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PETER YOUNG: New security pact finds friends and foes - especially the French
SUCH is the continuous news cycle in today’s world of instantaneous communications that what is top of the agenda today can all too readily be ignored tomorrow when it is overtaken by fresh events.
Moody’s fears on bond refinancing
Moody’s has voiced fears about The Bahamas’ continued access to capital markets and high interest burden if it is unable to successfully refinance maturing bond issues in four consecutive years from 2024 onwards.
DIANE PHILLIPS: The Punch and the power of one
IF you read the final issue of The Punch yesterday, published three days after the death of its editor, publisher, creator and defender Ivan Johnson, you had this sinking feeling in your gut that an important chapter in the history of The Bahamas had closed.
Bahamian retailer expands eastward
A well-known Bahamian retailer yesterday said it is aiming to complete its eastern New Providence expansion in time for Christmas 2021 and reach a market segment currently underserved.
Five years to organise polling
Elections come and go usually every five-years so the organisers of them have the luxury of four plus plus years to get things together...all it takes is an eight-month jump forward and chaos.
Burrows and Tigers undefeated so far in preseason
SHAMAR Burrows continues to lead the Dalhousie Tigers in an undefeated preseason as Canadian U-Sports basketball returns to the floor.
Stopover tourism ‘85% recovered’ this winter
The Bahamas’ stopover tourism business will be “close to 85 percent” of pre-COVID levels by the 2021-2022 winter season, a top hotelier is predicting, with a return to full business levels “very achievable” next year.
Bahamas in world’s eighth largest electric car sale rise
The Bahamas was yesterday said to have exceeded last year’s electric vehicle sales in the first nine months of 2021, having produced the world’s eighth largest year-over-year increase during COVID-19’s peak.
Build, build, build - STOP!
ActivTrades
Ernst Hemingway once wrote that bankruptcies happen gradually, and then suddenly. Such words seem appropriate to describe the fate of Evergrande, one of China’s largest real-estate developers, that appears set to default on debt interest repayments.
Lucius Fox Jr homers in regular season finale
Lucius Fox Jr helped lead his Omaha Storm Chasers to a win in the regular season finale and the club now shifts its focus to the postseason in AAA baseball.
A cold winter results in hot prizes
ActivTrades
The energy crisis has long since arrived in England. Long queues in front of petrol stations are no longer uncommon, and price increases are also imminent in Europe because the gas price is at a record highs.
College basketball players make their presence felt in Canada
COLLEGIATE basketball in Canada has returned at the U Sports level, and several Bahamian participants made their 2021 debut in the Stu Aberdeen Memorial Preseason Tournament.
Bahamas downgraded by Moody's
The scale of the economic and fiscal challenges facing the new Philip Davis-led administration were laid bare Friday, after Moody’s further downgraded the Bahamas’ sovereign creditworthiness.
Ex-minister: Ditch RBC over zero deposit rates
A former Cabinet minister yesterday urged Bahamians to pull their money from Royal Bank of Canada (RBC) after it cut interest rates on savings accounts and term deposits to zero.
Bank branches shrink 30% in seven years
The number of commercial bank branches in The Bahamas has declined by almost 30 percent over the past seven years, the Central Bank’s governor revealed yesterday.
INSIGHT: Serious soul searching for the right man to lead
IN the post-mortem of an embarrassing landslide election defeat, the Free National Movement is a party some would say let the trappings of governance go to their heads. Others would put the blame squarely on the shoulders of their leader, former Prime Minister Dr Hubert Minnis. Taken altogether, the cocktail which resulted in the loss at the polls on September 16 suggests a party, much like the PLP of 2017, that needs to do some serious internal evaluation.
BOB targeting ‘real growth, not loan loss management’
Bank of The Bahamas yesterday said it was seeking to drive sustained profitability “from real growth as opposed to managing delinquency provisions” after enjoying a positive $14m bottom line swing.
Buy the future
ActivTrades
Investors are buying the future on stock exchanges worldwide. Let us look into the possibly important developments and sectors for the next decade. The COVID- 19 pandemic is dividing the economy into an old and a new world. We see the following trends up to 2030 that could provide opportunities for investors:
Nassau’s first five-ship arrivals since COVID
Nassau Cruise Port will today host five vessels for the first time since COVID-19 struck in March 2020, its top executive asserting: “We’re on the road to recovery.”
STATESIDE: 10 years without a US Ambassador
AS you may have noticed, ten months into the Biden administration, we still don’t have a sitting American Ambassador here in Nassau. As a matter of fact, for those not keeping score on such matters, within five weeks, it will have been fully ten years since a Senate-confirmed U.S. envoy has overseen the work of the large American Embassy still located on Queen Street downtown until the new U.S. embassy headquarters building is ready for occupancy. Do you remember who was the last American ambassador to The Bahamas?
