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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.
Twelve-year-old Finley Lambert sails away with Optimist National Championship title
AFTER returning since it was postponed in 2021 due to the coronavirus pandemic, 12-year-old Finley McKinney Lambert clinched the Optimist National Championship title in the waters of Montagu Bay.
Bahamas sees $900m boost from marine areas expansion
The Bahamas has generated a $900m annual economic boost by expanding its Marine Protected Areas (MPAs) to cover 20 percent of the country’s coastal environment, studies have estimated.
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.
Deandre Ayton posts his 17th double double of the season
DEANDRE Ayton was off his minutes restriction and had his most dominant performance of the three games he has been back on the floor since his return from an ankle injury.
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.
Under-40s slow to get vaccine
THERE is a low uptake in vaccinations among people under 40 compared to the older population, according to health data.
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”.
‘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.
Bank governor eases 2022 growth forecast
The Central Bank’s governor yesterday moderated his 2022 economic growth projection to “over 5 percent” with the tourism industry not returning to pre-COVID levels in the year’s first half.
Four more COVID-19 deaths confirmed
FOUR new COVID-19 deaths have been confirmed bringing the country’s fatality count to 735, according to the Ministry of Health Friday.
Flags return to full mast tomorrow
THE country’s flags, which were flown at half-mast at home and at embassies around the world after the death of Sir Sidney Poitier, will return to full-mast on Saturday.
Pair to appeal convictions for killing Breanna
THE Court of Appeal yesterday adjourned the substantive hearing of the appeals of two women convicted of murdering teenage mother Breanna Mackey four years ago.
Farmer raises climate query for $60m project
A BAHAMIAN farmer is questioning whether enclosed agricultural projects, such as Eeden Farms’ $60m Gladstone Road joint venture, can thrive due to this nation’s hot climate.
‘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”.
