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FOCOL ‘gunning’ to beat $40m savings for BPL
FOCOL Holdings is “gunning” to beat the $40m savings pledged to Bahamas Power & Light (BPL) customers through the New Providence rental generation it will supply to prevent summer blackouts, its chairman asserted yesterday.
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Junior boys suffer third straight loss
FIBA UNDER-15 CENTROBASKET CHAMPIONSHIPS
THE Bahamas junior boys’ basketball team suffered their third straight loss at the FIBA Under- 15 CentroBasket Championships in Puerto Rico.
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Gov’t to cut foreign debt portion in half
The Government is aiming to slash the portion of its debt held in foreign currency by more than 50 percent, a Cabinet minister said yesterday, as he reaffirmed the key components of its liability management strategy.
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‘Stagnant’: Fears for auto sales until 2023
Auto dealers fear new car sales will be “stagnant” for at least another year with global supply chain disruption causing order backlogs of up to 200 vehicles for some operators.
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INSIGHT: Cut crime by helping the children scarred by violence
WHEN a murder happens in a community, first responders race to the scene for two reasons – emergency medical personnel handle the victim while the police hunt down the perpetrator.
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Speaker’s comments were wrong
I would appreciate the publication of this open letter in The Tribune addressed to House Speaker Patricia Deveaux for her criticism of Public Officer Mr. Stephen Russell, Director of The Bahamas National Emergency Agency, for his handling of the recent tornado that hit our island.
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Bahamasair: Extra $200k weekly fuel bill ‘won’t suffocate’ demand
Bahamasair’s top executive yesterday voiced optimism that a fuel bill which has skyrocketed by up to $200,000 per week “won’t suffocate” travel demand despite the airline readying “another small” fare increase.
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FIBA Centrobasket: Team Bahamas in win column
After improving in each of their first three games played, the Bahamas junior boys’ team finally got in the win column at the FIBA Under-15 Centrobasket Championships.
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‘Fantastic’ food tariff cuts won’t fully offset inflation
The Budget’s tariff cuts “can’t compensate” fully for the 20 percent increase in food prices since late 2021, Super Value’s principal said yesterday, although they may cover “half of what was lost” by the return of breadbasket VAT.
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Bahamas must get youth for ‘leg up’ on Caribbean
The Bahamas was yesterday urged to start a youth movement so it can grow - for “generations to come” - a flats fishing industry likely to have expanded far beyond its $141m economic impact in 2010.
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‘LAST CHANCE TO CUT A DEAL’: Teachers leader warns stalled pay talks heading towards industrial action
BAHAMAS Union of Teachers president Belinda Wilson has warned that it will not be business as usual in the upcoming fall school semester if the government does not present an “acceptable” proposal for an increase of teachers’ salaries.
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Moody’s: Multiple ‘risks’ to Gov’ts fiscal forecast
Moody’s last night warned of multiple “risks” to the Government’s fiscal consolidation projections due to the absence of any tax increases in the just-unveiled Budget, while spending restraint will “weigh on economic growth”
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THE KDK REPORT: This new horizon
WELL-KNOWN for its beautiful beaches and world-class museums, Niteroi is a city in the southeast region of Brazil, facing Rio de Janeiro and just across from Guanabara Bay. It is also the birthplace of one of my patients, who like so many others, has had to overcome more than her fair share of challenges.
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THE KDK REPORT: The North Star
GROWING up and living on a remote family island offers a wealth of peace and tranquility few outsiders can comprehend. With a small population, everyone on the island is either a family member or neighbour and there’s a genuine sense of community throughout the entire land.
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Bahamas ‘stands out like sore thumb’ over COVID entry testing
Tourism executives are warning The Bahamas “stands out like a sore thumb” over its continued COVID entry testing measures after the US eliminated such restrictions with effect from midnight yesterday.
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Electricity cost rise ‘pretty dangerous’ for economy
Bahamian businesses yesterday warned any increase in electricity costs will be “pretty dangerous” for an economy still recovering from COVID-19’s devastation, although some said spiking global oil prices make such a hike “inevitable”.
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Team Bahamas ends up fourth overall
FIBA UNDER-15 CENTROBASKET CHAMPIONSHIPS
HAD it not been for two teams pulling out before the start of play, head coach Quentin ‘Three Ounce’ Hall feels the Bahamas’ boys national team would have performed much better at the FIBA Under-15 Centrobasket Championships in Gurabo, Puerto Rico.
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March air arrivals near to 75% of pre-COVID
Tourist arrivals to The Bahamas increased almost ten-fold in March 2022 compared to the prior year aided by the continued easing of COVID-related border restrictions and a rebound in global travel, it was revealed yesterday.
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HUBERT EDWARDS: Today’s Budget for a better tomorrow
We previously considered The Bahamas’ debt sustainability, and looked at the challenges faced from a Caribbean context.
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BPL: $15m maintenance put back to ‘manage cash’
Bahamas Power & Light (BPL) has delayed $15m in maintenance overhauls beyond summer 2022 “to manage cash”, a Cabinet minister revealed yesterday, while conceding that such practices have undermined generation “reliability”.
