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Regulators unveil pricing structure for renewables
Regulators have confirmed a new net billing-based compensation mechanism for renewable energy providers providing power to Bahamas Power & Light’s (BPL) grid with rates based on the latter’s “non-hedged avoided fuel cost”.
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PI investor ‘pressing on’ with $3m raising
The Bahamian entrepreneur locked in a legal battle with the Government over his Crown Land lease on Paradise Island is “pressing on regardless” with efforts to raise $3m to fund his ambition.
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We’re just blips on Putin’s radar
I read that Prime Minister Philip Brave Davis and a Progressive Liberal Party (PLP) delegation will be heading to Belize to attend the CARICOM Heads of Government Thirty-Third Inter-Sessional Meeting, scheduled for March 1-2.
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First Annual Potcake Golf Tournament ‘huge success’
PEDIGREES may have their Westminster Kennel Club show, but it was the Bahamian Potcake – that special breed of dog with the narrow head and a keen sense of how to cross the street on its own terms – that stole the show during the 1st Annual Potcake Golf Tournament.
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Great Bahamas Shoot Out Pool Tournament in epic showdown
THE stage was set for an epic showdown yesterday as the Great Bahamas Shoot- Out Pool Tournament came to a close following four successful weeks of intense competition.
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Flamingos Women’s Golf Club 242 hosts its inaugural 18 hole scramble golf tournament at Baha Mar’s Royal Blue Golf Course
THE development of women’s golf is making headway led by the Flamingos Women’s Golf Club 242.
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Kalik maker sees profitability return
Commonwealth Brewery produced a more-than $7.32m bottom line reversal to return to profitability in the 2021 second quarter, with its revival aided by relaxed COVID restrictions and a more open economy.
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Cocaine seized near Long Island
A JOINT operation with local police, OPBAT, the US Drug Enforcement Administration and US Coast Guard netted a large quantity of cocaine in the Long Island area yesterday.
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Evans CAC Female Swimmer of Year
Fresh off her stellar performance at the 15th edition of the FINA World Championships in Abu Dhabi this month, Grand Bahamian Joanna Evans got the news that she was selected as the Central American and Caribbean Female Swimmer of the Year.
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‘Fantastic Four’ in FINA World Swim Championships
BAHAMAS Aquatics is expected to field a four-member team to compete at the 2021 FINA World Swimming Championships (25m).
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$200 fine for man over marijuana found in vehicle
A 20-year-old man who was found with a small quantity of marijuana earlier this week was fined $200 yesterday.
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Kalik maker’s loss doubles as revenues decline 15%
Commonwealth Brewery yesterday blamed a 15 percent year-over-year revenue decline for its 2021 first quarter loss more than doubling in comparison to 2020 figures.
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Cable and Gov’t hit by $41m Aliv losses
Aliv’s near-$41m loss for the year to end-June 2021 continues to drag on both its BISX-listed parent and the Government, just-released financial statements reveal.
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Kalik maker: Product shortages ‘inevitable’
Kalik’s manufacturer has continued to warn that product shortages and price hikes are “inevitable” due to continued supply chain disruptions post-COVID despite generating $1.3min profits for the 2022 first quarter.
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Steven Gardiner Senior Male Athlete of Year
IN a year where we’ve had some extraordinary performances by players on their various international teams, Steven Gardiner managed to prevail above them all with his Olympic gold medal to earn The Tribune Sports’ 2021 Male Athlete of the Year.
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Hurricane VAT holiday to have ‘net zero’ effect
An ex-Bahamian Contractors Association (BCA) president yesterday said building material price hikes mean the government’s hurricane readiness VAT “holiday” and other tax breaks will just have a “net zero” effect.
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AML shrugs off inflation, ‘out-of-stocks’ concerns
Excluding one-off Dorian gains, AML Foods generated a 3.8 percent net profit increase for its 2022 third quarter despite grappling with inflation and supply chain issues that produced “high levels of out-of-stock” products.
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Bahamians set school records at NEC swim and dive
BAHAMIAN student athletes figured prominently in Howard University’s record-setting performances at the Northeast Conference Swimming and Diving Championships.
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Cable targets $80m New Providence fibre roll-out
Cable Bahamas plans to invest $80m over the next two-three years on rolling out its New Providence fibre-to-the-home network, its top executive has revealed.
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BOB: Unleash us for commercial lending
Bank of the Bahamas’ managing director is urging the Central Bank to “level the playing field” by removing the restrictions imposed on its commercial lending in the wake of its near-collapse.
