Gov’t ‘within legal limits’ on Central Bank lending
The Governor yesterday confirmed the Government remains compliant with legal limits on how much it can borrow from the Central Bank despite Opposition concerns this debt has risen by $500m in two years.
Chamber says Amazon poses ‘imminent threat’
The Bahamas Chamber of Commerce & Employers Confederation (BCCEC) yesterday acknowledged that Amazon’s ‘free delivery’ move poses an “imminent threat” to the survival of several local industries.
‘Looted’ FTX assets used to buy share in eatery
FTX’s Bahamas chief used $2.5m allegedly “misappropriated” from the crypto currency exchange to finance his acquisition of a 40 percent ownership stake in a well-known New Providence restaurant.
Cruise ships eye 38% discount to BPL rates
A $150m power plant’s developer is bidding to supply vessels docked in Nassau Cruise Port at rates more than 38 percent lower than Bahamas Power & Light’s (BPL) average commercial tariff.
Debt-to-GDP fall reversal with $342.5m liability jump
The post-COVID decline in The Bahamas’ debt-to-GDP ratio was reversed during the three months to end-September 2024 due to a sharp $342.5m increase in the Government’s borrowing liabilities.
Bahamas bonds suspended amid $210m Gov’t buy back
A major stock exchange has temporarily suspended trading in several of The Bahamas’ outstanding foreign currency bond issues while the Government attempts to buy back up to $210m of its debt.
Unions set to meet on strike strategy
Trade unions are due to meet this Saturday to determine their strike strategy with one labour leader describing industrial relations as “very, very fragile” as he warned: “Enough is enough.”
Six Senses project to create 400 construction, 200 full-time posts
The developers behind Grand Bahama’s Six Senses resort project say the $250m development will “imminently” create 400 construction jobs and a further 200 permanent posts when it opens in late 2026.
Retailers, couriers fear ‘a dry Christmas’ on Amazon move
Bahamian retailers and courier companies have voiced fears that “this is going to be a dry Christmas” after Amazon confirmed it is now offering free shipping to The Bahamas on purchases of select items over $49.
Consumer watchdog in new food store checks
The consumer watchdog’s chairman says he has “absolutely” seen an improvement relating to expired product on food store shelves as inspectors conducted follow-up visits to several Nassau outlets yesterday.
Contractors ‘on same page’ over consumer protection
The Bahamian Contractors Association (BCA) was yesterday said to be “on the same page” as the Consumer Protection Commission as both work together to resolve consumer complaints.
West GB ferry proponent quiet over ‘curious’ DPM’
The company behind a proposed ferry service between Grand Bahama’s West End and West Pam Beach declined to respond yesterday after the Deputy Prime Minister said he knew nothing about the venture.
BPL’s new chair now targets 95-98% performance scores
Bahamas Power & Light’s (BPL) newly-appointed chairman yesterday said she is targeting network reliability and performance metrics.
Freeport electricity battle is ‘difference of opinion’
A senior official with the Attorney General’s Office yesterday branded the legal dispute over who has regulatory authority for the energy sector in Freeport as a “difference of opinion”.
FOCOL in energy reform talks with US Gov’t bank
FOCOL Holdings is in negotiations with a US government-owned institution to finance its “nine-figure” investment in transforming New Providence’s baseload energy generation, its chairman revealed yesterday.
