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SBDC: Funding slowed drastically after election
ENTREPRENEUR financing facilitated by the Small Business Development Centre (SBDC) has slowed drastically since the Davis administration took office with just $2m, or 2.7 percent, of funds disbursed to-date occurring since the election.
Exuma businesses: ‘We will believe $1.2bn when see it’
EXUMA businesses yesterday said they will believe there are $1.2bn in investments in the pipeline for the island, as identified by the deputy prime minister, when they see them materialise.
Bahamas ‘non-functional’ portal led to EU blacklist
THE ATTORNEY General says The Bahamas’ efforts to comply with the European Union’s (EU) economic substance reporting demands became “non-functional” with corporate filings having to be entered manually.
Potter's Cay vendors 'relieved' they are able to rebuild stalls
A spokesperson for Potter’s Cay vendors said it is a “relief” that they are able to rebuild their stalls and get back to work more than a year after a fire at the site.
EDITORIAL: The tangled web of PLP’s Bermuda trip
THE story of the PLP’s jaunt to Bermuda is becoming increasingly tangled – and it doesn’t need to be.
ORG chief says ‘co-mingling’ raises questions
THE Organization for Responsible Governance said the revelations about “potential co-mingling” between government spending and partisan politics regarding Prime Minister Philip “Brave” Davis’ recent trip to Bermuda “opens the door” for speculation.
Agriculture sees inflation raise prices fivefold
COMPANIES in the agriculture industry said inflation has impacted them, with one business stating that in some cases prices have increased fivefold.
Pinder blasts FNM over EU requirements
ATTORNEY General Ryan Pinder yesterday criticised the former administration for its failure to implement Organisation for Economic Co-Operation and Development (OECD) and European Union (EU) requirements.
BPL’s ‘15%’ mega hotel dilemma on renewables
Bahamas Power & Light’s (BPL) former chief executive warned it cannot afford for the country’s two largest mega resorts to convert entirely to renewable energy because it would lose 15 percent of its revenues.
‘Absolutely essential’: Gov’t urged to disclose bid awards
Governance reformers yesterday said it was “absolutely essential” that the Government immediately start publishing details of public sector contract awards as mandated by law to “build trust” in the new procurement system.
Private sector credit shrank 20% pts of GDP pre-COVID
The Bahamas’ low pre-COVID economic growth coincided with bank credit to the private sector contracting by the equivalent of 20 percentage points of GDP, an international rating agency has revealed.
How much did Bermuda trip cost? Sorry, we don’t know
PRESS secretary Clint Watson admitted yesterday that the full cost of Prime Minister Philip “Brave” Davis’ trip to Bermuda last week is still not known and he was unable to say how much money was spent on hotel accommodations, transportation, food, per diem and other trip-related elements.
‘We need justice over prison death’
A RELATIVE of a mentally ill man who died in hospital this week, two weeks after a prison fight, is calling for justice and accused correctional officers of not paying attention to the inmates the night the attack occurred.
Retailers offer 10% ‘free’ food top-up plan
Bahamian food retailers have proposed a joint venture with the Ministry of Social Services where they will provide a 10 per cent ‘free’ food top-up targeted at “the most vulnerable among our Bahamian brothers and sisters”.
Pintard: Gov’t had ‘enough meat’ over BPL fuel hedge
The Opposition’s leader yesterday charged that key policymakers in the Davis administration were given “sufficient meat” to understand the fall-out if the trades underpinning Bahamas Power & Light’s (BPL) fuel hedge were not executed.
Pro basketball players stand out in Spain, Balkans
In Spain, Danrad Knowles makes his debut in a new league while Lashann Higgs becomes her team’s leading scorer and in the Balkans, Zane Knowles averages a double double and Kentwan Smith’s defence stands out.
OECD shouldn’t have failed Bahamas over ‘one element’
THE BAHAMAS argued in vain to the Organisation for Economic Co-Operation and Development (OECD) that it should “not fail the entire test on one element” of tax information exchange, a Cabinet minister disclosed yesterday.
STATESIDE: The odds favour a Biden-Trump rematch
EVER since it became clear in the late spring and early summer of 2020 that Joe Biden would emerge from a crowded, desperate Democratic Party primary campaign as the challenger to Donald Trump’s bid for re-election, there has been much speculation about whether the fate of these two septuagenarians is inextricably linked.
EDITORIAL: Our public servants deserve better
WHEN Police Commissioner Clayton Fernander took up his post, one of the first things he addressed was the vacation leave he was forced to take under the Minnis administration.
Fuel hedge to save $55m, BPL chief informed minister
Bahamas Power & Light (BPL) was on track to save its customers more than $54m over the 18 months to January 2022 if its controversial fuel hedging initiative was followed, a Cabinet minister was informed.
