‘No cause for panic’ over 27% points off-peak credit
Bahamian bankers yesterday asserted that the 27 percentage point decline in private sector credit, as a proportion of national GDP, over the past 15 years is “no cause for panic” or “solely a sign of weakness” but demands a renewed focus on economic fundamentals.
Minnis: I’d never agree to China hospital loan terms
Dr Hubert Minnis is asserting he would never have agreed to any government borrowing being governed by a foreign lender’s own laws as the Davis administration has over the second New Providence hospital’s $195m financing.
‘Stop governing in dark’ on PPPs, MP demands
The Opposition’s finance spokesman yesterday renewed demands for the Government to “stop governing in the dark” while arguing that the International Monetary Fund (IMF) had further backed concerns over public-private partnership (PPP) agreements.
Pricing comparison app to aid cost of living fight
A government policy advisor yesterday branded The Bahamas as one of the world’s ten most expensive countries to live in as it unveiled an app to enable consumers to compare prices at different merchants.
Fight against corruption is deeper than Bahamas’ transparency score
As The Bahamas awaits today’s release of the 2026 Transparency International Corruption Perceptions Index, there is a familiar sense of anticipation
Bridal chief: Bahamas in top 10 romance locations
The Bahamas Bridal Association’s (BBA) president yesterday said the jurisdiction remains among the world’s top ten destinations for celebrating romantic milestones with Valentine’s Day just hours away.
IMF: Make all 23,000 civil servants pay for retirement
The International Monetary Fund (IMF) is urging the Government to mandate that all 23,000-plus civil servants contribute to funding their own retirement so as to protect taxpayers from further growth in the $2bn-plus “unfunded” public service pension liabilities.
US Ambassador: Drop China deal
THE US ambassador to The Bahamas yesterday argued that the terms of the $195m Chinese financing for New Providence’s second hospital are not “in the best interests” of this nation and pledged that the Trump administration will “help secure a better deal”.
Lucayan staff five weeks’ unpaid for a second time
Grand Lucayan staff have gone five weeks without pay for a second time, it has been confirmed, with the resort now owing a total $17m to its Bahamian and international suppliers and other creditors.
Medical practice halting NHI laboratory services
A prominent medical practice yesterday confirmed that it will halt the provision of laboratory services to National Health Insurance (NHI) patients with effect from February 15 but denied this was due to non or late payment by the Government-run scheme.
Corporate income tax must be made simple
Bahamian companies yesterday said they are open to replacing the existing Business Licence fee regime with a corporate income tax provided the latter is properly implemented.
Cyber threat alert for Bahamas energy grid
FOCOL Holdings’ top executive last night warned of the cyber threats facing The Bahamas’ energy grid and electricity infrastructure as they become increasingly digitised.
BTC parent’s chief says: Turn connectivity into our prosperity
The head of the Bahamas Telecommunications Company’s (BTC) immediate parent company has called for regional leaders to team with regulators and the private sector to convert improved connectivity into tangible, measurable prosperity for the Caribbean.
Generation reforms to save Nassau $120m in fuel costs
FOCOL Holdings’ top executive last night said its overhaul of New Providence’s baseload electricity generation could save consumers up to $120m annually in reduced fuel costs alone.
Gov’t plans to accelerate Grand Lucayan permits
The Grand Lucayan’s prospective purchaser was yesterday said to be “finalising” its development plans and brand/operating partners with the processes for obtaining the necessary permits to launch its $827m development set to begin imminently.
