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FNM questions Gov't priorities on bank infusion

THE Free National Movement’s (FNM) chairman yesterday called into question the Government’s financial priorities in light of its $31.5 million capital injection into Bank of the Bahamas International (BOB), telling Tribune Business: “There appears to be a bigger story than meets the eye”.

Rollins to lose gambling role?

PLP MP Dr Andre Rollins could be transferred to head the Water and Sewerage Corporation following his public comments criticising the proposed Gaming Bill, according to reports.

Davis closes in on end to Baha Mar negotiations

NEGOTIATIONS with Baha Mar over costing for the reconfiguration of West Bay Street could be finalised by the end of the month, Deputy Prime Minister, Philip Davis, said yesterday.

'Official opposition is non-existent'

BRANVILLE McCartney, Democratic National Alliance leader, has branded the official opposition as virtually nonexistent following recent public disagreements among party executives.

Can govt be trusted over BEC deal?

WITH details of the Bahamas Electricity Corporation’s restructuring shrouded in secrecy, Bahamians should not trust the government to finalise a “good deal”, the Democratic National Alliance leader said yesterday.

Cash: Raise minimum wage before MP pay

THE government should first raise the minimum wage to help cash-strapped Bahamians before considering any salary increases for members of Parliament, Free National Movement Chairman Darron Cash said yesterday.

Atlantis thankful for delay in introduction of VAT

ATLANTIS president and marketing director George Markantonis said yesterday that the hotel will be able to handle the 7.5 per cent implementation of Value Added Tax come January 1 of next year, saying that the hotel’s biggest challenge will be changing their software system.

National Forestry estate plan is 'unprecedented'

The creation of a national forestry estate would mark a “significant and “unprecedented” move for the Bahamias in the management and protection of its natural resources, a top official said yesterday.

Interactive 'Food for Thought' forum reveals hunger facts and debunks myths

THE charge of the non-profit organisation Hands For Hunger can be summed up with a quote by Bahamian performer Ordain Moss: “Let’s take away their pain and hold on to a hand, let’s put our love to work.”

Waste-to-energy plantreaches 'critical stage'

A waste-to-energy provider has reached a “critical stage” in its negotiations with the Government over a $600 million-plus plant at the New Providence landfill, its principal confirming that no final agreement had been concluded.

Questions over builder's past

FREE National Movement MP Hubert Chipman yesterday questioned the citizenship legitimacy of government-hired builder Lloyd Smith as he suggested the contractor and Labour Minister Shane Gibson had close ties.

Wells 'being treated as a fall guy' over $650m deal

FREE National Movement (FNM) Leader Dr Hubert Minnis said the government is using Ministry of Works Parliamentary Secretary Renward Wells as a “fall guy” by asking him to resign amid reports that he breached government protocols by signing a letter of intent with a company proposing a more than $650m waste-to-energy deal.

Hopes for trade deals as Haiti president visits

MINISTER of Agriculture V Alfred Gray yesterday said he was hopefully that the visit of Haitian president Michel Martelly will cement trade agreements between the two countries.

NIB ordered: Pay ex-chief seven years of pensions

The National Insurance Board (NIB) has been ordered to pay a former director almost seven years’ worth of pension benefts after losing a legal battle over her due retirement entitlement.

Former PLP MP: Speaker was wrong over Ingraham

THE Office of Prime Minister is bigger than the occupant. What the Chair did to Mr Ingraham will unfavourably mark the manner of our bearing for years to come. “I do not agree with what you have to say” wrote Voltaire in another century, “but I will defend to death your right to say it.”

Baha Mar sides told: ‘Leave your egos out’

The Opposition’s deputy leader yesterday urged all parties “to leave their personalities and egos out of” efforts to resolve the $3.5 billion Baha Mar dispute, adding that it was “not helpful” for the Prime Minister to imply the developer’s principal was mentally unhinged.

Oil drilling in the Bahamas

EDITOR, The Tribune

IMF: Deficit will be $100m above forecast

The International Monetary Fund (IMF) has warned the Government that its fiscal consolidation projections are “too optimistic”, and that the deficit for the just-closed 2015-2016 year will be around $100 million higher than forecast.

Moody's warns of BTC credit risk

WALL Street last night blasted the Christie administration’s plans to regain majority control of the Bahamas Telecommunications Company (BTC) as “negative” for this nation’s sovereign credit rating, and slammed the Government’s “erratic” policy approach as undermining this nation’s investment climate.

Wells LOI battle: 'It's finished now'

A $727.364m damages claim against Renward Wells and others was yesterday branded as “finished” after the firm at the centre of the Letter of Intent (LOI) controversy withdrew its appeal.Gregory Moss, the now-Cabinet minister’s attorney, told Tribune

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