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Fund ‘first’ targeting $100m in five years

A Bahamian investment bank yesterday unveiled ambitions to “make a massive difference” for the economy by growing the country’s ‘first-ever’ private equity fund to $100m within five years.

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.

Musicians hit at ‘second class citizens’ treatment

Bahamian musicians yesterday argued that they remain unemployed while foreign entertainers are permitted by the Government to work at major New Providence resorts.

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.

Jobs and prices fear over electric costs

GROCERS may raise food prices and gas retailers are promising to lay off staff as some businesses see a 70 per cent increase in electricity costs this summer.

Police investigate armed robbery and sexual assault of a woman

NEW Providence police are investigating a sexual assault and armed robbery reported yesterday.

WORLD VIEW: Haiti urgently needs a genuine and representative transitional government

HAITI’S non-elected President, Dr. Ariel Henry has been identified as a significant part of the current crisis in Haiti. Henry and a small clique, who surround him, are hardly running the affairs of the state. Indeed, as armed gangs control more than 60 per cent of Port-au-Prince and the main corridors throughout Haiti, the disappearance of the state is obvious.

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.

Navigators, Adventurers claim their gold medals

THE Exuma and Ragged Island Navigators along with the Eleuthera Adventurers brought gold to the Family Islands after winning the basketball segment of the Bahamas Games.

Minister Bowleg: ‘This was a great Bahamas Games’

AS the curtain came down on the sixth Bahamas Games, Minister of Youth, Sports and Culture Mario Bowleg said he was pleased with what he saw from the nine days of competition.

Eric Wiberg – Nylon stockings, parachutes and wreckage found on Acklins of a B-26 Bomber

Women who donated her nylon stockings to the US war effort might not know they often became parachutes, four of which floated to earth and sea over Acklins. After Ralph Stevens rolled out of a doomed bomber, spraining ankle and knee, it was given to a family of six children in Pompey Bay, by the resident commissioner, Chauncy Tynes.

The Tribune

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