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Unions not giving up $300 minimum wage
The Trades Union Congress (TUC) president yesterday asserted that the labour movement will push for a further minimum wage increase to $300 per week once the economy has rebounded “in a strong way”.
‘Swimming against tide’ on $400k BPL bill hike
A local manufacturer is “swimming against the tide right now” with Bahamas Power & Light’s (BPL) fuel charge hikes set to increase its 2023 electricity bill by around $400,000 year-over-year to more than $1m.
Moody’s doubles down on ‘overly optimistic’ forecasts
Moody’s has doubled down on concerns that the Government’s Budget revenue forecasts are “overly optimistic” and that its debt servicing payments will be higher than projected due to the rise in global interest rates
23 points and nine assists for Domnick Bridgewater
DOMNICK Bridgewater returned to pro basketball in the French Nationale Masculine 2 League on what seemed like a moment’s notice, but it took little time for the young point guard to display midseason form.
Banks must ‘clear runway’ on high loan delinquencies
The Central Bank’s governor yesterday agreed that commercial institutions must “focus on clearing the runway a lot more for new lending” by tackling loan delinquencies that exceed Caribbean and international norms.
STATESIDE: Just how far can you push the rules and get away with it?
JOAN and her friend Marilyn were in her New York City kitchen, warding off the unseasonable chill outside with steaming mugs of coffee. They were talking about the world’s current number one bogeyman.
FRONT PORCH: Failure by political leaders to understand social dysfunction
THE violent crime ravaging New Providence continues unabated. Political leaders and law enforcement are seemingly incapable of offering workable strategies to combat the rate of murder and other crimes.
Radshad shines in France debut
Radshad Davis made his French debut and is off to a noteworthy start with Vendee Challans Basket of the Nationale Masculine 1 League.
‘Buddy’ Hield and Pacers rout Kai, Hornets 122-97
CHAVANO “Buddy” Hield and Kai Jones went head-to-head as the NBA preseason continued last night.
‘Why up to 163% BPL fuel price hike as oil costs fall?’
Questions were raised yesterday as to why Bahamas Power & Light (BPL) is proposing to increase its fuel charge by up to 163 percent at a time when global oil prices are starting to decline from their March 2022 peak.
Hotels fear BPL hikes set to ‘derail’ rebound
Bahamian hotels yesterday warned that Bahamas Power & Light’s (BPL) planned fuel charge hikes of up to 163 percent have caused “outright anxiety” in the sector and could “derail” the post-COVID return to financial viability.
FNM Leader: ‘Significant blunder’ at BPL by govt
FREE National Movement Leader Michael Pintard said the Bahamian people will now have to pay the bill for the “significant blunder” at Bahamas Power and Light by the government with respect to the fuel hedging that was put in place by the previous FNM administration.
PETER YOUNG: New British PM will have to do better than this
Having commented last week that the new British Prime Minister, Liz Truss had made a good start, only days later the picture has changed dramatically.
Tourism rebounds to 90% pre-COVID level
Bahamian stopover arrivals rebounded to 90 percent of pre-COVID levels for July as the tourism recovery maintained its momentum by attracting some 3.677m visitors during the first seven months of 2022.
88 UPS units donated to Ministry of Education and Technical and Vocational Training
PRECISION Power Solutions Limited yesterday donated 88 UPS units to the Ministry of Education and Technical and Vocational Training.
Two years, three months in prison for stealing and lying to officer
A MAN was sentenced to two years and three months in prison in Magistrate’s Court yesterday after admitting to stealing $88 worth of goods from a shop and lying to an officer.
BOB ‘can’t say we’re bank’ till loan growth
Bank of The Bahamas cannot truly “say we are on the way back” until it generates sustainable loan book growth again despite enjoying a 2022 financial year in which profits more than doubled to hit $11.218m.
Oil explorer: No $500,000 ‘top up’ on Bahamas well
AN OIL explorer is not expecting to pay an extra $500,000 insurance premium “top-up” over its Bahamian exploratory well because this was drilled “without incident” last year.
BBA full steam ahead with Caribbean Cup
With the assurance that the new Andre Rodgers Baseball Stadium will be completed by November, the Bahamas Baseball Association is moving full steam ahead with the hosting of the fourth Caribbean Cup.
Vaccines to be made available in schools
Parents to receive their vaccination consent letters in next two weeks
ACTING Chief Medical Officer Dr Phillip Swann said officials are making final arrangements to facilitate the administration of paediatric vaccines in schools to help increase vaccinations among children.