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Governor trims growth forecast ‘closer to 4%’

The Bahamas’ stopover visitor numbers rebounded to 97 percent of pre-COVID levels in the 2023 first quarter, the Central Bank’s governor said yesterday, while slightly trimming his full-year economic growth forecast.

DEMOLITION GOES ON DESPITE SHANTY FIRE: No casualties reported but cause of blaze is still being investigated

DEMOLITION of the Kool Acres community will still proceed today despite the blaze that tore through the shanty town on Saturday engulfing more than 70 homes and destroying numerous belongings and personal items.

Club Med: Over 75% of workforce returns

Club Med's general manager yesterday revealed that more than 75 percent of the resort's staff have returned to work at the property despite its near three-year shutdown due to COVID-19.

THE KDK REPORT: Dire health consequences of extreme heat on the body

EVERY year, Bahamians from one end of the archipelago to the other lament the relentless broil of the summer’s heat. And this summer’s simmer has been particularly ruthless. Some of the hottest days on record occurred during July of this year with a heat index (feels like temperature) that oscillated between 105 and 115 degrees Fahrenheit. But unlike other, less tropical, locales we are often shielded from the intense heat by the shade of palm and coconut trees and cooled by the balmy breeze of our turquoise ocean.

Fair to be held for Canadian schools

REPRESENTATIVES from 13 top Canadian boarding schools will be holding a school fair on Thursday at the Sandyport Beach Resort from 5-9pm.

No consumer respite despite inflation ease

As the tide of inflation in The Bahamas seems to be ebbing, it prompts reflection on what this means for the average Bahamian’s wallet.

A scholarship to soar

STUDENTS HAVE received scholarships to become jet pilots through partnership with Qatar Aeronautical Academy and The Bahamas Aeronautical Academy.

Central Bank ease ‘won’t open mortgage avenue’

The Central Bank’s recently-unveiled regulatory easing is unlikely to “open up a new avenue of mortgages” being issued to Bahamian home buyers, a senior banker said yesterday.

Bahamas 'not maximising' impact as tourism booms

The deputy prime minister yesterday admitted The Bahamas has failed "to maximise visitor spending", and retain more of this within its economy, despite a "booming" tourism industry whose numbers "have never been better".

Banks see 30% profits increase

Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.

Total visitor arrivals up 30% though stopovers still trail

The Ministry of Tourism's top official yesterday said total visitor arrivals to The Bahamas are 30 percent ahead of their pre-COVID record through to end-July although stopover visitors are still trailing slightly.

Tour operators enjoy 70% post-COVID visitor revival

Tour and excursion operators yesterday said business volumes have returned to 70 percent of pre-COVID levels amid a strong tourism rebound.

Jones and Liberty beat Aces 94-85

New York tightens up race for top seed in the WNBA playoffs

NEW YORK (AP) — Sabrina Ionescu scored 25 points and Breanna Stewart added 20 points, 12 rebounds and seven assists to help the New York Liberty beat the Las Vegas Aces 94-85 last night in the final regular-season meeting between the teams.

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