An “essentially insolvent” Bahamas Power & Light (BPL) will ultimately have to be privatised, the Minister of Works confirmed yesterday.
The Nassau Airport Development Company (NAD) yesterday defended proposed ground transport provider fees as essential to ending a “chaotic experience” for travellers, despite a backlash from taxi drivers.
Bahamas Power & Light’s (BPL) former manager aimed to slash electricity generation costs by 47 per cent, while rejecting liquefied natural gas (LNG) as the best fuel option.
FOCOL Holdings prevented Bahamas Power & Light (BPL) from suffering “disaster” on Inagua by stepping in to pay its fuel debts, its chairman revealed yesterday.
The Government was yesterday urged not to stifle the vacation rental sector through regulation, the Eleuthera Chamber of Commerce’s president branding it “a huge lifeline” for the Out Islands.
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Commonwealth Bank yesterday announced a three-for-one stock split to boost trading activity and make its shares more affordable to retail investors.
The Government is planning to restructure the Bahamas Development Bank (BDB), the Deputy Prime Minister yesterday describing private sector reliance on public contracts as an “upside down equation”.
Cape Eleuthera Resort & Marina has “more than doubled” its room capacity this summer by adding 18-single bedroom cottages via a $10 million investment, a senior executive confirmed yesterday.
Bahamas Ferries has made a “strategic shift” in its business model over the past five years to generate economies of scale through combining a passenger and logistics services.
The Christie administration doomed PowerSecure to failure by failing to complete Bahamas Power & Light’s (BPL) $600 million refinancing “within six months” of the management deal.
The private sector yesterday questioned “what’s next” for Bahamas Power and Light (BPL) after it severed its relationship with its management partner, PowerSecure.
Bahamas Power & Light’s (BPL) former manager targeted more than $100 million in fuel savings as key to reducing electricity rates by 50 per cent come 2020.
The Minister of Tourism yesterday said he was “not concerned at all” about the three-month loss of the Grand Celebration cruise ship, despite fears Freeport has now “hit rock bottom”.
The Government’s target of introducing Fiscal Responsibility legislation before the 2018-2019 fiscal year was yesterday praised by a civil society group, which said: “It’s worth getting it right.”