Water Corp margins slide 138% to -$31m
The Water & Sewerage Corporation sucked up $55m in Bahamian taxpayer subsidies in 2022 to help cover a -$31m negative operating margin that had more than doubled over a 12-year period.
Union chief: Gov’t ‘gone rogue’ over civil service retiree hiring
The Bahamas Public Services Union’s (BPSU) president last night asserted the Government has “gone rogue” over rehiring civil service retirees as he hit back at concerns of a ‘hollow middle’.
‘Urgent alert’ for NIB on widening benefits gap
The widening gap between benefit payouts and contribution income is an “urgent alert” for National Insurance Board (NIB) reform, a multilateral lender is warning, as it urges cuts in administrative costs.
PM: Safeguard $150m flats fishing over climate change
The Prime Minister has urged lodges, resorts and other industry operators to invest in renewable energy and sustainable equipment to help protect the $150m flats fishing industry against climate change.
Digital banking drive holds week-long event
Bahamian financial services providers have teamed with the Central Bank for a week-long drive aimed at improving consumer confidence and understanding when it comes to digital banking.
DEREK SMITH: AI governance vital to corporate futures
Artificial Intelligence (AI) has transformed industries by improving decision-making, streamlining operations and enhancing customer experiences.
URCA to ‘use all avenues under law’ on GB Power
The Utilities Regulation and Competition Authority (URCA) yesterday pledged it “will use all avenues available under the law” in responding to Grand Bahama Power Company’s bid for a rate increase.
Airline warning: ‘We’re being taxed to death’
A senior tourism executive yesterday urged The Bahamas “to convert our proximity into affordability” after multiple airlines serving this destination warned: “We’re being taxed to death.”
PM: BPL grid deal finalised ‘in a week’
The Prime Minister yesterday defended his administration’s decision to outsource New Providence’s electricity grid to private investor control while revealing the deal will be finalised in “about another week”.
BPL ‘pretty confident’ on record Abaco demand
Bahamas Power & Light’s (BPL) top executive is “pretty confident” it will be able to handle Abaco’s 30 mega watt (MW) energy demand that is forecast to shatter pre-Dorian records next summer.
Bank ordered to hand over $63,000 from ex-MP’s account
A BISX-listed bank has been ordered to hand over $63,000 from accounts belonging to an ex-MP and Supreme Court judge to help repay a multi-million dollar debt owed to a US investor.
PM eyes Lucayan deal ‘in two weeks’
The Prime Minister yesterday confirmed “intense discussions” have been held with a potential buyer for the Grand Lucayan resort and he expects a deal to be finalised over the next two weeks.
Minister backs calls to ease building red tape
A Cabinet minister yesterday said he shortly hopes to ease red tape associated with the approval of Family Island building plans.
Aviation chief targets Abaco year-end air arrivals rebound
The Government’s aviation chief yesterday said Abaco’s higher-spending air arrivals are still 12 percent down on pre-Dorian’s 2019 numbers as the island’s revival from the devastating storm progresses.
Building entrepreneurs offers clear advantage
Research shows that countries which provide support to entrepreneurial ventures among their local population often experience unprecedented, sustained growth and development.
