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Public sector debt drops $93m during first quarter
Total public sector debt fell by $93m during the first quarter of the 2023-2024 fiscal year, it was disclosed yesterday, cutting it slightly from its June peak as the foreign currency share fell by 1.5 percentage points.
Witness accused of wrong calculations in Gibson trial case
A SENIOR manager of the Water and Sewerage Corporation (WSC) denied a defence attorney’s suggestion yesterday that she made the wrong calculations when estimating the cost of painting WSC tanks.
‘Non-controllable’ cost surge blocks bank matching 2022
Commonwealth Bank believes it would have come close to matching 2022’s “extraordinary” nine-month profitability had it not been for $3m in new Business Licence fees and utility costs “more than doubling”.
Baha Mar Hoops: Hurricanes clinch men’s title
THE University of Miami Hurricanes made their short trip to the Bahamas a memorable one at the Baha Mar Hoops Bahamas Championships yesterday in the Baha Mar ballroom.
Sports Notes
THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.
DIANE PHILLIPS: Swimming - when sport becomes survival
IN the darkness of pre-dawn, when most of us are pulling the covers over our heads finding a perfectly good excuse to snuggle right where we are for a few more minutes, Percy Knowles is preparing for his morning routine, the same as he has done for decades.
Long Island developers hope for ‘quick’ approvals
Two developers targeting Long Island’s former Diamond Crystal plant with separate eco-tourism investments yesterday voiced optimism that the required approvals will be processed “very quickly”.
DPM wants Long Island airport opening this term
The deputy prime minister yesterday said he “fully expects to cut the ribbon” for the opening of Long Island’s new international airport before the Davis administration’s term in office ends in 2026.
BPL hit by three-fold ordering time jump
A Bahamas Power & Light (BPL) executive yesterday urged new developers to inform it of their energy needs as rapidly as possible given that it now takes three times’ as long to order key parts.
Police Chief ‘will search for files’ in Nygard probe
POLICE Commissioner Clayton Fernander said he will search for the investigation files concerning complaints women in The Bahamas made about Peter Nygard to see why charges were never brought against the former fashion mogul.
Memphis in town for Battle 4 Atlantis
THE Memphis Tigers women’s basketball team, through their connection with Bahamian Olympic and world champion Shaunae Miller-Uibo, took advantage of their free day before the start of the Battle 4 Atlantis Tournament to host a basketball clinic for some of the local high school players.
STATESIDE: America’s 2024 political campaign began this week
THE last general election is over. The results were consistent with 2022, 2021, 2020 and 2018, inasmuch as they represented a gradual but discernible movement away from the MAGA echoes of the Republican-aligned Tea Party movement of the 1990s. These election results also seem to indicate that voters are tiring of the chaos that always seems to surround Donald Trump, even if they very fondly remember the nation’s prosperity while he was president.
Complaints of slow process at advance poll for West Grand Bahama and Bimini by-election
VOTERS arrived early and queued despite inclement weather yesterday as the advance poll took place for the West Grand Bahama and Bimini by-election.
‘Full probe’ demand on WSC chair resignation
The Opposition’s chairman last night demanded “a full investigation” into the resignation of the Water & Sewerage Corporation’s executive chairman, asserting: “You’ve opened the box so let’s see what’s in it.”
Pilot ‘cannibalisation’ fear on Bahamasair
Private Bahamian airlines fear they will be “cannibalised” by Bahamasair poaching their best pilots to ease its cockpit shortage amid the ongoing impasse over raising the retirement age to 65.
‘Companies awarded contracts were not approved contractors’
A SENIOR manager of the Water and Sewerage Corporation (WSC), who claimed to be related to Adrian Gibson, testified that the companies awarded contracts to paint water tanks when Mr Gibson was executive chairman were not on the corporation’s approved contractor list nor known to engineers.
British Colonial ordered to pay former hotel employee over $6,000
THE Industrial Tribunal ordered the British Colonial Hotel to pay a woman $6,399.49 after finding that she was wrongfully dismissed and deserved additional vacation pay and accrued Christmas bonus.
ArawakX directors stay in control of BOB battle
The Chief Justice has allowed ArawakX’s principals “to maintain conduct and control” of the legal battle with Bank of The Bahamas over the latter’s six-month freezing of all their accounts.
Delay dividends to give bigger payout, BOB told
Bank of The Bahamas should have waited to pay a more substantial dividend than its recent one cent per share declaration after a 49.6 percent jump in profits, an investor argued yesterday.
Wendy’s PI approval ‘void’ on land use plan absence
Atlantis and other major resorts yesterday sought to overturn the approval granted to Wendy’s and Marco’s Pizza by branding it “void” due to the absence of a land use plan for Paradise Island.
