The recently passed Public Financial Management Act expands the role of the auditor general to conduct audits of government business enterprises that were not previously provided for under the constitution. Section 10 (6) of the act allows a minister responsible for a government business enterprise to secure rights to enable examination by the auditor general. Those government business enterprises listed
Domestic private sector activity measured by mortgage commitments fell in the third quarter for a second consecutive year, new data from The Central Bank of The Bahamas revealed. This subdued activity in the third quarter is in contrast to the robust growth in mortgage commitments in the first and second quarters of this year, which
Evita Smith, 29, and her husband, were among nine families handed keys to their new homes in the Pinecrest subdivision yesterday. “I feel relieved,” said Smith. “Being self-employed, it’s been a challenge, but it’s just another milestone I’ve been able to accomplish and I’m just happy for myself along with my family.” Although a challenge,
During 2021, outstanding mortgages at the Bahamas Mortgage Corporation (BMC) rose 12 percent to $187.2 million, The Central Bank of The Bahamas has revealed. The data was revealed in the just released Financial Stability Report for 2021, which also showed losses for the Bahamas Development Bank (BDB). “An uptick in unemployment claims led to significant
By STIRLING STRACHAN Bahamas Information Services #TheBahamas, October 7, 2022 – The Hon. JoBeth Coleby-Davis, Minister of Transport and Housing, announced ‘A Place To Call Home’ rent-to-own initiative as part of the government’s promise of new opportunities during her communication to the House of Assembly, October 5, 2022. “In our party’s Blueprint for […]