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10-15% alternative energy penetration within next decade
RENEWABLE energies could penetrate between 10-15 per cent of Bahamian homes and businesses within the next decade, a local provider telling Tribune Business yesterday that consumers were receiving "payback" on his company's solar water heaters in "less than a year".
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GB Power solar rates '30% below Caribbean'
Grand Bahama Power Company says the solar power rate it has obtained from independent energy providers (IPPs) is "30 percent less than what you see elsewhere" in the Caribbean.
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Residents welcome move to improve street lights
FRANKLIN McMinns, a resident of Bain Town, says he feels safer as a result of The Royal Bahamas Police Force’s partnership with Bahamas Power & Light that aims to improve streetlights throughout the community to combat crime.
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Banks battle ATM cheats
IN the wake of a $72,000 ATM skimming scheme uncovered earlier this month, Central Bank Governor John Rolle said yesterday commercial banks are working to make their electronic platforms “safer.”
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‘Successful start’ but T-Notes miss first $150m target
The Government’s financial advisers believe its new Treasury Note debt security has enjoyed “a successful start”, despite the first-ever offering raising just two-thirds of the $150 million target.
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Baha Mar’s foreign creditors to get ‘3-4 cents on dollar’ offer
Baha Mar’s remaining foreign creditors will likely receive an offer this week to pay them “three-four cents on the dollar”, the claims committee’s chairman revealed yesterday.
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Atlantis occupancies at 50% as virus bites
Atlantis yesterday revealed that normally-buoyant occupancy levels for the peak winter period have fallen to 50 percent as “tourism and commerce grinds to a halt” amid the coronavirus pandemic.A spokesperson for the Paradise Island-based mega resort
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S&P: Bahamas to shrink by 16%
Standard & Poor’s (S&P) last night forecast that the Bahamian economy will shrink by an “unprecedented” 16 percent in 2020 as it further downgraded this nation’s sovereign creditworthiness.
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Benchmark chief: SEC deal talks ‘not over yet’
A BISX-listed company’s principal yesterday warned “it’s not over yet”, even though his two-year legal battle with US federal regulators has taken another step towards resolution.
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Data Protection chief’s 20-fold complaints rise
THE Data Protection Commissioner has seen a near 20-fold increase in the number of complaints since she took the post two years ago, with her office now preparing to investigate the hacking of a Bahamian bank’s website.
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Over 4,400 VAT applications in as deadline looms
The Government last night said it had received 4,417 Value-Added Tax (VAT) registration applications with just hours to go before deadline, amid private sector predictions that between 70-75 per cent of mandatory registrants would be in compliance.
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BPL chair touts 40% outage fall
Bahamas Power & Light's (BPL) chairman yesterday pledged that it will be half-way towards its renewable energy targets by end-2025 as he hailed a 40 percent-plus drop in electricity outages.
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Three-year 'VAT credit' to boost Family Islands
The government is being urged to use a three-year system of VAT credits to rescue Family Island businesses and encourage investment by their owners in a bid to revive these economies post-COVID-19.The proposal is contained in documents submitted to t
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Enough of ‘pie in the sky’ promises
Long Island has had enough of “pie in the sky” promises, its chief councillor said yesterday, describing “appalling” health clinics and “hanging my head in shame” over the lack of tourist facilities.
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PM optimistic on economy
WITH the Government on track to meet fiscal targets, Prime Minister Perry Christie yesterday presented an “optimistic” forecast for the country’s economic recovery as he outlined the progression of foreign direct investment projects and related opportunities for employment across the country.
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VAT's invoice liability 'accounting nightmare'
The Government has been urged to avoid an “accounting nightmare” and rethink plans to make Value-Added Tax (VAT) registrants liable to pay the tax once a customer is billed.
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‘Sooner the better’ over BPL base rate increase
Bahamas Power & Light’s (BPL) chief executive yesterday warned the utility’s base tariff rate must ultimately increase to offset “diminished returns”, adding: “The sooner, the better.”
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‘Enormous confusion’ over hotel gratuities
“Enormous confusion” exists even among hotel union members over whether industry employers want to eliminate or alter the automatic 15 percent gratuity, Tribune Business was told yesterday.
