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Gov’ts Central Bank debt soars 85% on IMF SDRs
The Government’s controversial borrowing of IMF special drawing rights (SDRs) reversed five years of decline by causing its net debt to the Central Bank to soar by 85.4 percent to $805.6m.
WORLD VIEW: Higher cost of living demands competent governments
THROUGHOUT the world, people and their governments and Central Banks are worrying about inflation, or the rate of increase in the cost of living. In many countries, this concern about the cost of living has become a prime consideration in general elections because electorates want competent governments in whose hands they commit their expectations.
IDB: $13M 'RETROACTIVE' TO STOP ROADWORKS SHUTDOWN
By NEIL HARTNELL Tribune Business Editor An alarmed Inter-American Development Bank (IDB) is providing $13 million in retroactive financing to prevent a "cash flow shortfall" from bringing the New Providence Road Improvement Project to a temporary halt,
VIRUS SPREADING IN YOUNG PEOPLE: Govt lockdowns begin in outbreak islands as change seen in spread
NINE confirmed cases of COVID-19 in a single day on Andros and a COVID-19 positivity rate of 58 percent in Cat Island helped push the government to implement a two-week lockdown of those islands which began at 8pm yesterday.
How safe are your cosmetics?
On average a woman uses about 12 to 25 different cosmetics a day and applies more than 200 chemicals to her body in the process.
Segmenting COVID test window 'could be floated'
A Cabinet minister yesterday said extending the COVID-19 PCR testing window for tourists from countries with fewer cases is "an idea that could be floated" when the present global spike is arrested.
'Payments crisis' not Gov'ts fault
A Caribbean economist yesterday stuck to her forecast that The Bahamas "faces a potential balance of payments crisis" within the next two years but is arguing this will not be the Government's fault.
Minnis slams Govt’s ‘stunning ineptitude’
The Free National Movement’s (FNM) leader yesterday accused the Government of “stunning ineptitude” in its fiscal policies, with the debt-to-GDP ratio now at 78 per cent despite $1 billion-plus in VAT revenue collections.
Unified bus system is ready to roll
THE unified bus system pilot project should commence “any time now”, Transport and Local Government Minister Frankie Campbell said yesterday.
DOUBLE TALK: Turns out Pointe workers clause has two meanings
THE clause in the heads of agreement struck between Pointe developers and the previous Christie administration outlining the ratio of Bahamian to foreign labour has two interpretations, according to Labour Minister Dion Foulkes yesterday.
INSIGHT: Let’s open the door and grasp this amazing opportunity
You can’t fit a square peg in a round hole, the old saying goes. The same is true for new ideas.
Govt dives in to boost fisheries
The Government has unveiled measures to boost the $78m crawfish industry, with increased wholesale profit margins and greater Bahamian dive participation among the key targets. Michael Pintard, minister of agriculture and marine resources, speaking j
NCAA golf: Guo helps Longhorns snatch early lead
SOPHIE Guo lived up to her expectations as the top-ranked player, as she shot a six-under-par 66 to help the University of Texas Longhorns snatch the early lead in the White Sands NCAA Invitational Tournament. At the end of day one of the three-day
GB Power suffers $23m Dorian blow
Hurricane Dorian’s catastrophic winds and storm surge have inflicted a $23m blow on Grand Bahama Power Company, its Canadian owner revealed yesterday. Emera, unveiling its 2019 third quarter results, disclosed that Grand Bahama’s electrical utility
Hield scores career-high 41 in ‘rivalry’ with Celtics
The best games of Buddy Hield’s NBA career thus far have come against the Boston Celtics, indicating a potential rivalry between the Kings guard and the team that passed over him in the 2016 NBA Draft.
INSIGHT: An end to curfews but will call for discipline go unheard?
AFTER a year and a half of curfews, The Bahamas got back to a world where everyone didn’t have to get home by midnight. No more COVID Cinderellas, where instead of your car turning into a pumpkin after the clock struck 12, it turned into a fine or a court appearance instead.
Out Island resorts 10% above Christmas 2019
Family Island resorts are “expecting” business for the November-December period to be 10 percent above 2019 levels, an industry executive saying: “The needle is moving in the right direction.”
Bahamas oil well creditors accept 84% debt hair-cut
Creditors owed a collective $11.3m for the drilling of an exploratory oil well in The Bahamas have agreed to accept a near-84 percent haircut on this debt, it was revealed yesterday.
Nassau airport loss up 8-fold to $37.4m
The Nassau Airport Development Company’s (NAD) net loss rose more than eight-fold to $37.396m for the year to end-June 2021, exposing the full extent of COVID’s devastating travel impact.
CES 2019: TV set maker LG makes its sets disappear
The CES 2019 gadget show is revving up in Las Vegas. Here are the latest findings and observations from Associated Press reporters on the ground as technology’s biggest trade event gets underway.
