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Insurer’s $5m payout to boost equity return
A Bahamian insurer will “significantly reduce our cost of capital” by redeeming $5m in preference shares as it awaits regulatory approval to acquire an agency owned by one of its main shareholders.
Ayton and Suns one win from NBA Finals
BAHAMIAN DeAndre Ayton and his Phoenix Suns are now in the driver’s seat of the National Basketball Association’s Western Conference Finals.
DIANE PHILLIPS: A Rose that will always bloom
THERE are photographers and then there was Roland Rose.
Ayton leads Suns with 18 in loss to Clippers
LOS ANGELES (AP) — Paul George scored 27 points and the Los Angeles Clippers pulled away in a dominant third quarter, beating newly returned Chris Paul and the Phoenix Suns 106-92 last night in Game 3 of the Western Conference finals.
FRONT PORCH: States and citizens playing Russian Roulette with COVID
The Bahamas is making progress in the uptake of SARS-COV-2 vaccines by Bahamians. The uptake is consistent and steady. Yet, it is not as good as it can be nor as good as other jurisdictions where citizens are taking vaccinations at a quicker and eager pace.
‘Get creative’ over govt debt aversion
The government was yesterday urged to “become more creative” in the Bahamian debt markets as traditional purchasers of its bonds increasingly reject long-term paper due to the mounting fiscal crisis.
Minister’s cargo hub plans for GB airport
Establishing the city of Freeport as an air cargo transshipment hub could generate the extra income required to make its rebuild attractive to private capital and operators/developers, a Cabinet minister said yesterday.
FIBA Women’s EuroBasket: Jones and her team eliminated
GRAND Bahamian Jonquel Jones had another terrific game, but it wasn’t enough as Bosnia and Herzegovina ended their run at the FIBA Women’s EuroBasket in the quarterfinals on Tuesday in Strasbourg, France.
Deandre Ayton soars for last second alley-oop, Suns top Clippers to take 2-0 lead in West finals
PHOENIX (AP) — Deandre Ayton jammed an alley-oop pass from Jae Crowder with 0.7 seconds left, giving the Phoenix Suns a thrilling 104-103 win over the Los Angeles Clippers last night in Game 2 of the Western Conference finals.
Now Wells hopes herd immunity by August
MINISTER of Health Renward Wells says the government hopes the country achieves herd immunity against COVID-19 by August.
PM hails $350m Shipyard move
The prime minister yesterday said the government is working on “a new partnership agreement” with the Grand Bahama Shipyard’s cruise line owners as he hailed their $350m investment in two new dry docks.
‘Do or die’: Jones has another double double
Grand Bahamian Jonquel Jones posted another double-double to help Bosnia and Herzegovina win their first playoff game to stay alive in the FIBA Women’s EuroBasket Championships.
Junior golfers take home national amateur titles
HEATHCLIFF Kane and Anne Fernandez emerged as the Bahamas Golf Federation’s 2021 National Amateur Golf Championships’ male and female champions.
Commission defends process to select judiciary
THE Judicial and Legal Service Commission has defended the process behind the selection of newly appointed judges and magistrates. After the JLSC announced the appointments in May, there was criticism and speculation in some quarters.
STATESIDE: Showdown in Switzerland but the real challenge is elsewhere
Didn’t it all feel like the run up to a heavyweight boxing match or even the titanic showdown between two powerhouse American football teams?
Union of Central Bankers members walk off the job
MEMBERS of the Union of Central Bankers walked off the job yesterday citing unresolved grievances with management.
Bahamasair sees revenues fall 84%
Bahamasair’s revenues for the ten months to end-April 2021 plunged by 84 percent year-over-year, a Cabinet minister revealed yesterday, with taxpayers set to underwrite its survival via a $60m-plus subsidy.
‘Phenomenal’ tourism pick-up - but still below 2019 levels
A Cabinet minister yesterday hailed the “phenomenal rate of increase” in stopover visitor arrivals as a sign “tourism is bouncing back” even though the industry remains more than one-third below 2019 numbers
Water Corp sees cash collections decline by $6m
The Water and Sewerage Corporation continues to endure COVID-19’s “devastating impact” on cash collections which have decreased by 24 percent or nearly $6m year-to-date, its executive chairman said yesterday.
Fisheries exports enjoy 19% value increase in 2020
Bahamian fisheries generated a 19 percent increase in the value of its export earnings in 2020 despite a reduction in the volume of domestic landings, a Cabinet minister disclosed yesterday.