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‘Horrendous June’ cuts Aquapure’s output 40%
A Bahamian bottled water supplier has endured "an horrendous June" after equipment failure and a "bonkers" supply chain cut production for the month by 40 percent.
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Bahamas downgraded by Standard & Poor's
Standard & Poor’s (S&P) today downgraded The Bahamas’ sovereign creditworthiness citing “the failure of successive governments to implement timely and effective” fiscal reforms even prior to COVID-19.
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‘You risk career taking public board job’
The National Sports Authority's (NSA) ex-chairman has warned "you risk your career to serve your country" when sitting on Boards at government-owned agencies.
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AML targets further $2m store upgrades
AML Foods plans to invest $2m in 2023 upgrades to its existing Solomon's Fresh Market stores and Cost Right Freeport as it strives to be a "catalyst" for the revival of that city's downtown area.
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INTERNATIONAL NEWS: Russia attacks Ukraine; peace in Europe 'shattered'
KYIV, Ukraine (AP) — Russia launched a full-scale invasion of Ukraine on Thursday, unleashing airstrikes on cities and military bases and sending troops and tanks from multiple directions in a move that could rewrite the world's geopolitical landscape. Ukraine's government pleaded for help as civilians piled into trains and cars to flee.
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'Misunderstood' on gasoline VAT cap
Abaco's Chamber of Commerce president believes the Government may have "misunderstood" calls for it to cap - not cut - the amount of VAT it earns on gasoline sales in a bid to ease inflationary pressures in the Family Islands.
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GLIMMER OF HOPE: Ratings agency S&P sees economic upturn but private sector cautious
The Bahamas does “not have enough control over our own plight” to take comfort from Standard & Poor’s (S&P) belief that COVID devastation has “bottomed out”, it was argued yesterday.
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Charles III formally proclaimed king
LONDON (AP) — Two days after his mother's death elevated him to the throne, King Charles III was officially proclaimed Britain's monarch Saturday in a pomp-filled ceremony steeped in ancient tradition and political symbolism — and, for the first time, broadcast live on television and online.
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'Save the country' with productivity
A Bahamian businessman yesterday said increased productivity is the only way to "save the country", and called on the Government to be "honest" with voters even if they lose an election for "doing the right thing".
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Govt reverses previous administration's stance on Venezuela's Maduro regime
In light of three countries being excluded from the upcoming Summit of the Americas, Foreign Affairs and Public Service Minister Fred Mitchell has announced that the government is reversing the previous administration's position on Venezuela and is now supporting Nicholas Maduro's regime.
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'Very small' US hike impact as national debt past $12bn
The Ministry of Finance's top official yesterday said last week's Federal Reserve rate hike had "a very small" impact on interest costs tied to the $2.317bn in foreign currency debt held by external investors.
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MLB players vote to end lockout, salvaging 162-game season
NEW YORK (AP) — Major League Baseball's acrimonious lockout ended Thursday when a divided players' association voted to accept management's offer to salvage a 162-game season that will start April 7.
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Nassau does not need local govt
The Progressive Liberal Party government's plan to introduce local government in Nassau will add another unnecessary layer of bureaucracy in the capital, which is where the central government is headquartered. The prime minister resides in Nassau. In fact, every prime minister dating back to Sir Roland Symonette lived in Nassau. To the best of my knowledge, each of Nassau's 24 MPs resides in New Providence, where the House of Assembly and the Senate are located.
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Queen Elizabeth II mourned at funeral by Britain and world
LONDON (AP) — Britain and the world said a final goodbye to Queen Elizabeth II at a state funeral Monday that drew presidents and kings, princes and prime ministers — and crowds who massed along the streets of London to honour a monarch whose 70-year reign defined an age.
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Gov’t and Opposition trade blows over S&P downgrade
The Government’s attempt to blame the former Minnis administration for The Bahamas’ latest downgrade “does not line up” with Standard & Poor’s (S&P) analysis, an ex-Cabinet minister says.
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Deficit target missed if not for aborted $86m PHA loan
The Opposition's finance spokesman yesterday charged that the Government would have missed its 2021-2022 deficit target but for the repayment of an aborted $86.2m Public Hospitals Authority (PHA) loan.
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Suns finish off Pelicans in Game 6
NEW ORLEANS (AP) — Chris Paul has accomplished so many things in his 17 NBA seasons that it's nearly impossible to rank his Mount Rushmore moments.
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