO THE GREAT EXUMA CLASSIC
DEVAUGHN Robinson booked another trip to the Great Exuma Classic by winning the Bahamas Professional Golf Association’s Korn Ferry Qualifier by five strokes on Monday at the Ocean Club Golf Course on Paradise Island.
VIN numbers of stolen vehicles ‘being covered with false plates’
POLICE have noticed a trend regarding stolen vehicles where suspects are covering the original VIN number with a false plate, according to Commissioner of Police Clayton Fernander.
‘Not out of woods’ despite lowest deficit for 10 years
The Prime Minister yesterday warned Bahamians “we are not yet out of the woods” as he hailed the lowest first quarter fiscal deficit “in more than ten years”.
The madness of shrinkflation
I got one of the most significant shocks of my life when I saw a young lady holding a baby standing next to me in a food store aisle, unzip her bag and politely drop two jars of baby food in it, and calmly zip it back up. Then she moved further down the aisle and repeated the same thing with other items.
Harbour woes ‘threaten life, immense damage’
Nassau’s main commercial shipping port is renewing warnings that failure to repair the harbour’s western breakwater could “result in immense damage to, and threaten life”, in the city centre.
Great Commission Ministries to break ground for $3m shelter in January
GREAT Commission Ministries expects to break ground for the construction of a $3m shelter in January, with an estimated $30,000 saved so far for the venture.
Two year prison sentence for shop breaking
A MAN was sentenced to two years in prison yesterday after admitting to shop-breaking to fund his cocaine addiction.