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Fears of $205m hit in BPL fuel hedge woe
Fears were raised yesterday that Bahamas Power & Light (BPL) customers could suffer a $200m-plus hit if the fuel hedging strategy that the Davis administration met in place was not renewed.
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Gov’t’s $206.5m deal with Goldman ‘speaks volumes’
The Ministry of Finance’s top official yesterday asserted that the Government’s $206.5m “repurchase” deal with Goldman Sachs “speaks volumes” to the credibility of its fiscal and economic plans.
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Blame all around over $535m BPL bond ‘gut’
The Opposition’s leader last night admitted “we’re not completely blameless” as he challenged the Government’s effort to “gut” Bahamas Power & Light’s (BPL) mammoth $535m refinancing,.
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HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS: Sears concedes Govt is concerned and special measures will be needed
PUBLIC Works Minister Alfred Sears said the government is concerned about the rise in gasoline prices at the pumps, adding some “extraordinary” measures will have to be considered and taken in response to an expected continued increase in fuel costs.
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‘Dumping BPL hedging deal may cost $200m’
FREE National Movement Leader Michael Pintard said the Davis administration must explain the status of Bahamas Power and Light’s hedging programme, saying the government’s tinkering with that contract could leave Bahamians facing higher electricity costs.
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Shadow over Olympians’ homes
RAMON Miller and Eldece Clarke-Lewis, Bahamian Olympic gold medalists, beamed with happiness yesterday as the government signed a $1.2m contract for the installation of infrastructure and development of Olympia Heights.
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Gov’t to invest $1.2m in righting athlete wrong
A Cabinet minister yesterday said the Government will invest $1.2m in installing infrastructure to the homes of ten Bahamian Olympic gold medallists.
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Cruise port handles ‘record’ six vessels
The Nassau Cruise Port yesterday handled a “record-breaking” six cruise ships that brought some 10,000 passengers to downtown Nassau and other New Providence-based attractions.
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Tourism moves on GB airfares
Tourism officials have already reached out to American Airlines over the relatively high airfares that are making Grand Bahama uncompetitive, Tribune Business was told yesterday.
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Law reforms to aid trading standards
Two key laws will be upgraded to enable The Bahamas to meet the standards set by rules-based trading regimes and agreements, it was revealed yesterday.
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Auditor General discloses ongoing co-operation woe
The Auditor General (AG) says the willingness of government ministries, departments and agencies to provide his staff with access to their files is still “not where we want it to be”.
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The peak of utter madness
Dear Prime Minister Davis and the Ministry of Foreign Affairs
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Top financial officer claims employee admitted stealing cash from company
A TOP financial officer at a local insurance company yesterday recounted how a former employee admitted to stealing thousands of dollars from the company after officials found several compromised deposit bags in her desk.
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Warning over coral plague
BAHAMIANS must “sound the alarm” and the government must take swift action to address stony coral tissue loss disease, a fast-spreading bacteria that is ravaging coral reefs throughout the country, says Waterkeepers Bahamas President Joseph Darville.
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Health system vulnerability a factor in easing restrictions
A LOCAL infectious disease expert says the vulnerability of the country’s public health system along with low vaccination numbers remain key determining factors regarding how far COVID-19 measures can be scaled back.
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‘No issues whatsoever’ on $2bn Gov’t roll over
The Ministry of Finance’s top official last night said he foresees “no issues whatsoever” over the Government’s ability to refinance $2bn in domestic debt coming due for repayment by June 2022.
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Hedging delay threatens to cost BPL’s consumers
Bahamas Power & Light’s (BPL) plan to raise its customer fuel charge by 30 percent with effect from yesterday did not happen because it was not approved by Cabinet, it was revealed yesterday.
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‘Reputation on chopping block’ over reefs threat
The Bahamas’ “reputation is on the chopping block” if it fails to immediately combat a new “pandemic” devastating the coral reefs relied upon by tourism and fisheries, activists warned yesterday.
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US urges ‘greater focus’ on gaming, money transmission
The US government yesterday urged The Bahamas to place “greater focus” on combating financial crime conducted via online gaming and money transmission services providers.
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CIBC loan deferrals decrease by $420m
Just $6m worth of loans remained in CIBC FirstCaribbean International Bank (Bahamas) COVID loan deferral initiative at end-October 2021 compared to $426m exactly one year earlier.
