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The Bahamas’ top two life insurers downgraded

The Bahamas must “take concrete steps” to reverse the trend of sovereign credit rating downgrades after the country’s two largest life and health insurers saw their own financial strength assessments slashed as a result.

Union chief says: ‘Don’t encourage mediocrity’

A trade union leader says the labour movement “must not encourage mediocrity” in the workplace as he urged patience when over trying to achieve all goals in industrial negotiations.

Bahamian pro basketball players in Euro spotlight

BAHAMIAN pro basketball players across various leagues in Europe produced season highs in early season play for their new clubs.

Scheme aims to bring farming into the backyard

AGRICULTURAL Development Organisation has partnered with The Church Commercial Farming Group (TCCFG) to facilitate the backyard farming initiative.

‘Challenge to survive’ even on $260 minimum wage

DESPITE the government raising the country’s minimum wage to $260, some yesterday argued that the challenge to survive remains.

Officials to assess national diploma

EDUCATION Minister Glenys Hanna-Martin revealed officials are hoping that by December they will be able to make an accurate assessment of the national high school diploma so that they can ensure it does not negatively affect students.

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

Munnings makes impact in French ProB League

TRAVIS Munnings has had an immediate impact in his promotion to the French ProB League with his Boulazac Basket Dordogne basketball club.

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.

‘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.

The Tribune

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