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BPL’s ‘15%’ mega hotel dilemma on renewables
Bahamas Power & Light’s (BPL) former chief executive warned it cannot afford for the country’s two largest mega resorts to convert entirely to renewable energy because it would lose 15 percent of its revenues.
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‘Absolutely essential’: Gov’t urged to disclose bid awards
Governance reformers yesterday said it was “absolutely essential” that the Government immediately start publishing details of public sector contract awards as mandated by law to “build trust” in the new procurement system.
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Private sector credit shrank 20% pts of GDP pre-COVID
The Bahamas’ low pre-COVID economic growth coincided with bank credit to the private sector contracting by the equivalent of 20 percentage points of GDP, an international rating agency has revealed.
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How much did Bermuda trip cost? Sorry, we don’t know
PRESS secretary Clint Watson admitted yesterday that the full cost of Prime Minister Philip “Brave” Davis’ trip to Bermuda last week is still not known and he was unable to say how much money was spent on hotel accommodations, transportation, food, per diem and other trip-related elements.
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‘We need justice over prison death’
A RELATIVE of a mentally ill man who died in hospital this week, two weeks after a prison fight, is calling for justice and accused correctional officers of not paying attention to the inmates the night the attack occurred.
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Retailers offer 10% ‘free’ food top-up plan
Bahamian food retailers have proposed a joint venture with the Ministry of Social Services where they will provide a 10 per cent ‘free’ food top-up targeted at “the most vulnerable among our Bahamian brothers and sisters”.
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Pintard: Gov’t had ‘enough meat’ over BPL fuel hedge
The Opposition’s leader yesterday charged that key policymakers in the Davis administration were given “sufficient meat” to understand the fall-out if the trades underpinning Bahamas Power & Light’s (BPL) fuel hedge were not executed.
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NCAA men’s golf tees off today at Ocean Club
NCAA golf continues its calendar of events in The Bahamas with the men’s division of the White Sands Series. Hosted by Virginia Commonwealth University at the Atlantis resort’s Ocean Club Golf Course, the 12-team field will tee off today to begin the 54-hole event.
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Pro basketball players stand out in Spain, Balkans
In Spain, Danrad Knowles makes his debut in a new league while Lashann Higgs becomes her team’s leading scorer and in the Balkans, Zane Knowles averages a double double and Kentwan Smith’s defence stands out.
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OECD shouldn’t have failed Bahamas over ‘one element’
THE BAHAMAS argued in vain to the Organisation for Economic Co-Operation and Development (OECD) that it should “not fail the entire test on one element” of tax information exchange, a Cabinet minister disclosed yesterday.
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EDITORIAL: Our public servants deserve better
WHEN Police Commissioner Clayton Fernander took up his post, one of the first things he addressed was the vacation leave he was forced to take under the Minnis administration.
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Fuel hedge to save $55m, BPL chief informed minister
Bahamas Power & Light (BPL) was on track to save its customers more than $54m over the 18 months to January 2022 if its controversial fuel hedging initiative was followed, a Cabinet minister was informed.
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‘Devil in the detail’ over NHI reforms
Doctors and private health insurers yesterday appeared to be caught off-guard by the Government’s tabling of National Health Insurance (NHI) reforms in the House of Assembly, with one saying: “The devil’s in the details.”
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Gov’t in near-$40m deficit for August
The Government incurred a near-$40m deficit during August 2022 as it reclassified almost $35m of revenues earned in July as VAT, Ministry of Finance data released yesterday revealed.
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VAT lift on power bill ‘insignificant’
FREE National Movement leader Michael Pintard said the government’s amendment to the Value Added Tax Bill to increase the VAT-free ceiling on Bahamas Power and Light bills from $300 to $400 is “insignificant”.
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Mitchell says goalposts shifting on tax
DESPITE the notion that Caribbean countries with competitive tax regimes are robbing European countries of revenue, Foreign Affairs Minister Fred Mitchell said the evidence shows the opposite of this is true.
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Darville tables new NHI Bill in Parliament
HEALTH and Wellness Minister Dr Michael Darville yesterday tabled the new National Health Insurance Bill 2022, which once passed will repeal the NHI legislation of 2016.
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LPIA advertising deal comes under scrutiny
Nassau airport’s top executive yesterday rejected concerns that the selection of its new advertising partner could run afoul of both the multi-million dollar contract’s bid requirements and the National Investment Policy.
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Davis: We’re looking at action on shanty towns
PRIME Minister Philip “Brave” Davis said his administration is looking at how best to deal with the shanty towns in Abaco that are not covered by an existing court injunction, adding demolition was among the options that can be taken.
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Motorsport mania
Team Bahamas is poised to make history for the local development of the sport when they compete in the 2022 International Automobile Federation (FIA) Motorsport Games.
