Opposition deputy slams 'starving' of capital works
The Opposition's finance spokesman yesterday slammed the Government for racing "to impose additional taxes and further starve capital works that could spur the economy".
$1.5bn debt repayment in a year? 'No problem'
The Ministry of Finance's top official yesterday said he "foresees no challenge" over the Government meeting almost $1.5bn in debt principal repayments coming due within the next 12 months.
Developer's offering to 'regain momentum'
A Bahamian resort community yesterday said it would use the proceeds of a newly-launched preference share offering to "regain momentum" lost to the COVID-19 pandemic.
Web patrons, utility customers warned to brace for pain
Web shop patrons and Bahamasair passengers will be the first feel to feel the pain of tax and fee increases sparked by COVID-19's economic devastation, a Cabinet minister revealed yesterday.
Gov't targeting $200m spending cuts by June
Some $75.8m in unplanned COVID-19 assistance and previous lockdowns have forced the Government to target $200m in extra spending cuts over the next six months, it was revealed yesterday.
Baha Mar re-opening a 'monumental occasion'
Baha Mar's top executive has hailed today's re-opening of the mega resort as a "monumental occasion" following the "hardship and uncertainty" caused by the COVID-19 pandemic.
Digital provider sorry for travel visa delays
The Bahamian digital provider handling COVID-19 health travel visa payments yesterday apologised for processing delays caused by "technical difficulties" with its main database server.
Website relaunch to boost tourism
The Ministry of Tourism & Aviation has relaunched its Bahamas.com website in a bid to improve the ease with which tourists can plan and book their vacation in a COVID-19 environment.
PwC opens digital wallets for all staff
PricewaterhouseCoopers (PwC) Bahamas has facilitated the opening of digital wallet accounts for all of its employees as part of its digital transformation drive.
Gov't hopes for 40% BOB liabilities slash
The Bank of The Bahamas (BOB) bail-out vehicle believes it can slash the taxpayer's potential liability by "at least 40 percent" through recovering a portion of the toxic loans transferred to it.
Gov't targets $125m via Aliv, solar SPV offerings
The Government is aiming to raise $125m over a two-year period by selling its ownership in the Aliv mobile provider and a solar energy financing vehicle to Bahamian investors.
No protest 'ducking' by oil drill ship
Environmental activists yesterday said they were "extremely concerned" that time is rapidly running out to halt Bahamas Petroleum Company (BPC) after its drilling ship "ducked" their welcome.
Briland developer slams 'laughable' cruise ship claim
A Harbour Island development and its opponents yesterday renewed battle over allegations the project will impose further strain on the destination's already overloaded water and electricity infrastructure.
Taxpayers 'sacrifice' to pay Water Corp wages
A Cabinet minister last night reminded the Water & Sewerage Corporation's two unions the utility "loses money every day" after they moved to cut-off all contact with its chairman and general manager.
BNT 'definitely not swayed' by developer's $1m pledge
The Bahamas National Trust's (BNT) Executive Director last night said its rejection of the proposed $580m south Abaco project shows "we are definitely not swayed" by a developer's donation pledges.
