Sir Franklyn argues ‘deficit never $500m’
Moody’s has proven that the Government’s 2016-2017 deficit was “never $500 million”, a well-known businessman yesterday arguing: “Let’s not keep beating that narrative.”
Chamber chief: Govt 10% spending slash ‘may harm economy’
The Chamber of Commerce’s chairman yesterday warned the Bahamas faces “a credibility test”, and expressed fears the Government’s 10 per cent spending cut goal could “harm the economy”.
Govt’s 12 months to gain $100m savings
The Bahamas has 12-18 months to achieve the Government’s targeted $100 million austerity savings and other goals key to “turning around” Moody’s negative outlook on this nation.
Jet boat provider teams with eatery
A jet boat excursion provider has teamed up with Jimmy Buffet’s Margaritaville to offer a combination half-day tour and restaurant experience for customers.The tour, dubbed the JetBoat Escape to Margaritaville, begins with a 45-minute to one-hour boa
Bahamas 'closer than ever' on plane registry
The Bahamas now only needs to sign a global treaty to unlock the “immeasurable long-term economic benefits” of an international aircraft registry, an aviation attorney believes.“The Bahamas is closer than ever to the establishment of the long sought-
Bahamas avoids Moody's downgrade
THE Bahamas has avoided a potentially damaging and costly credit downgrade, with Moody's revealing Friday that it has confirmed the country's Baa3 rating following its recent review.
Ministry of Finance statement on Moody's confirmation of Baa3 credit rating
Today, Moody’s Investor Services confirmed The Bahamas’ Baa3 credit rating—after initiating a review for downgrade on 6 July, 2017. Moody’s also left unchanged most of the risk ceilings for The Bahamas’ long-term and short-term financial obligations.
Grand Lucayan ‘knee jerk’ kills $350m plan
The Government was yesterday warned that any “knee jerk” Grand Lucayan solution could “kill” a $350 million proposal designed to transform Freeport into an Atlantis-style tourism destination.
Ex-minister says Grand Bahama ‘needs help’
A former minister of tourism yesterday backed the Government’s proposed Grand Lucayan takeover as a ‘last resort’ option, saying simply: “Grand Bahama needs help.”
Three-way battle heats up at West Bay resort
A Nassau resort owner yesterday pledged to defend its $25 million investment to “the nth degree”, as a three-way battle with its operator and former lender heated up.
‘National disaster’ if no Grand Lucayan compulsory purchase
The Government was yesterday warned that it “will have a national disaster on their hands” unless it immediately acts to take over the Grand Lucayan resort via compulsory acquisition.
URCA targets ‘world class service’ for BPL
Initiatives such as Bahamas Power & Light’s (BPL) proposed consumer protection plan are designed to drive it to “world class service levels”, regulators have revealed.
IAN FERGUSON: Creating a learning workplace culture
Learning is a life-long journey that requires persons to remain engaged. Employers are finding many ways to ensure employees acquire the skills needed to efficiently complete all the tasks and assignments entrusted to them. Mentorship programmes, bo
Legal battle erupts at West Bay resort
A furious legal battle has erupted at a major Nassau hotel, with the operator suing its owner to recover $556,000 in unpaid fees amid allegations of numerous contractual breaches.
GB Power digs in on URCA dispute
Grand Bahama Power Company has “not changed its position one iota”, despite URCA executives yesterday expressing hope it will negotiate a settlement to their regulatory dispute.
