‘Cargo ship can fit into Budget holes’
The Opposition’s finance spokesman yesterday blasting the Christie administration for failing to curtail its spending, as Moody’s forecast that this nation’s 2016-2017 fiscal deficit would reach near $300 million - almost triple what the Government is projecting.
Moody’s raises deficit forecast to near-$300m
Moody’s is predicting that the Bahamas’ fiscal deficits over the next two years will be one percentage point of GDP higher than initially forecast, after Hurricane Matthew blew a hole in the Government’s consolidation plans.
Employer-employee consensus on reforms for ‘toothless poodle’
Bahamian employers and workers appear to be in rare consensus on the need to enhance the Industrial Tribunal, which one union leader recently described as “a toothless poodle”.
80% Baha Mar vendor payout by tomorrow
Baha Mar’s creditor payout committee believes it will “have dealt with” about 80 per cent of Bahamian vendor and contractor claims by tomorrow, as it explores ways to “speed up” the process.
DNA pledges end to contract workers in public service
The Democratic National Alliance’s (DNA) leader yesterday pledged to end what he called the “unconscionable” practice of having “unregularised” or contract employees engaged within the public sector for long periods of time.
Abaco Club opponents claiming ‘slight victory’
Opponents of the Abaco Club’s Little Harbour marina project yesterday claimed “a slight victory”, as the Supreme Court effectively imposed a 16-day block on the development being granted any permits or approvals.
NHI Secretariat defends public insurer bid process
The National Health Insurance (NHI) Secretariat last night defended the bidding process for the scheme’s public insurer, arguing that three months was sufficient time given that a “timely roll-out” was required in the New Year.
Bran blasts public pension disparity
The Democratic National Alliance’s (DNA) leader yesterday pledged to reform public pensions, and lashed out at the disparity between MPs’ retirement income and that of long-standing civil servants such as police officers.
Minister defends Govt on renewable energy
A Cabinet minister yesterday defended the Christie administration’s efforts to facilitate renewable energy in the Bahamas, following the Black Friday ‘We March’ protest.
NGO targeting Crown Land legal challenge
A newly-formed non-governmental organisation (NGO) is seeking to compile a database of shunned Crown Land applicants as the basis for yet another Judicial Review legal action against the Government, Tribune Business has been told.
Web shop: GBPA ‘cannot carve out’ Port zone powers
The Grand Bahama Port Authority (GBPA) “cannot carve out a special place in Freeport” where it has the authority to issue gaming licences, a web shop operator is arguing.
‘Political mismanagement’ undermining Bahamas economic sustainability
A governance reform advocate has urged politicians to produce “more action, less talk”, and warned that Government mismanagement is threatening “economic sustainability”.
‘Minimal’ local benefits from Abaco Club marina
Opponents of the Abaco Club’s proposed Little Harbour marina are alleging that the Government has “already gone down the wrong path” on a project whose economic benefits are tilted overwhelmingly in the developer’s favour.
Chamber chief denies ‘capitulating’ to Govt
The Chamber of Commerce’s chief executive has denied claims that it is “capitulating” to the Government, and that it is too close - and ‘in bed’ with - the Christie administration.
‘Cons outweighed pros’ on local NHI insurer bid
The Bahamas Insurance Association’s (BIA) chairman says the relatively low number of bids to manage the National Health Insurance (NHI) scheme’s public insurer shows “the cons outweighed the pros” for many of his members.
