Tag Archive | "bahamas news"

Peter-Turnquest

Gov’t Revenue Bust

The near collapse of the economies of Abaco and Grand Bahama caused by Hurricane Dorian will drastically reduce the government’s income for a few years.  According to Deputy Prime Minister and Minister of Finance Peter Turnquest, it is estimated that the country’s revenue will be hit with a $200 million shortfall because of the hurricane’s […]

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Central Bank Reveals Economic Growth to Continue

The tourism sector continues to drive the Bahamian economy, as seen in the Central Bank’s quarterly report that indicated a strengthening in the economy since 2018. In its latest quarterly economic and financial report, the Central Bank revealed that the growth is largely attributed to the tourism sector, reflected in growth in stopover visitors.  Central […]

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Fake News – PM Asked to Apologize

Prime Minister Dr. Hubert Minnis should fact-check himself first before advising the media about fake news, Progressive Liberal Party Leader Philip Davis said as he believes the prime minister owes the country an apology for making fake news and fake deals. “The prime minister should be very familiar with fake news. He ran a campaign […]

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PLPs Told to ‘Leap Forward’

Calling for Bahamians to “leap forward” with the Progressive Liberal Party, unopposed Deputy Leader Chester Cooper promised that the PLP will invest $250 million over five years to broaden access to capital for Bahamian small to medium size businesses. “We can leap forward and embark on a mission of economic empowerment of our people. Fostering […]

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OECD Praises Bahamas

Deputy Prime Minister and Minister of Finance Peter Turnquest delivered good news in the House of Assembly yesterday, regarding The Bahamas’ position with the Organization for Economic Co-operation and Development (OECD).  DPM Turnquest, while seconding amendments for a compendium of bills related to the financial services sector, said The Bahamas has passed the assessment of […]

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Bills Increase Financial Services Regulation

Legislators passed a compendium of bills related to the financial services sector, upping The Bahamas’ fight to better safeguard the sector. During a brief debate, in the House of Assembly yesterday, Minster of Financial Services, Trade and Industry Ellsworth Johnson said once passed and enacted, the bills will assist The Bahamas in complying with several […]

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Wells Defends Post Office Deal

WMinister of Transport and Local Government Renward Wells made a valiant attempt to defend the controversial General Post Office deal, which includes its relocation to the Town Centre Mall and a lease agreement with St. Anne’s Member of Parliament Brent Symonette. When pressed on the issue outside Cabinet yesterday morning, Wells gave a terse response […]

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DNA Demands Higher Physician Wages

Democratic National Alliance (DNA) Leader Arinthia Komolafe called on the government to improve the country’s healthcare system by providing one year contracts for junior doctors and a better paid workforce. Komolafe made this call during a press conference on Tuesday where she discussed the government’s lack of initiatives to resolve issues such as poor medical […]

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Renward Wells

Gov’t to Address Public Transportation Issues

The deadline for the government to address the issues concerning taxi and bus drivers was extended to August, according to Minister of Transport and Local Government Renward Wells. Yesterday, Wells said a cabinet subcommittee is also scheduled to meet this month to address the concerns of public service drivers, which range from a lifting the […]

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FNM Attacks PLP’s 10-Year Plan

The Free National Movement (FNM) attacked the Progressive Liberal Party’s (PLP) 10-year plan describing it as “incompetent”. In a statement issued on Tuesday, the FNM criticized the plan pointing out that it begins with massively increasing spending on party infrastructure, including new headquarters in every constituency. “It appears new leadership could be a very real […]

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