06112024 EDITION
Tuesday, June 11, 2024
Insurer’s 2023 worse than expected in 72% profit fall
A Bahamian insurer yesterday said a “challenging” 2023 turned out worse than expected as profits plunged by almost 72 percent as a result of reinsurance cost hikes outpacing local premium increases.
Bahamian firms chosen for renewable contracts
Several Bahamian providers have been selected as preferred bidders to generate utility-scale renewable energy on New Providence and the Family Islands, it was revealed yesterday.
‘We’ve stopped complaining on high light bills. It’s terrible’
A prominent advocate for Bahamian small businesses yesterday said most of his clients and members have ceased complaining about high energy bills and power outages because it is “so normal”.
FOCOL chair: BPL deal is ‘real change’
FOCOL Holdings yesterday confirmed “a good portion” of the $70m recently raised from investors will finance its power generation deal with the Government, its chairman pledging: “This is real change.”
Energy reform’s $126m ‘game changer’ won’t occur overnight
The Government yesterday pledged Bahamas Power & Light (BPL) and its customers will ultimately enjoy $126m in annual savings through “desperately” needed energy reforms that “won’t happen overnight”.
Graduation rate sees 14 percent increase
EDUCATION Minister Glenys Hanna Martin said the graduation rate increased by 14 per cent compared to the previous academic year after government approved changes to the Bahamas High School Diploma.
Two men shot to death in less than 24 hours
A MAN was shot dead last night in the second murder of yesterday and the 53rd murder of the year.
Sex claim about senior govt official dubbed ‘just rumours’
AFTER sex-related rumours about a senior government member spread like wildfire over the weekend, communications director in the Office of the Prime Minister Latrae Rahming said the government is not distracted by “social media trolls”.
Andros woman pleads guilty to drug charge
A WOMAN was sentenced to three years in prison yesterday after admitting to holding a loaded gun and $40,000 worth of cocaine in her North Andros home last week.
BPL deal to bring ‘new era’
THE Davis administration unveiled its planned reforms for the country’s energy sector yesterday, pledging to modernise the electricity grid and introduce equity rate adjustments for more affordable and reliable electricity.
Otabor coming into her own
IN 2018 just before the CARIFTA Games here in Nassau, Rhema Otabor connected with coach Corrington Maycock in his Blue Chip Athletics Club as she followed her brother Michaelangelo Bullard.
Hanna Martin addresses education concerns
EDUCATION Minister Glenys Hanna-Martin is concerned about businesses catering to students during school hours and parents threatening school safety through disorderly conduct that require intervention from law enforcement officers.
Andre Rodgers senior national baseball tourney was a success
DESPITE the inclement weather, Bahamas Baseball Association secretary general Theodore Sweeting said they still had a very successful Brice Newball Foundation/Andre Rodgers Senior National Baseball Tournament.
BPL announcement ‘does not alleviate’ union concerns
BAHAMAS Electrical Workers Union (BEWU) president Kyle Wilson said the Davis administration’s announcement of plans to reform Bahamas Power and Light has not alleviated employees’ concerns about their future with the company.
Officer testifies that victim had replica gun and wore makeshift bullet-proof vest
JURORS in the Coroner’s Court yesterday heard that a man police killed in 2022 had a fake gun and a makeshift bullet-proof vest.
Woman accused of stealing almost $400k from two different people’s bank accounts
A woman’s police bail was extended yesterday after she was accused of stealing almost $400,000 from two the bank accounts of two people over two years.
Bahamas blanked by the D.R.
The Bahamas 10-and-and-under Pony League baseball team fell short against the Dominican Republic in their playoff game at the Caribbean & Latin American Zone Championships.
Cara Saunders earns her IFBB Pro card
CARA Saunders became the latest Bahamian to earn her IFBB Pro League, winning the women’s Wellness title at the Toronto Show in Toronto, Canada over the weekend.
