Domestic Gov’t bond just 25% subscribed
Concerns were raised last night over investor appetite for the Government’s debt after just 25 percent of a recent $47.326m bond issue was picked up by the market.
Minister concedes $1.3bn revenue jump ‘optimistic’
A Cabinet minister yesterday conceded that the Government’s target of increasing annual revenues by $1.3bn in four years is “optimistic”, but argued: “We believe we’ll make it.”
Gov’t spends almost $400m on COVID aid
The Government spent nearly $400m supporting Bahamian households and businesses during the first 21 months of the COVID-19 pandemic, it was revealed yesterday.
Deficit fall to smash target
The Government is poised to beat its full-year $858.6m deficit target by a wide margin after incurring just 28 percent of that sum during the 2021-2022 first half, it was revealed yesterday.
Financial services can give itself ‘pat on back’
FINANCIAL institutions should give themselves “a pat on the back” for slashing the time taken to “cure” regulatory deficiencies to just 11 months, the Central Bank’s top inspector said yesterday.
‘Glaring deficiencies’: Top architect loses permit fight
A top architect yesterday pledged to fight on after losing a legal challenge to the Government’s decision to halt a building permit application due to “glaring deficiencies and inconsistencies”.
Don’t get ‘shortchanged’ over carbon credits plan
Environmental activists yesterday warned The Bahamas must guard against the prospect of being “short changed” over the sums it could potentially earn from trading carbon credits.
Chamber chief: ‘Don’t get sidetracked’ over investor confidence
The Grand Bahama Chamber of Commerce’s president yesterday urged the Government “not to get sidetracked” by the furore over the Prime Minister suggesting investor confidence is “waning”.
Bahamas close to 1m stopover visitor target
The Bahamas was close to hitting the one million stopover target for 2021 set by his ministerial predecessor, the deputy prime minister told the House of Assembly yesterday.
Realtor concerns over Grand Lucayan’s sale
The Bahamas Real Estate Association’s (BREA) president yesterday said it was “very sad and disheartening” that the Government had seemingly “sidelined” the sector on the Grand Lucayan sale.
Revenue’s $1.3bn increase ‘will not be easy to achieve’
A Bahamas-based risk management consultant is “cautiously optimistic” the Government will achieve its $1.3bn revenue increase, but conceded: “It’s not going to be easy to reach.”
Small contractors sceptical on Gov’t housing promises
Several small Bahamian contractors have voiced scepticism over being able to win government housing contracts despite the Davis administration’s pledge to give them access.
PM pledges ‘new era of prosperity’
The Prime Minister has vowed to create a “new era of possibility and prosperity” while pledging not to return to how business was conducted before Hurricane Dorian and COVID-19.
‘Closing the shortfall’: Port off 3% versus pre-COVID
Nassau’s main commercial port has “closed significantly on making up the shortfall” with container volumes just 3 percent off pre-COVID volumes for the 2021 second half.
Abaconians need ownership in $60m Marsh Harbour port
The Abaco Chamber of Commerce’s president yesterday said island residents must gain equity ownership in the $60m public-private partnership (PPP) to redevelop Marsh Harbour’s port.
