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Gov’t Seeks to Borrow $33M

The government is set to receive a $33 million loan from the Inter-American Development Bank (IDB) to begin a public financial management and monitoring programme which will assist with better tracking expenditure. State Minister of Finance Michael Halkitis pointed out that the loan has four components. Beginning with performance monitoring, he listed the mechanisms of […]

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Unemployment In Construction Up 30%

Over the last few years, the local construction industry has seen an employment nosedive of over 30 per cent, according to former President of the Bahamas Contractors Association (BCA) Stephen Wrinkle. “The construction industry is in a depressed state,” Mr. Wrinkle said in an interview with Journal Business recently. “The numbers are down a lot […]

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Stuart Not Running For FNM Leader

Despite reports in another local daily, Free National Movement (FNM) Candidate for Bamboo Town Cassius Stuart denied the notion that he will be offering himself for the party’s leadership position at its upcoming convention. When the FNM hosts its one day national convention on May 26th, up for grabs will be the party’s leadership position, […]

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PLP Denies Bribery Accusations

The Progressive Liberal Party (PLP) has categorically denied accusations circulated by former Prime Minister and Free National Movement (FNM) Leader Hubert Ingraham that it used bribery to secure votes in the General Election. Mr. Ingraham’s comments were made on the heels of the PLP’s landslide victory at the 2012 election polls. While appearing on the […]

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No ‘New’ Budget, Says Smith

There will be no ‘new’ budget – in the literal sense – for the new fiscal year, according to one of the government’s consultants in the Ministry of Finance. A new budget must be brought to Parliament by the end of May and passed before the end of the fiscal year on June 30. James […]

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New Christie Administration Complete

As promised, Prime Minister Perry Christie announced the second and final set of cabinet ministers who will make up his new administration, all of whom took the oath of office at Government House Friday afternoon. The newly formed government will convene its first full cabinet meeting on Tuesday. It is a near carbon copy of […]

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John Bull Robbery Trial Delayed

The trial involving three men accused of robbing a popular Bay Street store was delayed last week after lawyers had to deal with several legal issues before having a jury begin to hear evidence. Justice Indra Charles empanelled a jury on Tuesday in reference to the John Bull robbery but sent them away as several […]

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FNM Slams Christie’s “Bloated” Cabinet

Not only did Prime Minister Perry Christie take four full days to appoint his “bloated” cabinet, he also filled it with many old faces, according to the Free National Movement (FNM). The party, which was recently booted from office, said Prime Minister Christie appointed a cabinet of 21 ministers and three parliamentary secretaries at a […]

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