Opposing politicians united on ‘absurd’ GB Power rate hikes
GRAND Bahama Power Company’s proposed 6.3 percent base rate increase was yesterday branded as “absurd” and “wholly ill-conceived” given the potential impact on residents and businesses.
Hotel chief: ‘No real difficulty’ going to four-day work week
THE Bahamas Hotel and Tourism Association’s (BHTA) president yesterday said he foresees “no real difficulty” with a four-day work week as employers generally gave mixed reactions to the idea.
‘Rebalance’ onerous VAT dispute payment demand
A FORMER Cabinet minister yesterday called for the law dealing with VAT disputes to be “rebalanced” as he branded the ease of doing business in The Bahamas “a joke”.
Opposition to gov’t: ‘Which Sandals is it?’
THE Opposition’s chairman yesterday argued that the Government is sending mixed messages over whether it views the Sandals resort chain as a “tax dodger” or “national hero”.
Opposition finance chief blasts ‘indefensible’ bank fee increase
THE Opposition’s finance spokesman yesterday demanded that Bahamians be given greater protection against “inexplicable and indefensible” bank fee hikes as CIBC became the latest to unveil increases.
BPL admits its Briland power woe ‘untenable’
HARBOUR Island’s latest electricity woes are “cruel” to residents and “insulting” to wealthy investors who have sunk millions of dollars into acquiring high-end homes in a destination with inadequate infrastructure.
Fnm seizes on govt’s ‘cash flow crunch’
THE Opposition yesterday seized on remarks by the Progressive Liberal Party’s (PLP) chairman as confirmation the Government is facing “a cash flow crunch” and “taxing the private sector into oblivion”.
Private islands auction over $9.2m unpaid taxes blocked
FOREIGN investors have persuaded the Supreme Court to block the Bahamian tax authorities’ bid to seize and sell-off their private islands to recover an unpaid $9.2m real property tax bill.
Act’s noble intent ‘taking us down the path to hell’
SAFEGUARDS to protect delinquent mortgage borrowers from losing their homes are poised for review with a senior banker warning they were “carrying us down the path to hell” despite the noble intent.
BPL plunges to negative -20% net profit margins
BAHAMAS Power & Light’s (BPL) financial crisis was yesterday further exposed by negative net profit margins of -20 percent and -24 percent for the past two financials years when it was unable to cover its debts.
AML Foods ‘expands ambitions’ to target $300m sales by 2030
AML Foods yesterday said it has “expanded our ambitions” to now target becoming a “$300m company by 2030” as its top executive asserted: “We are bullish on our industry.”
URCA: BPL must slash outage frequency 40%
BAHAMAS Power & Light (BPL) must reduce the frequency and length of power outages by 40 percent and 60 percent, respectively, to meet standards set by its regulator, it was revealed yesterday.
‘Tremendous concern’ on Silver’s Bimini airlift halt
TOURISM executives yesterday said it was “a tremendous concern” that Bimini’s major source of commercial airlift had suspended all flights until Friday due to the airport’s inoperable fire truck.
Labour body yet to see new minimum wage rise
THE body responsible for dealing with all labour-related matters in The Bahamas has not discussed any proposed minimum wage increase because it has not been reformed since July 1.
‘Strong interest’ still in Bahamas ship registry
A CABINET minister has urged Bahamians to pursue maritime industry careers with this country’s shipping registry continuing to attract “strong interest”.
