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Regulators unveil pricing structure for renewables
Regulators have confirmed a new net billing-based compensation mechanism for renewable energy providers providing power to Bahamas Power & Light’s (BPL) grid with rates based on the latter’s “non-hedged avoided fuel cost”.
STATESIDE: ‘Subtext’ in the crisis in Ukraine
ELAINE is a New Yorker who has travelled extensively and worked overseas, including in the Caribbean where she fell in love with The Bahamas. She is definitely “woke.” To describe her as a fervently liberal anti-Trumper is a huge understatement.
‘Polish product’ to maximise record-breaking cruise port
Downtown Nassau must “polish its product” to maximise the benefits from the “busiest cruise port in the world”, which is this week enjoying a record-breaking 32 vessel berths.
Ole Miss Rebels earn no.7 seed in NCAA tournament
YOLETT McPhee- McCuin’s complete overhaul of the Ole Miss women’s basketball programme now includes a trip to the NCAA Division I Tournament.
Bahamian investment overseas to hit $100m
The Central Bank’s governor yesterday forecast investment by Bahamians in overseas capital markets and real estate could this year increase by 25 percent compared to pre-COVID and hit $100m.
More questions raised over BPL fuel hedging
Bahamas Power & Light (BPL) yesterday rejected accusations that the Davis administration had cancelled its fuel hedging initiative even though it was not producing the desired financial savings.
The Earth will abide
To Prime Minister Philip Brave Davis, climate change and global warming are both massive issues worth addressing. True to his word to the Bahamian people, Davis addressed this issue at the recent CARICOM Heads of Government Meeting in Belize, although I cannot recall climate change being front and centre in the Progressive Liberal Party’s (PLP) campaign platform in 2021. In fact, I cannot say if the subject was addressed at all on the campaign trail.
INSIGHT: We need our own plan of action not just soundbites
THERE hardly seems a moment without a crisis these days. If it isn’t the pandemic, it’s the war in Europe. If it’s not those two, it’s the economic crisis both of them are bringing. The worse the economy gets, the more deeply entrenched are the problems with crime. This week, however, another problem reappeared in the spotlight: climate change.
Bahamas must adhere to Russia sanction consensus
The Bahamas must “act in a manner consistent” with protecting its reputation and integrity as an international financial centre (IFC) on Russian sanctions, an ex-attorney general says.
Realtors hope ‘best year ever’ continues into 2022
Bahamian realtors are looking to ensure that 2022 is a continuation of the “best year ever” in high-end property transactions.
We’re just blips on Putin’s radar
I read that Prime Minister Philip Brave Davis and a Progressive Liberal Party (PLP) delegation will be heading to Belize to attend the CARICOM Heads of Government Thirty-Third Inter-Sessional Meeting, scheduled for March 1-2.
Gov’t’s $206.5m deal with Goldman ‘speaks volumes’
The Ministry of Finance’s top official yesterday asserted that the Government’s $206.5m “repurchase” deal with Goldman Sachs “speaks volumes” to the credibility of its fiscal and economic plans.
‘No issues whatsoever’ on $2bn Gov’t roll over
The Ministry of Finance’s top official last night said he foresees “no issues whatsoever” over the Government’s ability to refinance $2bn in domestic debt coming due for repayment by June 2022.
CIBC loan deferrals decrease by $420m
Just $6m worth of loans remained in CIBC FirstCaribbean International Bank (Bahamas) COVID loan deferral initiative at end-October 2021 compared to $426m exactly one year earlier.
Central Bank: Inflationary pressure to be ‘contained’
The Central Bank yesterday forecast that “inflationary pressures will remain contained” while The Bahamas’ foreign currency reserves will close 2022 above “international benchmarks”.
December air arrivals hit 85% of pre-COVID levels
Air arrivals for December 2021 reached close to 85 percent of their pre-COVID levels, the Central Bank revealed yesterday, increasing almost four-fold compared to 2020 figures.
Ole Miss Rebels clinch No.4 seed in the SEC Tournament
Yolett McPhee- McCuin continues to lead the Ole Miss women’s basketball programme to an accolade season filled with milestones and now they head into the postseason as one of the top ranked teams in the nation’s most competitive conference.
U-14 girls triumphant: Bahamas nets 2-1 win over Suriname at ITF North Central American Caribbean Under-14 Pre- Qualifying World Junior Tennis Tournament
After watching the thrilling victory of the Bahamas Lawn Tennis Association boys’ team on Monday, the girls prevailed with a 2-1 decision over Suriname yesterday at the International Tennis Federation’s 2022 North Central American and Caribbean Pre-Qualifying World Junior tennis tournament.
DPM: Health travel visa’s speed ‘no excuse’ on lapses
THE deputy prime minister yesterday argued that the speed with which the Health Travel Visa had to be put in place to re-open the tourism economy was “no excuse” for governance failures.
Bahamas First profiting in year-end turnaround
Bahamas First yesterday revealed it overturned a near-$1m loss for the first nine months of 2021 with a strong finish that left annual profits just 10 percent down on prior year levels.
