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Kalik maker: Product shortages ‘inevitable’
Kalik’s manufacturer has continued to warn that product shortages and price hikes are “inevitable” due to continued supply chain disruptions post-COVID despite generating $1.3min profits for the 2022 first quarter.
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Carnival’s GB port to double arrivals to 1m
Carnival’s Grand Bahama port will double the passengers it brings to the island to one million within three years of completion, economic forecasters have predicted, while boosting annual visitor spend by $68m.
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Cable targets $80m New Providence fibre roll-out
Cable Bahamas plans to invest $80m over the next two-three years on rolling out its New Providence fibre-to-the-home network, its top executive has revealed.
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FINCO chief warns on low growth ‘challenge’
FINCO’s chairman has warned shareholders it will “continue to be challenged” with low growth and credit losses despite a more than four-fold increase in net income to $39.235m for the 2021 financial year.
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Man punched police officer
A MAN who assaulted a police officer after punching another man in the face while they were both detained in police custody was yesterday fined $200.
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BOB chief: ‘Formula we don’t really want’
Bank of The Bahamas’ managing director says a shrinking loan book, combined with rising deposits and cash, is “a formula you don’t really want” for sustained long-term profitability.
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Central Bank: Inflationary pressure to be ‘contained’
The Central Bank yesterday forecast that “inflationary pressures will remain contained” while The Bahamas’ foreign currency reserves will close 2022 above “international benchmarks”.
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National debt breaks $10bn
The Government last night confirmed that The Bahamas’ national debt had breached the $10bn mark due to the borrowing blow-out inflicted by the combination of COVID-19 and Hurricane Dorian.
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$800 fine for marijuana
A MAN caught with more than $200 worth of marijuana must pay $800 to avoid spending three months on remand.
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‘Pass bill so candidates can be properly scrutinised’
A governance reformer has said the Integrity Commission Bill should be passed to allow for an independent body to be able to scrutinise and vet the disclosures of election candidates.
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‘Pass bill so candidates can be properly scrutinised’
A governance reformer has said the Integrity Commission Bill should be passed to allow for an independent body to be able to scrutinise and vet the disclosures of election candidates.
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Man found guilty of stealing parts
A MAN was found guilty by a magistrate yesterday of stealing $1,800 worth of car parts from a woman's car and also causing $200 damage to the same vehicle.
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Dennis Dames declares war
As a Free National Movement (FNM) supporter since the 1970s, I am ready to cast my net on the other side. The party has been transformed in to a sweetheart political organisation – where the leaders appear to be following in the footsteps of their whore-mongering predecessors.
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Man denies series of Paradise Island thefts
A MAN was charged in Magistrate’s Court yesterday in connection with a series of thefts on Paradise Island that included over $5,000 worth of smart TVs and almost $200 worth of alcohol.
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Kalik maker eyes 10% supply chain cost rise
Commonwealth Brewery is predicting that global supply chain disruption will increase its costs by 10 percent over the remainder of 2021 as it sustains its return to profitability.
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Warm welcome for American Queen Voyages
AMERICAN Queen Voyages made its inaugural visit to Grand Bahama on Saturday, bringing some 200 passengers.
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Swimmer Davante Carey and Bearcats improve to 7-0
DAVANTE Carey had an active weekend for the McKendree Bearcats Swimming as the No.4 ranked team improved to 7-0 in dual meets this season.
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PM 'not minded' to allow oil drilling
PRIME Minister Philip Davis said he is “not minded” to allow oil drilling in The Bahamas and is completely opposed to oil exploitation in the country.
