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Gov’t pays out $200m in COVID jobless aid
The Government had paid out more than $200m in COVID unemployment benefits at end-September 2021, it was revealed last night, although overall pandemic spending seems to be slowing.
Cable targets $80m New Providence fibre roll-out
Cable Bahamas plans to invest $80m over the next two-three years on rolling out its New Providence fibre-to-the-home network, its top executive has revealed.
BOB: Unleash us for commercial lending
Bank of the Bahamas’ managing director is urging the Central Bank to “level the playing field” by removing the restrictions imposed on its commercial lending in the wake of its near-collapse.
GLIMMER OF HOPE: Ratings agency S&P sees economic upturn but private sector cautious
The Bahamas does “not have enough control over our own plight” to take comfort from Standard & Poor’s (S&P) belief that COVID devastation has “bottomed out”, it was argued yesterday.
GB Power targets 13% return on rate changes
Grand Bahama Power Company is seeking returns of close to 13 percent in its proposed revision to the island’s electricity tariffs, it can be revealed.
Cable and Gov’t hit by $41m Aliv losses
Aliv’s near-$41m loss for the year to end-June 2021 continues to drag on both its BISX-listed parent and the Government, just-released financial statements reveal.
Port’s profits to decline 7% despite pre-COVID bounce
Nassau’s major commercial shipping port is forecasting a 7 percent year-over-year profit decline for 2022 despite predicting container volumes will return to pre-COVID levels in the first quarter.
End to 12% VAT realty rate ‘shows we mean business’
Realtors yesterday hailed the Government’s decision to eliminate the 12 percent VAT rate on high-end property sales as “a very solid move”, adding: “It shows we mean business.”
ALICIA WALLACE: Action not just anger should be our response to Bella’s death
ON the weekend, it was reported that a four-year-old child was taken to the hospital. Soon after, there were claims on social media that the toddler had been sexually assaulted. The toddler, Bella Walker, died.
Office of the Spouse seeks greater protection for the nation’s children
ANN-MARIE Davis has committed the Office of the Spouse to working closely with the government, local non-profit groups and her CARICOM counterparts to bring more awareness and legislative proposals to offer greater protection for the nation’s children.
PM 'not minded' to allow oil drilling
PRIME Minister Philip Davis said he is “not minded” to allow oil drilling in The Bahamas and is completely opposed to oil exploitation in the country.
Port beats revenue forecasts by $1.5m
Nassau’s major commercial shipping port beat its original revenue forecast by almost $1.5m for its 2021 financial year, although profits declined by 7.7 percent year-over-year.
Ole Miss projected no.6 in preseason coaches poll
YOLETT McPhee-McCuin and her Ole Miss Rebels are expected to improve in one of the most keenly contested conferences in all of NCAA Division I.
PETER YOUNG: With the world watching, will our leaders rise to the challenge?
ITALY and Scotland have been the focus of international diplomacy this past week. Rome hosted the two-day G20 meeting of the world’s wealthiest countries, and this was followed on Sunday by the official opening of the UN Climate Change Conference, COP26, in Glasgow, with most of the G20 leaders travelling there direct from their Rome meeting.
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.
Governor adjusts 2022 GDP growth to 6-8%
The Central Bank’s governor yesterday adjusted 2022 economic growth projections to 6-8 percent, with The Bahamas not expected to “fully erase” COVID’s impact before 2023 “at the earliest”.
BPL $535m bond ‘too late out gate’
The Minnis administration was “too late getting out the gate” on Bahamas Power & Light’s (BPL) mammoth $535m refinancing, an ex-union president said yesterday.
VAT increase on breadbasket items ‘best practice’
ECONOMIC Affairs Michael Halkitis defended the anticipated increase of value added tax on breadbasket items, saying it follows expert advice and best practices around the world.
