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Governor trims growth forecast ‘closer to 4%’

The Bahamas’ stopover visitor numbers rebounded to 97 percent of pre-COVID levels in the 2023 first quarter, the Central Bank’s governor said yesterday, while slightly trimming his full-year economic growth forecast.

National debt growth slows as hits $11.5bn

The national debt's growth rate slowed below 1 percent during the three months to end-March 2023 as the total sums owed by The Bahamas to its creditors rose to just under $11.5bn.

Just 8% of arable land being used for farming

Just 8 percent of all land allocated for Bahamian farming is presently being used for such purposes, it was revealed yesterday.

Doctors Hospital: Blake Road revenues surge on gov’t deal

Doctors Hospital has revealed that in-patient revenues at its Blake Road facility near-quadrupled during its 2024 first quarter due to the deal to treat public healthcare patients there.

CARIFTA TV payment cut in half on contract breach

An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.

Cable 'accelerates' fibre due to Elon Musk threat

Cable Bahamas is "accelerating" the roll-out of its fibre-to-the-home network infrastructure in response to the competitive "threat" posed by Elon Musk's Starlink, its chief executive revealed yesterday.

Public sector debt drops $93m during first quarter

Total public sector debt fell by $93m during the first quarter of the 2023-2024 fiscal year, it was disclosed yesterday, cutting it slightly from its June peak as the foreign currency share fell by 1.5 percentage points.

Gas retailers: ‘This is the time’ for margin increase

Bahamian petroleum retailers yesterday urged “this is the time” to grant a margin increase following last week’s 64-cent price drop with many said to be on the brink of “throwing away the keys”.

$7m overspend on sports events

BAHAMIAN taxpayers incurred an extra $7m bill to cover cost overruns for two much-hyped sporting events that were hosted last summer, the Government’s financial watchdog has revealed.

Samuel P Haven Junior High Schools Soccer Nationals

THE Samuel P Haven Junior High Schools Soccer Nationals returned to the Roscow A L Davies soccer field for the third consecutive day. Yesterday’s trio of games saw the girls of Lyford Cay International School take on the Anatol Rodgers Timberwolves.

Comets, Hurricanes repeat as junior soccer champions

The junior portion of the Bahamas Association of Independent Secondary Schools Sports (BAISS) Soccer Championships is officially in the books.

‘Record growth’ for tourism according to bank report

TOURISM is showing “record growth” according to a new report from the Central Bank of The Bahamas - while economic growth continues at a moderate pace.

BISX-listed firm ‘qualified’ for second straight year

A BISX-listed company’s top executive yesterday moved to reassure shareholders after auditors issued a “qualified opinion” on its annual financial results for the second consecutive year over the same issue.

DOUBTS OVER SMITH’S ‘ABSURD’ ASSET CLAIM: Sands asks how can former passport chief not have bank account

DR DUANE Sands ripped into Kingsley Smith’s financial declarations for the West Grand Bahama and Bimini by-election, insisting the PLP’s candidate has “absurdly” implied that he does not have a bank account.

Scotiabank playing its part in climate change battles

The recent spate of mega storms, hurricanes and other natural disasters in the Caribbean has served as a stark reminder of how our way of life is affecting the climate. It is a wake-up call for us to seriously reconsider our treatment of planet earth.

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