Coke maker won’t ‘knee jerk’ on 20% BPL hike
Coca-Cola’s Bahamian manufacturer yesterday pledged there will be “no knee jerk reaction” on consumer prices to “considerable” energy cost hikes “in the ball park” of around 20 percent.
Gov’t slashes deficit 65% despite VAT’s undershoot
The Government yesterday revealed that it slashed its fiscal deficit by two-thirds to come in just $55.6m outside its 2023-2024 full-year target despite a 15 percent undershoot on VAT revenues.
Aquapure eyes output doubling to put 2023 ‘nightmare’ behind it
A Bahamian bottled water supplier yesterday said a “significant” investment in new machinery will enable it to double output of key product lines and further put summer 2023’s “nightmare” behind it.
AML’s ‘first big win’ with $5m stock cut
AML Foods has scored a “first big win” through the efficiency and liquidity gains created from the $5m cut in its inventory levels, its president and chief executive has revealed.
National debt drops by $200m in June quarter
The Bahamas’ national debt fell by more than $200m during the three months to end-June 2024 as total repayments exceeded new borrowings by the Government.
Business Licence audits ‘crack open blue chip’ company flaws
Mandatory Business Licence audits have “cracked open” control and process flaws among companies viewed as “blue chip” in The Bahamas, a senior accountant revealed yesterday.
‘We’ve been down this road before’ over Bazaar’s sale
The Government has begun reaching out to the derelict International Bazaar’s 13 owners to gauge their interest in selling the site, but one warned yesterday: “We’ve been down this road before.”
Fishermen hail August as the ‘best in history’
The National Fisheries Association’s (NFA) president yesterday asserted that last month “will go down in history as the best August” the industry has ever had with poaching cut by up to “95 percent”.
GB’s restaurants await rebound to pre-Dorian
Grand Bahama-based restaurant and dining businesses yesterday said sales volumes have yet to rebound to pre-Hurricane Dorian levels some five years after the catastrophic storm struck.
Super Value to take 20% energy hike ‘on the chin’
Super Value’s owner yesterday pledged to take a 20 percent hike in energy costs from Bahamas Power & Light’s (BPL) new rate structure “on the chin” and not pass the increase on to consumers.
Top pharmacist: ‘We must reconsider VAT on drugs’
A senior pharmacist yesterday argued “we have to reconsider putting VAT on medicines” amid industry concerns over how reforms to a plan impacting more than 37,000 Bahamians could affect pricing.
Electric vehicle dealer in ‘no rush’ on new HQ
A Bahamian electric vehicle (EV) dealer says it is on target for a 30 percent sales increase in 2024 while revealing there is “no rush” to construct its planned headquarters on the East-West Highway.
Insurance sector bracing for weekend flood claims
Bahamian insurers yesterday said they are bracing for an unknown number of property and auto claims following the weekend’s heavy rainfall and flooding.
Union warns on rehiring public service retirees
A trade union leader yesterday warned it may initiate legal action over the Government’s contractual rehiring of retired public servants aged over 65.
Cruise port aims to become 100% solar
Nassau Cruise Port is aiming “within the next 60 days” to launch a project that will generate 100 percent of its energy needs from solar as it targets six million passenger arrivals for 2025.
