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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.
East GB microgrids set to hire up to 50
Up to 50 workers will be hired for the proposed build-out of five solar microgrids designed to help “ease cost of living concerns” and entice former residents to return to Dorian-ravaged east Grand Bahama.
'Death by 1,000 cuts' fear on new Bimini airport fees
Private aviation operators yesterday voiced fears that the industry faces "death by a thousand cuts" amid a furious reaction to the imposition of multiple new fees to pay for Bimini's $80m airport upgrade.
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.
Pintard: I’ll win leadership vote
THE threat of a challenge from former Prime Minister Dr Hubert Minnis at the upcoming Free National Movement convention has not dented Michael Pintard’s confidence that he will be affirmed as leader of the party.
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.
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.
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”.
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.
$100m ‘dream team’ pitched as GBPA confrontation alternative
A LONG-STANDING Freeport licensee yesterday unveiled a $100m investor and management “dream team” alternative to the Government’s “ugly confrontation” with the Grand Bahama Port Authority (GBPA).
'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.”
‘School violence decreasing’
EDUCATION Minister Glenys Hanna Martin said reports of school violence are decreasing.
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).
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.
Bowleg welcomes World Athletics' president, athletes
MINISTER of Youth, Sports and Culture Mario Bowleg welcomed World Athletics' president Lord Sebastian Coe and the athletes from around the world back to the Bahamas for the BTC World Relays 2024 Bahamas.
Mitchell hits back at Minnis over deploying RBDF to Haiti
FOREIGN Affairs Minister Fred Mitchell accused former Prime Minister Dr Hubert Minnis of “scaremongering” after the Killarney MP again criticised the government over the potential deployment of defence force officers to Haiti.
‘MP raped me and spat on me’
A WOMAN cried and alleged in court that North Abaco MP Kirk Cornish raped her, spat on her and left her in fear for her life.
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