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PETER YOUNG: With the world watching, will our leaders rise to the challenge?
ITALY and Scotland have been the focus of international diplomacy this past week. Rome hosted the two-day G20 meeting of the world’s wealthiest countries, and this was followed on Sunday by the official opening of the UN Climate Change Conference, COP26, in Glasgow, with most of the G20 leaders travelling there direct from their Rome meeting.
FACE TO FACE: A tragic price paid for those who won’t take the vaccine
WHEN Erin Bethell-Jones assisted her grandmother, Janey with receiving her vaccine for protection against COVID-19, it was a proud moment. She wanted her to be safe in a pandemic and live as many healthy happy years as she could. However, last month Janey passed away from a non-COVID-related issue. What tore Erin up is that she felt her grandmother would still be alive if an ambulance was able to come for her.
Gov’t ‘reaching ceiling’ on debt
The Government may be reaching its debt limits given that such liabilities are now bigger than the economy, the Debt Advisory Committee’s head warned yesterday.
COVID loan defaults ‘not as bad as feared’
The Central Bank’s governor yesterday said the rise in COVID-related loan delinquencies is not as bad as feared with the increase set to fall “well below” the previous 15 percent peak.
‘Stressed’ oil explorer facing a $19m deficit
The oil explorer seeking to renew four drilling licences in Bahamian waters yesterday admitted it is in “a stressed financial position” with outstanding bills exceeding its cash resources by $19m.
Debt consolidation leads loan requests
Bahamians are struggling to finance “big ticket items”, the Central Bank’s governor said yesterday, given that debt consolidation accounts for 36 percent of all consumer loan applications.
Food process hub targets $1.8m crowd fund raising
An all-woman partnership is seeking to raise $1.8m via the ArawakX crowd funding platform and become “the regional hub” for food processing and export distribution.
VAT cut’s ‘modest’ jobs, growth effect
Cutting the VAT rate to 10 percent will cause “only slight improvement” in job creation and economic growth, a University of the Bahamas (UoB) study asserts, while advocating it still “be pursued’.
Ayton sidelined with right leg contusion – Suns centre posts second straight double double
Deandre Ayton had his second consecutive double double of the season but was also sidelined with a right leg contusion.
Burrows and Tigers get wins over Woodswide and Capers, Gibson and Huskies open season victorious
THE 2021-22 Atlantic University Sport men’s basketball season tipped off on October 29 and several Bahamians were active for their respective programmes in opening weekend double headers.
Sweeting’s Cay residents ‘are still sleeping in tents’
MYLES Laroda, State Minister in the Office of the Prime Minister, was concerned that some Sweeting’s Cay residents were sleeping in tents, two years following Hurricane Dorian.
RBDF promotions approved ‘soon’
ROYAL Bahamas Defence Force Commodore Raymond King said promotions for the organisation should be approved soon.
Resort aims to bridge 36% T&C rates gap
An Exuma-based resort yesterday said it is striving for “five-star rock star” performance to match high-end Turks & Caicos rivals and bridge a 36 percent room rate gap.
DPM praises ‘exceptional’ Sandals 95% occupancy
The deputy prime minister yesterday hailed Sandals Emerald Bay’s “exceptional” 90-95 percent slow season occupancy levels with the resort chain eyeing further Bahamas expansion.
Stop mining toxic coal
IT’S DISHEARTENING that President Mnanagagwa has allowed Chinese citizens to mine coal in Hwange Zimbabwe.
STATESIDE: Zuckerberg and Goodell dealing with controversies
FACEBOOK owner Mark Zuckerberg and NFL commissioner Roger Goodell are both in the news these days, for many of the same basic reasons. While neither is likely very happy about the situation, they can likely take some comfort from the fact that they are both very wealthy, powerful and influential. And even in the near term, both are likely to retain the outsized influence they wield, both in the U.S. and around the world.
Coalition chief optimistic VAT cut to boost revenue
The Coalition for Responsible Taxation’s head yesterday voiced optimism that the 10 percent VAT slash will generate more revenue than the current structure once zero ratings are eliminated.
Banks not ‘betting against economy’
Top bankers yesterday rejected the Prime Minister’s assertion that they are “betting against The Bahamas’ economy” after it was revealed that a recent bond issue was just 40 percent subscribed.
Jones and Foxes are still undefeated in EuroLeague
Jonquel Jones and her UMMC Ekaterinburg Foxes needed some late game heroics, but they rebounded from last week’s Super Cup final loss to remain undefeated in the FIBA Women’s EuroLeague.
Sale of Doctors’ new GB home in November close
The sale of Doctors Hospital’s new Freeport home will represent the final asset disposal for a former BISX-listed company when it completes next month, Tribune Business can reveal.
