DPM: BOB rescue ‘hasn’t worked’ as losses grow 61%
The Deputy Prime Minister yesterday declared that all efforts to rescue stricken Bank of the Bahamas (BOB) have “obviously not worked to-date”, after the insolvent institution’s losses jumped 61 per cent for the 2017 financial year to-date.
Govt urged: ‘Fully disclose’ Christie’s BPL agreements
A former Cabinet minister yesterday urged the new government to “fully disclose” the energy supply deal entered into by its predecessor, questioning who would finance the multi-million dollar BPL “conversion” bill.
Central Bank makes good on e-payment regulation promise
The Central Bank yesterday made good on its pledge to introduce electronic payments regulation by mid-year 2017, unveiling a short one-month consultation on the proposed supervisory framework.
SuperGreen Solutions: Seeing the light with solar AC
Think about your home. What is the single biggest consumer of power? What is the biggest part of your electricity bill? Since you read the title of this article, I am going to go out on a limb and guessed you said “my air conditioning”.
New Minister: Landfill still a ‘major priority’
The newly-appointed Minister of the Environment and Housing yesterday said tackling the New Providence landfill’s woes remains a major priority, acknowledging that he was in the process of “digesting everything” in his portfolio.
TUC president targets better labour relations
The Trades Union Congress’s (TUC) president said yesterday he hoped for more peaceful industrial relations in the Bahamas following the new administration’s election, adding that he did not want a repeat of the past 12 months.
Realtor’s ‘staggering’ Q1 sales volume rise
A leading realtor yesterday revealed his firm had seen a “staggering” year-over-year increase in 2017 first quarter sales volumes, with the new government’s election provided “a great opportunity” to further grow the Bahamian market.
New Govt told: ‘Jump immediately’ on BPL
A former Cabinet Minister yesterday warned the new administration that it will have to “jump immediately”on Bahamas Power & Light (BPL), given the increased summer energy demand and commitments to Baha Mar’s new owner.
MAB chief: Don’t repeat NHI ‘ram down our throats’
The Medical Association of the Bahamas (MAB) president yesterday urged the new government to be “more honest and open” over healthcare reform than its predecessor, which he accused of “ramming NHI down our throats”.
FamGuard sees 103% increase in Q1 profits
Family Guardian’s parent yesterday reported a 103 per cent year-over-year increase in 2017 first quarter net income, after an 11.5 per cent drop in total benefit payouts offset a $1.7 million revenue contraction.
Govt asked: Do all GBPA licensees get 20-year tax breaks?
The Government was yesterday urged to clarify whether it will grant Freeport businesses an automatic 20-year extension of their expired tax breaks, amid general acclaim for its pledge to “roll back” the Christie administration’s impositions.
‘Critical’ to implement anti-corruption reform
It is “critical” that the nw government follow through on its transparency and anti-corruption reform pledges, Transparency International’s Bahamas representative said yesterday, arguing that achieving these objectives will eventually cut the fiscal deficit.
Chamber chief backs lending relaxation end
The Chamber of Commerce’s chief executive yesterday backed the Central Bank’s decision to end the seven-month relaxation of lending guidelines post-Hurricane Matthew.
Deputy PM pledges ‘job killer’ roll back
The Deputy Prime Minister has promised to “roll back” the requirement for Freeport businesses to apply for real property tax exemptions and other incentives, describing this as “a job killer”.
‘No balanced Budget’ warning for 2017-2018
The Deputy Prime Minister yesterday warned that the former administration may have “hamstrung” the Government’s goal of delivering a balanced Budget, and meeting its VAT and inner-city tax breaks pledges, in the short-term.
