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.
Loretta demands more frequent jobless read-outs
The Opposition’s House of Assembly leader yesterday called for Labour Force Surveys to be done monthly as opposed to a bi-annual basis, in order to have consistent data on unemployment “ebbs and flows”.
Cruise line ‘committed’ to resolution with Govt
Grand Celebration representatives yesterday reiterated that they were “committed to working things out” with the Government, declining to confirm whether any progress had been made in their talks.
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Commonwealth in 7.6% profit growth
Commonwealth Bank yesterday attributed its 7.6 per cent profit increase for the 2016 third quarter to a combination of improved interest margins, expense controls and relatively low non-performing loan ratio.
Bahamas receives ‘junk’ Xmas present from S&P
Standard & Poor’s (S&P) yesterday gave the Bahamas a ‘junk’ creditworthiness downgrade for Christmas, raising alarm that this nation’s economic and fiscal woes are taking it “over the precipice”.
Loretta: S&P move shows Govt breach of ‘fiduciary duty’
The Bahamas’ downgrade to ‘junk’ status “seriously calls into question” whether the Government has breached its fiduciary duty to the public, the Opposition’s House of Assembly leader charged yesterday.
Govt slams S&P for ignoring $1bn Baha Mar impact
The Government last night slammed Standard & Poor’s (S&P) decision to cut the Bahamas’ creditworthiness to ‘junk’ status, arguing that it had failed to “fully consider” growth-enhancing initiatives such as $1 billion in upcoming capital investments at Baha Mar.
Business confidence ‘appalling’, says ex-Tax Coalition chief
The Coalition for Responsible Taxation’s (CRT) first chairman yesterday said the Bahamas’ downgrade to ‘junk’ status was likely to suck funding away from essential public services, and described business confidence as “appalling”.
Chamber chief urges: ‘Stop finger pointing’
The Chamber’s chief executive yesterday urged Bahamians to “stop finger pointing” and instead develop “workable solutions” to this nation’s economic and fiscal woes, in the wake of Standard & Poor’s (S&P) ‘junk’ downgrade.
Union focused on law changes, not Labour Minister
A top hotel union executive said it did not want to get into a “back and forth” with the Minister of Labour over his claims that it bore responsibility for the One & Ocean Club lay-offs, stressing that it was instead focused on pushing for Industrial Relations Act amendments.
Govt told: Prioritise energy efficiency in all public properties
A former Cabinet Minister yesterday said that while he backs the move to take government buildings off the energy grid, making these properties more energy efficient should be “priority number one”.
Chinese fraud suit alleges Bahamas bank ‘conflicted’
A Bahamian bank has now become embroiled as a “third-party defendant” in a lawsuit that alleges it may have had a ‘conflict of interest’ in its dealings over a purported Chinese real estate investment fraud.
Fiscal woe ‘daunting task’ for next Govt
The Democratic National Alliance’s (DNA) leader yesterday warned that the next government faces “a daunting task” to arrest the Bahamas’ fiscal decline, suggesting it start with reforming the Finance Ministry and associated agencies.
Sir Franklyn ‘shock’ at gas pump rip-off claim
Sir Franklyn Wilson yesterday said he was “shocked” and “amazed” by assertions from a Government regulator that consumers are being short-changed at 50 per cent of the Bahamas’ gasoline pumps.
