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PM: 'Smell is rotten' on BPL's Wartsila purchase
The Prime Minister yesterday blasted that "the smell is rotten" as he and his predecessor resumed House of Assembly battle over whose administration is responsible for Bahamas Power & Light's (BPL) dire state.
Baha Mar invests $2m into environmental sustainability
Baha Mar executives yesterday said the Cable Beach mega resort has invested more than $2m in conservation and sustainability initiatives to help attract environmentally-conscious guests.
Arawak Cay chief eyes 'second Fish Fry' plans
The Arawak Cay Association’s president yesterday revealed he is considering the development of a second Fish Fry destination at South Beach to cater to growing communities near that area.
Gas dealer deal likely ‘by end of summer’
Financial Secretary Simon Wilson indicated on Tuesday that negotiations for a price margin increase with the gas retailers are progressing well and an agreement should be finalised by the end of summer.
Bahamas Mangrove Alliance sets goal to plant millions of mangroves by 2025
AS World Mangrove Day is celebrated today, a Bahamian alliance has announced a goal of putting “millions of mangroves in the ground” by the end of 2025.
Insurers fear ‘hardship’ over 35% blacklist capacity threat
Bahamian insurers yesterday warned they, and thousands of businesses and homeowners, will face “tremendous economic hardship” if 35 percent of reinsurance capacity is lost by The Bahamas failing to escape Europe’s tax blacklist.
Retail savings bond in ‘final approval stages’
The Central Bank is “committed” to launching a product designed to foster a greater “savings culture” among Bahamians before year-end 2023, its governor affirmed yesterday, with approvals “in the final stages”.
Payroll errors costing taxpayers near $120m
Salary and payroll errors are costing Bahamian taxpayers around $120m per year, the Government’s top finance official disclosed yesterday, as he blamed the wastage on too many systems that are not linked to each other.
‘Quality new credit’ hard to find with $127m drop
Fidelity Bank (Bahamas) says the more than $127m collective decline in outstanding mortgage and consumer loans during 2022 shows “quality new credit” and borrowers will be tough to find despite the economy’s rebound.
So much for transparency and accountability
THE words of Margaret Mead come to mind as we sit to pen this editorial.
Albany developer charged on ‘brazen insider trading’
The Bahamas-based billionaire who spearheaded Albany’s development was yesterday charged with orchestrating a “brazen insider trading scheme” that allegedly netted millions of dollars in illicit profits for his closest associates.
SPORTS NOTES
THE Royal Bahamas Defence Force, through its title sponsor Fidelity Bank, will hold its annual Fun Run/Walk Race on Saturday, starting at 6am from Goodman’s Bay.
Aruba captures another gold as Babe Ruth Caribbean Championships close
ARUBA added the 16-under title to the 12-under crown as they out-duelled Puerto Rico in the two matches as the Babe Ruth Caribbean Championships came to a close on Monday.
Roadrunners Track & Field blaze through an epic AAU
ANOTHER track and field season has come to an end with the Roadrunners Track & Field Club blazing their way through an epic performance at the annual AAU Club Championship in Orlando, Florida.
Easy to fix issues at LPIA
I have concluded, perhaps disgruntedly, that there is something broken in the Customs process at LPIA
PETER YOUNG: Travelling is great, but ‘oh so nice to wander back’
Legendary American entertainer Frank Sinatra famously sang about how nice it was to go travelling but that it was “oh so nice to wander back”. With that in mind, what a pleasure it is to be in harness again today with my weekly column after a short absence while on a visit to England to catch up with family and friends. It is easy to see what he meant. Despite the pleasure of a three-week trip it is good to be home again and back in the old familiar routine.
FACE TO FACE: Bahamian Diaspora Awards celebrate the story of our people around the globe
BAHAMIANS are known for leaving indelible marks wherever they go. Amazing stories of Bahamians who are excelling in various fields and making a positive impact in their communities come from every corner of the globe.
Super Value in halt over ‘reached the limit’ orders
Super Value will stop buying products whose prices have “reached the limits” of Bahamian affordability, its owner disclosed yesterday, while revealing that soaring energy bills have “siphoned off 5 percent of our sales”.
Insurance cuts ‘false economy’ despite 26-year high premiums
Bahamian homeowners and businesses have been warned that cutting, or dropping, property catastrophe coverage will be “a false economy” in the face of 26-year record-high insurance costs.
Fidelity chief’s ten-point plan to $50m profitability
Fidelity Bank (Bahamas) president has set out what he describes as a ten-point plan to seizing market share and more than doubling annual profits to $50m by its 50th anniversary.
