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Central Bank raises growth forecast to 'flat'

The Bahamas’ 2020 economic growth prospects have improved to “flat”, it was revealed yesterday, with the Central Bank less certain that this nation will suffer a minor contraction. John Rolle, its governor, said it “doesn’t want to be wedded to a nu

$2m lighthouse project aiming to 'energise' PI

A Bahamian entrepreneur yesterday voiced optimism that his planned $2m transformation of Paradise Island’s western tip will “energise the restoration of other historical sites” throughout this nation.Toby Smith, principal of Paradise Island Lighthous

Renewable provider in energy efficiency drive

A Bahamian renewable provider is providing energy savings upgrades to both local resorts and government health clinics, while aiding efforts to make the country more resilient post-Dorian.Greg Uptagrafft, PowerPlus Bahamas’ principal, said: “Because

INSIGHT: Setting sail to raise the alarm on climate change

Bahamian biologist O’neil Leadon is set to sail across the Atlantic and embark on a tour through Europe to participate in the United Nations Climate Change Conference (SB52).

PM seeking ‘clean slate’ for offenders: Minnis wants minor criminals released to fresh start in life

PRIME Minister Dr Hubert Minnis wants a “complete overhaul of the rehabilitation process” for prisoners, declaring yesterday too many people have been deprived of their freedom and future.

Mingoes hold off fightback

The University of the Bahamas Mingoes led the Leno Regulators by as much as 28 points, but in the fourth quarter of their New Providence Basketball Association’s division one match-up on Friday night, UB almost let the Regulators back in the game.

Small Homes Repairs Programme launches on February 10

THE government will launch its Small Homes Repairs Programme on February 10 – in the aftermath of Hurricane Dorian – and eligible residents will be able to apply, said the managing director of the Bahamas Disaster Reconstruction Authority.

$130m VAT increase allays fears over hike

The $130m year-over-year increase in first half VAT revenues proves that the 12 percent rate hike has “not dampened” consumer spending, a top Ministry of Finance official argued yesterday. Marlon Johnson, the Ministry of Finance’s acting financial s

No one hurt as 'tornado' destroys mobile home

A GOVERNMENT vehicle used to house its employees on Abaco was destroyed after bad weather hit the area yesterday morning, officials have confirmed. “The trailer was on the Ministry of Public Works’ compound. There was no one occupying the trailer an

EDITORIAL: Extra borrowing a drop in the rising ocean

THE announcement of extra borrowing by the government – to the tune of $587.9m – will, no doubt, bring a sharp intake of breath from many.

Sands signs deal with US foundation to aid Dorian recovery efforts

HEALTH Minister Dr Duane Sands yesterday announced his ministry has signed a Memorandum of Understanding (MoU) with the Americares Foundation to aid Hurricane Dorian recovery efforts.

'Uncharted territory' on $508m deficit blow-out

The Bahamas is in “almost uncharted territory” over its unplanned $508m post-Dorian borrowing, a Fiscal Responsibility Council member said yesterday, while warning: “Rome wasn’t built in a day.” Gowon Bowe, who represents the Bahamas Institute of Ch

Govt seeks extra $120m for non-Dorian spending

The government plans to borrow almost $120m to cover unbudgeted non-Dorian spending deemed “imperative for orderly, stable, sustainable and resilient governance”, it was revealed yesterday. K P Turnquest, pictured , deputy prime minister, detailed s

$200m tax breaks drive revenue fall

A “sizeable proportion” of the $232.55m in foregone Dorian revenues relates to recovery zone tax breaks, the Ministry of Finance’s top official confirmed yesterday, Marlon Johnson, the acting financial secretary, said the government had taken “a ver

Dorian bill leaves no option to borrowing

FINANCE Minister K Peter Turnquest defended government’s intention to borrow $637.9m post Hurricane Dorian, insisting the Minnis administration had the “appropriate response” to rebuilding the affected islands and revitalising the economy.

Abaco marketing campaign to get extra support

MINISTER of Tourism and Aviation Dionsio D’Aguilar said yesterday officials will be revisiting their marketing campaign to include new updates about ongoing developments in Abaco following Dorian to help facilitate more visitors to the island. This

Auto ‘shot in arm’ via 31% sales rise

Auto dealers received a “badly needed shot in the arm” from 2019’s 31.18 percent sales increase, it was revealed yesterday, marking the industry’s best performance since VAT’s arrival.

'Unify' Abaco's power grid to eliminate four voltages

The Inter-American Development Bank (IDB) has warned many Abaco residents will be without power “for a year or longer”, as it called for a “unified” grid to eliminate the four voltages used pre-Dorian.The multilateral lender, in documents accompanyin

Abaco's sorry trailer

The most recent back and forth about the unfortunate, insensitive and cold state that the people of Abaco find themselves, are through no fault of their own.

Minister 'apologises' for Abaco omission

The tourism minister yesterday apologised for his ministry’s decision to remove the Abacos from its marketing platforms, and vowed to switch to more “specific” messaging about the islands. Dionisio D’Aguilar, minister of tourism and aviation, conced

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