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A well-known businessman is arguing that the Government’s securities must again become “the best debt in the country” as he hailed the Central Bank’s reversal of its public brokerage services.
GLASGOW last year, Rwanda this week, Egypt for the COP27 conference in November … with all this jetting around the world, our climate change problems must be on the way to being solved. No?
There are encouraging signs that the present PLP government will go further than Mr Christie’s in reversing the ingrained national inferiority complex that has done this country such harm in terms of policy since 1992.
The Bahamas is aiming to “double” stopover visitor numbers within the next three years as it bids to reverse its “shrinking” share of the Caribbean visitor market, the deputy prime minister revealed yesterday.
Bahamian gas stations say “no business operates” on the unsustainable seven percent gross margins they are enduring amid warnings the sector may have to cut jobs and operating hours to survive.
A multi-million underwater explorer yesterday said it will cease treasure salvaging in Bahamian waters immediately if the Government's plans to take a "majority" share of the financial rewards prove unworkable.
A MAN was sentenced to one year at the Bahamas Department of Correctional Services yesterday for shop-breaking.
The Water and Sewerage Corporation (WSC) racked up a $40m debt owed to its major reverse osmosis suppliers since Hurricane Dorian struck in 2019, an MP said yesterday.
Total air arrivals to The Bahamas rebounded to 85 percent of pre-COVID numbers during April, more than doubling prior year numbers for a period that included the peak Easter holiday weekend.
A MAN was sentenced to six months in prison yesterday for receiving $47.36 worth of aerosols over the Father’s Day Weekend.
The deputy prime minister yesterday pledged that the Davis administration will “not give the shop away to investors for a bowl of porridge” as he revealed it is presently reviewing the tax breaks granted to them.
Super Value’s principal yesterday said shoppers have “cut back drastically” on luxury items to make every dollar count, while revealing the supermarket chain’s own transportation budget has soared 47 percent.
Tourism’s “collapse” at COVID-19’s peak “exposed the fragility” of The Bahamas’ current economic model by producing rare twin goods and services trade deficits worth a combined $1.7bn.
The Bahamas’ foreign currency reserves closed May 2022 above $3bn despite a $65m drop-off during the month, with the Central Bank reiterating its belief that they remain “more than adequate” to sustain the US dollar peg.
Retailers yesterday said Independence Day sales are much stronger than last year with one reporting a 10 percent year-over-year increase.
Bahamian retailers have been left disappointed by Budget tariff cuts that were “not as broad-reaching as we’d have liked”, adding: “Ten percent of something is better than 45 percent of nothing.”
The Government is focused on “telling the story about The Bahamas” and its post-COVID recovery to ensure international investors and markets retain confidence in the country’s debt, a Cabinet minister said yesterday.
Health insurers have yet to meet the Prime Minister over VAT reforms that threaten to increase medical bills and healthcare costs, with the Government yesterday accused of “adding insult to injury” for thousands of Bahamians.
IT IS time that several nations, led in the Western Hemisphere by the US and Canada, correct a foolish wrong. Among those countries are two member states of the Caribbean Community (CARICOM), namely Haiti and Jamaica.
The Opposition last night accused the government of “sneaking” in a tax break for the rich by ordering Customs to eliminate the ten percent duty rate on so-called “pleasure vessels” outside the normal Budget process.