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Multi-billion public pension ‘nightmare’
THE Chamber of Commerce’s chairman yesterday branded the multi-billion public pension deficit a “nightmare”, while arguing the Bahamas would not hit IMF growth forecasts “in our current state”.
Private sector must do more in OECD fight
The Clearing Banks Association’s (CBA) chairman has urged the private sector to play a greater role in preventing The Bahamas from being “blindsided” by the OECD and other initiatives.Gowon Bowe told Tribune Business that the financial services indus
‘Walk and chew gum’: Subsidies, debt cost $938m
The Bahamas “must walk and chew gum” on its fiscal and economic revival, a leading banker has warned, with $938.5m - one third of government spending - taken up by debt and subsidy costs.
Ex-AG: Put real estate residency threshold to $1m
A former attorney general has called for The Bahamas to increase the real estate investment threshold for economic permanent residency to $1m, and asserted: “It should never have been lower than that.
‘Pure insanity’ if Andros investor ignores Freeport
A prominent QC yesterday argued it would be “pure economic insanity” if the government permits a US billionaire philanthropist to develop a free-trade zone on Andros instead of basing his project in Freeport.
Junior golfers take home national amateur titles
HEATHCLIFF Kane and Anne Fernandez emerged as the Bahamas Golf Federation’s 2021 National Amateur Golf Championships’ male and female champions.
Nearly $50m loans fall into delinquency
Almost $50m worth of loans became delinquent during May 2021 as COVID-19 payment deferrals continued to expire, the Central Bank of The Bahamas has revealed.
PAHO: Don’t reopen fully when cases are on the rise
A PAN American Health Organization official has warned countries against fully reopening economies while COVID-19 cases are rising.
Marinas seek ‘home port’ equivalent over yachting
The Bahamas will enjoy “the equivalent of cruise ship home porting” if the government follows through on pledges to develop a fully-fledged yacht registry, Tribune Business was told yesterday.
‘Walk and chew gum’ on COVID-19 vaccine
Tourism operators yesterday had a mixed reaction to giving industry workers priority for COVID-19 vaccinations, with some agreeing as others urged caution.
Ayton grabs 14 rebounds in Suns’ 102-97 loss to Thunder
PHOENIX (AP) — Chris Paul reminded the Oklahoma City Thunder what they were missing after trading him during the offseason. Then the Thunder turned around and reminded the Phoenix Suns and Paul why they’re a team that appears on the rise.
BPC faces $400k extra daily costs if drilling halted
Bahamas Petroleum Company's (BPC) chief executive is alleging it will incur extra costs of up to $400,000 per day if activists succeed in persuading the Supreme Court to halt its exploratory oil drilling.
INSIGHT: Who wants to be a millionaire?
SOME of you may remember the famous game show, Who Wants to be a Millionaire? where contestants answered multiple choice questions that would allow them to cash in on one million big ones. But who knew being born Bahamian paved an even easier path to wealth?
Hardship sign: Incoming wire transfers 'doubling'
The Bahamas is no longer "a sending country" for international wire transfers, money transmission providers revealed yesterday, with incoming transactions "doubling" due to COVID-19 hardship. Harvey Morris, Omni Financial Group’s chief executive, to
PM’s Office sees budget quadruple
The Government has quadrupled the 2016-2017 Budget for the Prime Minister’s Office to $79.947 million, an increase that was yesterday branded “absolutely crazy” by its political opponents.
Davis Cup: Newman loses in straight sets
DORAL Park, Miami - Top seed Spencer Newman got off to a slow start and despite a comback, it was not enough to propel the Bahamas to its first victory in the second singles played on day one of the American Zone II Davis Cup tie.
Bahamas beaten in Davis Cup after doubles loss
DORAL Park, Miami: Not even a last minute change in the line-up could help the Bahamas from preventing Venezuela from taking a winning 3-0 in the first round of the American Zone II Davis Cup tie on Saturday afternoon.
Aliv works with majority owner so ‘no cannibalising’
Aliv and its majority shareholder were yesterday said to be co-ordinating their respective capital raisings to ensure they will “not cannibalise” each other, with both looking to close in the 2017 first quarter.
Gov't to refocus NHI on $60m critical care
THE Government is planning to refocus National Health Insurance (NHI) on catastrophic care, believing a $60 million budget “could do an awful lot if properly managed”.Dr Duane Sands, minister of health, told Tribune Business that he and the NHI Autho
MP’s alarm over ‘sacred’ NIB funds in BOB bail-out
The use of the Bahamian people’s “sacred” National Insurance Board (NIB) monies to bail out troubled Bank of the Bahamas has been challenged by an FNM MP, who is calling for policies governing the investment of public monies to be tightened.
