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Payment provider eyes 20-25% profit increase
A Bahamian digital payments provider is forecasting a 20-25 percent profits increase in 2022 based on the financial transactions it handles being “no less than double” this year’s $100m.
Alvin Sargent still making his contribution to amateur boxing
AFTER devoting more than 50 years in the sport, International Boxing Association (AIBA) referee Alvin Sargent, right inset, is still making his contribution to amateur boxing.
FRONT PORCH – Climate Emergency: When a Cat 5 Strikes Nassau?
There is a deep ocean of rhetoric from countries producing the vast majority of carbon emissions heating our planet, with myriad pledges on reducing emissions, and promises cum pledges of funds for developing countries facing existential danger amidst rising sea levels, increasing inequality and natural disasters.
Assessment ordered of BPL operations
THE government has ordered a rapid assessment of Bahamas Power and Light’s operations in order to create a strategy for the way forward, according to Public Works and Utilities Minister Alfred Sears yesterday.
Hotels won’t rebound to pre-COVID employment
A top hotelier yesterday conceded it will “be very difficult” for existing Bahamian resorts to fully return to 100 percent of pre-COVID staffing levels due to the changed working environment.
Pro basketball player ‘Shaq’ Cleare will return to Spain
SHAQUILLE Cleare will return to Spain in the Española de Baloncesto – Gold while Travis Munnings and Kino Burrows had season high performances for their respective clubs.
Bahamas to benefit from agriculture initiative
THE Bahamas will benefit from the Agriculture Innovation Mission for Climate (AIM for Climate) – a major new initiative led by the United Arab Emirates and United States with the support of over 30 governments.
Townhouse’s helping hand for Harbour Island students
ROMALIA’S Townhouse donated 65 backpack school bags and 36 drawstring bags with assorted school supplies, nutritional snacks and toiletries to the Harbour Island All Age School last month.
‘Buddy’ Hield scores 19 in loss to Jazz
NBA star Chavano “Buddy” Hield scored 19 points, jawing with Donovan Mitchell, but it wasn’t enough as the Utah Jazz prevailed with the victory in Salt Lake City, Utah, last night.
FACE TO FACE: A tragic price paid for those who won’t take the vaccine
WHEN Erin Bethell-Jones assisted her grandmother, Janey with receiving her vaccine for protection against COVID-19, it was a proud moment. She wanted her to be safe in a pandemic and live as many healthy happy years as she could. However, last month Janey passed away from a non-COVID-related issue. What tore Erin up is that she felt her grandmother would still be alive if an ambulance was able to come for her.
Gov’t ‘reaching ceiling’ on debt
The Government may be reaching its debt limits given that such liabilities are now bigger than the economy, the Debt Advisory Committee’s head warned yesterday.
COVID loan defaults ‘not as bad as feared’
The Central Bank’s governor yesterday said the rise in COVID-related loan delinquencies is not as bad as feared with the increase set to fall “well below” the previous 15 percent peak.
‘Stressed’ oil explorer facing a $19m deficit
The oil explorer seeking to renew four drilling licences in Bahamian waters yesterday admitted it is in “a stressed financial position” with outstanding bills exceeding its cash resources by $19m.
Debt consolidation leads loan requests
Bahamians are struggling to finance “big ticket items”, the Central Bank’s governor said yesterday, given that debt consolidation accounts for 36 percent of all consumer loan applications.
Food process hub targets $1.8m crowd fund raising
An all-woman partnership is seeking to raise $1.8m via the ArawakX crowd funding platform and become “the regional hub” for food processing and export distribution.
VAT cut’s ‘modest’ jobs, growth effect
Cutting the VAT rate to 10 percent will cause “only slight improvement” in job creation and economic growth, a University of the Bahamas (UoB) study asserts, while advocating it still “be pursued’.
Ayton sidelined with right leg contusion – Suns centre posts second straight double double
Deandre Ayton had his second consecutive double double of the season but was also sidelined with a right leg contusion.
Burrows and Tigers get wins over Woodswide and Capers, Gibson and Huskies open season victorious
THE 2021-22 Atlantic University Sport men’s basketball season tipped off on October 29 and several Bahamians were active for their respective programmes in opening weekend double headers.
Sweeting’s Cay residents ‘are still sleeping in tents’
MYLES Laroda, State Minister in the Office of the Prime Minister, was concerned that some Sweeting’s Cay residents were sleeping in tents, two years following Hurricane Dorian.
RBDF promotions approved ‘soon’
ROYAL Bahamas Defence Force Commodore Raymond King said promotions for the organisation should be approved soon.
