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Banks must ‘clear runway’ on high loan delinquencies
The Central Bank’s governor yesterday agreed that commercial institutions must “focus on clearing the runway a lot more for new lending” by tackling loan delinquencies that exceed Caribbean and international norms.
BNBA wants govt to ensure the rights of breastfeeding mothers while on the job
THE Bahamas National Breastfeeding Association (BNBA) is urging the government to ratify United Nations Convention 183, which would ensure the rights of breastfeeding mothers while on the job.
NEW MOODY’S DOWNGRADE: Action taken over financing access fears
The Bahamas was last night urged to "move more urgently to rev the engine" after Moody's again downgraded the country's sovereign creditworthiness over fears its access to borrowing is being squeezed.
Gyms ‘may raise fees’ after BPL bills hike
THE looming increase in electricity bills will likely force some gym operators still recovering from COVID-19’s impact to consider raising membership fees or making other adjustments to help sustain operations, according to fitness stakeholders.
STATESIDE: Just how far can you push the rules and get away with it?
JOAN and her friend Marilyn were in her New York City kitchen, warding off the unseasonable chill outside with steaming mugs of coffee. They were talking about the world’s current number one bogeyman.
FRONT PORCH: Failure by political leaders to understand social dysfunction
THE violent crime ravaging New Providence continues unabated. Political leaders and law enforcement are seemingly incapable of offering workable strategies to combat the rate of murder and other crimes.
Bain and Grants Town community react to BPL bills increase
RESIDENTS of the Bain and Grants Town community are in uproar after Prime Minister Phillip “Brave” Davis announced that Bahamas Power and Light will be increasing its monthly fuel charge in response to rising fuel costs.
Office of the Prime Minister explains BPL action
IN the wake of criticism about increases to Bahamas Power and Light bills, the Office of the Prime Minister released a statement last night explaining why the course of action was taken.
Sands: Govt has taken their eyes off the ball
WITH Bahamas Power and Light bills set to rise, Free National Movement Chairman Dr Duane Sands called on the Davis administration to be less “distracted” and more considerate of the Bahamian public.
Fusion braced for $400,000 electricity costs increase
FUSION Superplex is bracing for an increase of more than $400,000 in electricity costs due to Bahamas Power and Light’s bill hike, with its chief executive officer telling this newspaper the triple blow of higher electricity prices, increased food costs and an expected rise in employment wages has been known to “close down businesses”.
Sears: BPL ‘is on the precipice of financial fallout’
WITH Bahamas Power and Light on the “precipice of financial fallout”, there was no room to defer increasing the fuel surcharge, resulting in higher electricity bills for consumers, Public Works Minister Alfred Sears said yesterday.
‘Buddy’ Hield and Pacers rout Kai, Hornets 122-97
CHAVANO “Buddy” Hield and Kai Jones went head-to-head as the NBA preseason continued last night.
ALICIA WALLACE: A challenge we still have a long way to overcome
OCTOBER was declared Domestic Violence Awareness Month in 1989. Thirty-three years later, people know domestic violence exists. In The Bahamas, the general sentiment is domestic violence - in most cases, is wrong.
Residents have their say on BPL bill rise
SOME local residents, merchants and consumers are calling the new government approved increase in electricity at Bahamas Power and Light “foolishness”.
BPL eyed 58% lower costs than fuel hike
Bahamas Power & Light (BPL) was on target to lock-in fuel costs “through March 2024” that were up to 58 percent less than the skyrocketing increases unveiled by the Government yesterday, documents have revealed.
PM: I wanted to hold off longer over BPL
The Prime Minister yesterday admitted he had wanted to hold-off on up to 163 percent increases in Bahamas Power & Light’s (BPL) fuel charge for longer to give struggling Bahamian families more time to rebound from COVID-19.
‘Why up to 163% BPL fuel price hike as oil costs fall?’
Questions were raised yesterday as to why Bahamas Power & Light (BPL) is proposing to increase its fuel charge by up to 163 percent at a time when global oil prices are starting to decline from their March 2022 peak.
Hotels fear BPL hikes set to ‘derail’ rebound
Bahamian hotels yesterday warned that Bahamas Power & Light’s (BPL) planned fuel charge hikes of up to 163 percent have caused “outright anxiety” in the sector and could “derail” the post-COVID return to financial viability.
FNM Leader: ‘Significant blunder’ at BPL by govt
FREE National Movement Leader Michael Pintard said the Bahamian people will now have to pay the bill for the “significant blunder” at Bahamas Power and Light by the government with respect to the fuel hedging that was put in place by the previous FNM administration.
BPL BILLS HIKE: PM announces move due to rising fuel costs
PRIME Minister Phillip “Brave” Davis announced yesterday that Bahamas Power and Light will be increasing its monthly fuel charge in response to rising fuel costs, with the rate increase set to be reflected in consumers’ electricity bills beginning November.
