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Just one SOE ‘can throw everything’
The Government yesterday unveiled policies to govern a near-$800m portfolio of loans and guarantees to state-owned entities, a senior official saying: “One transaction could throw everything awry.”
Bahamas among most exposed to Ukraine war
The Bahamas must brace for multiple economic “uncertainties” over the next 12-18 months, a governance reformer warned yesterday, after it was named among the eight Western Hemisphere states most vulnerable to the Ukraine war.
GB Power findings dismissed as ‘fluff’
A well-known retailer locked in a Supreme Court battle with the Grand Bahama Power Company (GBPC) yesterday dismissed the report on its metering/billing practices as “fluff” and a whitewash, although he and the island’s major industrial players would accept a one-third reduction in electricity rates.
Robinson wins Bahamas Professional Golf Association’s Korn Ferry Qualifier
BOOKS ANOTHER TRIP TO THE GREAT EXUMA CLASSIC
DEVAUGHN Robinson booked another trip to the Great Exuma Classic by winning the Bahamas Professional Golf Association’s Korn Ferry Qualifier by five strokes on Monday at the Ocean Club Golf Course on Paradise Island.
Symonette and Speaker clash
HOUSE Speaker Halson Moultrie’s advocacy for greater parliamentary independence sparked a tense exchange in the House of Assembly yesterday involving St Anne’s MP Brent Symonette, who suggested Speaker Moultrie impinged on his independence by directing him to support his agenda.
Oil spotted in ocean off Abaco
OIL has been spotted in the ocean near Abaco and may have impacted parts of the coastline, days after an oil spill occurred in Grand Bahama.Equinor, which operates the South Riding Point storage and transshipment terminal in Grand Bahama, said the so
Marinas: 'Comeback' swift despite 70% market loss
The Marina Association of The Bahamas (MAB) president yesterday voiced optimism the sector will see a swifter "comeback" than other tourism segments despite missing 70 percent of its market.
Breanna slipped twice - then they attacked
A 14-year-old boy yesterday testified how a car full of girls nearly ran him over in their haste to ultimately stab and beat to death teenage mother Breanna Mackey over an $80 cell phone last year.
‘Highly probable’ most of $900m tax debts seized
The Ministry of Finance’s top official yesterday said the Large Taxpayer Unit is “just the start” of major reforms as he revealed it is “highly probable” much of $900m in past due taxes will be collected.
Bank fee moans? It’s your ‘own damn fault’
The Central Bank’s top inspector yesterday said he had little sympathy for those complaining about bank fees since it was their “own damn fault if they are too lazy to switch” to online banking.
WORLD VIEW: Rethink full membership of CARICOM to make it effective
Almost 80 years ago, Jamaica’s Norman Manley asked a question that has been echoing throughout the 12 independent English-Speaking Caribbean countries that form the Caribbean Community (CARICOM).
AG: ‘False parallel’ over web shop tax EU fears
The attorney general yesterday slammed as a “false parallel” suggestions that the web shop industry’s tax hikes will violate the European Union’s (EU) anti-tax evasion demands.
INSIGHT: The Abaco tragedy tells us it’s time for the gloves to come off
TRAGEDY struck as a vessel carrying more than 80 Haitian immigrants attempting to illegally enter The Bahamas shipwrecked in waters off Abaco. With the death toll up to 31 and only 18 of the migrants on this journey reported rescued, the number of fatalities seems certain to increase as search and rescue efforts continue for another 34 passengers still missing.
Bahamas needs extra 200 air traffic controllers
AN extra 150-200 air traffic controllers are needed to provide proper air traffic service throughout The Bahamas, their union head yesterday expressing concern over whether there would be sufficient manpower to deal with the increased flights generated by Baha Mar.
Gov't eyes $138m spending slash
The Government is moving to cut recurrent spending projections by 5.6 per cent for the current fiscal year to compensate for a $120 million drop in revenues, with a Wall Street analyst yesterday saying execution would be “key” if it was to hit is deficit/debt reduction targets.
Oil explorer to boost Freeport's 'little gem'
The Bahamas Petroleum Company (BPC) is planning to use Grand Bahama’s industrial and logistics abilities to support its oil exploration activities, its chief executive describing the island as an “under-utilised little gem”.
Food retailers fear 12% VAT cost rises
Bahamian food retailers fear the Government’s Value-Added Tax (VAT) legislation will have a “profound impact” and result in job losses, increasing their cost base by up to 12 per cent.
‘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.
Jaraun ‘Keino’ Burrows: ‘I had a good season in Sweden’
HE would have loved to have stayed around and played a little longer in the playoffs, but Jaraun ‘Keino’ Burrows was satisfied with the season that he experienced this year in the Swedish Professional Basketball League.
Court 'quashes' Commission probe into BISX firm's broker
The Securities Commission is appealing a court verdict that “quashed” its bid to assess the solvency of a BISX-listed company’s broker/dealer affiliate, which is embroiled in an ongoing $340 million fraud probe.
