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Melia demolition finish ‘before winter season’
Baha Mar’s owner is seeking to completely demolish the former Melia Nassau Beach Resort before the 2023 winter tourism season starts, it was revealed yesterday, although it has not determined what will replace the hotel.
US: Gov’t ‘stalling’ on anti-corruption fight
The US State Department yesterday accused the Government of “stalling full implementation of anti-corruption legislation that would promote transparency and good governance” such as the Freedom of Information Act.
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.
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.
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.
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.
Adrian Gibson’s trial delayed after PLP Protest
THE corruption trial of Long Island MP Adrian Gibson was delayed again after a protest by Progressive Liberal Party supporters caused the judge concern about how their activity could prejudice the case.
Bank stability at 7-year high on $400m profits
The Bahamian commercial banking sector’s stability hit a seven-year high in 2022, the industry’s regulator has revealed, as combined profits soared nearly 59 percent to just shy of $400m.
Reforms to boost financial services industry flexibility
Reforms to two key corporate products will boost the Bahamian financial services industry’s competitiveness by enabling it to provide more flexible structures to clients, the Attorney General has charged.
Court of Appeal rejects Adrian Gibson's constitutional motion
THE Court of Appeal rejected Adrian Gibson’s latest constitutional motion on Friday, paving the way for his corruption trial to begin on Monday.
BPL: From ‘dramatic savings’ to sky-high bills in three years
Bahamas Power & Light (BPL) has gone from “dramatic savings” on its fuel costs that have been hailed by the Inter-American Development Bank (IDB) to sky-high electricity bills in just three years.
Temperature rise poses additional threat to sensitive coral reefs
CLIMATE change is causing heat that threatens the existence of coral reefs in the Bahamas.
Food prices to ‘never return to pre-COVID’
The Retail Grocers Association’s president yesterday warned Bahamians that food prices will not return to pre-COVID levels and said: “The cost of operations is increasing all over the world.”
BPL hikes ‘blow up’ Abaco living costs
Abaco business owners yesterday revealed their electricity costs more than doubled in just one month as Bahamas Power & Light’s (BPL) fuel cost recovery strategy consumes an ever-increasing share of corporate cash flows.
Opposition ‘to hammer’ Gov’t on BPL’s $110m
The Opposition’s leader has pledged to “continue to hammer” the Government over the accounting treatment it is using for the $110m loan advanced to Bahamas Power & Light (BPL) to pay off its fuel arrears.
BPL’s 71% cost hike branded ‘outrageous’
Private sector executives yesterday branded the 71 percent hike in Bahamas Power & Light’s (BPL) total energy costs as “outrageous” and “brutal”, with one saying: “I don’t know how businesses are surviving.”
$700m external loan goal ‘looking very favourable’
The Government’s bid to raise almost one-third of its near-$2.2bn gross financing needs for the 2023-2024 fiscal year from external banks is “looking very favourable”, a senior official revealed yesterday.
INSIGHT: Sound policy decisions over soundbites to tackle crime
A RECENT spate of shocking crimes – including sex attacks against elderly women – has prompted some familiar talk. We must be tougher on crime, tougher on criminals. Perhaps so – but in our reaction, we appear to be falling into an old trap of seeking to carry out action, any action, without regard to whether or not it really works.
GBPA gives Lucaya Towers South 30 day ultimatum - threatens to revoke occupancy
THE Grand Bahama Port Authority has given an ultimatum to the board of the Lucayan Towers South: provide a plan to fix the complex in 30 days or have your certificate of occupancy revoked.
Andros Chickcharnies take home gold in golf
Grand Bahama Lucayans secure silver, NP Buccaneers win bronze
THE Chickcharnies will carry the sixth Bahamas Games team gold medal home to Andros.
