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Bahamas should ‘cut rates’ if US increases
A well-known Bahamian economic commentator yesterday argued that the Central Bank should lower its Prime rate whenever the Federal Reserve raises US interest rates.
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Central Bank: Inflationary pressure to be ‘contained’
The Central Bank yesterday forecast that “inflationary pressures will remain contained” while The Bahamas’ foreign currency reserves will close 2022 above “international benchmarks”.
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Year ends seeing first shoots of growth
THE Central Bank of The Bahamas said that the economy will “register marginal growth” for 2021.
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BPL’s ‘wild price swings’ preventer set for extension
Bahamas Power & Light’s (BPL) chairman yesterday said the utility’s fuel hedging strategy will almost certainly be continued beyond end-June 2022 to protect customers from “wild price swings”.
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Bank chief pushes back on imminent debt default
A prominent banker yesterday said there are no signs the international capital markets agree with a Caribbean economist that a Bahamian sovereign debt default is imminent.
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EDITORIAL: Not a popular thing to say - but the right thing
HE won’t win many friends in politics by saying it – but Myles Laroda is right to draw attention to the state of the National Insurance Board reserves.
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Jumpers rule at horse show in Camperdown
SPEED, style and precision ruled the day at the Camperdown Equestrian Centre Semi-Annual Horse Show held this past weekend.
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Ministry denies reports of approval given to holiday carnival
THE Ministry of Health and Wellness has denied “false reports on social media” claiming that Health Minister Dr Michael Darville approved the holiday carnival to operate on Clifford Park starting this month until January.
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Tax hike measures branded ‘inevitable’
New and/or increased taxes are “inevitable somewhere down the road” as greater enforcement and collection efforts will be insufficient to meet The Bahamas’ revenue needs, an investment banker warned yesterday.
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Briland hotelier: ‘Will bubble pop?’
A prominent Briland hotelier yesterday said tourism operators “don’t know whether a bubble is going to pop” with resorts continuing to enjoy “unheard of” bookings for the summer months.
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Pintard: We ought to choose wisely who we commit ourselves to
WHILE expressing support for the criminalisation of marital rape, Marco City MP Michael Pintard said people must choose wisely who they marry to avoid the possibility of sexual abuse within their union.
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BPL fuel hedge among ‘first issues’ for Board
Bahamas Power & Light’s (BPL) fuel hedging strategy will be continued beyond its June 2022 end, a Cabinet minister promised yesterday, although there may be some adjustments.
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Marinas awaiting ‘sold out’ Xmas
Bahamian marinas are eyeing “solid bookings” from this Christmas to May 2022, Tribune Business was told yesterday, with many already “sold out” for the year-end holiday season.
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IMF restructure?: ‘Not on my watch’
A Cabinet minister yesterday pledged “not on my watch” after a noted Caribbean economist again forecast The Bahamas will need an “IMF restructure” with GDP still below pre-COVID at end-2023.
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Gov’t gives ‘priority focus’ to 30% foreign debt ratio
The Government is giving “priority focus” to reducing its foreign currency debt to 30 percent of total liabilities in a bid to reduce pressure on The Bahamas’ currency peg and external reserves.
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FNM leader believes public 'disappointed' by govt's marital rape issue response
FREE National Movement Leader Michael Pintard says he believes the public has been “disappointed” by government’s response to the issue of marital rape.
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Palm Cay developer’s $100m ‘Rise’ in west
Palm Cay’s developer yesterday said it was aiming to “Rise” in western New Providence by the 2022 second quarter with a $100m investment in its latest real estate project.
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‘Rid yourselves of negative thoughts’ on $200m project
Bahamians were yesterday urged to “rid themselves of any negative thoughts” as to whether the latest $200m effort to revive the Cotton Bay Club is for real.
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NIB to boost prosecution of delinquent employers
A Cabinet minister yesterday said the National Insurance Board (NIB) plans to prosecute more delinquent employers, and recover all contribution income due to it, amid projections that its $1.6bn reserve fund will be exhausted by 2028.
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Bahamas had to ‘walk and chew gum earlier’
The Bahamas should have “found a way to walk and chew gum” earlier in the COVID-19 pandemic so as to minimise its foreign currency debt hike, an economist argued yesterday.
