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‘Good tournament’ for Bain and Ramirez despite final defeat

BAHAMIAN freshman Jacobi Bain and his Xavier University of Louisiana senior teammate Juan Ramirez gave it their best shot, only to fall short in the final of the men’s doubles at the Intercollegiate Tennis Association (ITA) Cup Championships in Rome, Georgia on Saturday.

Businesses ‘test water’ over extra night hours

Super Value’s principal yesterday said the supermarket chain plans to “test the waters” with 8pm closings after the nightly curfew was eased but voiced scepticism the move would increase sales.

Consumer debt to challenge FINCO

A major mortgage lender has warned it will be increasingly challenged to grow its loan book because COVID-19 has “compounded” the strain for Bahamians already highly leveraged on consumer debt.

Sir Franklyn defends $49m Jack's Bay goal

Sir Franklyn Wilson is defending as "very conservative" projections that the Jack's Bay project will hit up to $48.9m in annual real estate sales by 2023, adding: "We're not selling this like Fried Fish."

'Within the ball park': Gov't debt near $9bn

The Government's first quarter fiscal outturn was "within the ball park" of projections, the deputy prime minister said last night, as $692m in net borrowing drove its direct debt to almost $8.9bn.

Govt touts 14,000 new SMEs created

The government yesterday sought to show its small and medium-sized enterprise (SME) focus is delivering results by reiterating that almost 14,000 such businesses have been formed since the 2017 general election.

Internet banking users jump 31%

The number of Bahamian internet banking users increased by almost 31 percent to breach the 100,000 mark in 2020 as COVID-19 increasingly drove persons to digital transactions.

BTC revenues off 9% despite mobile revival

The Bahamas Telecommunications Company (BTC) suffered a near-nine percent year-over-year revenue decline for the 2021 first quarter despite driving a 2,400 post-paid mobile subscriber rise.

Governor rejects non-essential import curb

The Central Bank's governor yesterday rejected as "bureaucratically inefficient" suggestions that The Bahamas impose restrictions on non-essential imports to protect the foreign currency reserves.

BTC's revenues drop over $21m

The Bahamas Telecommunications Company's (BTC) fell by more than $21m year-over-year for the nine months to end-September 2020 despite further slowing the erosion of its mobile customer base.

CIBC: ‘Business as usual’ for Bahamas despite regional sale

CIBC FirstCaribbean yesterday said it was “business as usual” for its Bahamas operations despite its move to exit five smaller regional jurisdictions.

Man in hospital ‘after stabbing by love rival’

AN ABACO man was flown to New Providence for medical treatment after he was attacked by the supposed boyfriend of a female companion.

Scotia named Bahamas private banking leader

Scotia Wealth Management says it has been named by Global Finance Magazine as the best private bank in the Bahamas.

‘No delusions’ on foreign reserves

The Central Bank has “no delusions” over an external reserves mix that will likely fall below pre-pandemic levels of $1.5bn prior to COVID-19 recovery starting, its governor said yesterday.

Sarkis: CCA explanation ‘doesn’t pass smell test’

Sarkis Izmirlian is blasting the explanation given by Baha Mar’s contractor for how it obtained his legal papers, later used to cut a nine-figure damages claim to just $30m, for “failing to pass the smell test”.

Doctors Hospital ‘going miles to be investor magnet’

Doctors Hospital’s tie-up with the Cleveland Clinic “will go miles to becoming a magnet” for The Bahamas to attract high net worth investors concerned about healthcare, its president said yesterday.

National debt near $10bn at 2020 end

The Bahamas’ national debt was just shy of $10bn at year-end 2020, the Central Bank revealed yesterday, having increased by $1.4bn during the previous 12 months.

Sovereign Wealth Fund

There has been a lot of chatter in the news and on talk shows about our national treasure and the need for a Sovereign Wealth Fund, and it has become tiresome listening to all the banter around Aragonite.

Hanna Martin will ‘fight to the death’ against citizenship by investment

ENGLERSTON MP Glenys Hanna Martin says she will “fight to the death” any attempt by the government to implement a citizenship by investment policy.

Govt targets $3m travel visa surplus

The government is aiming to generate a net $3m surplus from the COVID-19 health travel visa scheme in the upcoming fiscal year, with one Cabinet minister saying: “We have to live within our means.”

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