GB power rate review halt like ‘band aid on amputation’
The Grand Bahama Port Authority’s (GBPA) move to suspend its review of Grand Bahama Power Company’s base rate increase proposal was yesterday likened to “putting a band aid on an amputation”.
Tie minimum wage rise to inflation, specialist urges
The authority responsible for addressing all labour-related matters in The Bahamas has yet to discuss another potential minimum wage increase amid calls for all future rises to be linked to inflation.
‘Much to be done’ but Davis positive over S&P
Prime Minister Philip Davis acknowledged Standard & Poor’s (S&P) ‘B+’ long-term credit rating with a “stable” outlook while “recognising there is much work yet to be done”.
GB ‘better than in 25 years’ in real estate performance
The real estate sector in the Bahamas is “very solid” with Grand Bahama performing better than it has in 25 years.
‘Show leadership’ on bank fees
Opposition Leader Michael Pintard called on the Davis administration to provide “comprehensive” banking reforms to end “unjustifiable” bank charges.
‘Hopeful’ in Bahamas despite US strike risk
Some Bahamian companies are remaining optimistic despite the International Longshoremen’s Association’s promised strike today, and they hold high hopes that the Biden administration will not allow it to be prolonged.
Customer event gives BTC chance to hear their views
A DAY of customer appreciation and feedback was held yesterday by Bahamas Telecommunications Company (BTC) - the second year running for the luncheon that seeks to receive feedback from customers on how services can be improved.
'Many' taking up exemptions for first-time homeowners
Indira Wright, manager in the Real Property Tax Unit of the Department of Inland Revenue, said many individuals have come in to the department to take advantage of the Stamp Tax Amnesty and the VAT exemptions for first-time homeowners.
Bahamasair’s US flights under threat
Bahamasair’s managing director yesterday voiced optimism that the leading American airlines will fail in their bid to prevent it gaining regulatory permission to operate in the US.
‘Don’t get comfortable’ with S&P’s status quo
The Bahamas “must not get comfortable” with avoiding a further downgrade by maintaining its existing ‘junk’ grade creditworthiness with Standard & Poor’s (S&P), a prominent banker is arguing.
Former Furniture Plus chief’s $101k payout ‘duress’ rejected
A former Furniture Plus vice-president’s claim that she was coerced into signing a $101,250 termination settlement under “duress” has been rejected by the Industrial Tribunal.
Nassau port on ‘high alert’ over US strike
Nassau’s main commercial shipping port yesterday said it is on “high alert” for potential supply chain disruption resulting from tomorrow’s US dock workers strike as it urged all businesses: “Be prepared.”
‘Nervous’ insurers awaiting Helene’s Bahamas impact
Bahamian insurers were yesterday nervously watching Hurricane Helene’s progress amid fears it could negatively impact supply and property coverage premium prices for this nation’s consumers.
‘Exact coincidence’ Baha Mar’s $54m matched Colonial’s price
Baha Mar’s original developer is blasting its contractor’s assertion that it was an “exact coincidence” the $54m sought to “accelerate” the resort’s completion matched what it needed to buy the British Colonial.
APD not giving up over Marsh Harbour port bid
The Nassau Container Port’s operator yesterday said it has not given up on winning the bid to overhaul Marsh Harbour’s commercial shipping port despite assertions that all contenders had backed out.
