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FRONT PORCH: A national lottery can help Bahamians in countless ways
IN our 50th year of independence, the national debt remains a source of deep concern, with state resources stretched across our archipelago. The country remains at risk of downgrade from various rating agencies. The debt will worsen with the next major hurricane, pandemic and/or financial crisis.
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EDITORIAL: BPL albatross around govt’s neck
BAHAMAS Power and Light may just be the albatross around the neck of this government.
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UPDATE: Govt won't allow BPL to impose late fee
THURSDAY AFTERNOON UPDATE: The Davis administration said it will not allow BPL to impose a late fee on the Bahamian people. It was only one of five considerations in a discussion to lower the company’s outstanding arrears, according to Acting Press Secretary Keishla Adderley at the OPM press briefing this morning. BPL also released a statement (left) saying it did not have plans to impose a late fee on its customers at this time.
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BOB rejects $33m ArawakX demand
The Securities Commission was yesterday accused of “callous disregard” for ArawakX’s interests by allegedly interfering with its demand for a $33m settlement from Bank of The Bahamas.
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FTX Bahamas signals fresh Ray ‘progress’
FTX Bahamas’ liquidators and their US adversary yesterday suspended all scheduled legal filings as they bid to resolve their dispute outside the courtroom.
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‘UP WAGE TO $350 - OR RISK STRIKES’: Unions agree to take vote as the call for minimum pay raise
A labour leader yesterday called for a further minimum wage hike to $350 per week by June 2024 as he revealed that multiple trade unions have agreed to each “take a strike vote”.
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Insurance regulator in blacklist ‘what if’ look
The Insurance Commission was yesterday said to be looking at “what if” scenarios to ensure insurers have access to sufficient reinsurance capacity if The Bahamas stays on Europe’s tax blacklist.
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Bahamians face extra 90-day wait to join NHI
Bahamians will now have to endure an extra 90-day wait to enroll in National Health Insurance (NHI) as the scheme embarks on an efficiency drive to counter its “finite resources” this fiscal year.
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Kool Acres demolition begins in wake of shanty town blaze
AS the demolition crews moved into Kool Acres shanty town yesterday, resident Souvenance Similien watched, hoping to reclaim the abandoned car he calls home.
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DEMOLITION GOES ON DESPITE SHANTY FIRE: No casualties reported but cause of blaze is still being investigated
DEMOLITION of the Kool Acres community will still proceed today despite the blaze that tore through the shanty town on Saturday engulfing more than 70 homes and destroying numerous belongings and personal items.
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Swimming, athletics receive top honours at National Sports Awards
OVER the weekend, the swimming and athletics disciplines took home a majority of the awards at the Ministry of Youth, Sports and Culture’s National Sports Awards.
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Cargo shipping disruption rises on breakwater woes
Nassau’s main commercial shipping port is warning that repairs to the harbour’s breakwaters are becoming ever-more urgent with “interruptions” to the unloading of cargo vessels “increasing” in recent months.
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Bahamas must target 70% cruise visitor ratio
A well-known hotelier says The Bahamas must do a better job on cruise passenger “conversion” and increasing the number of resort rooms if it is to maximise tourism’s economic benefits.
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Fire destroys structures in Kool Acres shanty town
Around 77 structures or some 80 percent of the Kool Acres shanty town off Joe Farrington Road have been burned to the ground in a fire that took place around 4pm on Saturday, according to Craig Delancey, Buildings Control Officer with the Ministry of Works and a part of the Unregulated Communities Action Taskforce.
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DIANE PHILLIPS – ‘I’ve never felt more comfortable outside the US than when I was in Grand Bahama’
The man sat down a few rows away. In a nearly empty and sterile, freezing cold Grand Bahama International Airport terminal with only a handful of early arrivals waiting for much later flights, it was hard not to make eye contact with the few lone folks who were already there, a mother and toddler, a few men who spoke in rapid staccato-like sounds like they were from somewhere far away, and this gentleman, middle-aged, laden with an encased guitar and assortment of backpacks and hefty hand luggage that indicated he had been around these parts for a while and was heading back to wherever he came from.
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Eric Wiberg – PBM Mariner seaplane sinks near Royal Island
ON the night of Wednesday, July 19, 1944, at Royal Island, North Eleuthera, Lt (jg) HL Hayes crashed while landing in a turbulent sea. No injuries to the personnel occurred, but both wing floats were torn off the plane and the starboard wing tip bounced on the bottom and finally sank in 20 feet of water. The plane was damaged beyond repair and was later surveyed.
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‘Economy’s turned’: Port targets $10m-plus profit
Nassau’s main commercial shipping port is targeting a 7 percent year-over-year increase to break the $10m profit barrier in 2024, its top executive asserting yesterday: “The economy has turned.”
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Just one SOE ‘can throw everything’
The Government yesterday unveiled policies to govern a near-$800m portfolio of loans and guarantees to state-owned entities, a senior official saying: “One transaction could throw everything awry.”
