"『함몰된 폰팅』 ഠ6ഠㅡ5ഠ2ㅡⅼ761 강원고성떡칠녀 강원고성뚱녀≠강원고성뚱뚱녀☠강원고성라인녀⒝ヷ愧repurchase" | Search

FNM claims govt broke law on finance

THE Opposition’s finance spokesman yesterday challenged whether the Government may have violated public finance laws by drawing on $133m from its “sinking funds” to pay debts coming due.

Gov’t doubles social assistance to $14m

“Front-loaded” salary increases for public sector workers were the main driver behind the $36.4m year-over-increase in the Government’s first quarter fixed-cost spending, it was disclosed yesterday.

Gov't: We have maturing $300m US bond 'covered'

The Government is "very confident that we have covered" the $300m external US dollar bond due to mature in mid-January 2024, its top finance official said last night.

Gov’t warned: Don’t dictate how private sector invests

The Government cannot appear to be dictating how private companies invest their monies, a well-known banker is warning, following the furore over insurers possibly having to hold a “minimum” 50 percent of assets in public sector securities.

Bahamas is exploring 'debt for nature' swap

The Government is exploring a "debt-for-nature swap" with the Inter-American Development Bank (IDB) that could result in at portion of its $11.2bn national debt being forgiven, the Prime Minister said yesterday.

Debt for nature

Prime Minister Philip Davis KC was in the UK last week and spoke at the Caribbean Council reception in London, where he said once more that about 40 percent of the county’s $11bn-plus national debt was the result of post-hurricane repairs and restoration efforts. He stated further that climate change is the greatest threat that The Bahamas is facing. But this battle against climate change is a costly endeavour, and the country must be innovative in creating new sources of income and reducing the crippling debt it is faced with.

$233m IMF rights can’t be viewed as ‘panic exercise’

The Government must not allow its borrowing of $233m in IMF Special Drawing Rights (SDRs) from the Central Bank to be perceived as “a panic exercise”, a Bahamian commercial banker has warned.

Gov’t defends $233m borrowing against ‘pure arrogance’ charge

The Government yesterday defended itself from Opposition accusations of “pure arrogance” after it confirmed the law will be changed retroactively to facilitate its borrowing of $233m in IMF special drawing rights (SDRs).

Gov’t pledges law change over its $233m borrowing

The Government has promised to change the law to facilitate its “use” of $233m in International Monetary Fund special drawing rights (SDRs) that have for the past 16 months boosted The Bahamas’ foreign reserves.

Opposition: ‘Shore up’ investors’ confidence

The Bahamas is “not doing anything to shore up” the confidence of investors who are “rightly concerned” about the country’s economic and fiscal prospects, the Opposition’s finance spokesman asserted yesterday.

IDB’s taxpayer boost for $385m Gov’t bond issue

The Bahamas will this week seek to limit the debt servicing burden for taxpayers via an Inter-American Development Bank (IDB) guarantee that will underwrite most of its $385m foreign currency bond issue.

‘An all-time low’ on investor confidence

The Opposition’s leader yesterday argued that investor confidence in The Bahamas’ sovereign debt is at “an all-time low” given the deep discounts, and high yields, at which its bonds are trading.

‘Nothing sinister’ over $206m Goldman repo

The Government must ensure it has “the expertise to manage the legal and financial risk” arising from its “innovative” $206.5m repurchase deal with Goldman Sachs, a prominent banker says.

Gov’t’s $206.5m deal with Goldman ‘speaks volumes’

The Ministry of Finance’s top official yesterday asserted that the Government’s $206.5m “repurchase” deal with Goldman Sachs “speaks volumes” to the credibility of its fiscal and economic plans.

Bahamian hotel owner defeats lender’s probe

A Bahamian asset manager’s bid to probe more deeply into a Nassau-based resort owner’s alleged $7.5m-$9m insolvency has been thwarted for a second time by the judicial system.

FACE TO FACE: Two women with a vision to help businesses grow

Regina Smith and Kentisha Ward have a vision. They see a future where Bahamians become more self-sufficient and create a nation of producers. They have a dream of reducing hunger by transforming food waste into value added products. They envision reducing the national debt by increasing national exports. Most importantly, they have a vision of food sustainability through entrepreneurship.

Major Bahamas investor defeats 'nuclear weapon'

A Supreme Court judge has rejected a Nassau hotel owner's bid to deploy a "nuclear weapon" against a prominent Bahamian investment house and resort/real estate developer.

Bungled Netflix trade to cost Ansbacher $317k

Ansbacher (Bahamas) has been ordered to pay $317,000 in lost profits to a UK investor over a bungled Netflix share trade he claims cost him his townhouse.Justice Indra Charles, in a June 22, 2020, verdict, found that the financial services provider g

EDITORIAL: Now time to open all Baha Mar files

DR HUBERT Minnis should not have to be reminded that one of the main tenets of his party’s political platform was to open wide government’s doors and expose the PLP’s five-year management or mismanagement of the people’s government and the spending or misspending of its finances. In some areas they have carried out their mission with great vigour, in others there is too much foot-dragging.

EDITORIAL: The final destruction of Baha Mar

IN his statement last week on China’s new restrictions on overseas investments by its nationals, Foreign Affairs Minister Darren Henfield, in reply to a Tribune reporter’s question, said he had not mentioned the position of Baha Mar in his press release because “it is sold and (in the process of completion).”

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