The IMF has marked up its forecast for economic growth in The

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, March 8, 2018 – Nassau – Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest said in line with the brighter economic outlook globally and especially in the U.S., the International Monetary Fund has marked up its forecast for economic growth in The Bahamas.“Real growth in 2018 is now forecast at 2.5 per cent, up from 2.2 per cent at the time of the last Budget.  For 2019, the forecast calls for growth on the order of 2.2 per cent,” the DPM said during his Contribution to the 2017/18 Mid-Year Budget Debate in the House of Assembly, Wednesday, March 7, 2018.He said this outlook reflects projected modest growth in tourism sector output, due in part to the sustained improvement in key source markets and in light of the multi-billion Baha Mar resort becoming fully operational.  In addition, DPM Turnquest said construction activity should be supported by a number of varied-scale foreign investment projects in both the capital and the Family Islands.“In this environment, employment conditions are expected to continue to gradually improve while inflationary pressures should continue to be well contained over the near-term, as international oil prices remain relatively low.”He said as for monetary sector developments, the Central Bank expects continued high levels of bank liquidity to be a dominant feature.  “As well, credit conditions are likely to remain subdued, while bank arrears and non-performing loans should continue their downward trajectory, underpinned mainly by additional asset sales and ongoing loan recovery efforts.The DPM said further, banks are projected to stay highly capitalised, thereby mitigating any threats to financial sector stability.He also noted that developments in respect of external reserves are expected to depend heavily on factors such as the performance of foreign exchange earning sectors, international crude oil price developments and the Government’s financing activities.DPM Turnquest added, “However, external reserve indicators are likely to remain above international benchmarks during the year.   At the end of January, external reserves totalled $1,460.5 million, equivalent to 5.5 months of total merchandise imports and well above the benchmark of three months.” Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

Hundreds of customers overcharged on their water bills

first_imgHundreds of customers overcharged on their water bills February 13, 2018 Posted: February 13, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsLast week, we reported that hundreds of customers have complained about unusually high water bills. Several City Councilmembers have voiced their concerns and called for an audit of the department. It turns out, that in more than 300 cases, the customers were right, they were significantly overcharged.Deputy Director of the Public Utilities Department, Michael Vogl, spoke with KUSI’s Lisa Remillard to discuss what happened. KUSI Newsroom, center_img KUSI Newsroom Categories: Local San Diego News Tags: Michael Vogl FacebookTwitter Updated: 9:04 AMlast_img read more

San Diego Humane Society Cal Coast Credit Union discuss Walk for Animals

first_imgSan Diego Humane Society, Cal Coast Credit Union discuss Walk for Animals KUSI Newsroom, KUSI Newsroom 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – A chihuahua is looking for a forever home this morning.Joining KUSI from San Diego Humane Society with how you can adopt Ren is Dariel Walker.Also joining KUSI is Cal Coast Cares, one of the largest teams for our Walk for Animals coming up on May 4.For more info on Ren: https://bit.ly/2IMrkQyFor more info on the Walk for Animals: https://bit.ly/2KPCPJq Posted: April 20, 2019 April 20, 2019 Categories: Good Morning San Diego, Local San Diego News FacebookTwitterlast_img read more