Ex-Board defends BPL’s $535m bond
Bahamas Power & Light’s (BPL) outgoing Board yesterday pushed back against the Davis administration’s bid to kill-off the utility’s $535m refinancing by defending it as the “optimal solution”.
COVID loan defaults ‘not as bad as feared’
The Central Bank’s governor yesterday said the rise in COVID-related loan delinquencies is not as bad as feared with the increase set to fall “well below” the previous 15 percent peak.
‘Stressed’ oil explorer facing a $19m deficit
The oil explorer seeking to renew four drilling licences in Bahamian waters yesterday admitted it is in “a stressed financial position” with outstanding bills exceeding its cash resources by $19m.
Debt consolidation leads loan requests
Bahamians are struggling to finance “big ticket items”, the Central Bank’s governor said yesterday, given that debt consolidation accounts for 36 percent of all consumer loan applications.
PM tells COP26: Do what is needed, not what you can get away with
PRIME Minister Philip “Brave” Davis called on world leaders to take concrete action on climate change as he spoke at the United Nations Climate Change Conference in Glasgow, Scotland on Tuesday.
Speaker: Points of order must wait until after govt communication
HOUSE Speaker Patricia Deveaux has warned parliamentarians that points of order will not evolve as a “weapon to stifle debate or otherwise deprive a member of his right to be respectfully heard”.
Mitchell: Stick to issues and don’t bash former govt
PROGRESSIVE Liberal Party chairman Fred Mitchell has advised his new colleagues to stick to important national issues and refrain from bashing the former government when making contributions in Parliament, thanking the Governor General for the Speech from the Throne.
Davis joins world leaders at climate conference
ABOUT 120 leaders came together in Glasgow yesterday at the start of COP26, launching two weeks of global negotiations to help determine whether humanity can drive forward the urgent action needed to avoid catastrophic climate change.
‘Brave’s gone M.I.A. on COVID strategy’
FORMER Prime Minister Dr Hubert Minnis criticised the Davis administration’s COVID-19 response in the House of Assembly yesterday, saying his successor has been “missing in action” from the fight compared with other world leaders.
Police probe officer’s actions in Gibson trial
DAMIAN Gomez, QC, said Police Commissioner Paul Rolle told Shane Gibson in a meeting on Friday that the Royal Bahamas Police Force will investigate Superintendent Debra Thompson’s actions related to the former minister’s bribery trial.
New rules for a ‘new reality’
THE Davis administration yesterday tabled the 2021 Health Services Rules in the House of Assembly to replace the current COVID-19 emergency orders – regulations that, once enacted, will put an end to the competent authority and empower the Ministry of Health and Wellness to manage the ongoing pandemic.
Waltiea Rolle: ‘I can still play a little more before saying goodbye’
WALTIEA Rolle has had a successful return to pro basketball this season, but the veteran centre still believes she has much room for growth to reach both her short term and long term goals.
Avid golfers announce first annual Potcake Golf Tournament
A SMALL group of avid golfers is taking a swing at combining their love of the sport with their respect for animals – they’ve announced the first annual Potcake Golf Tournament.
Dorsett continues to move up international softball ladder
BAHAMIAN long-time executive Burkett Dorsett continues to move up the international softball ladder, this time as one of the commissioners for the World Baseball Softball Confederation of Americas Competition.
Tennis: Sydney Clarke and Blazers earn 10 match wins to end season
HAVING played in her fourth tournament for the year, Sydney Clarke said she’s glad to have made the adjustment to her game from the start of her sophomore season at the University of Arlington at Birmingham.
Food process hub targets $1.8m crowd fund raising
An all-woman partnership is seeking to raise $1.8m via the ArawakX crowd funding platform and become “the regional hub” for food processing and export distribution.
Governor adjusts 2022 GDP growth to 6-8%
The Central Bank’s governor yesterday adjusted 2022 economic growth projections to 6-8 percent, with The Bahamas not expected to “fully erase” COVID’s impact before 2023 “at the earliest”.
Gov’t in Hansard review over heritage sites deal
The deputy prime minister yesterday said the Davis administration is seeking to determine whether Parliament was misled over a contract seemingly related to heritage and cultural tourism.
Tourism Minister applauds White Sands Bahamas NCAA Golf Invitational teams at the Ocean Club
ACTING Prime Minister and Minister of Tourism, Investments and Aviation (MOTIA) Chester Cooper delivers remarks at White Sands Bahamas NCAA Golf Invitationals at the Ocean Club Golf Course at Atlantis on October 31.
Pintard for FNM leader a no-brainer
THE September 16 general election was the most ho-hum since the formation of the Progressive Liberal Party (PLP) in 1953. The low voter turnout attest to this fact.
