COVID-19 sparked $200m private pension drawdown
Financially-stricken Bahamians drew down on more than $200m in private pension savings to ensure they survived COVID-19’s devastating economic impact, a financial executive revealed yesterday.
Don’t ‘demonise’ food sector over price controls dispute
Grocery retailers are anxious not to be “demonised” over their opposition to an expanded price control regime they fear could undermine Bahamian food security, an attorney said yesterday.
Minister: ‘Nothing wrong’ with the Bahamas’ bonds
A Cabinet minister yesterday asserted “there’s nothing wrong” with The Bahamas’ economic and fiscal standing even though its long-term sovereign debt is trading at greater than 40 percent discounts with yields at 18-19 percent.
Bran: Medicine price controls are ‘back door’ VAT admission
The Democratic National Alliance’s (DNA) ex-leader yesterday slammed the imposition of price controls on the pharmaceutical industry as a “back door” admission by the Government that reimposing VAT on medicines was a mistake.
FTX to hire more than 100 Bahamians for crypto work
The Bahamas’ digital assets flagship is pledging to hire more than 100 locals as crypto currency specialists among the 700-strong full-time workforce that will staff its $60m West Bay Street headquarters.
‘Haiti is struggling with 60 percent unemployment’
HAITIAN Chargé d‘affaires Louis Harold Joseph yesterday gave more insight into the social and criminal element in Haiti, which he said now has a 60 percent unemployment rate, causing much of the country’s problems.
Masks donated to Eleuthera schools
STUDENTS and teachers at several public schools in South and Central Eleuthera received a much-needed donation of face masks this week as they returned to in-person learning.
‘Sharp rise’ in children’s respiratory illnesses
PRINCESS Margaret Hospital’s Paediatric Emergency Department said there has been a “sharp rise” in respiratory illnesses among children.
Six diplomats sworn in
SIX new diplomats were officially sworn in during a special commissioning ceremony at Baha Mar yesterday.
30-year-old dies in traffic accident
POLICE in New Providence are investigating a traffic accident that left a 30-year-old man dead yesterday.
Retailer issues may be ‘resolved by Friday’
ECONOMIC Affairs Minister Michael Halkitis said he hopes that all issues between government and retailers are resolved by Friday.
Father guilty of incest
A FATHER was yesterday unanimously found guilty of two counts of incest for forcefully having sexual relations with his now adult daughter when she was still a teenager.
Watson: I was wrong and I’m sorry
AFTER receiving immense backlash, press secretary Clint Watson was forced to backtrack on comments he made relating to women’s rights groups being “quiet” when it comes to advocacy to criminalise marital rape.
Halkitis: Country is not in recession
ECONOMIC Affairs Minister Michael Halkitis said the government does not believe the country is in a recession, as he pointed to being in the midst of a “very strong rebound in the economy” led by tourism.
TROOPS READY TO GO TO HAITI – PM: Bahamas will abide by CARICOM deployment decision
PRIME Minister Philip “Brave” Davis says if CARICOM decides that the Haitian situation requires the deployment of security troops, then The Bahamas “will abide by the outcome” of the organisation’s resolution.
Trade deficit leaps 15.6% to $715.1m
THE Bahamas’ trade deficit increased by 15.6 percent to $715.097m during the 2022 first quarter as cross-border flows continued to rebound from the COVID-19 related restrictions of the year before.
I-Elite Academy products among 200 prospects in showcase
MAJOR League Baseball’s trainer partnership programme returned to The Dominican Republic to host its first major international prospect showcase in just over two years.
Water Corp’s $66m subsidies from taxpayer ‘unsustainable’
THE WATER and Sewerage Corporation’s (WSC) fuel costs now account for 41 percent of its operating expenses, a Cabinet minister said yesterday, branding the $66m in taxpayer subsidies for the utility’s capital projects as unsustainable.
Next set of basketball games at Loyola Hall on October 20
THE 2022 Bahamas Catholic Board of Education (CBE) Primary Schools Basketball Season kicked off on Friday, October 14 at Loyola Hall, Gladstone Road.
Public works inspection of cruise port
I just stopped by briefly to ask for your permission for this letter to be published because I believe that what I have observed may not have been brought to the attention of the Bahamian people.
