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Water & Sewerage supplier eyes expansion despite $18.5m debt
The Water & Sewerage Corporation’s main supplier is eyeing potential expansion possibilities on New Providence notwithstanding the $18.5m debt that the state-owned utility continues to owe it.
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Flowers ordered to pay ex-FML executive $120k
Craig Flowers’ FML web shop chain has been ordered to pay a former senior executive $120,000 plus interest after the Court of Appeal overturned a previous verdict relating to “irregularities” designed to inflate staff earnings.
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Pintard: Govt needs to speak with one voice on VAT
FNM leader Michael Pintard says the government needs to clarify its position at the cabinet level on reducing Value Added Tax (VAT) on breadbasket items.
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IAN FERGUSON: A new vision for Grand Bahama
I had the honour and privilege of attending the groundbreaking ceremony for the Carnival Cruise Line’s port terminal for the island of Grand Bahama yesterday and what a celebration it was.
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BOB shedding ‘haunted’ past with 20% growth goal for ‘23
Bank of The Bahamas top executive yesterday asserted it is moving beyond the bail-outs that “will forever haunt” the institution with predictions it will grow this year’s forecast $7m profit by a further 20 percent in 2023.
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HUBERT EDWARDS: The low growth, high debt trap
In the first article we assessed some of the consequences from a high, and growing, national debt. With The Bahamas’ debt-to-GDP ratio expected to remain above 80 percent over the mid-term at least, the question that dominates is the extent to which this is sustainable.
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PETER YOUNG: A fine British tradition
AS always, it was an impressive display of pomp and circumstance. In the grand surroundings of the House of Lords chamber in the Palace of Westminster in London, the State Opening of Parliament took place last week to mark the ceremonial start of the parliamentary year.
