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Fund’s record $75m inflow builds RF Bank ‘war chest’
A Bahamian investment bank yesterday said it expects to match last year’s record $75m inflow into its fixed income fund and further build a “war chest” to deploy as possibilities emerge in 2022.
Condo hotel targets September opening
A Goodman’s Bay-based condo hotel is “aiming” for a September opening with over 85 percent of the units already sold, the project’s developer said yesterday.
Minister: Investors only ‘prefer’ short term Gov’t bonds
A Cabinet minister yesterday conceded that Bahamian investors are only interested in short-term government debt after a one-year issue was oversubscribed by 14 percent.
Five more deaths confirmed
THE Ministry of Health has reported five more COVID-19 deaths and 93 additional cases over a three-day period.
Battle of the videostar
ActivTrades
FACEBOOK’S parent company, Meta (FB), has not had a bad year. Not every company can claim to have increased its sales by 37 percent in one year. The social networks, Facebook and Instagram, as well as the messenger, Whatsapp, generated almost $118bn following $86bn in the previous year. A good $29bn of that remains as profit.
Financial services can give itself ‘pat on back’
FINANCIAL institutions should give themselves “a pat on the back” for slashing the time taken to “cure” regulatory deficiencies to just 11 months, the Central Bank’s top inspector said yesterday.
Chamber chief: ‘Don’t get sidetracked’ over investor confidence
The Grand Bahama Chamber of Commerce’s president yesterday urged the Government “not to get sidetracked” by the furore over the Prime Minister suggesting investor confidence is “waning”.
‘I stole conch to support my family’
A 35-YEAR-OLD woman who claimed she stole $100 worth of conch last month to make extra money to support her family was discharged with a warning yesterday.
‘JJ’ cans season high 28pts
JONQUEL Jones celebrated Tuesday’s new contract announcement with the Connecticut Sun with her most dominant performance on the FIBA EuroLeague Women’s circuit.
‘Closing the shortfall’: Port off 3% versus pre-COVID
Nassau’s main commercial port has “closed significantly on making up the shortfall” with container volumes just 3 percent off pre-COVID volumes for the 2021 second half.
Milo Butler aims to ‘reignite’ Freeport
The Milo Butler Group is aiming to “reignite” downtown Freeport via a potential $10m investment, with renovations to the former City Markets building set to finish within the next 90-120 days.
$3.2m acquisition to be donated for GB hospital
Doctors Hospital has teamed with three philanthropists to close the $3.2m purchase of its new Freeport facility and provide services to those who cannot normally afford private healthcare.
Eleven more COVID deaths added to toll
ELEVEN COVID-19 deaths were reported over a three-day period according to the Ministry of Health and Wellness, pushing the total number of reported deaths in the country up to 746.
Bahamians go head-to-head in Ontario Scholastic Association
A PAIR of Bahamians went head-to-head in a marquee matchup in Ontario Scholastic Basketball Association regular season play.
McCoy, Bastian lead teams to wins in NCAA Div. II basketball
MALACHI McCoy and Lathaniel Bastian led their teams to key conference wins and Jonathan McFall returned to the floor to highlight play from Bahamians in NCAA Division II basketball.
Minnis defends Prospect Ridge after criticism by government
FORMER Prime Minister Dr Hubert Minnis defended his administration’s proposed Prospect Ridge housing project after Transport and Housing Minister JoBeth Coleby-Davis said her tech team recommended it be left alone.
‘No disruptions’ for face-to-face instruction in Grand Bahama
THE resumption of face-to-face instruction on Grand Bahama continues to progress very well, according to District Superintendent of Schools Ivan Butler, who reported a high turn-out of teachers and students during the first two days.
Minister: Strong turnout by staff
EDUCATION Minister Glenys Hanna Martin said more than 85 percent of teachers showed up to work on Monday “despite being urged to turn off their computers and sit it out”.
Oil explorer plans no Bahamas work in ‘22
The former Bahamas Petroleum Company (BPC) yesterday said it will undertake “no material work” in this nation during 2022 other than maintaining its rights to renew four exploration licences.
Economy 2% smaller than pre-COVID at 2023’s end
The Bahamas’ economic output will still be 2 percent below pre-COVID levels even if growth forecasts through to end-2023 become reality, a local investment analyst warned yesterday.
