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Moody’s: Multiple ‘risks’ to Gov’ts fiscal forecast
Moody’s last night warned of multiple “risks” to the Government’s fiscal consolidation projections due to the absence of any tax increases in the just-unveiled Budget, while spending restraint will “weigh on economic growth”
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Gov’t to cut foreign debt portion in half
The Government is aiming to slash the portion of its debt held in foreign currency by more than 50 percent, a Cabinet minister said yesterday, as he reaffirmed the key components of its liability management strategy.
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Munnings advances to league final, Knowles returns after ruling
TRAVIS Munnings and his Portuguese club advanced to the league final while Zane Knowles and his Bulgarian club received a favourable ruling in arbitration to keep their playoff hopes alive.
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Record-setting day in BLTA ‘Play Tennis Bahamas’ programme
THE Bahamas Lawn Tennis Association’s (BLTA) ‘Play Tennis Bahamas’ programme continues to bear fruit as the association welcomed approximately 80 kids on Saturday.
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US working with Bahamas to tackle migration issues
THE United States government is actively working with nations in the region such as The Bahamas to tackle the root causes of “irregular migration”, according to a high-ranking US State Department official yesterday.
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HUBERT EDWARDS: Today’s Budget for a better tomorrow
We previously considered The Bahamas’ debt sustainability, and looked at the challenges faced from a Caribbean context.
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BISX-listed Fund eyes restart for dividends after 15-year gap
The BISX-listed Bahamas Property Fund’s Board will within the next month receive a recommendation to resume investor dividend payments after a 15-year hiatus following completion of its $8m preference share financing.
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Jonquel Jones and Sun start fast, breeze to 92-70 victory over Fever
JONQUEL Jones’ individual numbers are short of her MVP pace from a year ago, but a more balanced Connecticut Sun has surged ahead of the WNBA’s Eastern Conference standings.
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Miller: Slow progress on Olympia Heights
MORE than two months after a $1.2m contract was signed for the placement of infrastructure and development at Olympia Heights, Olympian Ramon Miller said there is still much more work to be done as construction has slowed down in the area.
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Local govt week to be held
THE Ministry of Agriculture, Marine Resources and Family Island Affairs along with the Department of Local Government will host Local Government Week from May 22 to May 27.
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Buddy: I’m playing for Team Bahamas
BUDDY Hield is spending a part of his off-season at home on a talent search for his youth basketball programme but also announced his intention to return to international competition for team Bahamas.
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STATESIDE: A different kind of politician for Washington
JOHN Fetterman doesn’t look like a Washington politician. And that’s an understatement.
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Five weeks of rising COVID cases in region
FOR the past five consecutive weeks the Caribbean has experienced a rise in new COVID-19 infections, according to Pan American Health Organisation Director Dr Carissa Etienne yesterday.
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Mixed fortunes for Bahamian pro basketball players in Europe and South America
This week produced varying results for Bahamian pro basketball players as their postseason runs continued in their respective leagues throughout Europe and South America.
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HUBERT EDWARDS: The low growth, high debt trap
In the first article we assessed some of the consequences from a high, and growing, national debt. With The Bahamas’ debt-to-GDP ratio expected to remain above 80 percent over the mid-term at least, the question that dominates is the extent to which this is sustainable.
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New Providence or New Orleans?
I saw Twitter images of severe flooding throughout parts of New Providence over the weekend. I believe it was a meteorologist who told either The Nassau Guardian or The Tribune that the severe flooding caused by torrential rains was a hurricane drill for New Providence residents. As a resident of Grand Bahama who lived through Hurricanes Francis, Jeanne, Matthew and Dorian, I want Nassau residents to understand that the recent flooding in their communities is nothing compared to the flooding the aforementioned cyclones brought to our island.
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PM renews assault on COVID food initiative
The Prime Minister yesterday renewed his assault on “astounding” deficiencies with the COVID-19 food assistance initiative even though a 138-page audit report produced no evidence of corruption, fraud or misappropriation of funds.
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‘Lord knows’ Freeport requires tourism scale
An ex-tourism minister yesterday voiced optimism that the Grand Lucayan’s sale will be the “catalyst” that builds scale by luring other resort developers to Freeport, adding: “Lord knows Grand Bahama needs it.”
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What Next for Cryptos?
ActivTrades
As the era of cheap money comes to an end, so do the conditions that propelled the price of Bitcoin and other crypto assets to the dizzying highs reached at the end of last year. At the time of writing, Bitcoin was trading just above $27,000, a drop of more than 60 percent from all-time maximum of almost $69,000 touched last November.
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$10M IN FUNDING ‘VANISHED’: Prime Minister claims NGOs have not submitted accounts
PRIME Minister Philip “Brave” Davis said two non-governmental organisations have not submitted records to give an account of the combined more than $10m they received from the former Minnis administration under its national food programme.
