NIB reserves ‘in a state of decline’
THE National Insurance Board yesterday said its reserves are in a state of decline because the amount of benefits paid out annually have exceeded the incoming contributions since 2016.
EDITORIAL: Just tell us what govt will do over BPL costs
WILL they raise prices at BPL? Won’t they? Will the government throw a subsidy at BPL to avoid a price rise? Won’t they?
Library opened for female inmates at prison
THE Female Inmates’ Library was officially opened yesterday during a ceremony at the women’s prison yesterday.
Nearly one in five criminals reoffends, says minister
THE recidivism rate at the Bahamas Department of Correctional Services currently stands at 18 percent, according to National Security Minister Wayne Munroe yesterday.
‘Need for discussion’ on privacy for settlements
PRESS secretary Clint Watson says he believes there needs to be discussions about what sort of settlement agreements should be revealed to the public to ensure transparency while also protecting “people’s right to privacy”.
Relief packages to be offered to jitney drivers
GOVERNMENT will be offering relief packages to jitney drivers to offset the impact of increasing fuel costs, Housing and Transport Minister Jobeth Coleby-Davis announced yesterday.
‘Appetite for more’: Deals for $150m in capital eyed
A Bahamas-based investment banker has revealed three further capital raisings, each worth between $20m-$50m, are set to launch this year while asserting: “There’s definitely appetite for more transactions.”
Pintard warns BPL fuel subsidy plan ‘not lawful’
The Opposition’s leader last night said it would be illegal for the Government to directly subsidise Bahamas Power & Light’s (BPL) fuel costs after a Cabinet minister reiterated this is the only way to prevent higher electricity costs.
Don’t let WTO ‘hijack’ National Trade Policy
A Cabinet minister yesterday urged Bahamian businesses and consumers to “not get fixated” on World Trade Organisation (WTO) membership for fear it will “hijack” and “derail” efforts to develop a broader National Trade Policy.
‘Dire straits’: NIB in $70m payout deficit
The National Insurance Board’s (NIB) confirmation yesterday that benefit payouts exceeded contribution income by $70m for 2021 shows The Bahamas has “clearly run out of time” to address its woes without inflicting pain.
External shocks cause for a ‘special situation’
The Bahamas is “in a special situation” due to its high vulnerability to natural disasters and economic shocks, a trade specialist said yesterday, with imported goods ten times’ higher than exports.
FNM to renovate centre
THE Free National Movement Council in Grand Bahama is hosting major fundraising events to help renovate the Sir Cecil Wallace-Whitfield Community Building that sustained severe flood damage during Hurricane Dorian.
Attorney hails economy of independent Bahamas
Grand Bahama attorney David Thompson believes that after 49 years of independence the Bahamas has “the third most envious economy” in the Western Hemisphere, after America and Canada.
Gus Cooper hailed as he is honoured by Arawak Homes
FAMILY and loved ones gathered at the opening of the Winston “Gus” Cooper Manor yesterday, remembering the man best known as a visionary leader of the Valley Boys Junkanoo group.
Tributes at passing of ex-Speaker Symonette
FORMER House of Assembly Speaker and government minister Vernon J Symonette, CMG, has died.
BPL-Osborne discussing deal
DARNELL Osborne, former chair of the BPL board and two others are in the process of reaching an agreement outside of court with the government.
Questions raised over fatal crash
FAMILY members of two men killed in a traffic accident on Monday have expressed concern about the response time of first responders to the scene of the incident. According to reports, the incident happened shortly before 5am.
Taxi drivers chase 30% fares increase
TAXI drivers want a 30 percent increase across the board to offset the rising cost of fuel.
Govt funds for BPL to avoid price rise?
Works and Utilities Minister Alfred Sears says the government will have to provide a subsidy to BPL if the company is to avoid raising electricity costs on the Bahamian people.
Why I am proud to be a Bahamian
MATURE Christian thought has led me to the conclusion that the God of our faith, who created and directs all things, did so for His ultimate glory.
