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Delinquent mortgage buyer gives insurer $8m ‘windfall’

A Bahamian insurer yesterday said it is targeting a 15 percent profit increase for 2022 once the $8m “one-off windfall” it enjoyed last year from its investment in a delinquent mortgage buyer is stripped out.

BISX-listed Fund ‘stabilises’ with commitments for $8m

The BISX-listed Bahamas Property Fund has “stabilised” occupancies and rental rates at its flagship property “for the first time” in almost a decade amid expectations its current $8m capital raise will be fully subscribed.

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.

What Next for Cryptos?

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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.

Back with a win as Isaacs Jr rejoins New Jersey Jackals

TODD Isaacs Jr returned to the New Jersey Jackals for his second season with the club in the Frontier League and helped the team to a series opening win to begin their 25th campaign as a franchise.

Five weeks of rising COVID cases in region

FOR the past five consecutive weeks the Caribbean has experienced a rise in new COVID-19 infections, according to Pan American Health Organisation Director Dr Carissa Etienne yesterday.

Sands: Poor sacrificed ‘on tax efficiency altar’

The FNM’s chairman yesterday accused the Government of driving more Bahamian families into poverty, and sacrificing them “on the altar of tax efficiency”, by refusing to eliminate VAT on medicines and breadbasket foods.

Thriving with diabetes

New course provides information and support for those living with condition

SINCE there is still no cure for diabetes, those diagnosed must consider an overhaul in lifestyle practices to ensure proper management and control of the condition.

IMF urges Bahamas to stick to 50 percent debt ceiling

The International Monetary Fund has urged The Bahamas to keep to the 50 percent debt ceiling passed in 2018.

Taylor Industries staff gain 33% of severance

Forty-one former staff of now-defunct Taylor Industries will receive just 33 percent of the total termination pay and benefits owed to them in what the company’s liquidator defended as “a relatively positive outcome”.

EDITORIAL: A deal that’s been a long time coming

THE announcement of the buyer for the Grand Lucayan Resort has been long coming.

EDITORIAL: Resisting temptation to break the law

THERE was quite a startling admission from Environment Minister Vaughn Miller yesterday.

Cases dating back to 2020 add nine more COVID deaths

COVID-19 deaths have risen by nine to 798 after a woman died of the disease in early April and health officials reclassified several other deaths that took place between August 2020 and June 2021.

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.

‘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.

YES Giants are NPBA Div. II champions

AFTER leaving his Your Essential Store (YES) Giants with a 2-0 lead in their New Providence Basketball Association men’s division II championship series, coach Mark Hanna said he was disappointed to come back and see that the Sun Oil Rockets pulled even at 2-2.

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New course provides information and support for those living with condition

Deandre Ayton looks ahead to game 6 against Mavericks

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