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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.
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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.
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New NAD fees hailed as ‘lot less onerous’
The private aviation industry yesterday hailed the Nassau Development Company’s (NAD) alterations to the new fees imposed on it as “a lot less onerous” compared to what was originally proposed.
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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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Tyler Pinder commits to Redlands Community College Cougars
JUNIOR national basketball team standout Tyler Pinder will begin his athletic and academic collegiate career with the Redlands Community College Cougars.
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ALICIA WALLACE: No excuse for failing to disclose on time
HERE we are again. It is a familiar place. Government administrations change with some regularity, and many of the practices remain the same.
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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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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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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.
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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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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.
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STATESIDE: A different kind of politician for Washington
JOHN Fetterman doesn’t look like a Washington politician. And that’s an understatement.
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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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Work permit clampdown in restaurants, construction
LABOUR Director Robert Farquharson says his department has denied labour certificates in all restaurant manager applications and in the vast majority of applications for construction site supervisors and project managers since September, preventing the applicants from getting work permits.
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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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DIANE PHILLIPS: What it takes to breathe new life into historic Nassau
PARTS of this column first appeared nearly five years ago. Sadly, it remains all too relevant. The Tribune has agreed to re-run it today at my request in light of the Davis administration’s commitment to rescuing and resuscitating the historic city of Nassau.
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School cricket ‘in its infancy stage’
WHEN Corey Edwards was appointed as the new development officer for the Bahamas Cricket Association, one of the first initiatives he felt was needed was to get the sport included into the school curriculum that will be expanded with a national youth programme.
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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.
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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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‘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.
