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100 small GB firms to get grants to restart business
ABOUT 100 small and medium-sized businesses on Grand Bahama will receive grants to help restart their businesses through the RISE Grant Initiative – a joint programme established by the Grand Bahama Port Authority and Mercy Corps.A workshop was launc
Munnings signs with new team
AFTER his deal with his original club failed to come to fruition, Travis Munnings has another opportunity to begin his pro basketball career in France.
Deltec slams ‘inaccurate’ claims on broker’s failure
A major Bahamian financial institution has slammed “inaccurate and unsubstantiated” allegations that it played a “conflicted” role in the collapse of a local investment advisory firm.
'Business as usual' hurt poverty battle
A $9.6m initiative to fight Bahamian poverty was undermined by the public sector’s “strict bureaucratic policies” that treated the effort as “business as usual”. The Inter-American Development Bank (IDB) report on efforts to reform The Bahamas’ soci
Tariffs dropped for plastic ban
THE law has been amended so biodegradable materials can be imported tariff free before the single-use plastic ban goes into effect tomorrow. The amendments, circulated yesterday by Bahamas Information Services, were gazetted on December 19th. Among
Capital markets eye $200m ‘busiest year’
A top investment banker is predicting the Bahamian capital markets will have one of “the busiest years” ever in 2020 with around $200m worth of deals needing funding.
48 hours to go until plastics ban
WITH about 48 hours until the government’s single use plastics ban comes into effect, major companies in New Providence are still in the process of making final preparations for the fast approaching January 1 deadline.
Digital B$ provider eyes 3% banking profits rise
The digital Bahamian dollar’s technology provider believes its roll-out can increase bank profits by three percent despite its US counterpart’s dominant role in circulating currency. Simon Kim, managing director of NZIA Ltd, speaking at the Project
Roberts and Major Jr reuniting for Davis Cup
THEY haven’t played against each other since they were juniors. But now that they are all grown up and playing on the professional circuit, Justin Roberts and Kevin Major Jr are reuniting to play together for the first time as members of the Bahamas’
Central Bank unveils digital B$ restrictions
The Central Bank has unveiled the limits it will impose on Bahamian digital currency holdings to protect financial stability and prevent “runs on bank deposits”. The regulator, in a paper on the Project Sand Dollar initiative to create a Bahamian di
Consumers face 15% extra BPL bill charge
Bahamas Power and Light’s (BPL) chairman yesterday revealed that the extra charge consumers must pay come March 2020 will likely be equivalent to 15 percent of their electricity bills.Dr Donovan Moxey finally clarified that the National Utility Inves
We need to spark engine
My Grandmother used to tell the story of bumping into one of the leading Bay Street merchants in his store in about 1970, not too long after the defeat of the UBP. Miraculously, the merchant recognized her from her childhood in the 1920s, when she would come from Long Island on her grandfather’s sailing vessel, which docked at the market range, not far from his store.
PLP defends social security plan in wake of IDB report
ENGLERSTON MP Glenys Hanna Martin yesterday chastised the government for scrapping a $5m welfare reform project “without just cause”, calling it proof the government is more committed to “gimmicks” and “politically sexy” interventions than alleviating human suffering.
Tennis nationals: Cartwright regains ladies' title
KERRIE Cartwright knew that if she wanted to regain her ladies title in the Bahamas Lawn Tennis Association’s 2019 Giorgio Baldacci National Open Tennis Tournament, she would have had to play her best against defending champion Sydney Clarke. As the
THE PRESS BOX: Big names are on the move as NBA trade season opens
THE NBA trade season is in full swing now that we’ve reached December 15, the unofficial starting point. Here are a few big names that could be on the move to new NBA homes, in very short order.
BPL: $27 family bill rise 'critical to turning page'
Bahamas Power and Light (BPL) today reveals the “average” family will see a $27 per month increase in their bills from March 2020 onwards to help service its $650m debt refinancing.The utility, in an advertisement in today’s newspaper, says a “new l
Cost Right lease's five-year extension for half the space
AML Foods has secured a five-year lease extension for 50 percent less space at its Town Centre Mall-based Cost Right store while it waits for the fate of its new location to be determined.Gavin Watchorn, the BISX-listed food group’s chief executive,
Robber blames sins of his relatives for breaking law
A 40-year-old man sentenced to over a decade in prison yesterday for robbing two food stores at gunpoint earlier this year attributed his criminal actions to a “generational curse” caused by incest in his family. Tyrone Minnis, upon receiving from J
Solomon's return awaiting Lucayan, airport resolution
AML Foods yesterday pledged to re-open its still-closed Solomon’s Freeport store once the fate of the Grand Lucayan and the island’s international airport are positively resolved.Gavin Watchorn, the BISX-listed food retail group’s chief executive, to
$5m waste of axed welfare reform plan
Poverty-stricken families and the Bahamian taxpayer have received almost no value from a near-$5.4m investment in welfare reform that was halted by the Minnis administration.
