Aliv’s bond offering ‘100% oversubscribed’
The Bahamas’ new mobile operator yesterday said it had received “a resounding vote of confidence” from local investors, after its $30 million bond offering was “100 per cent oversubscribed”.
PM’s Office sees budget quadruple
The Government has quadrupled the 2016-2017 Budget for the Prime Minister’s Office to $79.947 million, an increase that was yesterday branded “absolutely crazy” by its political opponents.
Bahamas needs $160m primary balance swing
The Bahamas needs a $160 million “adjustment” to its primary fiscal balance if this nation’s debt-to-GDP ratio is to achieve long-term sustainability, the Inter-American Development Bank (IDB) has warned.
Road Traffic pledges to ‘burn midnight oil’ over vehicle backlog
The Road Traffic Department’s top executive yesterday pledged it will “burn the midnight oil” to alleviate a massive licensing backlog caused by March being commercial vehicle month.
Bahamas ranked low on financial stability reporting’s quality
The Central Bank has been criticised by an International Monetary Fund (IMF) paper over the quality of its Financial Stability Report, which was ranked fourth-bottom out of 20 Latin American and Caribbean nations.
IAN FERGUSON: Let workers know you value them
Despite all the books, articles and scholarly works on leadership, the basic principles are sometimes missed by those holding senior roles in business. World-class leadership calls for many defining qualities, and while some possess many of the characteristics, others are challenged to demonstrate ‘the principal thing’. That is, impactful leaders value and esteem others. It is that simple.
Carnival suffers 50% Gov’t subsidy slash
Bahamas Junkanoo Carnival yesterday confirmed that its government subsidy has been cut by 50 per cent compared to 2016, with organisers reaffirming that they are “moving speedily” towards privatisation of an event now in its third year.
$350m deficit: ‘Genie can’t go back in bottle’
The Government’s increased $350 million deficit forecast for the 2016-2017 Budget year was yesterday challenged by its opponents, who argued: “It’s impossible to put the genie back in the bottle.”
Gov’t increases its spending by $285m
The Government was yesterday accused of “spending on testosterone” after it increased 2016-2017 recurrent expenditure estimates by $232.708 million in the mid-year Budget.
Unions: We’ll stop employers ‘ripping out workers’ guts’
Trade unions yesterday promised they would “continue to agitate” for an increase in the 12-year redundancy ‘cap’, arguing that only they stood between employers “ripping the guts out of working people”.
PM: 40% of VAT money to deficit
Prime Minister Perry Christie yesterday said 40 per cent of the $1.14 billion Value-Added Tax (VAT) revenues has gone towards reducing the deficit, as he gave an accounting designed to end the “grave and nonsensical misconceptions that revenues were being squandered”.
Bahamian firms ‘50% lower’ than rivals for jobs and productivity
Bahamian companies are “performing at 50 per cent or below productivity, growth and employment levels” when compared to firms in similar small economies, an Inter-American Development Bank (IDB) report has found.
Farmers seeking $60m Govt recovery funding
New Providence farmers are seeking a $60 million government subsidy to help their operations recover from “the heart-wrenching double whammy” of Hurricane Matthew and contaminated feed.
Landfill RFP ‘took the wind out of us’
The Bahamian group bidding to take over the New Providence landfill’s management yesterday said it had “the wind taken out of us” by the Government’s decision to put the contract out to public tender.
‘Totally depressed’ over farming thefts
New Providence farmers were yesterday said to be “totally depressed” by the rampant theft of livestock and goods from their properties, which has increased in frequency since Hurricane Matthew.
