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Debt jumps $256m on IMF rights borrowings
Much of the $256.2m increase in the national debt during the six months to end-December was driven by the Government’s “use” of $232.3m in IMF special drawing rights (SDRs), it has been revealed.
Jasmine Mackey misses CARIFTA-qualifying time
IN a gutsy performance on Saturday at the Road Runners’ Dianna Lynn Thompson’s Memorial Track Classic, middle distance runner Jasmine Mackey came so close to eclipsing the qualifying standard for the girls under- 20 1,500 metres for the 50th CARIFTA Games.
Moody’s claims that we’re optimistic? We have to be
The Bahamas must “hold the line” on government spending to build investor confidence that it is not solely relying on economic growth “to fund any errors” in its fiscal projections, a well-known banker urged yesterday.
Bran: 'Can't water out of stone' over health VAT
A former Democratic National Alliance (DNA) leader is blasting the Government's "misguided decision" to change the VAT treatment of health insurance claims payouts, arguing: "You can't get water out of a stone."
STATESIDE: Restlessness in the US over amount of aid to Ukraine
THERE’S been a lot of talk since the beginning of this year about American resolve.
36th St Valentine’s Day Regatta in Montagu Bay February 18-19
IN keeping the memory of their father alive, the family of the late Eleazor ‘the Sailing Barber’ Johnson will continue with the 36th edition of the St Valentine’s Day Regatta in Montagu Bay next weekend.
‘Worryingly low’ graduation’s blow to high-value economy
The Bahamas’ ability to develop high-value industries and diversify its economy are impaired by “worryingly low” graduation rates at its sole university with just 7 percent of students studying science and technology-related courses.
The Bahamas has enough US fast food chains
We are crossing a dangerous threshold. At risk is not only the nation’s veritable blood pressure, but Nassau’s sociocultural integrity.
Tennis ace Justin Roberts looking forward to productive season
AFTER sitting out for the past two months and-a-half with an injury, the Bahamas’ top ranked international tennis player Justin Roberts is back and is looking forward to a productive season this year.
BOB hopes for imminent commercial loan restart
BANK of The Bahamas is hoping to receive regulatory approval to restart commercial lending activities next month, its managing director said yesterday.
Bahamasair suspends flights to Haiti’s capital
Bahamasair’s weekly jet service to Cape Haitien has been “leaving full every time” even though service to the country’s capital has been suspended from January 28, its managing director revealed yesterday.
UB Mingoes men beat Giants 69-51
THE University of The Bahamas Mingoes men’s basketball team pulled off a 69-51 rout over the TMT Giants as the two teams faced off in their second matchup of the New Providence Basketball Association (NPBA) season at the AF Adderley Gymnasium on Saturday night.
DEREK SMITH: Balancing the risks of working at home
There is no doubt that remote working will continue to grow. With remote work becoming a significant business practice, it has quickly risen to the top of many executives’ agendas and become a vital component of talent attraction, employee retention and staff satisfaction. According to Deloitte & Touche’s Global Remote Work Survey, “over 80 percent of organisations have implemented some form of remote work policy”.
Goodman’s Bay property opens to $1.5m bookings
A NEWLY-opened Goodman’s Bay resort has more than $1.5m worth of confirmed bookings during its initial months, its developer revealed yesterday.
Signing allows $150m Briland expansion
THE Davis administration signed an amended Heads of Agreement yesterday with developers behind the Briland Club Residences & Marina development that will allow for the expansion of the Harbour Island-based project, set to cost some $150m.
Insurers dismiss VAT Act ‘misinterpretation’
BAHAMIAN health insurers yesterday said “no one wants to pay an additional 36 percent on their medical insurance” from April 1, 2023, when consumers will have to bear the full VAT burden on claims payments.
Firearms task force ‘to create safer Bahamas’
PRIME Minister Philip Davis said the success of a firearms task force will make fighting illegal weapons more likely by providing a coordinated and comprehensive approach to the problem.
Ed Armbrister Baseball League officially open
PLAY ACTION ON DIAMOND CONTINUES THROUGH TO APRIL
AFTER hosting their developmental training programme at Flamingo Park in Carmichael Road, organiser Michael Butler said it was time for them to expose the players to a full-fledged league with games being played at the Baillou Hills Sporting Complex.
DPM targets 8m visitors for 2023
The Deputy Prime Minister yesterday forecast that 2023 tourist arrivals will hit the eight million mark with downtown Nassau’s British Colonial Hilton set to fully re-open by year-end.
Patients are warned: Brace for VAT ‘shock’
Bahamian patients were yesterday warned to brace for “a shock even at the smallest levels” as the change in VAT’s treatment of medical insurance claims payouts will further fuel already-soaring medical costs.
