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Gas dealer deal likely ‘by end of summer’
Financial Secretary Simon Wilson indicated on Tuesday that negotiations for a price margin increase with the gas retailers are progressing well and an agreement should be finalised by the end of summer.
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Payroll errors costing taxpayers near $120m
Salary and payroll errors are costing Bahamian taxpayers around $120m per year, the Government’s top finance official disclosed yesterday, as he blamed the wastage on too many systems that are not linked to each other.
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Albany developer charged on ‘brazen insider trading’
The Bahamas-based billionaire who spearheaded Albany’s development was yesterday charged with orchestrating a “brazen insider trading scheme” that allegedly netted millions of dollars in illicit profits for his closest associates.
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SPORTS NOTES
THE Royal Bahamas Defence Force, through its title sponsor Fidelity Bank, will hold its annual Fun Run/Walk Race on Saturday, starting at 6am from Goodman’s Bay.
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Roadrunners Track & Field blaze through an epic AAU
ANOTHER track and field season has come to an end with the Roadrunners Track & Field Club blazing their way through an epic performance at the annual AAU Club Championship in Orlando, Florida.
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Adrian Gibson’s trial delayed after PLP Protest
THE corruption trial of Long Island MP Adrian Gibson was delayed again after a protest by Progressive Liberal Party supporters caused the judge concern about how their activity could prejudice the case.
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Aruba goes home with the gold
ARUBA blanked Puerto Rico 11-0 to win the 12-and-under division of the Babe Ruth Caribbean Championship yesterday at the Baillou Hills Sporting Complex.
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Nassau flagship drives 1/3 of parent’s income
Nassau Cruise Port is being hailed as a flagship investment by its controlling shareholder with The Bahamas now accounting for almost one-third of its total group adjusted revenues and operating income.
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Bank stability at 7-year high on $400m profits
The Bahamian commercial banking sector’s stability hit a seven-year high in 2022, the industry’s regulator has revealed, as combined profits soared nearly 59 percent to just shy of $400m.
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Reforms to boost financial services industry flexibility
Reforms to two key corporate products will boost the Bahamian financial services industry’s competitiveness by enabling it to provide more flexible structures to clients, the Attorney General has charged.
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Court of Appeal rejects Adrian Gibson's constitutional motion
THE Court of Appeal rejected Adrian Gibson’s latest constitutional motion on Friday, paving the way for his corruption trial to begin on Monday.
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BPL: From ‘dramatic savings’ to sky-high bills in three years
Bahamas Power & Light (BPL) has gone from “dramatic savings” on its fuel costs that have been hailed by the Inter-American Development Bank (IDB) to sky-high electricity bills in just three years.
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AC challenges at Justice Centre ‘being addressed’
SUPREME Court Deputy Registrar Renaldo Toote said the air-conditioning challenges that prompted workers to walk out of the Garnet Levarity Justice Centre in Grand Bahama are being addressed.
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Temperature rise poses additional threat to sensitive coral reefs
CLIMATE change is causing heat that threatens the existence of coral reefs in the Bahamas.
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Food prices to ‘never return to pre-COVID’
The Retail Grocers Association’s president yesterday warned Bahamians that food prices will not return to pre-COVID levels and said: “The cost of operations is increasing all over the world.”
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Musicians hit at ‘second class citizens’ treatment
Bahamian musicians yesterday argued that they remain unemployed while foreign entertainers are permitted by the Government to work at major New Providence resorts.
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Opposition ‘to hammer’ Gov’t on BPL’s $110m
The Opposition’s leader has pledged to “continue to hammer” the Government over the accounting treatment it is using for the $110m loan advanced to Bahamas Power & Light (BPL) to pay off its fuel arrears.
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Security guard charged for possession of ammunition
A SECURITY officer was granted bail after he was accused of having almost 100 rounds of rifle ammunition in his home last weekend.
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BPL’s 71% cost hike branded ‘outrageous’
Private sector executives yesterday branded the 71 percent hike in Bahamas Power & Light’s (BPL) total energy costs as “outrageous” and “brutal”, with one saying: “I don’t know how businesses are surviving.”
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$700m external loan goal ‘looking very favourable’
The Government’s bid to raise almost one-third of its near-$2.2bn gross financing needs for the 2023-2024 fiscal year from external banks is “looking very favourable”, a senior official revealed yesterday.
