BOB: $80m in deposits lost if it collapsed
Just one-third of insurance-eligible Bank of The Bahamas (BOB) deposits would have been covered if the troubled BISX-listed institution had collapsed, the IMF revealed last night. The International Monetary Fund (IMF), which released both its Articl
IMF calls for property tax rate increase
The IMF last night called on the government to raise real property tax rates while again forecasting that it will miss its 2018-2019 deficit target by a sum equal to 0.5 percent of GDP. The International Monetary Fund (IMF), in its full Article IV r
Nassau hotels hit 34% room revenue increase
New Providence hotels saw average room rates for the four months to end-April hit the $300 mark as Easter added further fuel to the year-to-date 34 percent increase in room revenue. The Central Bank’s report on monthly economic developments for May
Minister hails BMA's quality ranking move
The Bahamas Maritime Authority (BMA) has moved up six spots to second place on an international ranking that measures the quality of a country’s shipping registry. Renward Wells, pictured , minister of transport and local government, hailed the BMA’
Tourism teams with pageant organisers
The Ministry of Tourism yesterday said it has teamed with a fitness pageant organiser to bring 300 contestants to The Bahamas for a four-day competition from August 7-10. In a statement, it described the WBFF Worlds Bahamas pageant as “the super bow
How passenger helped bus crash victims
A passenger on the tourist bus that crashed at Rock Sound, Eleuthera, last week has spoken of how he helped survivors in the immediate minutes after the crash.
PMH cancelled admissions and elective surgeries after mass shooting
PRINCESS Margaret Hospital cancelled admissions and elective surgeries yesterday until further notice following a Montel Heights mass shooting, which compounded an ongoing overcrowding and boarding issue at the Accident and Emergency Department.
Six-month plant delay hits Pharmachem jobs
A six-month construction delay has forced Pharmachem Technologies to lay-off 23 staff, with possibly more to follow, in what was yesterday described as a “major blow” for Freeport’s economy.
‘Don’t sweep our boys’ deaths under the carpet’
THE family of Blair John, one of the two young men found dead in Italy last month, has raised concerns that authorities initially attempted to sweep the investigation into their deaths “under the carpet”.
THE BIG QUESTION: What changes do you want to see before the 50th year of Independence in 2023?
As we prepare to celebrate the 46th anniversary of Bahamian Independence, what changes would you like to see in the nation before the 50th anniversary?
EDITORIAL: We must stop the flow of automatic weapons
In an instant, a celebration turned into horror. A birthday party for a pregnant woman in Montel Heights became the target of a mass shooting. Video clips circulated online showed how panic suddenly struck as people scrambled for cover.
Bloodbath: Ten women among 15 shot as gunman attacks birthday party
FIFTEEN people were shot early yesterday morning in Montel Heights during a birthday celebration that turned into a nightmare.
UPDATED: Symonette resigns from Cabinet
TWO weeks after revelations that a company with ties to Brent Symonette’s family was awarded a contract to upgrade runways at Lynden Pindling International Airport, the St Anne’s MP resigned from his substantive Cabinet position.
Bahamas’ case for lesser KYC regime still ‘not sufficient’
The Bahamas cannot rely on the Central Bank’s “low risk” finding alone to persuade international regulators it should lower an onerous compliance burden, an ex-attorney general is arguing.
Minnis heads to St Lucia for CARICOM conferencce
PRIME Minister Dr Hubert Minnis will travel to Gros Islet, Saint Lucia today for the 40th Regular Meeting of the Conference of the Heads of Government of the Caribbean Community (CARICOM).
INSIGHT: Everyone in search of a magic moment but they came up short
Hugh Hewitt was regaling a private New York audience late last week after the first two Democratic debates of the 2020 U.S. presidential election. Hewitt, a 63-year-old pundit and Harvard graduate who is resolutely conservative, has emerged in recent years as an acceptable right-wing voice on left-leaning or centrist American media such as CNN, MSNBC and the Washington Post. Now he was trying to put into perspective the first night of Democratic debates.
BLTA’s Junkanoo Bowl starts today
THE Bahamas Lawn Tennis Association is getting ready to begin its annual International Tennis Federation (ITF) Junkanoo Bowl Tournament at the National Tennis Centre today.
POLICE ADVICE: We have to make time to be involved in our children’s lives
If we want to stop violence, we need to understand what causes it in the first place.
