DEREK SMITH: AI governance vital to corporate futures
Artificial Intelligence (AI) has transformed industries by improving decision-making, streamlining operations and enhancing customer experiences.
URCA to ‘use all avenues under law’ on GB Power
The Utilities Regulation and Competition Authority (URCA) yesterday pledged it “will use all avenues available under the law” in responding to Grand Bahama Power Company’s bid for a rate increase.
Airline warning: ‘We’re being taxed to death’
A senior tourism executive yesterday urged The Bahamas “to convert our proximity into affordability” after multiple airlines serving this destination warned: “We’re being taxed to death.”
PM: BPL grid deal finalised ‘in a week’
The Prime Minister yesterday defended his administration’s decision to outsource New Providence’s electricity grid to private investor control while revealing the deal will be finalised in “about another week”.
BPL ‘pretty confident’ on record Abaco demand
Bahamas Power & Light’s (BPL) top executive is “pretty confident” it will be able to handle Abaco’s 30 mega watt (MW) energy demand that is forecast to shatter pre-Dorian records next summer.
Bank ordered to hand over $63,000 from ex-MP’s account
A BISX-listed bank has been ordered to hand over $63,000 from accounts belonging to an ex-MP and Supreme Court judge to help repay a multi-million dollar debt owed to a US investor.
PM eyes Lucayan deal ‘in two weeks’
The Prime Minister yesterday confirmed “intense discussions” have been held with a potential buyer for the Grand Lucayan resort and he expects a deal to be finalised over the next two weeks.
Minister backs calls to ease building red tape
A Cabinet minister yesterday said he shortly hopes to ease red tape associated with the approval of Family Island building plans.
Aviation chief targets Abaco year-end air arrivals rebound
The Government’s aviation chief yesterday said Abaco’s higher-spending air arrivals are still 12 percent down on pre-Dorian’s 2019 numbers as the island’s revival from the devastating storm progresses.
Building entrepreneurs offers clear advantage
Research shows that countries which provide support to entrepreneurial ventures among their local population often experience unprecedented, sustained growth and development.
Jazz Chisholm Jr has ‘tunnel vision’ for MLB playoffs
Jasrado “Jazz” Chisholm Jr knew he came to the New York Yankees for one purpose and that is to win the Major League Baseball title.
GB Power customers facing ‘maximum’ 4% light bill rise
A long-time Grand Bahama Power Company critic yesterday accused the utility of being “out of touch” with consumers as it unveiled a five-year, $76.6m capital investment plan.
Import price boost through Arawak port’s LNG tie-up
Nassau’s main commercial shipping post is eyeing a further revenue boost that will help contain goods prices for Bahamian consumers after it produced a 22 percent profits increase for 2024.
Baha Mar eyes 500 jobs with Melia replacement
Baha Mar’s developer will invest $350m to construct a new resort where the former Melia hotel once stood via a project that will create 500 permanent jobs once open.
Commission ‘ramps up’ penalties for anti-financial crime breaches
The Securities Commission’s top executive yesterday said it has “ramped up” efforts to combat escalating “major breaches” of Bahamian anti-financial crime laws by its licensees that totalled 223 last year.
