Contractor chief: Chinese hospital labour likely 90%
THE Bahamian Contractors Association’s (BCA) president yesterday asserted that the ratio of Chinese labour employed on the $290m new hospital will be higher than the 80 percent cited in Parliament.
PM: We will not keep you ‘in dark’ on energy reform
THE Prime Minister yesterday pledged that further details on wide-ranging energy reforms will be revealed “as soon as the ink is dry”, promising that Bahamians will not be “left in the dark”.
PM: Tax dodging elite’s era is over
THE Prime Minister yesterday vowed that the days of The Bahamas serving as “a playground for the elite who....disobey the law and fail to pay their taxes” is over.
NY judge: ‘Give FTX’s $143m back to Bahamas’
A NEW York judge is being urged to return $143m seized by the US federal authorities to FTX’s Bahamian liquidators who have a “superior interest” to these assets.
ACTIVTRADES: On top once again
Apple once again became the world’s most valuable company on Wednesday, pushing Microsoft out of top spot. The plans around artificial intelligence (AI) that the company announced are apparently having an effect on investors. In their eyes, the iPhone manufacturer is ahead in the race for supremacy in the new technology.
Ex-ArawakX principals say ‘no further steps’ over BOB battle
The former directors of The Bahamas’ first-ever crowd-funding platform have pledged “to take no further steps” to advance their legal battle with Bank of The Bahamas under the terms of its full winding-up.
Alcohol smuggling claims ‘baseless and groundless’
Customs’ top official has slammed as “baseless and groundless nonsense” allegations that senior officials with the agency and Ministry of Finance were involved in an illicit alcohol smuggling racket.
CCA: Baha Mar only $68m over its budget
Baha Mar’s main contractor is asserting it went just 3 percent over-budget in completing the mega resort as it makes a last-ditch bid to slash Sarkis Izmirlian’s damages claim by $830m.
Minister: Gov’ts LNG SPV will lower costs
The Government’s decision to act as liquefied natural gas (LNG) middleman will drive lower fuel and energy costs through leveraging economies of scale, a Cabinet minister is asserting.
FNM chair says $30m for BPL’s grid ‘national steal’
Enabling private investors to acquire majority control of New Providence’s electricity grid for just an initial $30m equity capital investment has been branded “a hell of a deal” by the Opposition’s chairman.
Smuggling racket claim ‘baseless and groundless’
CUSTOMS’ top official has slammed as “baseless and groundless nonsense” allegations that senior officials with the agency and Ministry of Finance were involved in an illicit alcohol smuggling racket.
650 jobs to fill at $290m hospital
Flooding risks are “a great concern” for New Providence’s new hospital which will need a 650-strong medical staff to care for the anticipated 400 patients it is set to house daily.
Chamber warns on energy cost increase for ‘most businesses’
The Chamber of Commerce yesterday joined those voicing concern that Bahamas Power & Light’s (BPL) new rate structure will fuel more price increases by raising energy costs for “most businesses”.
Minister defends ‘single source’ bid process for FOCOL affiliate
A Cabinet minister yesterday rejected assertions that the Government’s energy reforms violated procurement laws as she defended the “single source” bidding used to select a FOCOL Holdings affiliate.
Double rooms by 15,000 to stay ‘Caribbean leader’
The deputy prime minister yesterday said The Bahamas needs to double its capacity by adding 15,000 new hotel rooms over the next decade if it is to “remain the undisputed leader” in Caribbean tourism.
