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Minister: We’ll leave taxi sector in ‘better condition’

A Cabinet minister has pledged the Davis administration will leave the taxi industry in “better condition” than it found it with the new driver code of conduct not designed just to “reprimand”.

FTX’s Salame hands $200m Albany home to liquidators

THE head of FTX’s Bahamian subsidiary is handing over his Albany home to local liquidators to ensure the recovery of “more than $200m” from selling-off the crypto exchange’s real estate is not endangered.

Minister urges private sector aid for ‘country-changing’ initiative

A Cabinet minister last night urged the private sector to participate in the National Apprenticeship Programme and improve workforce skills levels.

'Horrendous' surge in contractor walk-aways

The Bahamian Contractors Association's (BCA) president yesterday revealed there has been "an horrendous" increase in complaints over the past 12-18 months about contractors abandoning clients.

Davis govt ‘vindicated’ as stadium ‘sold out’ for World Relays

YOUTH, Sport and Culture Minister Mario Bowleg said the World Relays over the weekend vindicated the Davis administration’s decision to renew The Bahamas’ commitment to the event.

‘Priority’ to strike cruise port balance for taxis

A Cabinet minister says it is a “priority” to find the correct “balance” between taxi drivers and the Nassau Cruise Port to ensure it is “fair and just” for all parties.

Starlink's arrival coincides with record Internet users increase

Fixed broadband Internet subscribers enjoyed their highest-ever year-over-year increase in 2023 to coincide with the market entrance of Elon Musk's Starlink service, it was revealed yesterday.

Munroe: No agenda against prison chief

NATIONAL Security Minister Wayne Munroe denied pursuing a personal agenda when he sent former prison commissioner Charles Murphy on administrative leave shortly after the 2021 general election.

Bahamas First 'changes' after 63% profits decline

Bahamas First's executive chairman has pledged to make "strategic changes" after the insurer's 2023 full-year profit slumped by 63.1 percent due primarily to "ongoing issues" with its Cayman health business.

If BPL deal is good, why the secrecy?

HAS the PLP got cold feet all of a sudden over its plans for Bahamas Power and Light?

'Poorest pay the most for electric’

ENERGY and Transport Minister JoBeth Coleby-Davis suggested that Bahamas Power and Light’s tariff rates could be made more equitable, saying the “least able to pay” are currently “paying more than large businesses.”

Gov’t ‘not begun to repay’ $239m IMF SDRs loan

The Government “has not begun repayment” of the $232.3m in IMF special drawing rights (SDRs) it controversially accessed via the Central Bank as the outstanding “loan” balance grew by $6.18m over 2023.

‘School violence decreasing’

EDUCATION Minister Glenys Hanna Martin said reports of school violence are decreasing.

GB Power on Electricity Bill: ‘We read about it in papers’

Grand Bahama’s electricity provider yesterday revealed it was never consulted on key energy reforms passed by the House of Assembly last week and had to learn about them “in the papers”.

Central Bank exposed to $3m claim on abandoning new HQ

The decision to abandon the Central Bank’s new Royal Victoria Gardens headquarters has exposed the banking regulator to a potential $3m-plus claim from one of the project vendors.

North Andros teachers and parents sign petition over concerns

Bahamas of Union of Teachers Belinda Wilson is calling on the Ministry of Education to address concerns outlined in a petition signed by teachers and parents in North Andros.

PM: We are ushering in a new era of power generation

PRIME Minister Philip “Brave” Davis said his administration is ushering in a “new era of power generation” with its planned “comprehensive” reforms for Bahamas Power and Light (BPL).

Minister targeting new Expo to bring Grand Bahamians home

A Cabinet minister has asserted that Freeport and Grand Bahama’s wider economy are on the rebound as “investor confidence continues to grow” and former residents return home.

Fraudulent transactions drop in value by $15.4m

Fraudulent Bahamian financial transactions decreased in value by 72.6 percent to a collective $5.8m in 2023, the Central Bank revealed yesterday, with the frequency of such crimes also dropping sharply.

Mitchell warns of ‘tit for tat’ shootings

FOX Hill MP Fred Mitchell said Commissioner of Police Clayton Fernander warned him that his constituency could see “tit-for-tat” shootings after a man police said was a major player in a gang was murdered yesterday.

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