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BPL: 8% 'crazy growth' in New Providence
A senior Bahamas Power & Light (BPL) executive yesterday said the utility had seen "crazy growth" in customer demand over the summer with New Providence's peak load increasing by 8 percent year-over-year.
Pintard to PM: Probe Gov't 'late payments'
The Opposition's leader last night called for the Prime Minister to investigate as he doubled down on accusations that public servants, government contractors/vendors and the Family Islands are suffering "out of the ordinary" payment delays.
Resort hopes to host conference for years
BAHA MAR hosted 475 travel agents representing almost $1 billion in travel business sales at the International Luxury Travel Market (ILTM) North America conference this week.
$35m invested by Baha Mar in maintenance
BAHA MAR president Graeme Davis said the resort has invested $35m in maintenance this year.
Work to start on Abaco police station 'in this budget cycle'
FOUR years after Hurricane Dorian ravaged the Marsh Harbour police station in Abaco, National Security Minister Wayne Munroe said construction on a new police headquarters should begin before the next budget cycle.
$1m national breakfast programme is launched
EDUCATION Minister Glenys Hanna-Martin announced the launch of a $1m national breakfast programme in eight New Providence and Family Island primary schools.
Minister admits some language difficulties with Cuban teachers
EDUCATION Minister Glenys Hanna-Martin said officials had been informed about a “very small” number of Cuban teachers whose command of the English Language had been a barrier between them and students.
EDITORIAL: Awards for arrests is misguided
IT is interesting to see National Security Minister Wayne Munroe leap to the defence of a Royal Bahamas Police Force scheme he previously dismissed as fake news when asked about it by The Tribune.
BPL: We’ve regained 56% of fuel cost ‘under-recovery’
Bahamas Power & Light (BPL) yesterday revealed it had regained 56 percent of its “under-recovered” fuel costs by end-August 2023 while reassuring that surging global oil prices will not derail this strategy.
‘Structural vulnerabilities’ weigh on robust growth
Standard & Poor’s (S&P) yesterday forecast Bahamian economic growth for 2024 will fall back to historical trends at 1.8 percent as it warned that such levels, together with “structural vulnerabilities”, weigh on improved credit ratings.
S&P: Austerity ‘likely’ to meet Gov’t debt targets
Standard & Poor’s (S&P) last night argued that the Government will likely struggle to meet its debt reduction targets “without material new revenues, significant cost-cutting or well above average economic growth”.
Munroe defends scheme he said was fake news
NATIONAL Security Minister Wayne Munroe defended the Royal Bahamas Police Force’s new arrest incentive system yesterday, comparing it to schemes for teachers or people who work in banks.
Revised cost of prison cut by $30-40m
THE cost of expanding the Bahamas Department of Corrections has been reduced by about 40 per cent, down from the previous $93m, according to acting Corrections Commissioner Doan Cleare.
SUPER VALUE CHIEF: FOOD COST UP 30% – Roberts reveals assessment of 15 common items
Super Value’s principal yesterday said a review of 15 commonly-bought items revealed The Bahamas sustained food inflation of around 30 percent over the past two years, adding: “The customers are re-training us.”
Team Bahamas falls 6-1 to Grenada in CONCACAF ‘Road to Gold Cup’ opener
THE Bahamas’ senior women’s national football team went down 6-1 to Grenada in game one of the Confederation of North, Central American and Caribbean Association Football (CONCACAF) Women’s Road to Gold Cup.
Chisholm Jr and Marlins celebrate latest historic double grand slam feat
BAHAMIAN Jasrado “Jazz” Chisholm Jr and the Miami Marlins celebrated his latest historic feat, being the team’s first player to notch grand slams in back-to-back games.
Govt in a cash crunch over payments - Pintard
THE FNM last night claimed that there has been a “significant number of complaints” over payment delays by the government.
ArawakX issuers await funds, investor listing
Two companies that raised equity capital through the embattled ArawakX crowd-funding platform yesterday complained that they are either still owed money or have yet to learn who their new shareholders are.
$657k ‘pipeline’ blockage kept ArawakX insolvent
The Bahamas’ first-ever crowd-funding platform was branded “no longer solvent at February 2023” by external auditors who warned that $656,500 in “pipeline” revenue could not be used to restore a “net equity” position.
Retailers ‘not easing up’ on gas margin increase
The Bahamas Petroleum Retailers Association’s (BPRA) president yesterday asserted that the industry is “not easing up” on demands for a margin increase with several dealer “unable to survive” more than another two months.
