Tag Archive | "Bahamas Government"

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LEADERS ROW OVER POLICE OFFICERS’ POLITICS

The leaders of the two major political  parties locked  horns in the House of Assembly yesterday over the structure of the Royal Bahamas Police Force (RBPF) and  allegations of its politicization.  The issue was brought to the forefront during Opposition leader Philp Davis’ contribution to debate on a proposed amendment to the Police Staff Association […]

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PHA AWARDS CONTRACTS FOR WORKS AT PMH & SRC

Contracts for significant capital works at the Princess Margaret Hospital (PMH) and the Sandilands Rehabilitation Centre (SRC) were signed yesterday at the Public Hospital Authority’s Corporate Offices.   Signing on behalf of the Public Hospitals Authority (PHA) were Julian Rolle, Chairman of the PHA Board of Directors and Catherine E. Weech, Managing Director.   The […]

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Peter Turnquest

DPM: “ECONOMY ON A PATH OF SUSTAINED GROWTH”

Reacting to  the report by the Department of Statistics that the Bahamian economy grew by 1.6 percent in 2018,  the Deputy Prime Minister and Minister of Finance  K. Peter Turnquest says,“this is the first time the country has had decent economic growth in over five years. When we look at where we are now compared to where we […]

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17 GROUPS CONTRIBUTED TO GDP GROWTH

Last fiscal year, the International Monetary Fund projected for the Bahamas  a2.25 per cent increase in real GDP growth 2019 compared to its previous projection of 2.5 percent for 2018.  These new figures  represent an increase of 2.3 per cent in nominal growth and real growth of 1.6 per cent.  National Accounts Director in the Department of […]

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COOPER: “MINISTER’S SPIN DIZZYING”

Shadow Minister of Finance, Chester Cooper yesterday  described the spin by the Minister of Finance on the growth of the Gross Domestic Product (GDP)   as “dizzying”. He  referred to what he called   the Government’s softer than expected GDP growth.  The Deputy Leader of the Opposition said, “It is interesting that this Administration repeatedly touted it projection of over 2 percent […]

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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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Ministry Pushes Stay In School Campaign

The Ministry of Education pushing its campaign to encourage students to stay in school in an effort to deter children from falling prey to violence and affiliating themselves with gangs. At a special assembly recently at Uriah McPhee Primary School, Chief School Attendance Office, Anzlo Strachan said that through bringing the message to the primary […]

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PM Concerned Over Nation’s Health

Prime Minister Dr. Hubert Minnis raised concerns over the state of the country’s health over the weekend, namely diseases such as diabetes and hypertension. His comments came during his address to the Former Hospitality Professionals Third Annual Awards Ceremony that was held at the Melia Cable Beach Resort Saturday evening. “As a medical doctor and as […]

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Building Codes To be Updated

Minister of Works Desmond Bannister made it clear in the House of Assembly yesterday that stronger building codes must be implemented in order to ensure the safety of residents. Bannister said that The Bahamas’ building codes are going to be amended as mandated by the prime minister in the wake of mass devastation from recent […]

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NEW OPPORTUNITIES IN BANKING, SAYS FORMER AG

Former Attorney General, Allyson Maynard-Gibson says there are tremendous opportunities in the financial services industry. She says, “whenever there is a crisis and we are in a state of crisis at the moment, but not just we, the world is in a state of crisis, a tremendous change and with that comes tremendous opportunities .” […]

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