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Junior National basketball team prepares for Puerto Rico
THE Bahamas Basketball Federation’s junior national basketball team is preparing to travel to Puerto Rico next month for the Centro Basket Under-15 Girls Tournament and according to coach Varel Davis, they will ensure that they have the best players selected.
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Ministry holds meetings over school violence issue
EDUCATION Minister Glenys Hanna Martin said her ministry plans to meet with several stakeholders this week to discuss concerns related to school violence and how government plans to respond to the issue.
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TEACHER FEARS AS PRINCIPAL ATTACKED: Head of LW Young struck on head during altercation
BAHAMAS Union of Teachers President Belinda Wilson said the safety of teachers at public schools in the country continues to be a concern, insisting teachers everyday witness violence on campuses and at times have suffered physical harm.
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‘They wanted Gov’t to buy the Grand Lucayan twice’
The Grand Lucayan’s ex-chairman yesterday said the Government would “effectively have been buying the hotel a second time” had it agreed to Royal Caribbean and ITM Group’s demand it finance 95 percent of the $50m purchase price.
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Reform pensions now - or elderly will be left with nothing
The International Monetary Fund warns that a “significant” share of the elderly would be without pensions if reform to the pension system is not dealt with immediately.
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Warning as container costs to double
Businesses should brace for a 100 percent increase in container costs for the summer due to the Russia and Ukraine war.
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Spread the message on climate change
Almost exactly 30 years after the United Nations declared at COP1 that human activities are changing the Earth’s climate and that these “adverse effects are a common concern of mankind,” little has changed for the better, and the facts remain:
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$10M IN FUNDING ‘VANISHED’: Prime Minister claims NGOs have not submitted accounts
PRIME Minister Philip “Brave” Davis said two non-governmental organisations have not submitted records to give an account of the combined more than $10m they received from the former Minnis administration under its national food programme.
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What Next for Cryptos?
ActivTrades
As the era of cheap money comes to an end, so do the conditions that propelled the price of Bitcoin and other crypto assets to the dizzying highs reached at the end of last year. At the time of writing, Bitcoin was trading just above $27,000, a drop of more than 60 percent from all-time maximum of almost $69,000 touched last November.
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‘Lord knows’ Freeport requires tourism scale
An ex-tourism minister yesterday voiced optimism that the Grand Lucayan’s sale will be the “catalyst” that builds scale by luring other resort developers to Freeport, adding: “Lord knows Grand Bahama needs it.”
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Disney triples construction workforce promise to 300
Disney Cruise Line yesterday revealed it is near-tripling the number of construction jobs created by its Lighthouse Point project to 300 amid hopes that Eleuthera can attract up to $1bn in total investment over the next decade.
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$636,000 budget for Royal visit
THE government earmarked $636,194 to honour all expenses associated with their Royal Highnesses‘ visit to The Bahamas in March. However, as of Monday, May 16, approximately 96 percent or $625,186 of the money has been paid out.
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EDITORIAL: A deal that’s been a long time coming
THE announcement of the buyer for the Grand Lucayan Resort has been long coming.
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Gov’t to cut foreign debt portion in half
The Government is aiming to slash the portion of its debt held in foreign currency by more than 50 percent, a Cabinet minister said yesterday, as he reaffirmed the key components of its liability management strategy.
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EDITORIAL: Resisting temptation to break the law
THERE was quite a startling admission from Environment Minister Vaughn Miller yesterday.
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Ayton, Suns look to end series tonight
Deandre Ayton said his Phoenix Suns refocused in one particular area to take a 3-2 lead in their best-of-seven first round series against the New Orleans Pelicans.
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Moody’s: Multiple ‘risks’ to Gov’ts fiscal forecast
Moody’s last night warned of multiple “risks” to the Government’s fiscal consolidation projections due to the absence of any tax increases in the just-unveiled Budget, while spending restraint will “weigh on economic growth”
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Agreement for $100m sale of Grand Lucayan Resort
ELECTRA America Hospitality Group has made a $100M purchase offer for the Grand Lucayan Resort at Grand Bahama.
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‘We are going to have to play together’
Deandre Ayton looks ahead to game 6 against Mavericks
The Phoenix Suns have an opportunity to clinch a second consecutive berth to the Western Conference Finals but Deandre Ayton said he expects tonight’s game six matchup to be one of the toughest in the series.
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PM renews assault on COVID food initiative
The Prime Minister yesterday renewed his assault on “astounding” deficiencies with the COVID-19 food assistance initiative even though a 138-page audit report produced no evidence of corruption, fraud or misappropriation of funds.
