We’re integrating LNG.” he said.
A special initiative was launched by Bahamas Power and Light, BPL over the holiday season. An attempt to get consumers to pay their overdue bills and see their electricity restored, when they made that effort.
Residents though are still forced to make tough choices as apartment units and real estate buys are priced too high and rent is chomping away at a large portion of salaries.
“The huge increase in costs of housing has also helped to drive up the cost of living. We’re building affordable housing, and we are piloting a Rent-to-Own programme. But while these are important, they aren’t reaching enough Bahamians yet. So even as we work to expand those efforts, we’re exploring ways to incentivize the private sector to build more. Increasing the supply of housing is the best way to see reductions in the cost of housing. We have also expanded concessions to first-time homeowners, because it’s so hard to make that big leap,” said Prime Minister Davis.
Reaction to the reduction in VAT from 10% to 5% in The Bahamas is healthy and that break will be important this year. It is forecast by the USDA’s Economic Research Service that despite a Donald Trump presidency, food prices in the United States are still expected to jump by nearly 2% in 2025.
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Publish date : 2025-01-11 08:08:00
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