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Pension shake-up over $3.5bn hole
PENSIONS for thousands of Bahamian public sector workers are poised for a major shake-up in a bid to tackle “alarming” unfunded liabilities that could impose a $3.5bn burden on taxpayers come 2030.
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GoFundMe seeks to help family after murder of former MP Saunders
THE FAMILY of Don Saunders is seeking to raise over $300,000 to pay off his housing debts and support his grieving wife and teenage children.
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‘You can’t be ungrateful’ over 25 cent bus fare rise
TRANSPORT and Energy Minister JoBeth Coleby-Davis told bus drivers at a hall meeting last night “you can’t be ungrateful” over the 25 cent rise in adult bus fares.
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Fraud issues behind Finco’s $500 ATM daily limit
ROYAL Bank of Canada’s (RBC) BISX-listed mortgage financier has this week imposed $500 daily automated teller machine (ATM) withdrawal limits in a bid to better protect customers from fraud.
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Gov’t u-turn on Nassau solar bidding deadline
THE Government has performed a u-turn over the deadline by which all bids on the New Providence renewable energy and microgrid project must be received, it can be revealed.
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‘Public protest’ not enough to overturn planning approvals
PLANNING authorities yesterday modified the approvals granted to Wynn Development’s 14-storey Goodman’s Bay penthouse while ruling that “public protest” is not sufficient to overturn prior decisions.
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NIB’s $240m loss at COVID’s peak
COVID-19 has left the National Insurance Board (NIB) facing an “uphill lift” to recovery after plunging the nation’s social security system into a $240m loss at the pandemic’s peak.
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Gov’t and Opposition fight on GDP growth
THE Government and Opposition yesterday battled over what real GDP growth that fell below expectations for 2023 means for The Bahamas’ short-term economic prospects.
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Bahamas approved for $60m ‘blue economy’ credit facility
THE Bahamas is gaining access to a $60m credit line targeted at micro, small and medium-sized businesses (MSMEs) in the so-called ‘blue economy’ in a bid to boost sustainable development.
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GB $15m solar project in end-April commissioning
THE contractor charged with building and operating a $15m utility-scale solar project on Grand Bahama yesterday said the site will be commissioned at end-April 2024.
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‘VJ’ Edgecombe and Donovan Freeman fall to east 88-86
BAHAMIANS Valdez “VJ” Edgecombe and Donovan Freeman took the court for the 2024 McDonald’s All-American Game at the Toyota Center in Houston, Texas on Tuesday.
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PI crown land battle will go to privy council
THE Bahamian entrepreneur aiming to restore Paradise Island’s lighthouse has “every confidence we will succeed” as he bids to take his long-running battle with the Government before the Privy Council.
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Up to 25 years jail for gang members in proposed law
LONG-AWAITED anti-gang legislation was tabled in the House of Assembly yesterday - with gang members facing up to 25 years in prison.
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Environmental concerns over Abaco barge stuck on reef
A BARGE that encountered bad weather last week and ended up stuck on a reef in the Man-O- War Channel has sparked environmental concerns from the Bahamas National Trust (BNT) and Abaco residents.
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Mitchell: Disclosures ‘none of your business’
FOREIGN Affairs Minister Fred Mitchell said he was “irritated” about journalists contacting him about whether he had met the deadline for public disclosures, saying he thought “none of your business” in response to questions on the matter.
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Six straight: Team Bahamas wins 2024 CARIFTA Swimming Championships
As expected, Team Bahamas completed its dominance of the 2024 CARIFTA Swimming Championships with its sixth consecutive victory and the eighth out of the past nine titles. Mission accomplished.
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Bahamasair teams with TSA for faster security screening
Bahamasair says it has partnered with the Transportation Security Administration (TSA) to provide more efficient and seamless security processing for passengers flying to and from the US.
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FOCOL targets wide growth in ‘preparing for the next 50 years’
FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”
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Resorts ‘meet or exceed’ Easter tourism targets
Bahamian resorts were yesterday said to have met or exceeded their Easter performance targets and are expecting a strong 2024 second quarter.
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Bakery reveals record Easter hot-cross sales
A Bahamian bakery yesterday revealed it enjoyed its best Easter to-date by selling just under 600 dozen homemade hot cross buns.
