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International certification for GBPA department

THE Building and Development Services at the Grand Bahama Port Authority received ISO 9001 certification, a globally recognised standard for quality management.

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ALICIA WALLACE: Join in the call for global strike and ceasefire for Palestine

This week, I am participating in the strike for Palestine, and I invite you to join for the remainder of the week if you are not already participating. This global strike week is about disrupting business as usual.

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Sir Franklyn's developer in $7.5m battle with MIT chair

Sir Franklyn Wilson's Eleuthera Properties is locked in a legal battle with Massachusetts Institute of Technology's (MIT) chairman emeritus over the latter's bid to exit his $7.5m investment in the Bahamian developer.

Call for immediate ceasefire

JOINING the voices of non-governmental organisations, feminist movements, and activists all over the world, Equality Bahamas calls for an immediate ceasefire and an end to the occupation of Palestine by Israel.

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Mullings and McCoy break national records

With personal best performances in six of the seven individual events, Ken Mullings combined his points total to improve on his own Bahamas national record in the men’s heptathlon, while producing a world-leading performance.

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Eugene Horton seeks another term in office as BBF president

WITH some unfinished business since moving up from first vice president to president during the middle of the past four-year term in office, Eugene Horton will be seeking another tenure at the helm of one of the country’s most fledgling sporting bodies.

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Sporting leaders’ sneak preview for year 2024

As the sporting bodies prepare for the 2024 season, leaders of various local associations and federations expressed their views on what they anticipate to do in their respective disciplines.

Gov’t: We won’t add to gasoline pump prices

A Cabinet minister is voicing hope that reductions in global oil prices and energy costs will give Bahamian petroleum retailers some relief outside their long-desired 30 cents per gallon margin increase.

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GSSSA volleyball season wraps up today

WITH the Government Secondary Schools Sports Association (GSSSA) volleyball regular season coming to a close, senior teams have turned up the intensity on the courts.

‘Major progress’ on one insurance law

Regulators say “significant progress” has been made in combining the Bahamian insurance industry’s regulatory regime into one law after the sector saw gross written premiums increase by $60m in 2022.

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Gas retailers: ‘This is the time’ for margin increase

Bahamian petroleum retailers yesterday urged “this is the time” to grant a margin increase following last week’s 64-cent price drop with many said to be on the brink of “throwing away the keys”.

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‘Non-controllable’ cost surge blocks bank matching 2022

Commonwealth Bank believes it would have come close to matching 2022’s “extraordinary” nine-month profitability had it not been for $3m in new Business Licence fees and utility costs “more than doubling”.

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LPIA operator leaves its COVID debt woe behind

The Bahamas' major airport continues to leave its COVID debt woes behind it with the coverage ratio stipulated by its lenders now healthier than it has even been since the pandemic started.

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Bahamas men spike way into semifinals

Ladies suffer third straight loss

The men’s national volleyball team, with a well-rounded effort from every player, swept aside Martinique in three straight sets to advance to the semifinals of the Senior Caribbean Volleyball Championships at the Anthony Nesty Sports Hall in Paramaribo, Suriname.

Corporate income tax: Not ‘holding the bag’

The Bahamas Motor Dealers Association’s (BMDA) president says a corporate income tax levied on net profits would be “fantastic” for the industry if it eliminates a Business Licence regime that can tax companies into a loss.

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New head coach could help Ayton shine at the Suns

Phoenix Suns centre and Bahamian National Basketball Association (NBA) player Deandre Ayton could see his talents maximised once again this upcoming NBA season. There is a newfound optimism surrounding the Bahamian centre after the team hired Frank Vogel as their new head coach following the firing of previous coach Monty Williams after the playoffs. The team was ousted from the 2023 NBA playoff semifinals after the Denver Nuggets defeated them in a 25-point blowout win to end their season.

Gov’t doubles social assistance to $14m

“Front-loaded” salary increases for public sector workers were the main driver behind the $36.4m year-over-increase in the Government’s first quarter fixed-cost spending, it was disclosed yesterday.

FOCOL targets wide growth in ‘preparing for the next 50 years’

FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”

Banks see 30% profits increase

Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.

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Central Bank expects growth at ‘moderated pace’ in economy

The Central Bank revealed yesterday that the reduction in external reserve balances for November slowed by over $77.8m from 2022, reflective of net foreign currency outflows through the private sector.

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