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Financial crimes rise 54% to five-year-high

Financial crimes reported to the Royal Bahamas Police Force (RBPF) surged by 54 percent to 830 incidents in 2023 and representing a five-year high.

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Financial crimes rise 54% to five-year-high

Financial crimes reported to the Royal Bahamas Police Force (RBPF) surged by 54 percent to 830 incidents in 2023 and representing a five-year high.

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Spartans win Baha Mar Hoops crown

University of North Carolina at Greensboro Spartans’ forward Mikeal Brown-Jones called the Baha Mar Hoops Nassau Championships one of the greatest tournaments he’s ever played in.

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‘Not enough time given’, says Abaco shanty town resident

ALTHOUGH for years government has threatened to destroy Abaco’s shanty towns, a father of two facing eviction from The Farm fears his family will have nowhere to go before the deadline is up to leave the unregulated community, his home for 20 years.

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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.

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Public school attendance is down four percentage points since last year

THE public school attendance rate is at 91 percent this year, according to Acting Education Director Dominique Russell.

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SPORTS NOTES

THE Royal Bahamas Defence Force, through its title sponsor Fidelity Bank, will hold its annual Fun Run/Walk Race on Saturday, starting at 6am from Goodman’s Bay.

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FRONT PORCH: The empathy and duty of care of Dr Perry Gomez

THIS past Tuesday the country said farewell to Dr Michael Perry Gomez, who demonstrated extraordinary compassion and service as a medical doctor and public servant throughout his professional life.

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'Screeching economic halt' if diesel stop lasts 10-14 days

Bahamians could "see a totally different economy" if the decision by most petroleum dealers to halt diesel sales lasts for up to two weeks, a well-known contractor warned yesterday.

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Property tax cap up 25% to hit $150,000

Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.

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‘This year’s carnival will look less like Junkanoo’

COSTUMES for Bahamas Carnival 2024 will look less like the Junkanoo-themed costumes of years past, according to Bahamas Carnival Association (BCA) president Dario Tirelli.

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‘Uncle Lou’ Adderley set to be inducted October 14

THE late Deacon Leviticus ‘Uncle Lou’ Adderley will be among 10 individuals and one team to be inducted into Saint John’s University’s J-Club Hall of Honour on Saturday, October 14, as part of Homecoming festivities.

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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.

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School monitors find boy, aged 12, living in car alone

SCHOOL attendance monitors tasked with getting drop-outs back in school recently found a 12-year-old boy living alone in a car.

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Fire destroys structures in Kool Acres shanty town

Around 77 structures or some 80 percent of the Kool Acres shanty town off Joe Farrington Road have been burned to the ground in a fire that took place around 4pm on Saturday, according to Craig Delancey, Buildings Control Officer with the Ministry of Works and a part of the Unregulated Communities Action Taskforce.

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Nassau/PI hotels see 35% ‘business on books’ jump

Nassau/Paradise Island hotels are eyeing a 35 percent year-over-year increase in “business on the books” for 2023, it was disclosed yesterday, with “loaded” airline seats through June also up on 2022.

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Downtown ‘catalyst’ beats goal by $11m

The Nassau Cruise Port’s overhaul is “already serving as a catalyst” for fresh investment in downtown, its top executive has asserted, after its recent bond refinancing was oversubscribed by almost $11m to hit $145m.

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Carnival ‘spruce up’ for 50% passenger growth

A senior Carnival executive yesterday said the cruise giant plans to “spruce up” Princess Cay, adding that the Eleuthera-based private island needs “quite a bit of love”.

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Coral restoration drive to boost ‘blue’ economy

The Ministry of Tourism yesterday partnered for a coral reef restoration drive that aims to boost sustainable tourism and the 23 percent of Bahamian economic output generated by the ocean economy.

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Charities asked: Do you hold any of FTX’s $5.4m?

FTX’s Bahamian liquidators are “liaising” with local charities and non-profits over the collective $5.4m in donations they received from the collapsed crypto exchange to determine if they still hold any of these funds.