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Moody’s now challenges Govt over debt ratios
Moody’s is now questioning another key fiscal projection by Prime Minister Perry Christie’s government, warning that the Bahamas’ uncertain outlook makes it hard to forecast how high - and when - the debt-to-GDP ratio will peak.
'Deer in headlights' on $1.5bn debt increase
Fiscal watchdogs yesterday warned The Bahamas' debt-to-GDP ratio must "be upwards of 90 percent" after Central Bank data revealed the Government's direct debt rose by $1.5bn in just 12 months.
Fishermen ready to protest boat registration fee hikes
A senior fishermen yesterday asserted he has "no intention of paying" a more than eleven-fold increase in boat registration fees with the industry said to be ready to protest in Rawson Square over the hikes.
Digital payments ‘not as robust’ despite 30% rise
The Bahamian use of digital payments is “not as robust as we’d like to see” yet, one provider asserted yesterday, even though the volume of transactions it processed increased by 30 percent in 2022.
‘Re-opening old wound’ concerns on Baha Mar
PROMINENT contractors yesterday said they “absolutely believe” Baha Mar’s critical construction defects have been remedied, as they warned against “re-opening old wounds”.
Bahamas facing multi-billion debt rise every five years
SUCCESSIVE governments will continue adding $1 billion-plus to the national debt every five years without structural reforms and greater GDP growth, an ex-finance minister saying: “I saw this coming 13 years ago.”
Lashann and Longhorns in race for Big 12 title
Following her personal standout freshman season, Lashann Higgs and her Texas Longhorns are expected to be major contenders for the Big 12 Conference title.
DIANE PHILLIPS: There really is no place like home - shame we don’t go out and see it
It began with a thin piece of paper that fell out of an old folder. I can’t explain why I kept it for more than 40 years or why I kept any of the stuff in that folder, for that matter. Instinct, maybe, but back to the slip of paper. It was a small 4.5”x 8.5” flyer, now yellowed with age, with the name and photograph of Earl Nightingale, the legendary author and radio personality who ruled the airwaves in the 1950s and ‘60s.
Chapter 11 ‘ideal vehicle for Baha Mar’ if all agreed
A US judge yesterday agreed that Chapter 11 bankruptcy protection would have been “an ideal vehicle for restructuring” the $3.5 billion Baha Mar project had the Government and its Chinese partners not objected to using it.
Relief agency anger at Customs run-in
AN international disaster relief agency is crying foul after a disastrous run-in with officials from the Departments of Customs and Immigration that led to the seizure of their charitable cargo and the imprisonment of its founder in Exuma.
A COMIC'S VIEW: Farewell to Big Ed, a baseball legend
I was deeply saddened on Wednesday evening to hear of the passing of Bahamian baseball legend Ed Armbrister, after a long battle with diabetes.
Bahamas sees $715m gain if ‘infrastructure gap’ closed
The Bahamas stands to gain a $715m boost if it invests just $31m to close the “digital infrastructure gap” between itself and the world’s leading economies, a multilateral lender is arguing.
Bail and Carey to start NCAA careers in fall
Bail and Carey to start NCAA careers in fall By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net Their careers have been tied together since junior high school and after a lengthy recruiting process, a pair of Bahamian basketball standouts wil
FINCO consolidation raises job loss concern
Concerns were raised yesterday about the prospect of further banking sector jobs losses, as Royal Bank of Canada (RBC) unveiled more consolidation plans for its mortgage-lending arm that are set to be implemented on Monday.
Zika virus alert in Miami
MIAMI (AP) - Government health officials warned pregnant women yesterday to avoid a Zika-stricken section of Miami and arrange to be tested for the virus if they have visited the Wynwood neighbourhood since mid-June after the number of people feared infected through mosquito bites in the United States climbed to 14.
Obama issues Bahamas drug warning
PRESIDENT Obama has issued a list of nations contributing to drug production or transit - and named The Bahamas as one of those considered a major part in the drug trade.
Holding up a Torch for Life: regulating weapons
CARIBBEAN Community (CARICOM) countries joined dozens of other nations in fighting for a robust and comprehensive Arms Trade Treaty (ATT) during negotiations at the United Nations headquarters in New York from 2 to 27 July, but their efforts were frustrated by President Barack Obama’s re-election campaign team.
RCI DEFENDS PI PROJECT: Cruise line addresses environmental concerns over $100m beach club
ROYAL Caribbean International leaders rebutted environmental concerns surrounding the proposed $100m Paradise Island project yesterday, insisting it would be their most environmentally friendly project of its kind.
DIANE PHILLIPS: Helping the helpless but a story which fills us with shame
If you live on the eastern side of the island you see them every day – men and women in light blue shirts and khaki pants holding tin cans in the shape of a church. They wait patiently for donations, a few hundred dollars a day coming from regulars who know the work these extraordinary men and women do. They are the members of Ambassador Chorale and the money they raise helps to house, feed, clothe and teach those who have fallen through the cracks or whose drug-sodden parents are incapable of caring for them.
Dames: There's no quick fix on killings
NATIONAL Security Minister Marvin Dames rebuffed critics of the government’s actions on crime, telling reporters the Free National Movement came to office with crime at alarming levels and the problem could not be solved in three months.