Archive | November, 2017

“Crime Trending Down,” Says Dean

Gangs violence is an everyday reality that the Royal Bahamas Police Force (RBPF) is contending with. However, with a new perspective in combating crime and criminal elements, Senior Assistant Commissioner of Police (ACP) Stephen Dean said that there are some initiatives the force is taking in the fight against crime. Speaking at a Rotary Club […]

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BOB IS DOWNSIZING

The Bank of the Bahamas has  confirmed that it began downsizing The statement yesterday   the bank said it  is doing what it calls  ‘right sizing’ in an effort to get the bank back on a path of sustainable profitability to enhance their shareholders’ and stakeholders’ value. Bank officials have confirmed that less than 30 […]

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PLP Chairman Says Gov’t Not Concerned About Bahamians

Progressive Liberal Party (PLP) National Chairman, Fred Mitchell, expressing his concern over recent layoffs or downsizing at the Bank of The Bahamas (BOB),  said  that the Free National Movement (FNM) administration is more concerned about statistics and figures and less about the Bahamian people. “It is always dreadful when men and women lose their jobs. […]

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Bank of the Bahamas downsizing

Bank of the Bahamas is undergoing  a downsizing exercise at two of their branches. It is reported that 15 or more persons were let go from the Village Road branch on Tuesday  and another large number of persons from the Harold Road branch on Wednesday. Minister of Finance Peter Turnquest said he knew nothing of […]

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Police Wear Body Cameras

In an effort to reduce the level of crime in The Bahamas, the Royal Bahamas Police Force has introduced Point Blank body cameras that will not only help in the fight, but will also make police officers accountable. During a demonstration of police officers in action outfitted with the bodycams, Commissioner of Police, Anthony Ferguson […]

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American Visitor Arrested For Marijuana

Police have  arrested a female American visitor for possession of a quantity of marijuana while at the international section of the Lynden Pindling International Airport (LPIA). According to police reports, shortly after 6pm on Tuesday, officers from the Airport Division, acting on information conducted a search of the American female and found a quantity of […]

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Gov’t Pursues Process to Fuel Economy

In a bid to counteract the effects of the current economic crisis and to stimulate economic recovery in The Bahamas, the government is ‘aggressively’ pursuing ways to boost the economy. This, according to the Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette is an objective that is of top priority […]

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COOPER QUESTIONS LOGIC OF LOANS

The Member of Parliament for Exuma and Ragged Island, I.Chester Cooper says the opposition questions the logic of the government borrowing U.S. dollars to pay off Bahamian dollar loans “at a time of excess liquidity in the system.” He noted that $300 million is being used to pay –off domestic treasury bills and bank advances. […]

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Finance Minister Explains Loans

The Minister of Finance, K. Peter Turnquest, went to great lengths yesterday to explain the reason and rationale behind the latest borrowings of the government. The Minister was able to restructure  loans and get the interest rate reduced from six and a quarter to six per cent. Addressing members of the House of Assembly, Mr. […]

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Post Office Demo Hits Bay Street

Still taking a stand against adverse working conditions, the staff of the post office took their protest from their doorstep at the general post office to Bay Street. Armed with a plaqucards and pictures of mold and rats, workers from all of the post office branches gathered just two feet away from the House of  […]

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