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Vacation homes, retail driving Andros growth
The Andros Chamber of Commerce president says the island experienced “significant growth” in 2021 with vacation homes and the retail sector leading the way.
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Compass Point restaurant to follow resort into closure
COMPASS Point’s restaurant will close at the end of July, its proprietor confirmed yesterday, following the previous shuttering of the resort.
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Coral disease fighter: ‘We are being seen as pirates’
The scientific institute spearheading The Bahamas’ fight against a killer coral disease yesterday said it may have to start slashing local jobs this summer due to permitting woes, adding: “We’re being viewed as potential pirates.”
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FIFA U-15 CentroBasket: Two defeats for Bahamas
THE Bahamas’ team at the FIFA Under-15 CentroBasket Championships got a rude awakening in the first two games they played over the weekend at the Fernando ‘Rube’ Hernandez Coliseo in Gurabo, Puerto Rico.
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‘Fantastic’ food tariff cuts won’t fully offset inflation
The Budget’s tariff cuts “can’t compensate” fully for the 20 percent increase in food prices since late 2021, Super Value’s principal said yesterday, although they may cover “half of what was lost” by the return of breadbasket VAT.
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Family Island companies struggle with price rises
Family Island businesses yesterday said they are struggling to contain prices as they grapple with soaring inflationary pressures impacting the entire world.
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Disabled crane operators lose Weather Dept tornado claims
Three former Freeport Container Port operators have lost their bid to claim damages from the Government over disabilities and “extensive psychological trauma” resulting from the March 2010 tornado that devastated the firm’s operation.
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Ex-GBPA chair loses $82k claim strike out
A former Grand Bahama Port Authority (GBPA) chairman’s bid to be removed as a defendant in an $82,300 claim brought by three ex-employees of his insolvent BISX-listed company has been rejected by the Supreme Court.
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AML: 8,000 sign-up for shopper loyalty move
AML Foods says more than 8,000 consumers have already signed up for its latest loyalty initiative that has been launched to help Bahamians combat soaring inflation.
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BPL woes can’t be solved ‘overnight’
Bahamas Power & Light’s (BPL) struggles to keep the power on are the result of “legacy issues” that cannot be solved “overnight”, a trade union leader asserted yesterday.
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Ex-finance minister: No fear on $2.3bn roll over
A former minister of state for finance yesterday said he expects the near-$2.3bn in Bahamian dollar debt, which is due for repayment over the next 18 months, to be rolled over without any alarm.
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‘Still among leaders’: But Bahamas’ FDI down 60%
The Bahamas is “still among the leaders” despite a United Nations (UN) agency yesterday revealing that foreign direct investment inflows to this nation declined by 60 percent year-over-year in 2021 to $360m.
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Bahamasair: Extra $200k weekly fuel bill ‘won’t suffocate’ demand
Bahamasair’s top executive yesterday voiced optimism that a fuel bill which has skyrocketed by up to $200,000 per week “won’t suffocate” travel demand despite the airline readying “another small” fare increase.
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DOMES FOR RENT: Emergency homes in Abaco have been secretly rented out
DISASTER Reconstruction Authority executive chairman Alex Storr said investigations launched on the dome project on Abaco, initiated by the previous government administration, found some residents were renting the temporary housing structures for monetary gain.
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Agricultural Fund seeking to revive interest among young
A Cabinet minister yesterday said the Government plans to create an Agricultural Development Fund that will give young farmers access to grant and loan financing.
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$4.2bn in hurricane damages
THE Bahamas has suffered more than $4.2bn in damages and losses as a result of hurricanes over the last seven years, Prime Minister Philip “Brave” Davis revealed yesterday as he called for more to be done to fight against climate change.
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New York makes 13 3-pointers in win over Jones and Sun
UNCASVILLE, Conn. (AP) — Stefanie Dolson scored 16 points, including one of New York’s 13 3-pointers with 1:29 left, and Sabrina Ionescu had 11 points, 11 rebounds and six assists to help the Liberty beat the Connecticut Sun 81-77 last night.
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Capital Group gives $50k to youth education
TO celebrate its fifth year in business, IX Capital donated $50,000 for youth education in Financial Services.
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Warriors are NBA champions
BOSTON (AP) — The Golden State Warriors are NBA champions once again, topping the Boston Celtics 103-90 last night for their fourth title in the last eight seasons.
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Service honours Sir Sidney Poitier
A STATE-RECOGNISED Service of Thanksgiving in honour of the late Sir Sidney Poitier, KBE, was held on Father’s Day.