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IAN FERGUSON: Bahamians should not fear diverse workforce

WHEN discussing the movement of people from one place to another, it can become a little confusing to know the correct terms to use.

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‘World wants us to absorb all who leave Haiti’ - PM

PRIME Minister Philip “Brave” Davis said despite the world suggesting that The Bahamas “should absorb all of those who leave Haiti”, the government will not open the country’s borders to irregular migration.

Used car dealer absorbing 50% of price hikes

A Bahamian used car dealer yesterday revealed just 50 percent of the price hikes he has experienced on Japanese vehicles have been passed on to local consumers.

NPSA All-Star Classic at Banker’s Field Saturday night

WITH a rekindled interest coming out of the two-year hiatus as a result of the COVID-19 pendemic, the New Providence Softball Association is eager to display its outstanding players so far this season during the All-Star Classic on Saturday night in the Banker’s Field at the Baillou Hills Sporting Complex.

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PM: I wanted to hold off longer over BPL

The Prime Minister yesterday admitted he had wanted to hold-off on up to 163 percent increases in Bahamas Power & Light’s (BPL) fuel charge for longer to give struggling Bahamian families more time to rebound from COVID-19.

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High dairy intake linked to increased prostate cancer risk

There is a saying that milk does the body good, and another that states moderation in all things is the best policy. Prostate cancer has the highest incidence of any cancer in the Bahamas.

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Bahamas to foot the bill for Royal couple’s visit

TAXPAYERS will pay fully for the Duke and Duchess of Cambridge’s visit to The Bahamas next week, an official said yesterday.

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Relaxed lending rules for domestic credit

THE Central Bank of The Bahamas is relaxing the guidelines for domestic banks and credit unions around the qualification criteria for provision of credit to the private sector. This takes account of the domestic economy’s increased capacity to sustainably absorb more credit expansion, given the potential for credit growth to stimulate greater imports and increase the net use of foreign exchange.

Insurers: ‘Everyone will pay’ if storm cover unaffordable

Bahamian insurers yesterday warned that “everyone will have to pay” if hurricane coverage becomes increasingly unaffordable with the issue representing a growing public policy “dilemma” for the Government.

DPM optimistic Hilton’s closure only two months

The deputy prime minister yesterday voiced optimism that downtown Nassau’s British Colonial resort may only be closed for two months until a new brand partner is found to replace Hilton.

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Expand visa system to control Haitian flow

HAITIAN Chargé de Affairs Anthony Pierre Brutus says he believes the only way to discourage Haitians from travelling illegally to and from The Bahamas is to grant visas to the community.

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Law compliance fear over BPL fuel costs

Concerns were voiced yesterday that Bahamas Power & Light (BPL) could potentially be violating the law by failing to fully pass its fuel costs on to residential and business consumers.

The Del Zottos

I was troubled to read in The Tribune a prominent contractor in Grand Bahama gloating over the potential departure of the Del Zotto family.

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BOB chief: ‘Formula we don’t really want’

Bank of The Bahamas’ managing director says a shrinking loan book, combined with rising deposits and cash, is “a formula you don’t really want” for sustained long-term profitability.

$700m optimism Bahamas can ‘take oil price pressure’

A “$700m-plus” increase in US dollar purchases from the commercial banks during the 2022 first quarter has given the Central Bank’s governor optimism The Bahamas “can absorb” much of the pressure from high global prices.

FTX’s fall ‘won’t ruin’ high-end real estate

Bahamian realtors believe the FTX crypto currency exchange’s implosion will not “ruin” western New Providence’s high-end property market as bargain hunters start to circle its $74m worth of holdings.

Small businesses facing struggle on NIB rate hike

BAHAMIAN small businesses will struggle to absorb any National Insurance Board (NIB) contribution rate increase due to the multiple other expenses hikes they are grappling with currently, a sector consultant has warned.

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PAHO: Prepare now for post-COVID

PAN American Health Organisation (PAHO) director Carissa Etienne has urged countries in the region to prepare health systems now on how to deal with post COVID -19 conditions.

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Hands for Hunger ‘was prudent' with food funds

HANDS for Hunger has said it was prudent with public funds it received to feed people receiving assistance through the National Food Distribution Task Force, adding almost all of the operational costs were self-absorbed to ensure the lion’s share of the money it received was spent on food.

Gyms ‘may raise fees’ after BPL bills hike

THE looming increase in electricity bills will likely force some gym operators still recovering from COVID-19’s impact to consider raising membership fees or making other adjustments to help sustain operations, according to fitness stakeholders.