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PM dismisses concern GBPA dispute will undermine investor confidence
PRIME Minister Philip “Brave” Davis dismissed concerns that the government’s dispute with the Grand Bahama Port Authority (GBPA) undermines investor confidence and suggested that investors already lacked interest in the island.
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BTC slams ‘excessive’ $209,488 URCA fine
The Bahamas Telecommunications Company (BTC) last night slammed the $209,488 fine imposed on it by regulators for breaching mobile number portability rules as “unwarranted and excessive”.
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Pintard: Retired nurses should be brought back to alleviate shortage
OPPOSITION Leader Michael Pintard said the nursing profession is experiencing a severe shortage in the country, and said retired nurses should be brought back into the system.
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Now-Cabinet minister wins just 14.5% of union claim
A SUPREME Court judge has awarded a now-Cabinet minister just 14.5 percent of the compensation he was seeking over a breach of contract battle with the Bahamas Union of Teachers (BUT).
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PM: Bill’s ‘flexibility’ to end GBPA’s energy regulation
THE Prime Minister yesterday confirmed that the Electricity Bill 2024 provides “the flexibility” to remove the Grand Bahama Port Authority’s (GBPA) ability to regulate the energy sector in Freeport.
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‘15 years too little for killing my son’
THE mother of Omar Davis, Jr –– the high-achieving young accountant killed in 2022 –– said the 15-year sentence her son’s killer has received is a “slap on the wrist” that does not bring justice.
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Ex-DPM: ‘I’ve triumphed over baseless conspiracy claims’
An ex-deputy prime minister last night asserted he has “emerged victorious against baseless conspiracy allegations” levied against himself and Sky Bahamas’ former principal by the airline’s chief financier.
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Deltec’s big damage from FTX investor ‘Gatling gun’
A BAHAMIAN bank and its chairman have blasted aggrieved FTX investors for employing “a Gatling gun approach” that has inflicted “tremendous damage” on their financial services reputation.
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‘Folly’ to release PwC’s $357m GBPA research
A Cabinet minister yesterday asserted it would be “folly” for the Government to disclose evidence showing how the $357m payment demand issued to the Grand Bahama Port Authority (GBPA) was calculated.
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Steven Gardiner ‘just glad to be back’
BAHAMAS men’s national 400 metres record holder Steven Gardiner said he’s glad to be back, but he’s hoping that he can stay “injury free” as he looks forward to a fun-filled season in preparation to defend his title at the Olympic Games in August.
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GBPA braces for govt to launch arbitration
THE Grand Bahama Port Authority (GBPA) is bracing for the Government to formally initiate arbitration proceedings as early as this week after talks failed to break the deadlock over the latter’s $357m demand.
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Energy bill opens door to BPL move
The Government yesterday unveiled a major overhaul of the country’s energy regulatory regime to provide a platform for rescuing Bahamas Power & Light (BPL) from its $1bn debt and investment hole.
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Minister’s $185k CARIFTA ‘surplus’ came from 360% subsidy overshoot
A Cabinet minister yesterday asserted that last year’s CARIFTA games generated a $185,503 “net surplus” even though this was only made possible by a taxpayer subsidy over four times’ higher than budgeted.
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PharmaChem more than $68m insolvent
PharmaChem Technologies is more than $68m insolvent with its major creditor having secured just 26.3 percent of the massive debt owed to it, Tribune Business can reveal.
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