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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.
PLP PARTNERED TO STAGE CARNIVAL: Process defended as standard practice in raising party funding
FREE National Movement Senator Maxine Seymour tabled a letter in the Senate yesterday that purports to show that the Ministry of Finance gave the Progressive Liberal Party temporary approval to import “equipment, apparatus, trailers and supplies” for the Christmas Carnival event.
Jonquel Jones is the MVP frontrunner in EuroLeague
Jonquel Jones’ double double streak recently came to an end but she remains the frontrunner to claim another MVP award this season.
Ninety days to switch VAT pricing
Retailers have been given a 90-day transition period to deal with the repricing “nightmare” caused by the VAT rate cut, one saying yesterday: “We hope this is the last change for a very long time.”
What drives the price of bitcoin?
ActivTrades
Traders of bitcoin are used to sharp price action, such as the one experienced during the first weekend of December, when the digital currency lost around 20 percent of its value.
Jazz: ‘I want to win MVP’
After missing out on an historic Major League 20/20 (home run/stolen base) feat this past season that was hampered by an injury, Bahamian Jasrado “Jazz” Chisholm said he’s looking forward to improving in his quest to go after the Most Valuable Player award.
Ministry giving ‘a little over $100’ to people in need
STATE Social Services and Urban Development Minister Lisa Rahming said on Friday her ministry has been distributing “a little over $100” for those in need of social assistance.
Rand Memorial Hospital 'yet to fully recover' from loss of staff after Dorian
THE Rand Memorial Hospital has yet to fully recover from the loss of physicians and nurses in specialty areas and hospital equipment.
$25k prize to break vaccine hesitancy
PEOPLE who receive their first vaccination shot between December 13 and December 31 will be eligible to win a $25,000 cash prize.
Grand Bahama trying ‘to keep the lights on’
Grand Bahama’s tourism industry is focused on “trying to keep the lights on” amid the protracted wait for a game changer that will revive the destination, a well-known hotelier said yesterday,
The FNM and our money
Debate on Supplementary Budget through May, 2022… yet again input of so many of the MPs, clearly shows their personal lack of information and facts and really reality.
Nassau ‘leads Americas’ on cruise ship port visits
Nassau Cruise Port is handling “more cruise ships than any port in the Americas”, its chief executive said yesterday, adding that “we’re well on our way to climbing out” of COVID’s devastation.
We are in trouble
Supplementary Budget - in the bluntest language Hon Philip Davis as Minister of Finance did not really say it, but folks believe me we are in financial trouble…useless not admitting it we are. Denial is precisely that.
IMF: 12% VAT rate ‘lowest in Caribbean’
The Bahamas’ soon-to-be-repealed 12 percent VAT rate was branded “the lowest in the Caribbean” by the International Monetary Fund (IMF) in its much-debated report to the Government.
INSIGHT: Are we ready to become a republic?
Barbados was the centre of attention last week – as the nation officially became a republic.
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.”
Retailer’s $10m spend creates up to 70 job
A Bahamian retailer yesterday said its $10m eastern New Providence investment, which has created 60-70 jobs, attracted more consumer traffic than expected during Saturday’s opening.
Testing for HIV/AIDS declined 55% in 2020
TREATMENT for HIV/AIDS has remained stable during the COVID-19 pandemic but testing for the virus declined by 55 percent in 2020, according to Dr Nikkiah Forbes, director of the National HIV/AIDS and Infectious Disease Programme.
Private companies to take on govt workers
MORE than 40 people who were being paid by the government but could not be placed because of a lack of vacancies in the public sector will be engaged by private companies.
Six more confirmed deaths from COVID
THE COVID-19 death toll has risen by six after several unclassified deaths were added to this category on Tuesday.
