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Bowleg tables CARIFTA figures

YOUTH, Sports and Culture Minister Mario Bowleg tabled an unaudited financial statement about the 2023 CARIFA Games in the House of Assembly yesterday.

Minister’s $185k CARIFTA ‘surplus’ came from 360% subsidy overshoot

A Cabinet minister yesterday asserted that last year’s CARIFTA games generated a $185,503 “net surplus” even though this was only made possible by a taxpayer subsidy over four times’ higher than budgeted.

‘Step aside for new generation to lead’

FORMER Deputy Prime Minister Brent Symonette urged Dr Hubert Minnis to “step aside” and let the new generation run the country.

Bowleg hits back on audit findings

YOUTH, Sports and Culture Minister Mario Bowleg said the government did not overspend on last year’s CARIFTA and Jubilee Games, which cost more than $7m than was allocated, according to audit reports from the Office of the Auditor General.

CARIFTA TV payment cut in half on contract breach

An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.

$7m overspend on sports events

BAHAMIAN taxpayers incurred an extra $7m bill to cover cost overruns for two much-hyped sporting events that were hosted last summer, the Government’s financial watchdog has revealed.

Bannister: No safeguards in Electricity bill

FORMER Deputy Prime Minister and Minister of Works Desmond Bannister said the recently tabled Electricity Bill would empower the government to transfer Bahamas Power and Light (BPL) assets to subsidiary companies.

Commonwealth hails $63.5m profit amid 91% claw back fall

COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.

Multiple fiscal failures found in Bahamas Jubilee games audit

UNAUTHORISED vehicle purchases and salary increases, misuse of petty cash, and a failure to pay National Insurance Board (NIB) contributions are some of the fiscal shortcomings highlighted in the Office of the Auditor General’s examination of last year’s Bahamas Jubilee Games.

Lodge owner ‘can’t deal’ with BPL power outages

South Andros and Mangrove Cay residents yesterday urged the Government to “put their foot on BPL” after a 24-hour power outage knocked out all the area’s utilities and Internet service.

Energy bill opens door to BPL move

The Government yesterday unveiled a major overhaul of the country’s energy regulatory regime to provide a platform for rescuing Bahamas Power & Light (BPL) from its $1bn debt and investment hole.

Adapt to tourist profile so we ‘blow past’ 2019

Family Island hotels must adapt to a visitor demographic profile that has been flipped upside down over the past decade if they want to “blow past” pre-COVID numbers, a top tourism official is warning.

GBPA braces for govt to launch arbitration

THE Grand Bahama Port Authority (GBPA) is bracing for the Government to formally initiate arbitration proceedings as early as this week after talks failed to break the deadlock over the latter’s $357m demand.

PETER YOUNG: UK local election results show Tories in trouble

In this week’s column, I should like to comment on politics in Britain where last week local council and mayoral elections were held. These were the last test of public opinion before the next general election. They are, of course, an important part of the working of democracy and require some coverage today, not least because some of the extensive press reporting has been misleading. Some clarification might anyway be useful.

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