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S&P questions Gov’t over US $300m bond

The Government’s decision to go to the international capital markets for a US$300 million bond yesterday appeared to be questioned by a Wall Street credit rating agency, which said there was “significant appetite” for its debt in the Bahamas.

Debt-to-GDP lowered by a fifth, reports govt

PRIME Minister Philip “Brave” Davis commended his administration’s fiscal performance compared to that of the former administration’s pre-pandemic levels, telling the Opposition: “There is a reason why we are here and you there.”

BPC director blasts 'preposterous' action

A Bahamas Petroleum Company (BPC) director yesterday slammed "preposterous" environmental activists for seeking to block this nation from discovering whether it has natural resources to exploit.

'How could I compete' against 7 cents power?

A Bahamian businessman yesterday questioned “how am I supposed to compete” against foreign rivals whose all-in electricity costs are almost two-thirds lower than BPL’s fuel charge.Robert Myers, who also heads the Organisation for Responsible Governan

Web shop tax hikes ‘in our best interests’

The web shop industry tax hikes are in “the best interests of the Bahamian people” due to the social costs the sector imposes, a Cabinet minister argued yesterday.

Warning of lower growth than forecast

The International Monetary Fund (IMF) yesterday slashed its 2013 economic growth forecast for the Bahamas by 80 basis points, prompting an Opposition MP to urge: “We have to find new ways to grow this economy.”

Gov't concern on conch export block decision

The Government yesterday voiced concern that Queen Conch exports could be threatened if the US declares them an endangered species, creating “significant social and economic hardship” for thousands of Bahamian and regional fishermen.

BNT eyeing 'rough' Q4 over funding concerns

THE Bahamas National Trust (BNT) is refining its fund raising strategy its executive director said yesterday, telling Tribune Business that the third quarter of the year is “going to be rough” unless it is able to obtain significant funding.

‘Be careful how world eyes Freeport change’

THE GRAND Bahama Chamber of Commerce’s president yesterday warned that the Government must pay attention to how its actions are perceived by potential investors as it strives for major in Freeport’s governance.

Five weeks of rising COVID cases in region

FOR the past five consecutive weeks the Caribbean has experienced a rise in new COVID-19 infections, according to Pan American Health Organisation Director Dr Carissa Etienne yesterday.

'Murder rate due to drugs and guns'

NATIONAL Security Minister Tommy Turnquest said yesterday the Bahamas' high murder rates stem primarily from drugs and firearms.

‘All-Bahamian’ $30m hotel gets conditional go-ahead

The Bahamian developer of a proposed $30m West Bay Street hotel was yesterday granted preliminary site plan approval for the project provided its “side setbacks” are increased to 15 feet.

Key revenues off 30% in Matthew aftermath

Hurricane Matthew’s impact on government revenues has been exposed by data showing a collective 30 per cent month-over-month drop-off in three key taxes during October.

Tourism targets Latin American expansion

THE Ministry of Tourism has brought Latin America to the Bahamas through a recent familiarisation trip for journalists.Media personalities from Colombia, Peru and Panama visited Nassau and Paradise Island to receive a taste of Bahamian culture, as th

DPM: Bahamas faces 'deep, stark' recession

The deputy prime minister yesterday warned The Bahamas faces a “very deep and stark recession”, and urged it to brace for “major problems” if the COVID-19 crisis continues beyond summer.

Classes resume at University of the Bahamas campus in Freeport

THE University of The Bahamas North has reopened and resumed classes at its downtown centre in Freeport, a month after Hurricane Dorian destroyed the northern campus in East Grand Bahama. Dr Ian Strachan, vice president of UB North, said university

VAT exemptions 'not in best interest of gov't or businesses'

EXEMPTIONS under the proposed Value Added Tax (VAT) systems would “not be in the best interest of the government or businesses” according to the head of the Retail Grocers Association, who argued that the potential to recover only 20-25 per cent of their inputs would eventually drive some retailers out of business.

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