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Dirty money - The biggest policy failure of all
THE Central Bank’s former chief enforcer says the US and UK are the biggest recipients of “dirty money” and suggests racial bias against countries like The Bahamas in anti-money laundering (AML) programmes.
Negotiator: Talks with BUT ‘99.9% complete’
A SENIOR negotiator for the government says talks are 99.9 percent complete regarding contractual articles with the Bahamas Union of Teachers.
Team Bahamas 6th overall in Caribbean Amateur Golf Championships
THE Bahamas concluded the 65th Caribbean Amateur Golf Championships with a sixth place finish in the standings for both the George Teale Trophy and the Hoerman Cup.
Jonquel Jones has 17pts and 10 rebounds but Sky get 94-91 win over Sun
CHICAGO (AP) — Jonquel Jones had 17 points and 10 rebounds for Connecticut (22-11) but it wasn’t enough as the Chicago Sky beat the Sun 94-91 yesterday to set the franchise record for wins in a season.
$170m Exuma project targets up to 300 jobs
A $170m investment targeted at Exuma’s southern tip is pledging to create up to 300 full-time jobs - plus several hundred construction posts - via the phased build-out of a mixed-use resort and residential project.
‘Taking Over-the-Hill projects to new level’
A prominent doctor is asserting that his planned 15-storey parking garage and residential condo complex on Collins Avenue will “take Over-the-Hill developments by Bahamians to another level” if approved.
Explorer: We won’t sell off Bahamas heritage
An underwater explorer has pledged not to sell or “split up” the valuable gems and historical artifacts it is recovering from the wreck of a centuries-old Spanish treasure galleon in Bahamian waters.
Governor targets loan delinquency ‘under 5%’
The Central Bank’s governor yesterday said he is targeting a commercial bank loan delinquency rate of “less than 5 percent” as some institutions push for an easing of lending restrictions.
PM’s ‘intervention’ sought over 130 Gold Rock jobs
The Opposition’s leader yesterday voiced optimism that the Prime Minister’s “intervention” will prevent “a substantial blow” to Grand Bahama’s economy with up to 130 jobs threatened by the Gold Rock group’s closure.
Carnival to begin dredging within 90 days for mega cruise port in East Grand Bahama
Carnival expects to commence dredging in East Grand Bahama for its mega cruise port in the next 60 to 90 days, a Carnival Corporation executive told hundreds of residents gathered at the Grand Lucayan Resort on Thursday evening.
PAHO: Be vigilant over monkeypox
THE Pan American Health Organisation (PAHO) has urged countries in the region to remain vigilant in light of monkeypox being declared a global health emergency.
Doctors enjoys up to 40% non-COVID revenue rise
Doctors Hospital plans to unveil its new Bay Street pharmacy within 30 days, a top executive revealed yesterday, with monthly non-COVID revenues up to 40 percent higher than pre-pandemic comparatives.
‘New monster in the house’ on small business funding
The finding that 99 percent of Bahamian firms had no interest in seeking debt financing in COVID’s aftermath was yesterday branded “irrelevant” by a small business adviser, who warned: “We have a new monster in the house.”
Tourism ‘market mix’ can beat Fed’s interest hike
The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday voiced optimism that “pent-up” travel demand and a high-end “market mix” can sustain the post-COVID rebound despite the Federal Reserve’s latest tightening.
‘Polluter must pay’ says minister after fuel spill
ENVIRONMENT and Natural Resources Minister Vaughn Miller yesterday would not say whether negligence played a role in last week’s oil spill at Exuma.
‘Survivors will be humanely treated’
ONLY two Haitian survivors from Sunday’s deadly boating tragedy had work permits to be in the country, Labour and Immigration Minister Keith Bell revealed yesterday, as he promised survivors would be treated humanely.
Eight tennis juniors take advantage of JITIC u-14 competition
EIGHT young Bahamian tennis stars are competing in the Under- 14 JITIC regional event in Mexico.
Minister pledges ‘polluter will pay’ over Exuma spill
A Cabinet minister yesterday pledged that “the polluter will pay”, with the Government “holding their breath” that last week’s Exuma oil spill does no long-lasting harm to the area’s marine life.
PETER YOUNG: A breakthrough of sorts - but will the Russians stick to it?
A major development in the war in Ukraine has raised faint hopes of peace in the longer term. An agreement with Russia was signed last week to restart the export of grain, though there is a danger that it may have already been derailed because of the firing of missiles at the Ukrainian Black Sea port of Odesa over the weekend.
Gov’t hires Rothschild for $11.8bn debt help
The Government has hired Rothschild & Co, a major global financial group, to advise on what could become a “massive refinancing” of much of the country’s $11.8bn national debt, it was revealed yesterday.
