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San Salvador council staff ‘unpaid for two months’
THE chief councillor for San Salvador said employees of the island’s district council have been without pay for two months, adding it has left them “handicapped” this Christmas season.
URCA ‘out of their minds’ for BPL 163% fuel hike backing
A former Democratic National Alliance (DNA) leader yesterday blasted that electricity regulators “have got to be out of their minds” to determine Bahamas Power & Light (BPL) has made the case for up to 163 percent fuel charge hikes.
‘Disaster for business’: Village Road works in up to 46% loss
Village Road companies have branded the area’s ten-month long roadworks “a disaster for business” with income losses running as high as 46 percent and damaged properties urgently needing repairs.
Fears FTX ‘a game changer’ for financial services sector
FTX could be “a game changer” for the Bahamian financial services industry’s growth prospects, a well-known businessman warned yesterday, with the country facing “severe attack” over its implosion.
BPL to end deal covering 50% of Nassau electricity
Bahamas Power & Light (BPL) is ending a deal that supplies around 50 percent of New Providence’s base load electricity generation despite concerns its own staff are not trained to operate the engines involved.
$800m South Abaco agreement signed
THE government signed a heads of agreement yesterday for the Kakona South Abaco Development worth over $800m.
Bid for bail by lawyers for FTX’s founder
LAWYERS for former FTX CEO Sam Bankman-Fried have filed a bail application in the Supreme Court, after the disgraced businessman was sent to prison on Tuesday.
Man gunned down as he arrives at home
A MAN was shot dead shortly after he arrived at a home in eastern New Providence yesterday.
Bahamian sport honours
Lately, there have been numerous conversations in the press and elsewhere with regards to persons being awarded the Hall of Fame designation, and some being additionally included in the Legends Walk. In my opinion, all the inductees are deserving, some more than others. However, I am immensely surprised and somewhat shocked at some obvious omissions, or delays as I am now being advised.
Arawak Cay vendors hit by gate’s closure
Arawak Cay vendors yesterday said the closure of the venue’s eastern gate entrance is creating a “turn off” for visitors to the Fish Fry and a drop in their income.
Investment fund bill to boost gov’t returns
The Attorney General yesterday hailed the National Investment Funds Bill (IFB) for providing a structure that will allow the Government’s ownership interests in private companies to be professionally managed.
Efforts to rebuild Treasure Cay’s sewerage system hit by ‘procurement, shipping delays’
The Water and Sewerage Corporation (WSC) yesterday conceded that efforts to rebuild Treasure Cay’s sewerage system have been hit by “procurement and shipping delays” in COVID-19’s aftermath.
Companies urged to build investor sustainability trust
A Bahamian accountant says it is vital that investors have trust in a company’s sustainability reporting in an environment where increasing emphasis is being placed on climate action.
Climate and health course held in Grand Bahama
OVER 130 community members and health professionals were present for the launch of the first climate and health ambassador training course this week.
Commission ‘cannot condone’ FTXs $100m Bahamas payout
A Delaware bankruptcy judge was yesterday told that the Securities Commission’s vehement rejection of Sam Bankman-Fried’s Bahamian creditor preferential payout plan proves there was no “collusion” with the FTX founder.
Cable unveils its first dividend in five years
Cable Bahamas’ top executive yesterday voiced optimism that it has “set the foundation” to become a dividend-paying stock once again with the unveiling of a first capital return to shareholders for five years.
‘Arrest was not influenced by other considerations’
DAMIAN Williams, US Attorney for the Southern District of New York, said Sam Bankman-Fried’s arrest on Monday was dictated by law enforcement as opposed to any other considerations, including his scheduled testimony in Congress on Tuesday.
RBC’s 3-day digital woes an ‘absolute catastrophe’
Royal Bank of Canada (RBC) yesterday pledged it is “working diligently” to restore its digital banking platform with businesses branding the three-day woe as “an absolute catastrophe” for commerce.
Shoppers warned: Don’t go broke for Christmas
A financial expert urged residents to take a “pause” and not to go broke this Christmas season while shopping.
