‘Desperately bleak’: Bahamas faces greatest sea level rise threat ‘by far’
More than half of New Providence and Paradise Island resorts are “vulnerable” to the weakest storms, it was revealed yesterday, with The Bahamas facing “by far” the greatest global threat from sea level rise.
Nygard legacy fails to halt $11.9m Union Wharf sale
A Bahamian attorney’s bid to block the $11.9m sale of downtown Nassau’s Union Wharf property over an alleged debt owed by Peter Nygard has been dismissed by two separate courts.
Governance reformers: Police chief’s ‘bribe call’ not sufficient
Governance reformers yesterday warned the police chief’s call for all persons solicited for bribes to “speak up” is unlikely to succeed unless backed by tough anti-corruption and ‘whistleblower’ protections.
AG: Unchecked climate change to make Bahamas ‘uninhabitable’
The Attorney General yesterday warned that climate change threatens to make The Bahamas “uninhabitable” with this nation projected to lose “nearly 60 percent of its shoreline” to rising seas by mid-century.
Freeport logistics flagship seeking buyer for $5.9m
The flagship property that was intended to signal Freeport’s emergence as a logistics, transhipment and distribution hub has been placed on the market with a $5.9m asking price.
Bahamas’ debt jumps to just below $12bn
The Bahamas’ national debt surged to just below $12bn at end-September 2024 with a corresponding rise in the debt-to-GDP ratio due to a $339m increase over the previous three months.
Strike action unlikely as parties ‘get sober’
Mass industrial action by public sector trade unions is now “very unlikely” after the Prime Minister intervened to help all sides “get sober” and make progress in resolving outstanding grievances.
Water Corp’s losses surge 54% in four years to $35m
The Water & Sewerage Corporation’s operating losses jumped by almost 54 percent to $34.648m during the four years to 2023, it has been revealed, with monies due to third parties now more than half its revenue.
Investment fear on corruption charges
Two former Cabinet ministers are warning that the drug and corruption charges levied against senior security officials could have a potentially chilling effect on foreign direct investment (FDI) flows to The Bahamas.
GB Power ‘not taking any chances’ for 2025
Grand Bahama Power Company is “not taking any chances”, its top executive is pledging, as it bids “to never experience another summer like we had” with demand set to rise by up to 10 mega watts (MW) in 2025.
Sebas’s electric vehicle dealer slams ‘fear-mongering’ rival
The newly-launched electric vehicle dealership headed by Sebas Bastian yesterday pledged to deliver “innovation, choice and fair pricing” while blasting a rival’s “fear-mongering smear campaign” against it.
Auto dealer brands gouging ‘impossible’ with price control
A Bahamian electric vehicle dealer yesterday slammed a rival’s accusations that it is “price gouging” consumers as “ridiculous” and impossible because all vehicle sales in this nation are price controlled.
Bahamian companies told: Get ahead of Trump tariff ‘shocks’
Bahamian companies have been urged to seek out new source markets and supply chains given the likely “shocks” and “deleterious impact” that Donald Trump’s proposed tariff measures will have.’
Gas retailers hope margin rise ‘start of more reforms’
Bahamian petroleum retailers yesterday voiced optimism that their recent margin increase is the “start of more reform” with the rise having brought “much-needed relief” to the struggling dealers.
Andros Chamber chief says: ‘Scotiabank has forsaken us’
The Andros Chamber of Commerce president yesterday asserted that “Scotiabank has forsaken us” amid ongoing struggles to access banking services after the area’s sole ATM was vandalised nine months ago.
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