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National debt near $6.8bn following Govt spend rise
A 17.3 per cent increase in total government spending drove a $125 million jump in the national debt to almost $6.8 billion at end-March 2016, the Central Bank has revealed.
Minnis’ VAT exemption plan to cost Govt $60m
The International Monetary Fund (IMF) has again shredded plans by Opposition leader, Dr Hubert Minnis, to introduce numerous Value-Added Tax (VAT) exemptions if elected to office, warning these could cost the Government some $60 million in revenues.
Cable confirms capital raising profits ‘drag’
Cable Bahamas has acknowledged that costs associated with recent debt capital raisings “have dragged on profitability and cash flow”, helping push it into a $14.371 million net loss for 2015.
800 job applications for new mobile player
Cable Bahamas had received around 800 applications for jobs with the nation's second mobile provider by end-last week, it was revealed yesterday, and is confident the new operator can beat its financial targets.
EDITORIAL: Let's fire Moody's for telling govt the truth!
“FIRE Moody’s if The Bahamas is given a downgrade for poor performance,” suggested former State Finance Minister James Smith on learning that Moody’s was threatening to downgrade this country’s credit rating within the next two months.
Be ‘mad as hell’ with PLP, FNM
The Bahamian people “should be mad as hell” with both the PLP and FNM for placing the country in a position where it is being threatened with a downgrade to ‘junk’ status, the Democratic National Alliance’s (DNA) leader has charged.
Smith says neighbours have been 'put up' to suing him
FRED Smith, QC, believes that two of his neighbours at Smith’s Point have been “put up” to bringing a lawsuit in the Supreme Court against him concerning a groyne constructed at his Grand Bahama property in an attempt to paint him as a “hypocrite or an environmental terrorist”.
Tourism ‘softness’ exposed with 7% room revenue fall
Tourism “softness” resulted in a 7 per cent year-over-year decline in peak winter room revenues for Nassau’s major hotels, with both occupancies and pricing coming under pressure.
Medals pour in for Team Bahamas at the Caribbean Island Swimming Championships
Team Bahamas is well on pace to complete their quest and make history at the XXI Caribbean Island Swimming Championships.
'Too early' to tell effect of Brexit on The Bahamas
FOREIGN Affairs Minister Fred Mitchell said yesterday while there will “likely” be an impact for The Bahamas and the Caribbean of Britain’s vote to exit the European Union, it is “too early to say” what that impact will be.
Sarkis loses bid to buy $192m claims
The Supreme Court yesterday ruled it was legally impossible for Sarkis Izmirlian to acquire the rights to Baha Mar’s $192 million damages claim against the project’s contractor.
NAD eyes fee rise after $15.1m loss
The Nassau Airport Development Company (NAD) is currently mulling another fee increase, as it predicts a “few more years” of losses following $15.1 million in ‘red ink’ incurred during its 2015 financial year.
Police seize $1.4m drugs haul
POLICE have taken two men into custody in connection with the seizure of $1.4m worth of marijuana following an early morning operation in the quiet community of Pikkano Properties, off Tonique Williams Highway.
Ex-Hard Rock franchisee queries transfer to ex-MP
Hard Rock Cafe's former Nassau franchisee has questioned why the business was so readily handed to its Bahamian landlord, when a decade earlier he had been "forced" to pay $1 million to end their partnership.
Ex-minister eyes Freeport trade finance campus
The Bahamas must find new “value propositions” to help overcome the threats facing its financial services sector, a former Cabinet Minister urged yesterday, suggesting that this nation seek to attract more institutional business.
PM takes ‘full ownership’ of business ease slippage
The Prime Minister yesterday said the Bahamas “takes full ownership” of its economic competitiveness decline, as he defended the Government’s decision to shrink the Value-Added Tax (VAT) payment ‘window’.
Next stop New York for Grand Bahama students
TWO Grand Bahama students will be off to New York this August to attend the French Woods Performing Arts Camp.
‘The most important decision British voters will have to make in a lifetime’
Stay or go? Peter Young examines how the UK’s place in Europe is in the balance before tomorrow’s referendum
Bleeding gums
Do you get bleeding from your gums? Does it happen occasionally? Does it happen daily? Does it happen with pain?
Govt’s new security near $250m target
The Government’s new Treasury Note security will finish “pretty close” to its $250 million first-year target, with the last 2015-2016 issue oversubscribed by at least 20 per cent.
