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Water Corp’s $84m taxpayer subsidy three times’ budget
TAXPAYER subsidies to the Water & Sewerage Corporation in 2022 hit $84m, more than three times the sum budgeted, as the state-owned utility seeks to develop a plan that makes it financially viable.
2022 mixed for Out Island resort targets
FAMILY Island resorts experienced a mixed 2022 in terms of hitting their collective targets as they closed in on a return to pre-COVID business volumes, a top tourism official has confirmed.
FTX: False statements were made to ‘diminish’ Bahamas
A former FTX senior attorney yesterday alleged that “false statements” were made in legal filings to “diminish” The Bahamas after the crypto exchange was advised this nation should be the main venue for its liquidation.
Scotia: 95% gone online amid ‘lousy’ service claim
SCOTIABANK (Bahamas) will this year test mobile banking technology capable of serving all Family Islands, its top executive said yesterday, with 95 percent of customer transactions now conducted online or at ABMs.
Sand Dollar rout Zulu Media 96-64, Cyber Tech top Mekaddish Millionaires 82-80
THE New Providence Basketball Association continued its regular season action at the AF Adderley Gymnasium on Wednesday night.
Police chief concern over bail decisions
POLICE Commissioner Clayton Fernander said police are looking forward to a good year working with legal officials with a view of taking individuals off the street who continue to offend and get bail.
Bahamas must ‘bite demon in butt’ over food insecurity
The Bahamas must “bite the demon of food insecurity in the butt”, an agriculture entrepreneur urged yesterday, after it was revealed that close to one in five residents recently suffered from limited access to food.
Briland resort enjoys 33% revenue surge
A Harbour Island hotelier yesterday said the Christmas holidays were “bananas as usual” with December 2022’s revenues 33 percent ahead of pre-COVID comparisons for that month.
Bahamas Chess National Championship heading for an exciting showdown
THE 2023 Bahamas Chess National Championship is heading for an exciting showdown as competitors try to stop NM Valentine Cox from attaining a sweep of the big event.
NPBA: Tucker Boys beat Giants 57-56, Eagles top Rebels 76-60
THE New Providence Basketball Association continued its regular season action at the AF Adderley Gymnasium over the weekend with a pair of games played on Friday and Saturday night.
Businesses are warned: Stop ‘lying’ on turnover
The Government’s tax collection chief yesterday voiced scepticism that fewer than 20 percent of businesses meet the VAT registration threshold, and demanded the private sector “be truthful”.
‘Sooner the better’ over BPL base rate increase
Bahamas Power & Light’s (BPL) chief executive yesterday warned the utility’s base tariff rate must ultimately increase to offset “diminished returns”, adding: “The sooner, the better.”
Roots wants Junkanoo judging change
MEMBERS of The Roots have called for the “abolition” of Junkanoo’s “flawed” judging system, adding it is overdue to be changed.
Bahamas requires $16bn economy ‘to make sense’
The Bahamas must grow its economy to $16bn, expanding its size by around one-third, if its future is “to make sense” in the absence of government austerity, a governance reformer urged yesterday.
NPBA: Giants and DDL in win column
THE defending champions Discount Distributors Liquors and runners-up Commonwealth Bank Giants both pulled off victories over the weekend to highlight the men’s division one play in the New Providence Basketball Association.
DIANE PHILLIPS: Thanks, Eric Carey, you took the elitism out of the Bahamas National Trust and made it ours
WHEN Eric Carey said a final formal farewell to the Bahamas National Trust at the end of December, he left an organization that belonged to the people.
One Eleuthera Foundation: Food for thought about food sustainability in The Bahamas
I recently came across a document that I wrote in the early days of the COVID-19 pandemic when the world was in turmoil due to lockdowns and many of the distributions systems that we took for granted for many years were shutting down.
FTX’s Bahamian customers financed SBF’s $546m deal
FTX’s Bahamian subsidiary, and its customers/investors, were yesterday said to have unwittingly helped finance a $546m investment by Sam Bankman-Fried that has now been seized by US federal authorities.
FRONT PORCH – Majority Rule: A shared celebration
THE LATE Roman Catholic Vicar General Monsignor Preston Moss grew up a stone’s throw away from the top of the hill East Street, not far from Mortimer Candy Kitchen.
‘Settle down’ before tax crackdown tie-in
The Government should allow the corporate real estate market to “settle down” before seeking to tie Business Licence renewals to property tax compliance by commercial landlords, a prominent realtor argued yesterday.
