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Delinquent mortgage buyer gives insurer $8m ‘windfall’
A Bahamian insurer yesterday said it is targeting a 15 percent profit increase for 2022 once the $8m “one-off windfall” it enjoyed last year from its investment in a delinquent mortgage buyer is stripped out.
Larson a victim of fragility?
I must confess from the outset that I too had joined the chorus of irate Black Bahamians subsequent to revelations in Parliament by Prime Minister Philip “Brave” Davis that the former Free National Movement (FNM) government had paid Susan Holowesko-Larson $1,750 per week to chair the National Food Security Taskforce.
Knowles hits 2nd walkoff in a week
FOR the second time in the series against the Stockton Ports, D’Shawn Knowles delivered late-game heroics and another walk-off win for the Inland Empire 66ers.
Tourism chief urges ‘all hands on deck’ to combat crime
A senior hotelier is calling for an “all hands on deck” approach to combating crime given that it poses “a major risk” to The Bahamas’ continued post-COVID tourism and economic recovery if not controlled.
Crypto Thieves
ActivTrades
FTX and SALT will jointly present a new event, Crypto Bahamas, that will debut this week from April 26-29 at the Baha Mar resort in Nassau. The invitation-only event will feature collaboration and networking among leading investors and builders in the digital assets industry.
Diane Phillips: Transforming an Eleuthera eyesore – a lesson for historic Nassau?
FOR 45 years, the single-storey stone building stood abandoned. Shards of glass were all that remained of what had been windows. Once the home of a local family, it slowly sank into a hideaway for rats and rodents, strewn with broken beer bottles and half-pints, blind to nefarious activity. The structure in total disrepair was not in some remote out of the way place, but in direct view of hundreds going and coming daily from Governor’s Harbour, Eleuthera to Cupid’s Cay and beyond.
Taylor Industries staff gain 33% of severance
Forty-one former staff of now-defunct Taylor Industries will receive just 33 percent of the total termination pay and benefits owed to them in what the company’s liquidator defended as “a relatively positive outcome”.
Delancy named SIAC player of the year
IN what has been an impressive debut season with the Benedict College Tigers men’s volleyball team, Bahamian Ras Jesse Delancy was named the Southern Intercollegiate Athletic Conference (SIAC) Player of the Year.
BTC continues regatta sponsorship
FOLLOWING a two-year hiatus due to the Covid-19 pandemic, BTC will continue its on-going sponsorship of the National Family Island Regatta that is being held this week in George Town, Exuma.
D’Shawn Knowles’ RBI single lifts his team to 9-8 win
A PERFECT night for D’Shawn Knowles came complete with a storybook ending - a walk-off hit in extra innings.
Rockets are NPBA Division 1 champions
THE Discount Distributors Rockets celebrated with a three-game sweep of the New Providence Basketball Association men’s division one championship series, dethroning the Commonwealth Bank Giants.
Galleria shuts cinema down - and workers file disputes
GALLERIA Cinemas has shut down and made its employees redundant after the COVID-19 pandemic weakened its business, according to Director of Labour Robert Farquharson.
Archer looks ahead to 2023 CARIFTA games on home soil
AFTER turning in another distant second place finish behind powerhouse Jamaica at the return of CARIFTA, Bahamas Association of Athletic Associations president Drumeco Archer said there’s a lot of work to do to prepare for the hosting of the 50th anniversary of the championships next year.
Inaugural Bain and Grants Town Summer Games set
MEMBER of Parliament Wayde Watson said one of the alternative ways of helping to deter some of the crime in his inner city community is to stage their inaugural Bain and Grants Town Summer Games.
Highest US COVID rating ‘paves way’ for test ease
A senior hotelier yesterday voiced optimism that The Bahamas’ achievement in attaining the highest-possible COVID rating with US health regulators “paves the way” for both to review the testing protocols required to enter their nations.
Stocks and wars
ActivTrades
“BUY when the cannons roar. Sell when the violins are playing.” This stock market wisdom comes from Carl Mayer von Rothschild (1788-1855), partner in the Frankfurt banking and trading house, M.A. Rothschild & Sons. “Be fearful when others are greedy and be greedy when others are fearful,” Warren Buffett also said.
CARIFTA: Bahamas second with 17 medals
With confirmation to host the 50th CARIFTA Games in 2023, the Bahamas’ 54-member team will return from Kingston, Jamaica, with second place with 17 medals, including four gold, at the top regional junior track and field competition.
Oil embargo
MINISTER of Economic Affairs Michael Halkitis’ comment to Our News about the government not benefiting from fuel inflation has rankled the feathers of many middle to lower class Bahamian households attempting to keep their heads above water.
NPBA Championships: Rockets sweep Giants
WHILE the Discount Distributors Rockets celebrated with a three-game sweep of the New Providence Basketball Association men’s division one championship series, dethroning the Commonwealth Bank Giants, the division II series between the Sun Oil Rockets and the Your Essential Store (YES) Giants will go right down to the wire in the fifth and deciding game.
Learning how to restore mangrove population
MANGROVE education and training is underway on Grand Bahama for some 30 participants at the Rand Nature Centre as part of a major Mangrove Restoration Project by Waterkeepers Bahamas and Earthcare Bahamas.
