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Grand Bahama Power ‘very advanced’ on 20MW solar installation

Grand Bahama Power Company is “at a very advanced stage” in formalising four separate projects that will collectively provide 20 Mega Watts (MW) of solar generation capacity for the island’s grid.

Card spending rose 57% during COVID

Credit card spending in The Bahamas increased by 57 percent year-over-year during the peak of the COVID-19 pandemic as consumers transitioned to digital and online payments, a survey has disclosed.

Plane goes off runway

THE Air Accident Investigation Authority yesterday reported an incident involving a Flamingo Air Beech 99 aircraft, registration C6-OFM.

Bahamas 15th in region for COVID-19 deaths

THE Pan American Health Organisation’s Health in the Americas country profile has revealed The Bahamas ranked 15th in the region for the number of COVID-19 released deaths from 2020 and 2021.

Bahamas’ ‘rosy picture’ not making the grade

A top insurer was yesterday “hoping and praying” The Bahamas can reverse its continual downgrades despite the Government’s “rosy picture” of its fiscal and economic standing failing to convince the rating agencies.

Businesses blast Grand Bahama Power fuel charge hike

GRAND Bahama Power Company’s (GBPC) impending fuel charge increase was yesterday branded “disgraceful” by one businessman although the move came as little surprise.

No sanctions over price control ‘death warrant’ execution

The Government last night backed down from imposing sanctions on food retailers and pharmacists who fail to enact the expanded price control regime - which one branded “a death warrant” - by today’s deadline.

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).

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.

‘Challenge to survive’ even on $260 minimum wage

DESPITE the government raising the country’s minimum wage to $260, some yesterday argued that the challenge to survive remains.

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.

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