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New Providence or New Orleans?
I saw Twitter images of severe flooding throughout parts of New Providence over the weekend. I believe it was a meteorologist who told either The Nassau Guardian or The Tribune that the severe flooding caused by torrential rains was a hurricane drill for New Providence residents. As a resident of Grand Bahama who lived through Hurricanes Francis, Jeanne, Matthew and Dorian, I want Nassau residents to understand that the recent flooding in their communities is nothing compared to the flooding the aforementioned cyclones brought to our island.
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Milo Butler aims to ‘reignite’ Freeport
The Milo Butler Group is aiming to “reignite” downtown Freeport via a potential $10m investment, with renovations to the former City Markets building set to finish within the next 90-120 days.
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What future for little-used Ayton?
DEANDRE Ayton played sparingly in his Phoenix Suns’ worst playoff loss in franchise history which prompted many to revisit a lingering and unresolved contract negotiation between the team and its former no.1 overall pick.
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Election turnout was historic low
AT least 65 percent of registered voters voted last week in what was likely the lowest general election turnout in the modern history of The Bahamas.
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PM suggests expanded benefits for those fully vaccinated
PRIME Minister Dr Hubert Minnis suggested on Friday that fully vaccinated people could soon begin experiencing a variety of expanded benefits, including permission to go out at night after the 10pm curfew.
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Doctors in 40% public GB hospital ownership
Doctors Hospital is planning to offer at least a 40 percent collective ownership stake to Grand Bahamians in the $15m-$20m hospital it plans to open on that island by the 2022 second quarter.
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Nearly $50m loans fall into delinquency
Almost $50m worth of loans became delinquent during May 2021 as COVID-19 payment deferrals continued to expire, the Central Bank of The Bahamas has revealed.
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‘Closing the shortfall’: Port off 3% versus pre-COVID
Nassau’s main commercial port has “closed significantly on making up the shortfall” with container volumes just 3 percent off pre-COVID volumes for the 2021 second half.
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VAT bill ‘before end of the year’
BEFORE the end of this year the Davis administration expects to bring before Parliament three pieces of key legislation, including one that will decrease value added tax to 10 percent from the current rate of 12 percent.
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STATESIDE: The changing faces of today’s America
THE government has announced that preparations are well underway for the next Bahamian national census. An estimated 119,000 households are due to be surveyed over the first three months of 2022. Ho-hum?
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Blockchain operator blasts ‘unfounded’ $20m lawsuit
A Bahamian blockchain and digital assets firm has slammed a $20m damages claim as “unfounded”, asserting that it was lavished with praise by the party making the allegations less than five months earlier.
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Peter Galanos dies, aged 80
FORMER parliamentarian and insurance businessman Peter Galanos died at his home early yesterday morning at the age of 80.
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MORE THAN 100K NOW VACCINATED . . . but confirmation of 20 more deaths shows COVID fight not over
THE Ministry of Health confirmed 20 additional COVID-19 deaths on the weekend, bringing the total to 557 to date.
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‘Entrenched reduction?’: Bad loans down $22m
The Central Bank is “holding off” in determining whether COVID-related loan delinquencies have peaked despite a $22.4m reduction in non-performing credit during the 2022 first quarter, its governor revealed yesterday.
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Labour chief asserts whimper greeted COVID furlough end
The COVID furlough period’s end sparked very few worker terminations, the Government’s top labour official is asserting, with Nassau Cruise Port’s need for 250 construction workers “a good indicator” of the economy’s growing revival.
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$25k prize to break vaccine hesitancy
PEOPLE who receive their first vaccination shot between December 13 and December 31 will be eligible to win a $25,000 cash prize.
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The FNM and our money
Debate on Supplementary Budget through May, 2022… yet again input of so many of the MPs, clearly shows their personal lack of information and facts and really reality.
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BREA chief: Do ‘admirable thing’ for existing deals
The Bahamas Real Estate Association’s (BREA) president says it will be “the admirable thing to do” for the government to “honour” current VAT rates on high-end deals agreed before the budget’s unveiling.
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Bahamas First severs Colina General tie-up
Bahamas First has issued Colina General Insurance Company with 90 days’ notice that it plans to terminate their agency relationship because of the latter’s parent re-entering the underwriting business.
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Nassau’s airport in US PreCheck first
The Bahamas’ main aviation gateway has been selected as the first airport outside the US to run a 90-day “pilot” for fast-tracking security clearance for returning American travellers.
