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Customer’s 20-year ‘concrete block’ to Water Corp cut-off
THE Water & Sewerage Corporation gave $5.9 million back to consumers over 21 months, while one delinquent customer “blocked meter access” with concrete to enjoy uninterrupted supply for 20 years.
Clubs and societies 02242017
Antique Auto Club. - Shawn Thomas was elected Assistant Secretary in the Club’s recent election. Shawn joined the Club in September, 2010, shortly after attending the Kiwanis Club’s Antique Auto Show and Cook-out, where she met some of the members of the Antique Auto Club. Since joining she has been active in all facets of the Club and very supportive when asked to assist with anything.
Central Bank: Less Govt leanding to slash liquidity
THE Central Bank will gradually reduce its lending to the Government to help address the potential risk posed by $1.737bn in excess commercial bank liquidity, its governor has revealed.
The time is now
1. The now is here
VAT hike to offset WTO tariff slashes
The Deputy Prime Minister yesterday confirmed that the VAT rate increase’s medium-term goal is to offset revenue loss stemming from WTO-related import tariff cuts.
DNA: Go beyond 'semantics' in developing OECD counter
The Democratic National Alliance (DNA) yesterday urged the Government to go beyond the “semantics” of whether The Bahamas was “blacklisted” in the targeting of its economic permanent residency regime.Arinthia Komolafe, pictured, the party’s deputy le
Conch alert after cases of suspected poisoning
FOOD safety officials are cautioning against the consumption of fresh conch after several suspected cases of conch poisoning.
Tourism minister ‘anxious for end to quarantines’
A Cabinet minister says he is “anxious to get rid of quarantines and curfews”, adding that this is having an impact on the ability of Bahamian hotels to jumpstart their lucrative group travel business post-COVID.
Insurer: Dorian causes largest vehicle losses
Bahamas First says Hurricane Dorian’s devastation caused its “largest motor vehicle” loss ever with 538 claims producing gross losses of more $6m in that business category.The property and casualty insurer’s 2019 annual report adds that while most of
Insurer’s $5m payout to boost equity return
A Bahamian insurer will “significantly reduce our cost of capital” by redeeming $5m in preference shares as it awaits regulatory approval to acquire an agency owned by one of its main shareholders.
Ayton posts double double in loss
DEANDRE Ayton recorded his 14th double double of the postseason but the Phoenix Suns lost their third consecutive game of the NBA Finals and now face elimination for the first time in the 2021 Playoffs.
Thomas joins Roc Nation Sports roster
TAHNAJ Thomas became the second Bahamian baseball prospect to sign with one of the fastest rising sports agencies in America.
‘Buddy’ Hield scores nine, Knicks rout Kings 140-121
NEW YORK (AP) — Immanuel Quickley scored 18 of his 25 points in the first half, and Julius Randle had 21 points and 14 rebounds to power the New York Knicks to a 140-121 win over the Sacramento Kings last night.
Exigency order for bottled water, clothes, food, hygiene products
FOR the next 30 days, bottled water, clothing, food for personal consumption and personal hygiene products will be duty and value added tax-free for persons and businesses importing these items as donations to registered charities.This is according t
Local cruise port buy-in when 'we have something to show'
Bahamians will get the opportunity to own a piece of Nassau's new $268m cruise port in the 2021 second quarter once tangible progress is made on its redevelopment, it was disclosed yesterday.
Local cruise port buy-in when 'we have something to show'
Bahamians will get the opportunity to own a piece of Nassau's new $268m cruise port in the 2021 second quarter once tangible progress is made on its redevelopment, it was disclosed yesterday.
'Stability' concern on NIB's $100m COVID drawdown
The Central Bank has voiced confidence that COVID-19 will not produce a 'bad loan' blow-out to match the $1.2bn credit arrears peak caused by the 2008-2009 global recession.
Gov't 'front loading' aid for reserves
The Central Bank yesterday said the Government's "front loaded" foreign currency borrowing meant the expected decline in The Bahamas' external reserves will be "delayed" until 2021.
GB Power demand 10% ‘below normal’
Demand for Grand Bahama Power Company’s (GBPC) electricity is down 10 per cent below normal levels, with its majority shareholder not anticipating a recovery before 2018.
PM: It is easy to 'piss away' funds
WHILE some observers continue to criticise the Christie administration over the way it handles government revenue, Prime Minister Perry Christie admitted yesterday that it could be easy to “piss away” public funds.
