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$377m investment for BPL’s LNG conversion
A total $377.4 million investment is required to convert Bahamas Power & Light’s (BPL) generation plants to liquefied natural gas (LNG), an IMF ‘working paper’ revealed yesterday.
LJ Rose takes part in a workout with the LA Lakers
FOLLOWING an injury-shortened final collegiate season, LJ Rose has shifted his sights to the professional ranks and had an opportunity to attend a pre-draft workout for one of the NBA’s most storied franchises.Rose participated in a workout for the L
Minister says residency processmore important than threshold
A Cabinet minister is more concerned over the process by which permanent residency is granted rather than the threshold that triggers it, adding that the Bahamas has to “re-brand and reposition” to shed the ‘tax haven’ label.Brent Symonette, minister
The Way Forward Part 2: Party Structure and Governance
FROM October 2016 to January 2017, my campaign team and I undertook a listening tour amongst stalwart councillors, branch officers and delegates of the PLP in New Providence, Abaco, North and Central Andros, Bimini, Cat Island, Grand Bahama, Eleuther
Tourism minister to avoid ‘devastating cannibalisation’
The Minister of Tourism yesterday said his priority is to avoid any “devastating cannibalisation” impact from Baha Mar’s full opening on other New Providence resorts.
Bahamas facing multi-billion debt rise every five years
SUCCESSIVE governments will continue adding $1 billion-plus to the national debt every five years without structural reforms and greater GDP growth, an ex-finance minister saying: “I saw this coming 13 years ago.”
Doctors targets stem cell therapy launch
DOCTORS Hospital plans to launch stem cell therapy and enter the primary healthcare market during its current financial year, after profits for the year to end-January 2017 increased five-fold.
Govt ‘will do better’ than GDP forecasts
The Minister of Finance yesterday pledged that the Government “will do better” than the Bahamian GDP growth rates projected by the IMF, acknowledging that this nation’s economy had “not performed to the levels required”.
Gov’t contains early 2017 deficit growth to $27.9m
The Christie administration contained the fiscal deficit’s February 2017 increase to just $7.6 million, putting it on course to close 2016-2017 near its $350 million target.
Tourism ‘subdued’; LPIA departures decline 3.6%
The Central Bank yesterday identified a mixed outlook for the Bahamian economy, with increased domestic demand offset by a “subdued” tourism performance that saw air departures shrink by 3.6 per cent.
EDITORIAL: Russia and health care dog Trump's presidency
DONALD Trump’s presidency seems so profoundly chaotic and different that it is hard to imagine it somehow fitting into any kind of pattern, either domestically within the United States or in the contemporary world. Perhaps the passage of time may yet weave this administration into some kind of coherent fabric. But for now it still looks dismayingly unique.
Cut spending 5% per year, Govt is urged
The Bahamas needs to cut spending by 5 per cent a year during the Minnis administration’s five-year term in office unless economic growth suddenly picks up, a governance reformer believes.
Fourth Quarter Press: Cavaliers - Warriors 3 - another classic in prospect
WINTER is finally here. Yes, I am a huge ‘Game of Thrones’ fan and it provides the perfect context for this year’s NBA playoffs and championship scenarios. I’m not going to bore you with the details here, but to say the least, this year’s playoffs
Gov't to ensure minority investors make BOB Board
The Government yesterday pledged to ensure minority investors are represented on Bank of the Bahamas’ Board, as it urgently explores options for a multi-million dollar recapitalisation of the troubled institution.K P Turnquest, the Minister of Financ
University’s $18.3m bond ‘fully taken’ from first day
The University of the Bahamas’ (UOB) advisers yesterday predicted its $18.3 million bond issue will be fully subscribed on the first day, with Monday’s launch only awaiting the Minister of Finance’s sign-off.
Matthew blows Summit off ‘five-year peak’ track
A Bahamian insurer yesterday said it was “on track to have our best year for five years” until Hurricane Matthew intervened, dropping total comprehensive income by 61.7 per cent year-over-year.
Financial sector inspects ‘final’ tax reform draft
The Bahamian financial services industry is reviewing the “final draft report” on reforming this nation’s tax structure, as it bids to enhance the sector’s competitiveness by identifying new business possibilities.
Glimpse of a Minnis doctrine
Students of politics who parse words and debate policy were absolutely delighted with the first public statements by the new Prime Minister.
Govt structure aids financial services Immigration ‘lever’
The Government’s has been praised for bundling Immigration with financial services in the same ministerial portfolio, a senior executive suggesting it would help “leverage real international business” for the Bahamas.
Gibson Jr regains National Amateur golf title
RICHARD Gibson Jr, taking advantage of the home surface where he works, put the finishing touches on his four days of intense competition Saturday to regain the men’s title at the Royal Blue Golf Club, Baha Mar.
