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Treasury broke

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Bahamas, May 5th 2017 – Abaco – Is the treasury empty or not? This is the question now plaguing the residents of Abaco and by extension all Bahamians after allegations from former FNM leader, Hubert Ingraham starting spreading. In response, Prime Minister Perry Christie said out right “NO!”

On Tuesday 2nd May 2017, Ingraham made his first big public appearance on the campaign trail since 2012, telling supporters in North Abaco that, “the money ain’ there” referring to the Public Treasury. He told the residents that despite promises by Christie to pay officers their entitled overtime, the PLP would be unable to do so since there isn’t enough money in the treasury.

However, Prime Minister Christie had a question for Ingraham, “How was he paying civil servants when he was spending over $500m more than he was earning?”  Christie explained that his government’s deficit was no way near Ingraham’s administration, thus if Ingraham afforded to pay civil servants, then he would too.

Deputy Prime Minister, Philip Davis also came to Christie’s defense by accusing Ingraham of “spreading propaganda” on this issue. Adding, “I don’t know where he got his information from and I think it’s just a red herring that was brought about to put fear in the officers,” Backing him was also the incumbent MP for the Tall Pines constituency, Leslie Miller who agreed that Ingraham was spreading “propaganda” by saying, “Mr. Ingraham has come up with more outrageous statements since he got back about the money that was stolen. I was somewhat taken aback by a man who’s been the prime minister for three terms. If he knows that money was stolen from the treasury, the prime minister knows exactly what to do. He knows the Commissioner of Police, he knows who to go to. Report the case and those people who are thought to be responsible should then be hauled before the courts. That’s what I would think he should do.”

The Deputy Prime Minister believes that the reason for Ingraham’s statement, which has now caused an alarm throughout the country just mere days before the elections, is because, “it’s political season and he wants to inspire them to vote for the FNM by spreading propaganda.”

Story By: Kay-Marie Fletcher 

#MagneticMediaNews

#Treasury

Bahamas News

GBPA’S STATEMENT IN RESPONSE TO THE ADDRESS OF PRIME MINISTER PHILIP DAVIS AT THE G.B. CHAMBER’S BUSINESS MEETING ON MONDAY, MAY 6TH, 2024

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The Grand Bahama Port Authority has taken note of calls from our licensees, the residents of Grand Bahama and several current investors for a response to Monday’s address by Prime Minister Davis.

We take this opportunity to once again reassure these valued stakeholders that GBPA remains laser-focused on the task at hand. We are working every day to deliver the $2B-plus of investments which the GBPA Group of Companies, through its affiliates, either initiated, is invested in, or is contractually involved in creating, and was instrumental in bringing the investors to the table.

At the same time, it is important that GBPA corrects any inaccurate, incomplete or selective representations regarding matters that impact our stakeholders. In the near future, therefore, GBPA intends to host a live event with its stakeholders to ensure that all the matters discussed in the public domain are placed in their proper context and the historical record is set straight.

In the meantime, we encourage our stakeholders to remain confident in the resilience and potential of Freeport, and in our pledge to continue working diligently to see a prosperous future for Grand Bahama.

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Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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