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Stock markets on track for really tough January
ActivTrades
The first month of 2022 has been a challenging one for most stock market investors thus far.
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”.
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.
‘Expect hardship’ from inflation, interest hikes
A former finance minister yesterday warned that “every family can expect hardship” from rising inflation that will exceed the current 7 percent rate in the US.
WORLD VIEW: Democracy in Barbados fully entrusted to the new Mia Mottley government
Rejecting the accusations of bullying and despotism that were levelled at Mia Mottley, the overwhelming majority of the electorate of Barbados returned her and her Barbados Labour Party (BLP) to government for a second consecutive term at general elections held on January 19.
COVID food initiative had ‘highest level of integrity’
The probe into the $51m COVID food assistance initiative will conclude that taxpayer funds were “used to the greatest effect” if it is unbiased, a governance reformer asserted yesterday.
Hilton’s ‘indefinite’ close threatens up to 130 jobs
The “fragility” of tourism’s post-COVID rebound was yesterday underscored by the British Colonial Hilton’s decision to “indefinitely” close from February 15, 2022, and terminate up to 130 staff.
INSIGHT: Much A-Dubai about nothing
Dubai’s lightning explosion onto the world scene is exactly the kind of example The Bahamas needs to break out of our sad cycle of stagnation and mediocrity. Prime Minister Davis should be applauded for having the initiative and imagination to lead the way in connecting us with one of the most stunning economic revolutions in modern history.
