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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.
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.
Pintard for FNM leader a no-brainer
THE September 16 general election was the most ho-hum since the formation of the Progressive Liberal Party (PLP) in 1953. The low voter turnout attest to this fact.
Waltiea Rolle: ‘I can still play a little more before saying goodbye’
WALTIEA Rolle has had a successful return to pro basketball this season, but the veteran centre still believes she has much room for growth to reach both her short term and long term goals.
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’.
Central banks love to print money
ActivTrades
Except for a few countries, Germany being a noticeable example where the use of physical cash to settle everyday transactions remains high due to cultural reasons, payment by electronic means is becoming more and more common.
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.
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.
Kerzner’s praise for Farrington
Two minutes ago I stumbled on my copy of the attached letter, apparently written to Barry Farrington by Butch Kerzner. I find it to be a profound and well deserved compliment to Barry. You may publish it if you wish.
It’s official: Rolle makes return to pro basketball
WALTIEA Rolle officially made her return to professional basketball and leads her club in a newly formed tournament to encourage competition between teams in Spain.
Promotions 'on the way'
HUNDREDS of promotions held back since before the 2017 general election are on the way for government workers in the coming weeks, including those in the armed forces, State Public Service Minister Pia Glover-Rolle said yesterday.
Bastian, Williams inducted into Benedict Hall of Fame
Having persevered in almost similar fashion from humble beginnings, Bahamian triple sporting star Melinda Bastian and multiple distance running national record holder O’Neil Williams emerged as two of the top student-athletes ever produced at Benedict College.
PETER YOUNG: Small island developing states should speak with one voice
HAVING written only last week about COP26, the UN Climate Change Conference which opens in Scotland in less than one week, I hesitate to return to the subject today for fear of repetition. But there has been a significant new development and it may also be worth reiterating the importance of the conference to Small Island Developing States (SIDS) which include, of course, The Bahamas.
BPL’s Shell deal process ‘oblique’
Bahamas Power & Light’s (BPL) efforts to outsource electricity generation on New Providence were “oblique” and not fully transparent over a deal ultimately won by Shell North America.
Higgs in FIBA Eurocup, Nesbitt makes impact
VALERIE Nesbitt has had an immediate impact in her rookie season of pro basketball while Lashan Higgs made her first appearance with her new club in the FIBA EuroCup.
