August 2, 2012
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Moody's: Tourism, domestic demand woe make Budget too 'optimistic'
A Wall Street rating agency yesterday effectively warned the Christie administration its Budget sums were unlikely to add up, with the tourism industry - down 18 per cent from its pre-recession visitor spending peak - set to lag the overall economic recovery.
Moody’s fears VAT ‘difficult to implement’
The Bahamas is unlikely to stabilize its national debt before the 2016-2017 fiscal year, a Wall Street credit rating agency also warning that the proposed Value-Added Tax (VAT) may “become politically contentious and difficult to implement”.
Bahamas' 27% FDI ratioleads West Hemisphere
The Bahamas’ 27 per cent gross foreign direct investment (FDI) ratio led the entire Latin American and Caribbean region in 2012, a Wall Street rating agency yesterday ranking this nation as one of only two projected to achieve above average economic growth in 2012.
Wall Street backs VAT as 'good first step'
Wall Street yesterday described the Government’s plan to introduce Value-Added Tax (VAT) by 2014 as “a good first step” to tackling the Bahamas’ fiscal woes, given that it could have “dragged out” much-needed reforms.
Environmentalist: Oil will change Bahamas instantly
Wall Street will “immediately revise” its opinion on the Bahamian economy’s prospects and fiscal outlook if commercial quantities of oil are discovered in this nation, a local environmental expert believes.
Wall Street: Bahamas off 2.5% growth target
Wall Street believes the Bahamas has failed to meet projected economic growth targets for 2012, a leading rating agency finding that GDP expansion is set com
Moody's warns of BTC credit risk
WALL Street last night blasted the Christie administration’s plans to regain majority control of the Bahamas Telecommunications Company (BTC) as “negative” for this nation’s sovereign credit rating, and slammed the Government’s “erratic” policy approach as undermining this nation’s investment climate.
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