Friday, June 5, 2020
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Jobless Rate Projection Higher Than Expected

The country’s jobless rate is projected to exceed expectations. Labour Minister the Honourable Dion Foulkes today told reporters that despite not having scientific evidence, unemployment could sit beyond 30 per cent.

Repatriation Flights

Over 100 residents and Bahamians on board the scheduled repatriation flight from Fort Lauderdale, Florida. This is the second such exercise but third flight.

BPL Statement FI Renewable RFPs

Bahamas Power and Light Company Ltd. (BPL) is excited to report that six potential Independent Power Providers (IPPs) entered the second phase of evaluations of their bids for contracts to develop, finance, build, own and operate a solar photovoltaic (solar PV) and energy storage plant or a hybrid power plant on North & Central Andros, North Eleuthera, South Eleuthera and Inagua.

An energized BDB reopens on 8 June, 2020

The Bahamas Development Bank will reopen its doors to the public on Monday, the 8 June, 2020 with a different culture. Over the last 20 months, BDB has achieved dramatic improvements in its operations and was tested in wake of the COVID-19 pandemic.

Proposed budget is a forerunner to the long-term sustainable solution

As the Government prepares for a month of intense budget debate in Parliament, the public can expect to learn further details about the FY2020/21 Annual Budget during the debate contributions by Cabinet Ministers and Members of Parliament. By the time the new budget takes effect on July 1, the public should have a detailed understanding about ‘Resilient Bahamas: A Plan for Restoration’, which is the Government’s plan to use public finances to protect, families, communities, and businesses; to stabilize the weakened economy; and to transform the current crises into an opportunity for future prosperity.