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Minnis: BPL chief says we’re right over Wartsila
Dr Hubert Minnis says Bahamas Power & Light’s (BPL) chief executive has vindicated his administration’s $90m Wartsila investment as he queried whether the utility is increasingly reliant on rental generation once again.
Bahamas to field its best team ever: FIBA Pre-Olympic qualifier August 14-20
With National Basketball Association’s DeAndre Ayton and Eric Gordon all committed to joining Chavano “Buddy” Hield and Kai Jones, the Bahamas is expected to field its best team for the Pre-Olympic Qualifier in Santiago de Estero, Argentina.
Izaak Bastian hangs up his swim cap at 22
IZAAK Bastian, one of the country’s top swimmers, has announced that he’s “reached a crossroad” in his life and will be stepping away from the sport to focus his attention on pursuing his doctorate of physical therapy degree upon his anticipated graduation in 2025.
Prepare for soft landing
ActivTrades
In view of the slowdown in inflation, US consumers increased their consumption significantly in June. The US Commerce Department said last Friday that consumers increased their spending by 0.5 percent from the previous month. Economists had expected growth of just 0.4 percent, down from a revised 0.2 percent in May. Private consumption is a cornerstone of the US economy, which continued to grow robustly in the spring, also thanks to consumer spending.
Trainees complete Protected Areas Managers Enforcement workshop
Trainees completed the Protected Areas Managers Enforcement Training Course 2023 yesterday after a two-week joint workshop.
Baha Mar blames BPL for $8.5m hit to profits
Baha Mar yesterday warned that soaring energy bills will “have a significant impact on our profitability” for 2023 by adding an extra $8.5m to its full-year operating costs.
Tax dodgers ‘dominate’ foreign yacht charters
The Ministry of Finance’s top official yesterday hit back over concerns about VAT’s imposition on foreign yacht charters by arguing the sector was “dominated” by a few large tax-dodging companies that need “to pay their fair share”.
Bahamas men spike way into semifinals
Ladies suffer third straight loss
The men’s national volleyball team, with a well-rounded effort from every player, swept aside Martinique in three straight sets to advance to the semifinals of the Senior Caribbean Volleyball Championships at the Anthony Nesty Sports Hall in Paramaribo, Suriname.
Jonquel Jones named Eastern Conference Player of the Week
New York Liberty on four-game win streak
BAHAMIAN Women’s National Basketball Association (WNBA) player Jonquel Jones was named Eastern Conference Player of the Week while the New York Liberty enjoys a four-game win streak.
$30m Milo Butler upgrade will extend to Cowpen Rd.
The Ministry of Works and Utilities yesterday said the $30m upgrade to Sir Milo Butler highway will extend it beyond Carmichael Road through to Cowpen Road.
Bahamas ‘tops’ 5m visitors to end-June
The Ministry of Tourism's top official yesterday disclosed that visitor arrivals breached the five million mark for the 2023 half-year although higher-yielding stopovers and air arrivals remained slightly down on 2019's "banner year".
Revamped British Colonial to be ‘incredible property’
The revamped British Colonial resort will "be an incredible property" that no longer operates under a recognised flag or brand, it was disclosed yesterday.
BPL chief: ‘Under recovery’ behind soaring energy bills
Bahamas Power & Light's (BPL) chief executive yesterday confirmed that soaring energy bills have resulted from previous policy decisions to hold the utility's fuel charge at an artificially-low 10.5 cents per kilowatt hour (KWh).
BPL requires $4m 'tri-fuel' investment
Bahamas Power & Light's (BPL) Wartsila engines require a further $4m investment to make them "tri-fuel ready", its chief executive said yesterday said, adding that they are not presently capable of burning three fuel types.
STATESIDE: Messi makes and impact on Miami sports with a look at Mas Canosa’s impact on Cuban-US relations
WE all know about the close ties The Bahamas maintains with South Florida. It’s hardly a secret that the legal as well as the illegal commerce between us has over many decades proven to be enduring, necessary, lucrative and quite creative. Miami-Dade County has 30 “sister city” agreements with foreign municipalities around the world, including one with The Bahamas. And one of Miami’s two “friendship city” relationships is with Barcelona which might prove to be prophetic, as we will see.
Atlantis in 25% large boat fall-off post-VAT
Atlantis has suffered a 20-25 percent fall in large vessel volumes since VAT’s imposition on charter fees, its marina dockmaster has revealed, with the decline “definitely hurting the small man” more.
Lobster fishermen face ‘bad situation all around’
Bahamian fishermen were yesterday said to be confronting “a bad situation all around’ with increasing costs and a “low-end” lobster price set to impose a profits squeeze just one week before crawfish season starts.
Melia demolition finish ‘before winter season’
Baha Mar’s owner is seeking to completely demolish the former Melia Nassau Beach Resort before the 2023 winter tourism season starts, it was revealed yesterday, although it has not determined what will replace the hotel.
US: Gov’t ‘stalling’ on anti-corruption fight
The US State Department yesterday accused the Government of “stalling full implementation of anti-corruption legislation that would promote transparency and good governance” such as the Freedom of Information Act.
Mitchell's advice is disappointing
It is very disappointing to know that Fred Mitchell, a seasoned politician, is giving Keith Bell the advice that he is.
