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‘Future generations will say we did no favours’

COVID has worsened The Bahamas’ looming savings and retirement crisis, a pensions specialist warned yesterday, adding: “Future generations will say we did them no favours.”

Sunset Pilot member announced as Club Ambassador

THE Sunset Pilot Club of Grand Bahama has announced that Ms Toni Hudson-Bannister is the 2022-2023 1st PIFF (Pilot International Founders Fund) Club Ambassador.

URCA chief: ‘Much to do’ on better Internet access

THE Bahamas’ top communications regulator yesterday admitted there is “much work to do” on ensuring affordable, widespread access to broadband Internet and mobile data.

Old Fort Bay ‘torn’ by escalating fight

One of western New Providence’s most upscale communities is being “torn” apart through an escalating dispute triggered by demands that homeowners finance a 50 percent increase in security costs.

Shamar Burrows leads Tigers in final year

SHAMAR Burrows enters his final year of eligibility with the Dalhousie Tigers and looks to step into a leadership role as the programme pursues its fourth consecutive Atlantic University Sport title.

Residents react to rise in Grand Bahama Power fuel rate

THE announcement of a rate hike by the Grand Bahama Power Company was received with mixed reactions by some residents on the island.

COVID-19 sparked $200m private pension drawdown

Financially-stricken Bahamians drew down on more than $200m in private pension savings to ensure they survived COVID-19’s devastating economic impact, a financial executive revealed yesterday.

Bran: Medicine price controls are ‘back door’ VAT admission

The Democratic National Alliance’s (DNA) ex-leader yesterday slammed the imposition of price controls on the pharmaceutical industry as a “back door” admission by the Government that reimposing VAT on medicines was a mistake.

FACE TO FACE: Blindness is no barrier to Ervens when it comes to helping family

HE became the head of his household at an early age. The death of his parents not only placed some big responsibility in his hands, it left a void in his heart and the hearts of his siblings.

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.

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).

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.

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.

‘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.

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