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Hitting near 3% growth to make ‘incredible difference’
Economic growth in the “upper 2 percent” range and above will make “an incredible difference” to The Bahamas’ economic prospects if achieved consistently, the Central Bank governor asserted yesterday.
Mortgage loan approvals decline to under one-third
Less than one out of every three mortgage loan applications was approved in the 2023 first half despite total credit applications to the commercial banking sector increasing by 9.4 percent year-over-year.
Decathlete Mullings in position for medal
Track and field gets underway at 19th Pan American Games
National record holder Ken Mullings positioned himself for a medal in the men’s decathlon yesterday as the track and field competition got underway at the 19th Pan American Games in Santiago, Chile.
Bahamian developer in deal at Goodman’s Bay
A well-known Bahamian developer behind projects such as Balmoral, ONE Cable Beach and Aqualina is eyeing the imminent acquisition of a prominent Goodman’s Bay property.
Attorney loses appeal on ‘forged’ bank drafts
A Bahamian attorney yesterday failed to overturn the rejection of his “gross negligence” claim against Scotiabank (Bahamas) after two “fraudulent” bank drafts left his account overdrawn by $165,000.
UB Mingoes turn in the largest win ever in international play
LAUDERHILL, Florida — The University of The Bahamas men’s soccer team scored early and often against Fort Lauderdale University in The Mingoes’ largest win in international play.
‘Junkanoo Boyz’ end up in 2-2 draw
The Junkanoo Boyz spoiled the Benna Boys chances of earning back-to-back wins when they secured a 2-2 draw yesterday evening in an away game in Piggotts, Antigua and Barbuda.
Jonquel Jones helps Liberty take Game 3 of WNBA Finals, avoid sweep
NEW YORK (AP) — Jonquel Jones scored 27 points and Breanna Stewart added 20 to help the New York Liberty beat the Las Vegas Aces 87-73 yesterday in the WNBA Finals and force a Game 4.
PETER YOUNG: Refugee Convention facing fierce debate on rules changes for asylum seekers
IT is too soon to offer comment about the terrible events in Israel that unfolded yesterday – the deadliest day Israel as a country has ever known.
Scotiabank playing its part in climate change battles
The recent spate of mega storms, hurricanes and other natural disasters in the Caribbean has served as a stark reminder of how our way of life is affecting the climate. It is a wake-up call for us to seriously reconsider our treatment of planet earth.
Eric Wiberg – Taxied to beach, hit trees and sank
TAXIED to beach, hit trees, and sank: these seven words encapsulate a bad day for a dozen men.
Regulator: ArawakX portal provider owed $28k debts
ArawakX’s assertion that it faces no creditor demands is contradicted by complaints it has failed for months to settle a $28,000 bill due to the firm that serviced its crowd-funding portal, regulators alleged yesterday.
Rating agencies set ‘true north’ on Bahamas reform
International credit rating agencies have set “almost a true north” for The Bahamas to reach when it comes to key economic and fiscal reforms, a governance reformer argued yesterday.
Health insurance costs rise ‘across the board’
Bahamian companies and individuals are facing “across the board” increases in health insurance premiums as a result of up-to double digit increases in medical and reinsurance costs, it was revealed yesterday.
PETER YOUNG: In the short term, the country’s energy security comes first
HAVING written as recently as August in some detail in this column about climate change, I only refer to the subject again today because it has hit the news in Britain following approval last week of a new offshore oil and gas development in the North Sea called Rosebank.
Bahamian bank in ‘new territory’ via $42m raise
A Bahamian investment bank yesterday said it has entered “new territory” by spearheading a pan-Caribbean $42m capital raise to fund the renewable ambitions of a conglomerate that owns the local Esso operation.
Inflation to stay ‘high’ as food costs up 11%
The Central Bank yesterday warned Bahamian consumers that inflation will remain “high” in the near-term, and decline more slowly than in other countries, with food and drink prices rising 11 percent over the year to end-June 2023.
Moody’s backs trimmed 3% Bahamas growth projection
Moody’s yesterday backed forecasts of lower 3 percent economic growth for The Bahamas in 2023 as it noted the Government’s multi-billion refinancing plan almost totally depends on loans and guarantees from multilateral lenders.
ArawakX: Our ‘$70m pipeline’ is neglected
ArawakX’s chairman is asserting that regulators are placing too much emphasis on “accounting law” and ignoring “pipeline” business that could be worth up to $7m in fee income for the platform.
DIANE PHILLIPS: Creative solutions needed to address society’s inequities
A MAN sleeps in his car, hoping it will not rain tonight so he can keep the windows open. Not far away, a few miles along the coast, another man writes a cheque for $3.2m for a beachfront condo he will use six weeks of the year.
