Ex-Minister: Set BPL renewable price now
A former Cabinet Minister has called for a set retail price at which Bahamas Power & Light (BPL) will compensate consumers under its small-scale renewable generation proposal.
NIB creates new fears of ‘fiscal crisis’
The National Insurance Board’s (NIB) unfunded liabilities “could trigger a fiscal crisis” beyond the-near $7 billion national debt within the next 12 years unless radical reforms are enacted, the Inter-American Development Bank (IDB) has warned.
Rate cut can’t be ‘knee jerk’ S&P reaction
The Chamber’s chairman warned yesterday that the Central Bank’s 50 basis point interest rate cut, designed to tackle anemic economic growth, “must not be seen as a knee jerk reaction” to the Bahamas’ new ‘junk’ status.
Governor: Rate cut ‘not influenced’ by S&P’s junk action
The Central Bank’s governor has refuted charges that yesterday’s 50 basis point interest rate cut was sparked by the Bahamas’ ‘junk’ downgrade, describing the timing as “coincidental” and “not influenced by S&P”.
Popeyes targets 60 jobs at third store
POPEYES Bahamas is eyeing the opening of a third restaurant on Robinson Road by the 2017 second quarter, an expansion that is expected to create 60 jobs.
Governor: S&P move no devaluation threat
The Central Bank’s governor yesterday reassured Bahamians that their dollar is at no risk of devaluation because of Standard & Poor’s (S&P) decision to downgrade this nation to ‘junk’ status.
IAN FERGUSON: Retaining the passion among your workers
Every employer wants to retain passionate, committed employees who demonstrate a high degree of loyalty to the company, its goals and objectives.
Bahamas poised for ‘banner year’ in sports tourism
The Bahamas is poised for a “banner year” in sports tourism in 2017, the Minister of Youth, Sports and Culture said yesterday, telling this newspaper: “We’ve never seen anything like this in our history.”
Labour director: Jobless data is ‘true reflection’
The Director of Labour yesterday defended the Department of Statistics’ recent Labour Force Survey as a “true reflection”of the economy’s employment conditions at the time it was conducted.
Realtors slam ‘foolish’ $1m residency reform
Top realtors yesterday warned the Government it would be “foolish” to double the permanent residency investment threshold to $1 million, estimating it could undermine up to 60 per cent of active real estate developments.
Govt spending rises 26% in six years, IDB warns
The Government’s total spending increased by 26 per cent over the six fiscal years to end-June 2016, the Inter-American Development Bank (IDB) warning that it is prioritising the wrong areas for sustainable, long-term growth.
Govt’s fixation on Baha Mar sending ‘dangerous message’
The Chamber’s chairman yesterday warned the Government it is sending a “dangerous message” by continuing to focus solely on Baha Mar, which was used as “the whipping stick” for the ‘junk’ downgrade.
‘False indicator’ worry on unemployment drop
The 1.1 percentage decline in the Bahamas’ official unemployment rate would not have occurred without the post-Hurricane Matthew rebuilding boom, officials conceded yesterday, as Opposition politicians queued up to slam a “false indicator”.
Bran: Too few understand ‘junk’ status fall-out
The Democratic National Alliance’s (DNA) leader yesterday lamented that too few Bahamians understand the ‘junk’ downgrade’s significance, and will only wake-up when Miami shopping trips are priced beyond their means.
Bran: Can we afford NHI after downgrade?
The Opposition’s newly-appointed Senate leader yesterday questioned whether the Bahamas can afford National Health Insurance (NHI) following its downgrade to ‘junk’ status, urging the Government to reveal its “end game plan” for the scheme.
