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Laroda denies Social Services reducing food assistance rates
SOCIAL Services Minister Myles Laroda said his ministry is reviewing its food assistance programme to recommend “cost of living increases”.
Fund manager to be ‘little more defensive’
A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.
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.
All-white Pentecost Prayer Parade this Sunday seeks to “Heal the Land”
THE streets will be painted white this coming Sunday as churches across New Providence convene in solidarity and a spirit of worship for the second all-white Pentecost Prayer Parade.
Government’s indifference over inequality and rights
THE latest ridiculous statement by the prime minister quickly made the rounds at the end of last week, drawing responses indicative of disbelief, annoyance, and confusion.
Gov’t boost from moody’s $44m deficit miss forecast
MOODY'S has given the Government’s fiscal consolidation campaign a major boost by predicting that this year’s fiscal deficit will only narrowly overshoot its target by $44m.
Concerns over Bill on electricity
Kindly permit me to publicly express my views on the Electricity Bill, 2024, which would permit Bahamas Power and Light (BPL), or any electricity supplier, to set their own tariff rates for three years without approval from the Utilities Regulation & Competition Authority (URCA).
Judge rules on Wells’ LOI - ‘no case to answer’
A FORMER Cabinet minister’s decade-long ordeal over the Stellar Energy letter of intent (LOI) controversy was yesterday halted by the Supreme Court’s verdict that he has no case to answer.
Smoke from Coral Harbour fire halts flights at LPIA for nearly two hours
A FOREST fire in Coral Harbour caused temporary flight disruptions at the Lynden Pindling International Airport (LPIA) and power interruptions across western New Providence yesterday.
Sale mulled for ‘crown jewel’ of Great Exuma
A sale is being explored for a development described as “the crown jewel of Great Exuma” but which has “stagnated” over the past decade and failed to live up to its promise.
RF: ‘No impact’ from core software dispute
RF Bank & Trust yesterday asserted that a dispute with its core software provider will “not in any way impact customer funds or overall operations” as it bids to resolve their differences.
Johnson set to challenge Duane Sands for chairman
FORMER Yamacraw MP Elsworth Johnson said he has nominated himself for chairman of the Free National Movement, setting up a clash with incumbent Dr Duane Sands at the party’s upcoming convention.
Freeze on $2.288m City Markets HQ buy upheld
The Court of Appeal yesterday upheld an injunction freezing $2.288m that was paid by a BISX-listed food group to acquire the major asset held by the City Markets employee pension fund.
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.
Cable: Bahamians watch more Netflix than our TV
Cable Bahamas has admitted that household penetration of pay-TV services plunged by 21 percentage points in seven years because Bahamians now spend more time watching Netflix-type streaming services.
‘Is PM’s silence what we can expect in GBPA takeover?’
A prominent attorney has questioned whether the Government’s refusal to engage with a Grand Bahama Port Authority (GBPA) licensee group signals it has “no plan” for Freeport’s future development.
Three men charged on the murder of Renaldo Pinder
THREE men were behind bars yesterday after they were accused of killing a man last week.
AG: BPL needs 400MW in new generation plant
Bahamas Power & Light (BPL) needs more than 400 mega watts (MW) of new generation capacity to address a “dire” situation requiring between 60-80 percent of its existing plant to be replaced within five years.
Minnis nominates today, will challenge Pintard
FORMER Prime Minister Dr Hubert Minnis is expected to nominate himself to become leader of the Free National Movement today, setting up a highly anticipated race with the incumbent, Michael Pintard, at the party’s convention next month.
‘Most of BPL Plant obsolete in 5 years’
ATTORNEY General Ryan Pinder said 60 per cent of Bahamas Power & Light’s plant in New Providence and 80 per cent of its plants in Family Islands must be replaced in the next five years as engines reach the end of their useful life, a transformation that will cost almost $300m.
