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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.
FACE TO FACE: From ‘playing doctor’ as a child, Theresa’s now in the frontline of our battle with COVID
If all is well the latest national lockdown will lift next week. For that to happen experience tells us we will need to have seen a period when there were no new cases. This is what allowed our southern islands to be taken out of lockdown on Sunday.
Sands: $6.6m for clinic to see five patients a day
HEALTH Minister Dr Duane Sands yesterday accused the former administration of going forward with the $6.6m upgrade to the Smith’s Bay Clinic in Cat Island despite a nearly 40 per cent decline in visits to clinics on that island in the past decade.
NPBA: Giants complete perfect regular season, Your Essential Store clinch pennant
WHILE the New Providence Basketball Association’s perennial men’s division one champions Commonwealth Bank Giants put the lid on a perfect regular season, their first year division II team Your Essential Store Giants clinched their pennant.
S&P’s higher deficits on VAT ‘uncertainties’
Standard & Poor’s (S&P) has agreed that there are “indeed uncertainties” surrounding Value-Added Tax (VAT) implementation, and is less optimistic than the Government in projecting a 3 per cent fiscal deficit for 2015-2016.
Bahamasair sees revenues fall 84%
Bahamasair’s revenues for the ten months to end-April 2021 plunged by 84 percent year-over-year, a Cabinet minister revealed yesterday, with taxpayers set to underwrite its survival via a $60m-plus subsidy.
Baha Mar eyes 90% Easter occupancies
BAHA MAR yesterday said bookings across its three properties continue to “exceed our expectations”, as it heads into the Easter holiday weekend with occupancies in the “90 percent range”.
Liquidator readies control plan for Alliance accounts
Liquidators for an alleged $340 million Ponzi scheme are planning to apply to the Supreme Court for permission to gain control over six accounts they have been denied access to by a BISX-listed firm’s broker/dealer affiliate.
Bamboo Shack takes 2-0 lead
THE Bamboo Shack Cybots took a 2-0 lead in the Bahamas Government Departmental Basketball Association’s championship series after winning the first two games over the Police Crimestoppers at the DW Davis Gymnasium over the weekend.
HUGH CAMPBELL CLASSIC: ‘Embracing Success Through Sports and Teamwork’
THE games began on Monday but the country’s longest standing high school basketball tournament officially tipped off in grand style yesterday at the AF Adderley Gymnasium.
Gray and his defence of Christie
On page A3 of Saturday’s 21st February issue of The Nassau Guardian appeared an article under the heading “Gray: Some PLP backbenchers need to revaluate political futures.”
Bad loans and credit decline threaten growth
Difficulties in one bank’s commercial loan portfolio seemingly sparked a $38.7 million deterioration in the sector’s ‘bad credit’ position during April, another month in which the Bahamian economy was “relatively subdued”.
Exuma 56% 'willing' on mobile payments
More than half of Exuma residents are “likely” to use their mobile phones for financial transactions, making the island a fertile testing ground for the Central Bank’s digital Bahamian currency pilot.The regulator’s survey of Exumian payments habits,
Brewery's concern on VAT 'price disruption'
Commonwealth Brewery has pledged to avoid “severe price disruption” to its Bahamian manufacturing and import operations from Value-Added TAX (VAT), its managing director warning that the reform needed “careful management”.
Bahamas can’t pay $4bn costs for climate change
The Bahamas cannot afford the $4bn required to meet its pledged climate change targets without international financial, technology and other “capacity-building” support, it has admitted.
BEC preferred bidder to Gov't 'within week'
The Government should “within the next week” receive recommendations as to who the preferred Bahamas Electricity Corporation (BEC) bidder(s) should be, Tribune Business was told yesterday.
‘More than 37,000 Bahamians’ are living with diabetes
GIVEN the overwhelming number of diabetes cases in the Bahamas, the ACE Diabetes Support Group reaffirmed its commitment this year to continuously bring awareness and educate people on how the disease can be prevented and managed so that little to no complications occur.
Downtown group hopes cruise ports ‘benefit all’
THE Downtown Nassau Partnership (DNP) yesterday said it hopes that the cruise port developments eyed for both Nassau and Freeport will benefit “all stakeholders”.
Pipe maker to hire 90 for $1m plant build-out
A NEWLY-created PVC pipe manufacturer has pledged to hire more than 90 persons for the construction of its $1m Grand Bahama plant that is due to be completed by September 2024.
Water Corp targets 'banner year' with $15m contracts
The Water & Sewerage Corporation is confident 2014 will be “the real banner year”, as it targets a further one million gallon per day reduction in water losses and the release of $15 million in construction contracts.
