Tidbits to Consider

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Tuesday, June 17, 2003

Gov't Owed Millions In Casino Taxes

Already facing serious revenue shortfall concerns, the government is seeking to put in place appropriate measures to ensure that casino taxes are collected from delinquent operators, Minister of Financial Services and Investments Allyson Maynard-Gibson indicated today. The Hotel Corporation of The... Sign in to see full entry.

Friday, June 13, 2003

No Money For ZNS Workers

Staff members of the Broadcasting Corporation of The Bahamas were informed late Thursday that they will not receive their salaries as scheduled Friday due to a delay beyond management's control. A memo, which was signed by General Manager Anthony Foster, did not give a reason for the delay, but... Sign in to see full entry.

Wednesday, June 11, 2003

Bahamas Not Obligated To Sign FTAA Agreement

Sir Shridath Ramphal, the man who was at the helm of negotiations for the Caribbean on the Free Trade Area of the Americas at its onset, says that The Bahamas does not have to sign the agreement, but has merely made a commitment to negotiate the agreement by 2005. Sir Shridath, Chancellor of the... Sign in to see full entry.

Tuesday, June 10, 2003

Blankenship Resigns

Controversial United States Ambassador J. Richard Blankenship today [June 05, 2003] announced his intention to leave his post as Ambassador of the United States of America to The Commonwealth of The Bahamas this summer. Ambassador Blankenship tendered his resignation as to President Bush, effective... Sign in to see full entry.

Thursday, June 5, 2003

Urban Planning For Family Islands

By Candia Dames candiadames@hotmail.com In the past, development has been allowed to take place on Family Islands without what the government considers careful planning to prevent a clash of economic development and population shifts. But now, authorities want to ensure that careful urban planning... Sign in to see full entry.

Tuesday, June 3, 2003

PM On Investment High

By Candia Dames candiadames@hotmail.com Touting his government's success in attracting new investments to The Bahamas, Prime Minister Perry Christie last night announced a new $240 million resort development for the Exumas, while pointing out that over the past three weeks, his government has signed... Sign in to see full entry.

Saturday, May 31, 2003

Growth Rate Disputed [Bahamian Economy]

By Candia Dames candiadames@hotmail.com The 4.5 percent growth projected for the Bahamian economy in 2004 published in the "World Economic Outlook" may be overly optimistic when compared to a more recent projection made by a team of International Monetary Fund officials who recently visited The... Sign in to see full entry.

Thursday, May 29, 2003

$122 Million Deficit Projected- 2003-2004 budget Bahamas estimates...

By Candia Dames candiadames@hotmail.com The 2003-2004 budget projects an overall funding shortfall of $122 million, which would raise government debt by 2.2 percent to 38.7 percent of GDP. Prime Minister Perry Christie - who started his much anticipated budget communication shortly before 4pm... Sign in to see full entry.

Wednesday, April 2, 2003

Queen's Honours Abused [by Candia Dames 6/01/03]

The Cabinet Office, according to reliable sources, found out from the awards office at Buckingham palace that the Bahamas had exceeded its quota of knighthoods until the year 2005. Mr. Christie, according to high-ranking government officials, had every intention of awarding at least one knighthood... Sign in to see full entry.

Saturday, March 29, 2003

Financial Bill Sparks Worries...

By Candia Dames candiadames@hotmail.com A bill to provide for the introduction of a new investment product in the Bahamas is raising concerns among some people in the financial services industry because the vehicles, known as foundations, have in the past been associated with high-profile fraud... Sign in to see full entry.

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