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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.

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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.

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PM: National Youth Guard graduates 'on the front lines of new climate era'

Prime Minister Philip Davis cautioned the second cohort of officers dedicated to national emergency response that they will be “on the front lines during this new climate era” during a graduation ceremony yesterday.

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$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).

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INSIGHT: Game on for FNM...but will party make most of convention?

The FNM has named the date for the convention that should take it through to the next election.

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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.

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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.

'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.

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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.

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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.

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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.

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'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.

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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.

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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.

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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”.

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.

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'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.”

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‘School violence decreasing’

EDUCATION Minister Glenys Hanna Martin said reports of school violence are decreasing.

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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.

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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).

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