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BPL’s Shell deal process ‘oblique’
Bahamas Power & Light’s (BPL) efforts to outsource electricity generation on New Providence were “oblique” and not fully transparent over a deal ultimately won by Shell North America.
Aircraft skids into bushes in Exuma
A Flamingo Air Beechcraft 99 airplane skidded off the runway into bushes in Exuma yesterday morning after experiencing engine problems. In a statement the Air Accident Investigation Department (AAID) said the incident happened at 8.30am at Black Poin
Govt in ‘back handed’ Hawksbill change move
A prominent QC yesterday agreed that the Government’s call for Freeport businesses to seek renewal of their tax breaks was a “back handed” attempt to amend the Hawksbill Creek Agreement, with the move representing “the worst formula for business”.
Customs inefficiency costing Gov't $66m
The Government is losing $66 million in revenues annually due to inefficiencies at Bahamas Customs alone, the situation also placing tourism industry profitability and foreign direct investment (FDI) inflows “at risk”.
Government urged to speed up Downtown demolitions
THE Downtown Nassau Partnership has called on the government to get serious with owners of abandoned and dilapidated buildings on Bay Street.
Questions over BPL and URCA
There is a headline today: URCA to investigate BPL fires attributed to URCA’s CEO Bereaux. With respect to Mr Bereaux where is the investigation as to why BP&L who are totally governed through URCA did not apply under Articles…15…25-28 for permission to change the type of generation and fuel at Clifton?
Commonwealth hails $63.5m profit amid 91% claw back fall
COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.
'Thousands' expected to attend Regatta in Morgan's Bluff
THE All Andros and Berry Islands Regatta committee looks to galvanise support for July’s event as they expect thousands to patronise the upcoming 26th edition, July 5-7 in Morgan’s Bluff, Andros. Twenty sloops are expected to compete and highlight t
Bahamians go head-to-head in Ontario Scholastic Association
A PAIR of Bahamians went head-to-head in a marquee matchup in Ontario Scholastic Basketball Association regular season play.
VAT not mandatory for 15,000 firms
More than 80 per cent of Bahamian companies, numbering more than 15,000, will not be mandated to pay Value Added Tax (VAT), with financial services and health/education among the industries exempt from paying it.
Judge approves petition for Baha Mar liquidators to 'prevent depletion of resort's assets'
JUSTICE Ian Winder said on Friday that his approval of the government's petition for the appointment of provisional liquidators for the stalled Baha Mar resort development was limited to preventing the depletion of the $3.5 billion resort's assets.
Winfrey highlights story of black woman raped by white men
LOS ANGELES (AP) — Oprah Winfrey’s barnstormer of a speech at the Golden Globes highlighted the story of a black Alabama woman who was raped by six white men in 1944.Winfrey, in speaking of the victims of sexual assault whose voices might never be he
36 new cases of COVID-19 reported on Wednesday
The Bahamas recorded 36 new COVID-19 cases on Wednesday, 30 on New Providence and six on Grand Bahama.
Bahamas First: Top rating more vital ‘than ever’
Bahamas First said yesterday’s affirmation of its “excellent” financial strength by the top insurance rating agency was likely the most important ranking in its recent history, due to its $80 million Hurricane Matthew payout.
Union leader predicts Morton Salt re-hiring
A UNION leader yesterday predicted said Morton Salt might have to rehire some of the 24 workers it terminated last month on the basis that the salt harvester is now too “short staffed”.
Insurers ‘watching’ for NHI regulations
The Government has yet to publish the regulations that will govern the National Health Insurance (NHI) scheme, with Bahamian insurers yesterday said to be “watching the landscape” ahead of the planned $100 million primary care phase roll-out.
Laundry provider closes without $1M Baha Mar payment
Baha Mar has warned its laundry services provider is likely to be forced out of business if the resort developer is unable to quickly pay a $1 million debt, an event that would be “catastrophic” for its Melia Nassau Beach property.
NPBA: Bucket, Shockers Stingers in the win column
THE Aliv Bucket, Seafood Shockers and PJ Stingers were winners of the New Providence Basketball Association’s triple header at the AF Adderley Gymnasium on Saturday night.
BAHAMAS ROUTS GREAT BRITAIN 22-11 TO RETAIN SOFTBALL TITLE
FOR the second consecutive year, the Bahamas Government Departmental Softball Association’s national team has returned as champions of the WBSC Co-Ed Slow Pitch Cup Tournament.
Cable adviser scoldsmanagers on US$ miss
Cable Bahamas’s financial adviser yesterday expressed “disappointment” that institutional asset managers had failed to deliver on indications they would place between $10-$18 million US dollars into the company’s private placement, having invested a paltry $100,000 to-date.
