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Water Corp’s $84m taxpayer subsidy three times’ budget
TAXPAYER subsidies to the Water & Sewerage Corporation in 2022 hit $84m, more than three times the sum budgeted, as the state-owned utility seeks to develop a plan that makes it financially viable.
Spectacular debut for Red-Line Athletics in Texas
THE Red-Line Athletics’ 20-plus member team made a spectacular debut at the Texas Tech High School over the weekend in Texas.
Crimes against the person increased by 23 percent last year
POLICE Commissioner Clayton Fernander revealed on Friday that crimes against the person increased by 23 percent last year when compared to the same period in 2021, including murders, armed robberies and sex crimes that also trended upwards.
Bahamas Chess National Championship heading for an exciting showdown
THE 2023 Bahamas Chess National Championship is heading for an exciting showdown as competitors try to stop NM Valentine Cox from attaining a sweep of the big event.
Bahamian liquidators say ‘no’ to DOJ FTX examiner
FTX’s Bahamian liquidators are opposing the US Justice Department’s bid for an investigator to probe the crypto exchange’s collapse on the grounds it is overkill and will cost creditors “tens of millions of dollars”.
Super yacht ambitions to boost cruise port margins
Nassau Cruise Port’s chief executive is optimistic that its “super yacht destination” ambitions and full opening will significantly improve operating income margins that are currently among its parent’s lowest.
Realtor hails $1bn property sales ‘first’
A realtor yesterday hailed the $1bn in property sales his firm handled in 2022 as a “first” in The Bahamas, and asserted he would “be very surprised” if any rivals were close to matching this performance.
Bahamas requires $16bn economy ‘to make sense’
The Bahamas must grow its economy to $16bn, expanding its size by around one-third, if its future is “to make sense” in the absence of government austerity, a governance reformer urged yesterday.
Stop ‘abandoning’ Budget projections
The Government must “stick to” its fiscal forecasts and stop treating the Budget “as an annual exercise” if it is to build much-needed investor confidence, a Bahamian banker is warning.
NM Valentine Cox dominates The Bahamas National Chess Championship
NM Valentine Cox dominated the 2023 Bahamas National Chess Championship, winning the prestigious event with an impressive 8 out of 9 points.
DIANE PHILLIPS: Thanks, Eric Carey, you took the elitism out of the Bahamas National Trust and made it ours
WHEN Eric Carey said a final formal farewell to the Bahamas National Trust at the end of December, he left an organization that belonged to the people.
Bahamas must ‘bite demon in butt’ over food insecurity
The Bahamas must “bite the demon of food insecurity in the butt”, an agriculture entrepreneur urged yesterday, after it was revealed that close to one in five residents recently suffered from limited access to food.
FTX’s Bahamian customers financed SBF’s $546m deal
FTX’s Bahamian subsidiary, and its customers/investors, were yesterday said to have unwittingly helped finance a $546m investment by Sam Bankman-Fried that has now been seized by US federal authorities.
FTX: False statements were made to ‘diminish’ Bahamas
A former FTX senior attorney yesterday alleged that “false statements” were made in legal filings to “diminish” The Bahamas after the crypto exchange was advised this nation should be the main venue for its liquidation.
SBF: Bahamas attacks motivated by prejudice
Sam Bankman-Fried planned to mount an impassioned defence of The Bahamas before the US Congress by implying that attacks on it over FTX's implosion were motivated by racism and prejudice.
Cruise port’s $138m refinance eyes millions in cost savings
Nassau Cruise Port yesterday disclosed it is aiming to slash annual debt servicing costs by several million dollars through refinancing the $138m bond debt that kickstarted its transformation at COVID’s peak.
COVID non-factor: Winter tourism season up 10-15%
Forward bookings for The Bahamas’ peak winter tourism season are 10-15 percent ahead of 2022 numbers, a leading hotelier disclosed yesterday, with the industry “satisfied” there will be no return to past COVID restrictions.
Businesses are warned: Stop ‘lying’ on turnover
The Government’s tax collection chief yesterday voiced scepticism that fewer than 20 percent of businesses meet the VAT registration threshold, and demanded the private sector “be truthful”.
FRONT PORCH – Majority Rule: A shared celebration
THE LATE Roman Catholic Vicar General Monsignor Preston Moss grew up a stone’s throw away from the top of the hill East Street, not far from Mortimer Candy Kitchen.
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