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PM: Consumer Protection Bill will help ‘reimagine economy’
The Prime Minister yesterday said strengthened consumer protection laws are a key component in the Government’s plan to “reimagine the Bahamian economy”.
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Stop ‘beating dead horse’ over BPL fuel hedge row
A Cabinet minister yesterday urged the Opposition to stop “beating a dead horse” over Bahamas Power & Light’s (BPL) fuel hedging strategy and summer’s sky-high light bills.
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$600m Shipyard project set to boost GB investor confidence
The Grand Bahama Chamber of Commerce’s president yesterday said Grand Bahama Shipyard’s $600m dry dock ground-breaking should boost investor confidence in the island.
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Pintard denies Shell sidelined over engines
FNM leader Michael Pintard yesterday denied that Shell North America was sidelined during the selection process for new engines at Bahamas Power and Light (BPL) under the last administration.
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Minister ‘mischaracterised’ BPL’s $21m cost overrun
A Cabinet minister was yesterday accused of “mischaracterising” a review of Bahamas Power & Light’s (BPL) key generation investment by suggesting it had incurred a $21m cost “overrun”.
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Arawak port beats profit target by 18%
Nassau’s main commercial shipping port yesterday revealed it beat its full-year profits target for 2023 by some 17.7 percent or more than $1.4m compared to original forecasts.
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KFC industrial action halt with ‘historic’ deal
Industrial action by Kentucky Fried Chicken (KFC) staff has ceased, it was confirmed last night, after the franchise agreed to an “historic” deal that will more than double the lump sum payment initially offered.
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PM denies FTX gave Heat ‘court side’ seats
The Prime Minister’s spokesman last night refuted claims he received free “court-side seat” tickets from FTX and other hospitality perks in attending a Miami Heat basketball game.
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SHANTY DEMOLITION COUNTDOWN BEGINS: Social Services to help displaced Bahamians – not other nationalities
THE Ministry of Social Services will provide housing assistance to Bahamians facing eviction from the Kool Acres and All Saints Way shanty towns, where 162 illegal structures are set to be demolished starting Monday.
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DPM urges UN to take international tax control
The deputy prime minister yesterday renewed calls for a body such as the United Nations (UN) to oversee global tax issues as The Bahamas has been “playing catch up” with the OECD and Europe for too long.
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Gov’t ‘intentional’ over post-Dorian recovery
The deputy prime minister says Grand Bahama is now enjoying the highest percentage increase in airlift of any island as the Government has been “intentional” over the post-Dorian rebound.
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Multiple events to mark National MSME month
The Small Business Development Centre (SBDC) yesterday said it will stage multiple events throughout The Bahamas this month to highlight the importance of micro, small and medium-sized firms (MSMEs).
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BPL union presidents not visited ‘Station A’ in years
Bahamas Power & Light’s (BPL) line staff union leader yesterday said he has not been inside Clifton Pier’s ‘Station A’ power plant for years.
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PM told that BPL fuel hedge ‘in the money’
The Prime Minister was told Bahamas Power & Light’s (BPL) fuel hedge, which his administration has sought to discredit, was “in the money” even though fuel woes “substantially ate into the benefits”.
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Hitting near 3% growth to make ‘incredible difference’
Economic growth in the “upper 2 percent” range and above will make “an incredible difference” to The Bahamas’ economic prospects if achieved consistently, the Central Bank governor asserted yesterday.
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Minister: $21m ‘overrun’ on key BPL investment
A Cabinet minister yesterday asserted that Bahamas Power & Light’s (BPL) key generation investment has suffered a $21m-plus “cost overrun” while failing to deliver the promised efficiencies and savings.
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Mortgage loan approvals decline to under one-third
Less than one out of every three mortgage loan applications was approved in the 2023 first half despite total credit applications to the commercial banking sector increasing by 9.4 percent year-over-year.
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Digital payments ‘a train that is not going to stop’
The Central Bank’s governor yesterday said he is aiming to “leapfrog The Bahamas to an even better digital payments state” as he warned: “This is a train that is not going to stop.”
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Govt set on East Hill St for new Parliament
FOREIGN Affairs Minister Fred Mitchell said Cabinet has approved the creation of a new House of Assembly building, which will be located at the site of the old post office headquarters on East Hill Street.
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Police-involved killing of Garth Harrison ruled a justifiable homicide
THE family of Garth Harrison III was stunned after a Coroner’s Court jury ruled yesterday that the 24-year-old’s police-involved killing in 2019 was a justifiable homicide.
