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PM told that BPL fuel hedge ‘in the money’
The Prime Minister was told Bahamas Power & Light’s (BPL) fuel hedge, which his administration has sought to discredit, was “in the money” even though fuel woes “substantially ate into the benefits”.
Hitting near 3% growth to make ‘incredible difference’
Economic growth in the “upper 2 percent” range and above will make “an incredible difference” to The Bahamas’ economic prospects if achieved consistently, the Central Bank governor asserted yesterday.
Minister: $21m ‘overrun’ on key BPL investment
A Cabinet minister yesterday asserted that Bahamas Power & Light’s (BPL) key generation investment has suffered a $21m-plus “cost overrun” while failing to deliver the promised efficiencies and savings.
Mortgage loan approvals decline to under one-third
Less than one out of every three mortgage loan applications was approved in the 2023 first half despite total credit applications to the commercial banking sector increasing by 9.4 percent year-over-year.
Digital payments ‘a train that is not going to stop’
The Central Bank’s governor yesterday said he is aiming to “leapfrog The Bahamas to an even better digital payments state” as he warned: “This is a train that is not going to stop.”
Govt set on East Hill St for new Parliament
FOREIGN Affairs Minister Fred Mitchell said Cabinet has approved the creation of a new House of Assembly building, which will be located at the site of the old post office headquarters on East Hill Street.
Police-involved killing of Garth Harrison ruled a justifiable homicide
THE family of Garth Harrison III was stunned after a Coroner’s Court jury ruled yesterday that the 24-year-old’s police-involved killing in 2019 was a justifiable homicide.
Minnis calls govt plan to send troops to Haiti ‘unacceptable’
FORMER Prime Minister Dr Hubert Minnis opposes government’s plan to send troops to Haiti, telling parliamentarians yesterday that no officer should risk their lives “on a deployment to a conflict zone with no plan or structure.”
Decathlete Mullings in position for medal
Track and field gets underway at 19th Pan American Games
National record holder Ken Mullings positioned himself for a medal in the men’s decathlon yesterday as the track and field competition got underway at the 19th Pan American Games in Santiago, Chile.
Softball Games prelude to Public Service Week
PUBLIC service workers enjoyed softball games at the Blue Hills Sporting Complex on Saturday morning in their leadup to full launch of their commemorative week.
We need you, Fred Mitchell
If we have to march on Bay, we will do just that. We want you. You have a proven record to show the youth, under privileged, the elderly, etc. We want you, Mr Fred Mitchell, no ands, ifs or buts. Best of luck at the polls. You are the best man for the job.
Visitor arrivals match 2019 record in first nine months
Total visitor arrivals for the first nine months of 2023 have equalled pre-COVID’s 2019 full-year record of 7.2m, it was revealed yesterday, with hotel room rates almost 60 percent higher.
MAN SHOT DEAD AT HARBOUR BAY PLAZA: Victim leaving gym as gunmen pulled up and opened fire
SCREAMS rang out through the Harbour Bay Plaza last night and tearful family members gathered as a 29-year-old man was shot dead after leaving the gym.
WORLD VIEW: Venezuela’s dangerous referendum - threatening peace and international law
FOR sixty years, from their entry into school, Venezuelans have been trained into believing that the Essequibo region of Guyana belongs to Venezuela. Consequently, regardless of the facts, this belief is ingrained in the Venezuelan psyche.
THE KDK REPORT: The resident on call, and the dangers of motorcycles
I once worked at a prestigious hospital in New York and there were many days when I tracked how many times I walked up and down the stairs from the residents’ lounge to various parts of the hospital. Sometimes I timed myself.
Contractors chief fears: ‘We’re often last choice’
The Bahamian Contractors Association’s (BCA) president says he does not have “much hope” local firms will win significant work on major upcoming projects, adding: “We’re often the last choice.”
Land reform: ‘It’s never too late to do right thing’
Land ownership rights will become much clearer and accessible to all Bahamians if the Government follows through in its Speech from the Throne pledges, a long-time reform advocate says.
‘6,000% important’ ArawakX crowd-fund void filled swiftly
A long-time crowd funding advocate says it is “6,000 percent important” that another platform replace ArawakX if it is wound-up, adding: “The void has to be filled immediately.”
Bahamas ‘on track’ to expand airlift by 15%
The deputy prime minister yesterday said The Bahamas is “on track” to increase airlift capacity into the destination by 15 percent this year through the addition of several new routes.
$111m ‘quantum leap’ for CLICO’s creditors
CLICO (Bahamas) liquidator has been given the authority to accept a $110.827m settlement that could fully repay all debts owed to policyholders, creditors and the Government.
