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Credit unions brace for ‘heightened oversight’
The Central Bank has pledged that credit unions will be subjected to “heightened oversight” because they have “very minimal excess capital” with which to withstand a surge in COVID-related loan delinquencies.
Union chief warns there must be safety plan for all in schools
BAHAMAS Union of Teachers president Belinda Wilson believes schools should reopen in the coming weeks as planned but warned a comprehensive strategy must be implemented for the safety of all.
Five more deaths and 334 confirmed cases since Friday
THE Bahamas recorded 334 new COVID-19 cases since Friday along with five new deaths.
Doctors in 40% public GB hospital ownership
Doctors Hospital is planning to offer at least a 40 percent collective ownership stake to Grand Bahamians in the $15m-$20m hospital it plans to open on that island by the 2022 second quarter.
132 new cases of COVID-19
THE latest Ministry of Health COVID-19 Dashboard has recorded 132 new infections in The Bahamas with 94 of them being in New Providence.
BPL discloses staff pay as union relations sour
Bahamas Power & Light (BPL) last night said line staff earned average “cash compensation” of almost $58,000 during its 2020 financial year as industrial relations at the utility appeared to further sour.
Regional insurer in acquisition deal
A pan-Caribbean insurer with a Bahamian subsidiary yesterday confirmed that Peak Reinsurance Company has agreed to acquire 100 percent of the group subject to closing conditions and regulatory approvals.
ART OF GRAPHIX: The ‘heavy hitter’ for editing video
Adobe Premiere Pro is the heavy-duty hitter that can be used for anything from short films to feature films. I think you would be hard-pressed to know a creative who has not heard of Adobe Premiere Pro. It is one of Adobe’s flagship programs that likely sits just behind Photoshop in terms of popularity. Adobe is to graphics and video what Microsoft is to data.
ALICIA WALLACE: Time to get serious again and follow the protocols – just like we did a year ago
Here we are again, COVID-19 case numbers rising, tightened restrictions and numerous questions about the effectiveness of the measures put in place by the government. No one wants to be restricted like this, but most of us understand we all need to cooperate in order to help save lives by reducing the spread of the virus.
Liquidator blasts own creditors committee
A Bahamian broker/dealer’s liquidator has resumed battle with his own creditors committee by blasting their criticism of his $1m-plus fees as “significantly lacking in substance, truth and accuracy”.
Govt defending ‘sole source’ Customs app
A top Ministry of Finance official yesterday defended the decision to accept a “sole source” bid for the app that now allows persons to file their Customs declarations electronically prior to arrival in The Bahamas.
Unions fearing ‘chilling effect’ if orders extend
Trade union leaders yesterday warned that any extension of the COVID-19 Emergency Orders will have “a chilling effect” on the Bahamian workforce with 60 percent of hotel union members still furloughed.
Low testosterone levels in men linked to more severe COVID-19 cases
A fourth COVID-19 surge in reported cases, hospitalisations and deaths has our small nation’s healthcare system on the brink of disaster. The more contagious Delta variant and vaccination hesitancy among young adults, in particular, has led to an increase in younger COVID-19 patients being admitted to hospital with severe cases of the virus, when compared to the three previous pandemic surges.
Captain held after ‘threats to his crew’
POLICE are questioning a boat captain after his vessel was brought into New Providence on Sunday by the Royal Bahamas Defence Force for allegedly threatening his crew.
Tourism ‘90% unaffected’ by COVID-19 tightening
Tourism industry executives yesterday voiced optimism that the industry’s recovery will not be impacted by the government’s tightening of COVID restrictions, with one asserting it will be “90 percent unaffected”.
You may have heard this before from BPL . . . PLEASE BEAR WITH US
BAHAMAS Power and Light chairman Dr Donovan Moxey has called for consumers to “bear” with the company following several recent power outages in New Providence, insisting the electricity provider is doing “ everything” it can to improve service.
Roker signs with Acunsa Gipuzkoa in Spain’s LEB Gold League
AZARO Roker’s first step on his professional basketball journey will begin in Spain.
The importance of the Olympic Games
ActivTrades
THE Summer Olympics finally got on the way last Friday, in Tokyo after a year’s delay caused by the pandemic.
Munroe makes debut in Dominican Summer League
KRISTIN Munroe made his professional debut in the Dominican Summer League over the weekend and gave the Los Angeles Angels an early look at the productivity he hopes to bring to the organisation.
URCA demands Cable Bahamas pull political ad
THE Utilities Regulation and Competition Authority has ordered Cable Bahamas Limited to immediately cease and desist from broadcasting a political advertisement of Progressive Liberal Party Leader Philip “Brave” Davis that has been showing on its channels.
