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IMF urges Bahamas to stick to 50 percent debt ceiling
The International Monetary Fund has urged The Bahamas to keep to the 50 percent debt ceiling passed in 2018.
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What Next for Cryptos?
ActivTrades
As the era of cheap money comes to an end, so do the conditions that propelled the price of Bitcoin and other crypto assets to the dizzying highs reached at the end of last year. At the time of writing, Bitcoin was trading just above $27,000, a drop of more than 60 percent from all-time maximum of almost $69,000 touched last November.
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Sands: Poor sacrificed ‘on tax efficiency altar’
The FNM’s chairman yesterday accused the Government of driving more Bahamian families into poverty, and sacrificing them “on the altar of tax efficiency”, by refusing to eliminate VAT on medicines and breadbasket foods.
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EDITORIAL: A deal that’s been a long time coming
THE announcement of the buyer for the Grand Lucayan Resort has been long coming.
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EDITORIAL: Resisting temptation to break the law
THERE was quite a startling admission from Environment Minister Vaughn Miller yesterday.
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Buddy: I’m playing for Team Bahamas
BUDDY Hield is spending a part of his off-season at home on a talent search for his youth basketball programme but also announced his intention to return to international competition for team Bahamas.
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‘We are going to have to play together’
Deandre Ayton looks ahead to game 6 against Mavericks
The Phoenix Suns have an opportunity to clinch a second consecutive berth to the Western Conference Finals but Deandre Ayton said he expects tonight’s game six matchup to be one of the toughest in the series.
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Reform pensions now - or elderly will be left with nothing
The International Monetary Fund warns that a “significant” share of the elderly would be without pensions if reform to the pension system is not dealt with immediately.
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$10M IN FUNDING ‘VANISHED’: Prime Minister claims NGOs have not submitted accounts
PRIME Minister Philip “Brave” Davis said two non-governmental organisations have not submitted records to give an account of the combined more than $10m they received from the former Minnis administration under its national food programme.
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Agreement for $100m sale of Grand Lucayan Resort
ELECTRA America Hospitality Group has made a $100M purchase offer for the Grand Lucayan Resort at Grand Bahama.
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‘Lord knows’ Freeport requires tourism scale
An ex-tourism minister yesterday voiced optimism that the Grand Lucayan’s sale will be the “catalyst” that builds scale by luring other resort developers to Freeport, adding: “Lord knows Grand Bahama needs it.”
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Cases dating back to 2020 add nine more COVID deaths
COVID-19 deaths have risen by nine to 798 after a woman died of the disease in early April and health officials reclassified several other deaths that took place between August 2020 and June 2021.
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PM renews assault on COVID food initiative
The Prime Minister yesterday renewed his assault on “astounding” deficiencies with the COVID-19 food assistance initiative even though a 138-page audit report produced no evidence of corruption, fraud or misappropriation of funds.
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Disney triples construction workforce promise to 300
Disney Cruise Line yesterday revealed it is near-tripling the number of construction jobs created by its Lighthouse Point project to 300 amid hopes that Eleuthera can attract up to $1bn in total investment over the next decade.
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Fox, Knowles hit home runs
A PAIR of Bahamian minor league baseball prospects hit their first home runs of the season in productive weekends at the plate for their respective clubs.
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HUBERT EDWARDS: Today’s Budget for a better tomorrow
We previously considered The Bahamas’ debt sustainability, and looked at the challenges faced from a Caribbean context.
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Two Bahamian players star in MLB game: Marlins’ Chisholm, Nats’ Fox
THEY were members of the same International Signing Class in 2015 and now seven years later, Jazz Chisholm Jr and Lucius Fox made Bahamian baseball history once again at the major league level.
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Ayton and Suns take 2-0 lead
PHOENIX (AP) — Chris Paul scored 28 points, including 14 in another spectacular fourth quarter, to lead the Phoenix Suns over the Dallas Mavericks 129-109 last night for a 2-0 lead in the Western Conference semifinals.
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Lucius Fox Player of the Week, Knowles promoted, Young back in AAA
D’SHAWN Knowles and Chavez Young received call-ups in their respective organisations while Lucius Fox was named Player of the Week to highlight play from Bahamians in minor league baseball.
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Bahamians receive postseason honours
A GROUP of Bahamian players played a prominent role on the Tallulah Falls varsity boys’ baseball programme and were recognised with postseason awards for their outstanding 2022 season.