‘Absolutely concerned’ on 45% foreign currency debt
Bahamians should “absolutely be concerned” about foreign currency borrowings rising to almost 45 percent of the near-$10bn national debt, a local economist warned yesterday.
Banks suffer 37% profitability decline
Bahamian commercial banks saw total private sector loan arrears increase by $76m during the 2020 fourth quarter as the sector’s collective profitability shrunk by 37 percent year-over-year.
Govt told: Fulfill pledge on GB incentive repeal
The government has been urged to finally give Freeport’s private sector the certainty it urgently needs by fulfilling a key 2017 campaign pledge to repeal Christie-era investment legislation.
‘Don’t have luxury of wasting money’
A past Bahamian Contractors Association (BCA) chief yesterday voiced optimism the government’s procurement reforms will deliver taxpayer value, adding: “We don’t have the luxury of wasting money.”
Nassau’s tourist arrivals just 2.7% of 2019’s 1m
Total tourist arrivals to New Providence during the 2020 fourth quarter amounted to just 2.7 percent of the prior year’s 1m visitors to further expose COVID-19’s drastic impact on the sector.
UPDATED: Medical teams are ready as vaccinations begin
AMID growing concerns over the Oxford-AstraZeneca vaccine in some European countries, Health Minister Renward Wells has stressed that if any Bahamian were to experience negative post vaccination side effects, the government will respond “immediately”.
Please, don’t take risks
AFTER two tragic boating accidents over the weekend, National Security Minister Marvin Dames is urging boaters to use caution and not take risks while out at sea.
‘Lent is for God - not elections’
Bahamas Christian Council President Delton Fernander yesterday criticised large political groups who have been campaigning in constituencies while some COVID restrictions remain on churches.
UPDATED: PLP ratifies 13 candidates: Dr Michael Darville to run in Tall Pines, not Leslie Miller
THE Progressive Liberal Party ratified 13 candidates for the next general election on Tuesday night – including Senator Dr Michael Darville in the Tall Pines constituency and not longtime representative Leslie Miller.
Payday lender: Govt workers kept us going
A pay-day loan provider yesterday said government employees had ensured its business remained steady throughout the COVID-19 pandemic.
Deandre Ayton and Suns roll past Grizzlies 122-99
PHOENIX (AP) — Devin Booker scored 27 points, Chris Paul added 18 and the Phoenix Suns rolled to a 122-99 victory over the Memphis Grizzlies on Monday night.
Man accused of entering home and indecently assaulting woman
A Freeport man was yesterday charged with burglary and indecent assault.
Family Islands ‘do not blend’ with cruise lines
Exuma’s Chamber of Commerce president yesterday voiced concerns that planned weekly calls by a cruise line “don’t blend in” with the island’s existing tourism product.
Hospital nears end of phase one
PHASE one of the urgent and emergency care project is nearing completion at Princess Margaret Hospital.
Four accused over drugs
FOUR men on Grand Bahama were arrested for drug possession with intent to supply, according to police.
Man denied bail in threat case
A 28-YEAR-OLD man was remanded to prison yesterday accused of robbing a man and threatening to kill another earlier this month.
Rollout of COVID vaccine
The Press Release from the OPM dated March 14, 2021 is a disgrace and a calculated insult to the elder population of The Bahamas.
Why just PM to pick board?
Please permit me to offer a few observations on the recent Public Procurement Bill, which was one of a compendium of bills, introduced (now passed) in parliament to provide, in the words of the Prime Minister, for more transparency in the award of government contracts and make the government more accountable.
Use phones to stop abuse
Remarkable how modern technology (specifically cell phone cameras and recording devices) can be used to bring about the starkest changes in behaviour among some public officials in The Bahamas.
Teen charged with murder
AN 18-year-old man was yesterday charged with murder in connection with the shooting of another teenager who was found dead in a car last week.
