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Deflation in the East
ActivTrades
Everyone in The Bahamas is feeling the rising cost of goods, energy and transportation. No matter if you visit the food store, turn on your AC or fuel up your car, you are paying more for these necessities than compared to the previous year. But the inflation rate in the islands is decreasing, and went down from 3.1 percent to 2.3 percent when compared to last year.
Jones posts 17pts, 12 rebounds, 2 blocks
IN the midst of contract negotiations with the Connecticut Sun during WNBA free agency, Jonquel Jones continues her series of dominant performances in the Russian Premier League.
Exchange rate was 'never in jeopardy'
The Bahamas’ $838 million foreign currency reserves “are in line” with both their internationally-recognised adequacy benchmarks, the Central Bank of the Bahamas governor yesterday saying the one:one US dollar peg was “never in jeopardy” over the past decade.
Boston survives 42-point night by LeBron, down Cavs 107-94
BOSTON (AP) — Jaylen Brown scored 23 points and the Boston Celtics withstood a 42-point night by LeBron James to beat the Cleveland Cavaliers 107-94 last night and take a 2-0 lead in the Eastern Conference finals.
Arbitration unnecesary over Baha Mar dispute
A well-known QC says there is no need for a formal arbitration process to resolve the $3.5 billion Baha Mar dispute, arguing that the court-appointed joint provisional liquidators (JPLs) were fully capable of mediating and “sponsoring a resolution”.
Munroe slams E&Y’s presence in court
The Government dropped Ernst & Young as its provisional Baha Mar liquidators due to concerns that it had done work for the developer and was also a creditor.
Shake off 'self-imposed investment xenophobia'
By NATARIO McKENZIE
Downtown group hopes cruise ports ‘benefit all’
THE Downtown Nassau Partnership (DNP) yesterday said it hopes that the cruise port developments eyed for both Nassau and Freeport will benefit “all stakeholders”.
Brewery shrugs off $10m storm costs
Commonwealth Brewery shrugged off more than $10 million in Hurricane Matthew-related damage and business interruption costs to post a 45 per cent year-over-year profits increase for 2016.The vertically-integrated, BISX-listed brewer foreshadowed an i
$25m initiative to reverse 85% small firm credit rejection
A $25m Inter-American Development Bank (IDB) loan is aiming to reverse an 85 percent rejection rate on small business financing applications, it was revealed yesterday.
Brewery targets brand marketing
COMMONWEALTH Brewery maintained its cautiously optimistic outlook at its first shareholders annual general meeting (AGM), following a year in which it paid out 100 per cent of profits in a collective $0.58 per share dividend.
Bridgewater leading scorer with 22.4 points per game
DOMNICK Bridgewater continues his dominant play in his second stint in France’s NM2 League.
Henfield shocked to be on loan list
SENATOR Ranard Henfield has been included on a list of people with outstanding delinquent loans to the Education Loan Authority. His name was included alongside 98 others in a notice published in a local newspaper yesterday. “We have not been able
Man faces court over death of 11 Haitians in boat sinking
AN Abaco man who allegedly owned a boat used in a human-smuggling operation that ended up with 11 of its 28 passengers dead was brought to court yesterday. However, 43-year-old Alphonso "Carpo" Ed
sports inbrief
BASKETBALL GSSSA FINALS THE Government Secondary Schools Sports Association (GSSSA) best-of-three championship series is slated to begin at the Kendal Isaacs gym on Thursday. In the junior girls division at 4pm, the H O Nash Lions are scheduled to take on
sports inbrief
BASKETBALL GENEVA RUTHERFORD GIRLS' TOURNEY RESULTS from day one of the HOYTES 2012 Geneva Rutherford Girls National Basketball Classics in Grand Bahama are as follows: Jr Girls: Temple Christian def. Catholic High 30-23. Sr Girls: Tabernacle def. Centr
Committee set up to advise on university president search
THE board of trustees of University of The Bahamas has appointed a Presidential Search Committee to establish the process by which the new institution’s president will be selected and hired.
Junkanoo icon Anthony ‘Stick-A-Tone’ Johnson dies
THE sporting fraternity of softball and baseball as well as the junkanoo world is mourning the loss of Anthony ‘Stick-A-Tone’ Johnson. Johnson passed away last week. He joined the Saxons in 1967 and brought with him a group of men from Market Street called ‘The Lollipop Boys,’ who included Jay Fox, Katanga Johnson, Kenny ‘Mary’ Fox and KC Campbell.
Downtown derelicts
For over ten years many of us have been staring at the decaying structures blighting eastern Bay Street, and agitating for their reconstruction, replacement, or demolition. Never seeing any action, our eyes now just glaze over as they scan the continuing dilapidation in the Zombie Zone.
Forum discusses amendments to insolvency regime
The Restructuring and Insolvency Specialists Association (RISA Bahamas) has held its first roundtable discussion on proposed reforms to The Bahamas’ insolvency framework.
