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Investors ‘get wise’: RF funds up $60m
A Bahamian investment bank yesterday said total assets under management in its local currency mutual funds have increased by $60m year-to-date as investors “get wise” to the negative returns on bank deposits.
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EDITORIAL: Missed opportunity in mask announcement
THE lifting of the mask mandate is a major moment in the history of the pandemic in our country. It will also likely prompt mixed feelings for Bahamians.
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‘Not claiming victory’: Yet deficit is beaten by $70m
The Ministry of Finance’s top official yesterday said he “won’t claim that victory yet” despite the prior fiscal year’s $689.5m deficit coming in almost $70m below the final projection outlined in May’s Budget.
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Deficit target missed if not for aborted $86m PHA loan
The Opposition's finance spokesman yesterday charged that the Government would have missed its 2021-2022 deficit target but for the repayment of an aborted $86.2m Public Hospitals Authority (PHA) loan.
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Provider teams with Access Accelerator to build start-ups
A BAHAMIAN financial services provider has linked up with the Small Business Development Centre’s Access Accelerator to provide Bahamian entrepreneurs with new funding opportunities
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STATESIDE: Biden’s age, inflation and immigration record to be tested
POLITICIANS are quite comfortable lobbing verbal grenades at an incumbent president of the opposing party, and the current crop of Republican office holders and job seekers is no different. In the steady, numbing drumbeat of GOP criticisms of Joe Biden and his administration, the loudest seems to be about his age.
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Bahamas ‘must get ahead’ of EU attack
The Bahamas “must get ahead” of the European Union’s (EU) assault, a well-known accountant is arguing, and “address anything seen as remotely non-compliant” before new blacklisting threats emerge.
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DIANE PHILLIPS: 50 years ago this week, Bahamians saved lives at Munich Massacre - and happier reasons Bahamas makes international news
FOR a little country, The Bahamas makes a big splash. Not perhaps in the way you are thinking – as a standard bearer in tourism or an incessant voice in moving climate change issues up the ladder of priorities, not even as a real estate hotspot that keeps getting hotter the worse things get anywhere else in the world.
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Road Traffic change ignites political battle
The Government and Opposition yesterday traded blows over assertions that a Cabinet minister’s brother has been replaced as acting Road Traffic controller due to the ongoing controversy over too many taxi plates being issued.
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Port sets July record on container volumes
Nassau’s commercial shipping port set a July record after container imports increased by more than 20 percent with its top executive yesterday confirming business volumes have rebounded to pre-COVID levels.
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Cruise spend ‘antibiotics’ set for December launch
The Ministry of Tourism plans to launch the “antibiotics” that will help cure low cruise visitor spend in downtown Nassau by December 1, a top tourism executive disclosed yesterday.
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STORM FALL-OUT TO HIT BUILDING MATERIALS: Warning that Florida’s post hurricane reconstruction will impact prices and availability in The Bahamas
Bahamian contractors yesterday warned it is “inevitable” that Florida’s post-Hurricane Ian reconstruction will hit building material prices and availability here as local inflation was revealed to have hit 7 percent.
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$63m Adelaide project pledges up to 300 jobs
A Bahamian businessman is teaming with Albany’s developer and two UK investors for a $62.788m “mixed-use” residential and light industrial development in south-west New Providence that will create up to 300 full-time jobs.
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PETER YOUNG: Gorbachev reforms in Russia short-lived
AMIDST the huge international media coverage of the passing last week of the former president of the Soviet Union, Mikhail Gorbachev, perhaps one of the most telling headlines was one by the BBC calling him ‘a warm-hearted, decent and generous man’.
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STATESIDE: Queen’s passing sent a shock wave around the world
DOES it feel to you that the world has somehow become a less comfortable, secure and stable place since the death of Queen Elizabeth II just a week ago? Whether or not you feel The Bahamas should remain in the Commonwealth of Nations or follow the path of Barbados into republican status, the queen’s passing seemed to send a shock wave around the world. Her death, though at her age of 96 it was hardly unexpected, was an emotional tsunami. She had that kind of impact around the world.
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