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Minister urges end to pensions anomalies
A Cabinet minister yesterday called pension anomalies impacting Royal Bahamas Defence Force officers to be addressed.
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Wildcats, Avengers upset in flag football semi-finals
The Bahamas Flag Football League (BFFL) semifinals saw both defending champions ousted from the playoffs this past weekend.
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New hope
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The averted US debt default, and positive data from the American jobs market, put international investors in a buying mood. In Germany, the Dax index jumped over the 16,000 point mark last Friday. Wall Street also closed higher.
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INSIGHT: A moment in history for us all
THE Coronation of HM King Charles III was an historic moment by any measure. Never have so many people watched a Coronation, and its mystery – hard to describe or imagine or draw – meant over 450 world leaders travelled to London for this Coronation.
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NAD returns to $322m debt terms compliance
The Nassau Development Company (NAD) no longer requires a government "commitment" or waiver from its lenders after returning to full compliance with conditions governing its outstanding $322.313m debt at end-September 2022.
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Atlantis probe can’t be ‘a fishing expedition’
A trade union leader yesterday warned the Government that it must have "a legitimate basis" for its Atlantis labour probe and said: "It cannot be a fishing expedition."
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New king can make a difference
King Charles was crowned King of The UK and the Commonwealth of Nations proper today. Salutes and a hardy Hoorah to thee. A new King, and an enabled leader of the UK in fact. Charles has been waiting for this day all his life, and it’s now his time to make a difference, imprint himself upon his nation and the world as a leader both different and unique to the British Monarchy. While Queen Elizabeth was a rock of the status quo Charles has a chance and an obligation to make a profound difference as a leader.
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Bahamas yet to leverage anti-corruption reforms
THE BAHAMAS has not properly leveraged the strength of recent anti-corruption reforms, a governance reformer argued yesterday.
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Moody’s claims that we’re optimistic? We have to be
The Bahamas must “hold the line” on government spending to build investor confidence that it is not solely relying on economic growth “to fund any errors” in its fiscal projections, a well-known banker urged yesterday.
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Downtown revitalisation being unfair?
Where is the fairness? Please permit me to offer a few comments relative to remarks reportedly made by Mr Michael Maura at the recent Bahamas Business Outlook regarding the state of waterfront properties to the east of East Street north connecting Bay and the expectation that the movement of shipping operations away from Bay Street along with the attendant tax breaks and concessions, would encourage the owners of these properties to undertake improvements.
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Towing fare increase could heighten risks
Automotive repair shops yesterday voiced concern that the 67 percent, or two-thirds increase, in standard towing fees could prompt Bahamians to take more risky measures to move broken down vehicles.
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A massive U-turn in China
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Having maintained a strict zero- COVID policy for almost three years, the Chinese government had become a prisoner of it. The strategy was designed to address the low vaccination rates of the elderly population (80 million people aged 80+ years are not vaccinated and 44% of the population did not receive the third dose, this percentage rising to 60% among people aged 80+ years). And, although studies in Hong Kong comparing CoronaVac with BioNTech’s vaccine have not been conclusive, the Chinese government did not seem to have much confidence in the degree of immunity provided by their own vaccines.
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ALICIA WALLACE: Handling the holidays
IN just a few days, Christmas Day will be here and we will all hear people saying some version of, “All that, and one day and it’s over.” The build-up to Christmas is long, everyone seems to be frantic, and everything is expensive and time-consuming. Many resources go into planning and executing Christmas activities, and for many of us, it is all an untouchable, unchangeable practice, but what if we took a step back?
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Ministry: Not all road fees affected
THE Ministry of Transport and Housing released a statement yesterday on impending Road Traffic Department fee increases, clarifying that not all fees have been affected by the adjustments set to take effect January 1, 2023.
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BPL gives resorts nod to explore renewables
Bahamas Power & Light (BPL) has given the go-ahead for the resort industry to “explore” cost-cutting renewable energy options although the details remain to be agreed, a top hotelier said yesterday.
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BPL’s ‘15%’ mega hotel dilemma on renewables
Bahamas Power & Light’s (BPL) former chief executive warned it cannot afford for the country’s two largest mega resorts to convert entirely to renewable energy because it would lose 15 percent of its revenues.
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Private sector credit shrank 20% pts of GDP pre-COVID
The Bahamas’ low pre-COVID economic growth coincided with bank credit to the private sector contracting by the equivalent of 20 percentage points of GDP, an international rating agency has revealed.
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$600,000 on furniture at embassy
AN AUDIT into The Bahamas’ Embassy in Brussels, Belgium found that over $600,000 of taxpayer’s money was spent on furniture purchases for the official residence.
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ALICIA WALLACE: Why it isn’t easy to live in The Bahamas
THIS is not an easy place to live. It may be paradise for the people who pass through, enjoying beach days, hotel amenities, and the hospitality of people who are not paid anywhere near enough for what they do, but for Bahamians, it is far from pleasant.
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Gas wholesalers eye rise In 20-year unchanged margins
PETROLEUM suppliers are urging the Government to increase price-controlled margins that have remained unchanged for 20 years so they can better cope with escalating costs.
