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PM praises Ingraham for letter to China

PRIME Minister Perry Christie yesterday praised his predecessor Hubert Ingraham for the efforts he has made to help spur a quick resolution to the disputes that stalled the $3.5bn Baha Mar project.

NCAA: DeAndre Ayton tops ‘ESPN 60’ for class of 2017

THIS week represented the beginning of NCAA basketball recruitment as coaches were able to officially contact those respective recruits for the first time.

Whistleblower challenges CIBC evidence ‘credibility’

A Cacique award winner’s bid to avoid financial ruin may receive late help from a former Cabinet Minister, after ‘whistleblower’ evidence cited “inconsistencies” with CIBC FirstCaribbean’s case.

Near $200m energy saving from natural gas switch

The Bahamas would realise between $172-$186 million per annum in “net savings benefits” if it switched to natural gas as its main energy generation source, with this nation’s electricity system costs the highest in the Caribbean.

Gov’t is urged to ‘clarify’ VAT data

The Government was yesterday urged to “clarify” its Value-Added Tax (VAT) collection statistics, a leading private sector executive acknowledging the progress but warning it was too early to “heap praises on ourselves”.

Banks face 'Hand to hand mortgage combat'

Bahamian financial institutions are engaged in “hand to hand combat” to find scarce quality mortgage clients, a leading banker yesterday arguing that 8 per cent interest yields were not enough top compensate for high delinquency rates.

‘Not out of woods’ despite lowest deficit for 10 years

The Prime Minister yesterday warned Bahamians “we are not yet out of the woods” as he hailed the lowest first quarter fiscal deficit “in more than ten years”.

City Meat chief: $6-$10m to turn 4 stores around

CITY Markets' principal believes an investment of between $6-$10 million is required to turn the supermarket chain's remaining four New Providence stores around, telling Tribune Business he aimed to close their sale to Super Value "by the end of this week".

Attendance at public school now at 95 percent

ACTING Director of Education Dominique McCartney Russell revealed that the public school attendance rate for face-to-face learning is at 95 percent.

Fire mostly extinguished, Miller tells Jubilee Garden residents

THE FIRE at the city dump is about 90 to 95 per cent extinguished, Tall Pines MP Leslie Miller said yesterday, adding that 95 per cent of Jubilee Gardens residents are back in their homes.

Chamber chief: NHI start date ‘unrealistic’

A leading private sector yesterday said he “can’t see” National Health Insurance (NHI) launching by the January 1 target date, even though the Government reiterated its determination to roll the scheme out on schedule.

$31m budgeted for NHI’s first quarter

The Government is allocating $31 million to cover National Health Insurance’s (NHI) first three months, while somewhat bizarrely suggesting all sides’ first phase cost estimates “fall within a similar range”.

GB Power trying to ‘get ahead’ of URCA

The Grand Bahama Power Company’s (GBPC) three-year rate proposal is an attempt “to get ahead” of energy industry reform and URCA oversight of its activities, a Freeport MP charged yesterday.

BTC job loss fears on $24m saving plan

Fears of further job losses at the Bahamas Telecommunications Company (BTC) were raised last night due to the planned imposition of a new “centralised” business model, which will help its controlling shareholder realise a further $24 million cost saving.

PwC NHI ‘funding gap’ $38m ‘under-estimate

PricewaterhouseCoopers (Pwc) projections for the National Health Insurance (NHI) ‘funding gap’ are almost a $38 million under-estimate, due to the plan’s basic coverage expanding to a $400 million package.

Insurers ‘compared apples with oranges’ on NHI cost

The Bahamas Insurance Association (BIA) was yesterday accused of “comparing apples with oranges” over its estimates of National Health Insurance’s (NHI) total costs, a key government adviser suggesting it was resistant to “dramatic but necessary change”.

Briefly

I DON’T know what action will be sufficient to roll back both the Islamic State militant group and Russia’s president, Vladimir Putin, but I do know what’s necessary. And it’s not “leading from behind”, which didn’t really work for President Barack Obama in Libya, and it isn’t simply leading a lonely and unpopular charge from in front, which certainly didn’t work for President George W Bush in Iraq. It’s actually reviving America’s greatest strategy: leading from within.

The Tribune

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