Gov’t invests $1.5m in housing infrastructure
A Cabinet minister yesterday said the Government is spending $1.5m on infrastructure for its low-cost housing subdivisions during the upcoming 2022-2023 fiscal year.
‘Take bull by the horns’: $100m for agriculture
The Government is being urged to “take the bull by the horns” and facilitate the $100m investment required to revive a Bahamian agricultural sector that is “40 years behind” where this country requires it to be.
Airlines battle competing forces on price increases
Bahamian airlines have had to increase ticket prices by between 5-5.5 percent to offset soaring fuel costs as they battle to survive continuing COVID-19 and inflation-related challenges.
Grand Bahama to be ‘grand again’
A Freeport realtor yesterday affirmed transactions “are way up” due to revived buyer interest stemming from recent multi-million dollar investment project announcements, adding: “Grand Bahama is going to be grand again.”
COVID entry testing to end ‘even if not correct’
COVID “fatigue” and economic pressures will likely see The Bahamas follow the US lead and eliminate entry testing “even if it is not the right thing to do”, a prominent doctor conceded yesterday.
Former cruise destination chief loses $335k claim
An ex-Atlantis executive has lost his $335,000 constructive dismissal claim against a cruise tourism destination because its failure to pay his due salary was not the primary reason he resigned.
Gov’t to double uniform support
A Cabinet minister yesterday said school uniform assistance provided to vulnerable Bahamian families will increase by 100 percent in the upcoming 2022-2023 Budget year.
Agriculture’s $3M Israeli move targets poultry output doubling
A Cabinet minister yesterday hailed a $3m partnership with an Israeli company as a “red letter day” in The Bahamas drive for greater food security following the COVID-19 pandemic.
Ex-finance minister: No fear on $2.3bn roll over
A former minister of state for finance yesterday said he expects the near-$2.3bn in Bahamian dollar debt, which is due for repayment over the next 18 months, to be rolled over without any alarm.
Doctors: $50m COVID test boost set for ease
Doctors Hospital yesterday confirmed it will adjust its COVID testing workforce to “match” the anticipated demand fall-off after generating “north of $50m” in revenues from 1.3m such screenings over the past two years.
COVID entry testing end ‘back on table’
A Cabinet minister yesterday said eliminating The Bahamas’ COVID entry testing requirements will “come back on the table” for discussion this week in the wake of the US decision to eliminate such a mandate.
Subsidies jump despite $31.5m Bahamasair fall
Subsidies to loss-making state-owned enterprises (SOEs) increased by more than $25m during the nine months to end-March 2022 despite an even greater drop in taxpayer support for Bahamasair.
Over 35% of Gov’t local debt comes due in year
More than one-third of the Government’s domestic debt holdings, equivalent to around $2.3bn, is due to mature within the next year as it moves to eliminate “spikes” in principal redemption that place undue strain on its finances.
Taxi drivers to push for 25% fare raise
The Bahamas Taxi Cab Union’s (BTCU) president says it is seeking a 25 percent fare hike to ease the burden of higher gas prices and soaring inflation.
Choppy waters
ActivTrades
Downtown Nassau and its cruise port have seen some signs of life during recent months. The berths are full, and the tourists were roaming the streets and supporting the local economy once more.
