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The Bahamas’ top two life insurers downgraded

The Bahamas must “take concrete steps” to reverse the trend of sovereign credit rating downgrades after the country’s two largest life and health insurers saw their own financial strength assessments slashed as a result.

Grand Bahama electricity costs 40% below rest of Bahamas

Grand Bahama’s electricity costs will be 40 percent lower than Nassau’s and the rest of The Bahamas during the 2023 summer peak after the island’s utility locked in fuel costs at 12-14 cents per kilowatt hour (kWh).

NPSA Best of 5: Hitmen take Game 1

MANAGER Darren Stevens liked what he saw from his C&S Hitmen in game one of their New Providence Softball Association men’s best-of-five championship series at the Baillou Hills Sporting Complex on Saturday night.

Bahamian pro basketball players in Euro spotlight

BAHAMIAN pro basketball players across various leagues in Europe produced season highs in early season play for their new clubs.

Scheme aims to bring farming into the backyard

AGRICULTURAL Development Organisation has partnered with The Church Commercial Farming Group (TCCFG) to facilitate the backyard farming initiative.

Long Island cruise port build-out to hit $500m

The developer behind the planned Long Island cruise port has committed to employing a workforce that is a minimum 80 percent Bahamian for a project where the total investment could exceed $500m.

PM: ‘No concerns’ that businesses won’t cope

PRIME Minister Phillip “Brave” Davis said yesterday he had no concerns about small business longevity in the face of an impending light bill increase and now a newly announced higher minimum wage of $260 a week. Mr Davis said it was a step in the right direction.

Labour on the Blocks job fair to be held this weekend

OFFICIALS say the upcoming Labour on the Blocks job fair this weekend promises to be the “largest job fair ever”.

Isaacs and Hanna team up at Lake Eerie Crushers

A PAIR of Bahamian players are set to become teammates in the Frontier League after a series of trades by the Lake Eerie Crushers.

URCA promises ‘active review’ of BPL fuel hike

The energy regulator’s pledge that it has begun “an active review” of the up to 163 percent hike in Bahamas Power & Light’s (BPL) fuel charge was yesterday branded “critical” to its continued credibility.

‘Swimming against tide’ on $400k BPL bill hike

A local manufacturer is “swimming against the tide right now” with Bahamas Power & Light’s (BPL) fuel charge hikes set to increase its 2023 electricity bill by around $400,000 year-over-year to more than $1m.

Moody’s doubles down on ‘overly optimistic’ forecasts

Moody’s has doubled down on concerns that the Government’s Budget revenue forecasts are “overly optimistic” and that its debt servicing payments will be higher than projected due to the rise in global interest rates

Three-under-par Harris is champion

FOR the second tournament in a row, David Harris emerged as the champion of the Bahamas Professional Golf Tour.

NEW MOODY’S DOWNGRADE: Action taken over financing access fears

The Bahamas was last night urged to "move more urgently to rev the engine" after Moody's again downgraded the country's sovereign creditworthiness over fears its access to borrowing is being squeezed.

Gyms ‘may raise fees’ after BPL bills hike

THE looming increase in electricity bills will likely force some gym operators still recovering from COVID-19’s impact to consider raising membership fees or making other adjustments to help sustain operations, according to fitness stakeholders.

Peter Roker’s National Heroes Day charity challenge

BUSINESSMAN, fuel retailer and philanthropist Peter Roker, known as a pioneer in the Carmichael Road West community, is engaging in one of the biggest philanthropic challenges of his life this National Heroes Day. He will attempt to walk 248,160ft, or 47 miles around the entire island of New Providence in an effort to raise funds for three charities.

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