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Ayton and Suns squander 24-point lead in loss to Nets

DEANDRE Ayton and the Phoenix Suns nearly had a perfect ending to their six-game homestand, but squandered a 24-point second half lead in a loss to the New Jersey Nets on Tuesday night.

Cocaine seized near Long Island

A JOINT operation with local police, OPBAT, the US Drug Enforcement Administration and US Coast Guard netted a large quantity of cocaine in the Long Island area yesterday.

Brewery chief: Pre-COVID revenues not back till 2023

Commonwealth Brewery’s managing director has warned shareholders not to expect the group’s revenues to fully recover from COVID-19 “before 2023” following a $38.2m drop-off last year.

Banks suffer 37% profitability decline

Bahamian commercial banks saw total private sector loan arrears increase by $76m during the 2020 fourth quarter as the sector’s collective profitability shrunk by 37 percent year-over-year.

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.

Doctors ‘completely confident’: COViD test staff grow by 100

Doctors Hospital is “completely and absolutely confident” it can meet new US COVID testing protocols and higher Christmas/New Year travel demand after a 100-strong staffing expansion.

‘Buddy’ Hield scores nine, Knicks rout Kings 140-121

NEW YORK (AP) — Immanuel Quickley scored 18 of his 25 points in the first half, and Julius Randle had 21 points and 14 rebounds to power the New York Knicks to a 140-121 win over the Sacramento Kings last night.

The millionaires club

TOURISM Minister Dionisio D’Aguilar tops the list of millionaire candidates who are vying for re-election with a total net worth of $37,951,803, according to financial disclosures submitted to the Parliamentary Registration Department.

Leading health insurer rebounding from 2020 COVID fallout

A BISX health insurer disclosed that the company is rebounding from the 2020 COVID-19 fallout with a near 2,000 percent net investment income increase for the first six months of this year.

Doctors in $7.747m COVID testing boost

Doctors Hospital enjoyed a $7.747m revenue boost as a result of administering more than 100,000 COVID-19 tests during the ten months to end-January 2021, it has been revealed.

Port’s profits to decline 7% despite pre-COVID bounce

Nassau’s major commercial shipping port is forecasting a 7 percent year-over-year profit decline for 2022 despite predicting container volumes will return to pre-COVID levels in the first quarter.

URCA: Renewable policies not working

Bahamian energy regulators have conceded their renewable policies are “not attractive” for companies and investors seeking to enter the sector, and are proposing a pricing structure switch.

$6m claims jump drives Bahamas First into loss

Bahamas First has warned “it will take some time” to correct problems with its Cayman subsidiary’s life and health portfolio that have been blamed for a $6m-plus jump in claims payouts.

‘Buddy’ erupts for 25 in triple OT win, Jones scores first NBA points

IN an eventful weekend for Bahamian players in the NBA - Kings interim head coach Alvin Gentry continues to laud the growth of Chavano “Buddy” Hield, Deandre Ayton and the Phoenix Suns chase franchise history and Kai Jones got the first field goal of his NBA career.

Governor: Use $200m for Dorian rebuilding

The Central Bank’s governor yesterday urged Dorian-ravaged businesses and homeowners to draw down on “at least $200m” in unused reinsurance funds to finance rebuilding, adding: “The economy will be better off.”

Reserves slide continues trend with four percent fall

External reserves slid by four percent in November, continuing a trend, according to the Central Bank of The Bahamas.

Exemptions are a cruel gimmick

By its nature, a Value Added Tax affects the whole domestic eco-system of an economy. It applies to everything. That is how it is intended and that is its strength. As such, the application of “exemptions” is meaningless, because everywhere the recipient of the exemption turns, he still has to pay VAT in order to use the money he has “saved” via the exemption.

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