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FNM: What led to decision to terminate workers?
DESPITE the Freeport Container Port reversing its decision to terminate some 20 staff, Free National Movement MP for East Grand Bahama Kwasi Thompson said he believes it is still incumbent on the government to investigate the circumstances that led to the decision in the first place.
US donates generators and reverse osmosis systems to NEMA for shelters
THE United States government donated 28 generators that will be deployed to shelters in seven Family Islands and six reverse osmosis systems.
Water Corp debt to main supplier grows to $16.6m
The Water & Sewerage Corporation's outstanding debts to its main BISX-listed reverse osmosis supplier increased slightly to $16.6m during the 2023 first quarter despite government pledges to eliminate this, it was revealed yesterday.
Water Corp supplier in ‘tremendous’ costs rise
THE Water & Sewerage Corporation’s main supplier says the cost of operating its two New Providence reverse osmosis plants has increased “tremendously” over the past year due to the rise in global oil prices.
Bank’s nine-month $58m beats full-year profit goal
Commonwealth Bank is targeting its growing deposit base for new borrowers after hitting its 2022 full-year profit goal in just nine months through a $58.22m bottom line.
Bank to ‘double’ dividend on pre-Dorian profit return
Commonwealth Bank will this month “double” its quarterly dividend payment, and return more than 27 percent of year-to-date profits back to shareholders, as it forecasts returning to pre-Dorian annual profits of $50m-$60m for 2022.
EDITORIAL: Nice words, but what is actually being done?
GLASGOW last year, Rwanda this week, Egypt for the COP27 conference in November … with all this jetting around the world, our climate change problems must be on the way to being solved. No?
PM's 'swift intervention' reverses decision to lay off 20 Bahamian workers at Freeport Container Port
THE decision to lay off 20 Bahamian workers at the Freeport Container Port has been reversed following the “swift intervention” of Prime Minister Philip “Brave” Davis, according to an official statement by the Ministry for Grand Bahama.
‘One step forward, two back’ before port layoff reversal
GRAND Bahama’s Chamber of Commerce president yesterday said it feels like the island constantly takes “one step forward, two steps back” prior to Freeport Container Port reversing the termination of 20 workers.
Water Corp cuts debt to main supplier by $5.2m
The Water & Sewerage Corporation’s debt to its main BISX-listed supplier was slashed by 24 percent during 2022 to $16.3m at year-end, although close to two-thirds of that sum remained delinquent.
Govt told: ‘Reverse course’ on Business Licence move
THE Opposition’s finance spokesman yesterday renewed demands for the Government “to reverse course” and improve the ease of doing business surrounding the Business Licence renewal process.
DPM aims to ‘double’ stopovers in 3 years
The Bahamas is aiming to “double” stopover visitor numbers within the next three years as it bids to reverse its “shrinking” share of the Caribbean visitor market, the deputy prime minister revealed yesterday.
Governing for benefit of Bahamians
There are encouraging signs that the present PLP government will go further than Mr Christie’s in reversing the ingrained national inferiority complex that has done this country such harm in terms of policy since 1992.
One Eleuthera Foundation: A good diet is the secret to good health
AN ancient Ayurvedic proverb states that “If diet is wrong, medicine is of no use. If diet is correct, medicine is of no need”.
Make Gov’t debt ‘best in country’
A well-known businessman is arguing that the Government’s securities must again become “the best debt in the country” as he hailed the Central Bank’s reversal of its public brokerage services.
Separate GBPA's assets from regulatory functions
The Grand Bahama Port Authority's (GBPA) regulatory functions must be "separated" from its assets to prevent it self-regulating businesses owned by its shareholders, a Freeport hotelier urged yesterday.
Push for reverse sexual orientation discrimination
MEMBERS of the LGBTQ+ community in The Bahamas seem to have a sense of entitlement and an us against them mentality.
Opposition: Is customs broker ‘integration’ legal?
THE Opposition’s finance spokesman last night queried whether the Customs laws and regulations must be changed before mandating that brokers acquire third-party software to “integrate” with its electronic import clearance system.
Gas price crisis wiping out retailers’ profits
Bahamian gas stations say “no business operates” on the unsustainable seven percent gross margins they are enduring amid warnings the sector may have to cut jobs and operating hours to survive.
Harbour Bay parking
Annoyance is a mild description when trying to shop at Harbour Bay Shopping Centre – where do the potential shoppers park?
