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NIB’s $240m loss at COVID’s peak

COVID-19 has left the National Insurance Board (NIB) facing an “uphill lift” to recovery after plunging the nation’s social security system into a $240m loss at the pandemic’s peak.

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Fund manager to be ‘little more defensive’

A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.

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‘All-Bahamian’ $30m hotel gets conditional go-ahead

The Bahamian developer of a proposed $30m West Bay Street hotel was yesterday granted preliminary site plan approval for the project provided its “side setbacks” are increased to 15 feet.

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50% fear or pay bribes for building and import permits

Fifty percent of Bahamian companies seeking construction and import-related permits say they have either been asked, or expect, to pay a bribe to obtain the required approvals, it has been revealed.

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FNM claims govt broke law on finance

THE Opposition’s finance spokesman yesterday challenged whether the Government may have violated public finance laws by drawing on $133m from its “sinking funds” to pay debts coming due.

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What’s your favourite scripture, and what does it mean to you?

There are many memorable Bible passages that people hold near and dear to their hearts and which get them through life’s myriad experiences.

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Lucozade Sprint Classic brings out the cyclists

THE New Providence Cycling Association hosted its Race Series 2024 with the Lucozade Sprint Classic on Sunday around the western end of New Providence.

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Central Bank in multiple exchange control eases

THE Central Bank last night unveiled multiple reforms to further relax The Bahamas’ exchange control regime that it believes will not create any “material” risks for the US dollar peg and wider economy.

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‘Specialist skills dearth’ hurts financial services

A “DEARTH of specialist skills” in the legal and other professions is undermining the Bahamian financial services industry’s competitiveness, a prominent KC warned yesterday.

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Racing for a brighter future

When astronauts are asked what the most beautiful place on earth is as seen from space, they often pinpoint The Exumas thanks to the mesmerising turquoise shades that envelope them. With more sea turtles and superyachts than people, it’s best known for its captivating waters. Samson Colebrooke grew up here, training in a place called the “Onion Bowl” in Moss Town, Great Exuma. The name comes from the fertile soil in Exuma, which is great for producing onions.

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Bowleg hits back on audit findings

YOUTH, Sports and Culture Minister Mario Bowleg said the government did not overspend on last year’s CARIFTA and Jubilee Games, which cost more than $7m than was allocated, according to audit reports from the Office of the Auditor General.

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FACE TO FACE: Young men find purpose in protecting mangroves

WHEN two young men, students of Anatol Rodgers High School, joined a programme designed to save the mangroves on their island, they did not expect that it would change their outlook on life.

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‘Make the switch’: 2.6% growth below forecasts

THE Bahamas must “make the switch” to focus on medium to long-term economic goals after it was revealed yesterday that 2023’s 2.6 percent real GDP growth came in below expectations.

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Charisma books her ticket to Olympics, Shaunae back on track

VERSATILE Charisma Taylor booked her ticket to the 2024 Olympic Games in Paris, France and birthday girl Shaunae Miller-Uibo proved that she’s on her way back for another appearance at the Tom Jones Memorial at the Percy Beard Track in Gainesville, Florida.

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What can country do to take advantage of kart racing?

FEW of us can name six senators serving now or remember who our Member of Parliament was ten years ago, but mention Lewis Hamilton and eyes light up. Recognition is instant. “The greatest race car driver of all time … A hero on the track and off …”

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Bahamas close to capturing its sixth straight CARIFTA Swimming Championship

TEAM Bahamas drew closer to capturing its sixth straight and eight out of nine CARIFTA Swimming Championship title on day three of the four-day competition last night at the Betty Kelly Kenning Swim Complex.

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Six straight: Team Bahamas wins 2024 CARIFTA Swimming Championships

As expected, Team Bahamas completed its dominance of the 2024 CARIFTA Swimming Championships with its sixth consecutive victory and the eighth out of the past nine titles. Mission accomplished.

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