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Deficits overwhelm growth six-fold in driving debt hike

Weak economic growth has been overwhelmed by the six-fold greater impact of surging fiscal deficits and failed to keep The Bahamas’ debt ratios in check, a multilateral lender is asserting.

Munroe gives public warning of habitual sex offender’s release

A MAN convicted of 20 sexual assault offences over nearly 20 years will be released from prison today.

Restaurant chain eyeing 20% bond for expansion

A restaurant entrepreneur, who financed his expansion via crowdfunding, yesterday said he now plans to offer a short-term bond paying 20 percent interest to fund the $150,000 required for outfitting a third location.

‘Explosive’ hurricane forecast predicts over 20 named storms for 2024 season

THE Atlantic 2024 hurricane season, expected to begin in less than two months, has been forecast to be “explosive”, with weather forecasting company AccuWeather projecting 20 to 25 named storms, and eight to 12 hurricanes – with four to seven of those expected to be major hurricanes.

Up to 25 years jail for gang members in proposed law

LONG-AWAITED anti-gang legislation was tabled in the House of Assembly yesterday - with gang members facing up to 25 years in prison.

Bahamians turn out to be baptised during ‘Reaping the Harvest’ weekend

More than 20 individuals gave their lives to Christ and were baptised by water in during a special weekend hosted by Life Changers Ministries International (LCMI).

Big Red Machine just keeps rolling

The St Augustine’s College (SAC) Big Red Machine kept rolling at the 2024 National High School Track and Field Championships where they claimed six out of eight division victories on Sunday evening at the original Thomas A Robinson Stadium.

Jonquel Jones and NY Liberty continue Eastern Conference dominance

GRAND BAHAMIAN native Jonquel Jones and the New York Liberty continue to remain atop the Eastern Conference with a now 20-6 win/loss record. The team’s latest win came against the ninth-overall Los Angeles Sparks.

Babe Ruth Baseball Caribbean Region Championships all set for July 20-24

THE boys will be back in town to participate in the 2023 Babe Ruth Baseball Caribbean Region 12-and-under Championships and the 16-and-under invitational, scheduled for July 20-24.

New Era Gym Rats win GBABA title

THE Grand Bahama Amateur Basketball Association completed their best-of-five championship series at the St George’s Gymnasium on Saturday night.

CARIFTA: Team Bahamas picks up four medals in the morning field events

St George’s, Grenada: Team Bahamas continues to strive for excellence at the 51st CARIFTA Games adding four more medals to their count in the morning session of day two at the Kirani James Athletics Stadium.

‘Burden cannot be heavier with corporate income tax’

Corporate income tax must not impose a heavier tax burden on businesses than what already exists, private sector executives are warning, while urging that such proposed reform cannot be viewed in “isolation”.

Gov’t told: Avoid ‘piecemeal approach’ over tax reforms

The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”

Lincoln Bain defends declared net worth and liabilities

COALITION of Independents leader Lincoln Bain defended his $1.8m net worth yesterday, telling The Tribune that he gained his wealth through a successful investment strategy.

Man jailed for shopbreaking, stealing

A MAN was sentenced to eight months in prison after he admitted to breaking into a restaurant and stealing over $2,000 worth of property earlier this year.

Two men charged with armed robbery of a man in his home

TWO men were remanded in custody after they were accused of stealing $500 from a man during an armed home invasion in Fox Hill earlier this month.

Three men and three women plead not guilty to gun charge

THREE men and three women were granted bail yesterday after allegedly being found with a loaded gun in their car on Wulff Road last weekend.

Field athletes take home 23 out of 33 medals

OVER the last few years, the field events have garnered lots of attention as Bahamian athletes have risen to the occasion time and time again at all levels and, at the 51st CARIFTA Games in St George’s, Grenada, the field athletes delivered in a big way.

Sports Notes

THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.

‘Quality new credit’ hard to find with $127m drop

Fidelity Bank (Bahamas) says the more than $127m collective decline in outstanding mortgage and consumer loans during 2022 shows “quality new credit” and borrowers will be tough to find despite the economy’s rebound.

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