Governor: Reducing Gov’t bond issues to start in ‘24
Efforts to slash the Government’s more than 200 Bahamian dollar bond issues to a lesser number will start this year, the Central Bank’s governor has revealed, although no reduction target has been set.
BPL ‘cannot supply’ cruise port’s 60 MW power need
The Government is seeking private sector bids to supply “up to” 60 Mega Watts (MW) of power to vessels at Nassau Cruise Port because Bahamas Power & Light (BPL) “cannot supply” this demand.
BPL grid firm targets 31% profits increase
The company poised to take over New Providence’s energy grid is predicting that its profits will increase by more than 31 percent during its first five years to reach $13.677m.
PI Crown Land battle in Privy Council go-ahead
The Bahamian entrepreneur battling to restore Paradise Island’s lighthouse yesterday thanked the Government for “putting down their gloves” by not opposing his Privy Council appeal.
Opposition ‘doesn’t buy’ foreign majority marijuana ownership
The Opposition’s leader yesterday said his party “doesn’t buy” the Government’s explanation for why majority foreign ownership will be permitted in key sectors of a legalised medical marijuana industry.
BTC line staff’s ‘first industrial deal salary rise for ten years’
Members of the Bahamas Telecommunications Company’s (BTC) line staff union received their first “industrial agreement-related salary increase in ten years” with the signing of yesterday’s deal.
Water Corp targets Q4 for monthly bills start
The Water and Sewerage Corporation yesterday said it plans to switch to billing customers on a monthly basis during the 2024 fourth quarter as it installed its first digital water meter on New Providence.
Pharmacists succeed on Cannabis Bill changes
The Bahamas Pharmaceutical Association’s (BPA) president yesterday said the profession was successful in pushing for more oversight of the proposed medical marijuana industry.
PM: Medical marijuana is ‘new economic reality’
The Prime Minister yesterday said legislation to legalise medical cannabis will create a “new economic reality” for The Bahamas with thousands of new jobs in agriculture, manufacturing, retail and healthcare.
BPL grid’s value doubles in $100m bond document
The company taking over New Providence’s electricity grid appears to be valuing it at more than double the Government’s price in an offering document promoting its new $100m bond issue.
‘Brazen attempt’ to avoid Bahamas court on $370m FTX claim
FTX’s Bahamas liquidators are slamming “a brazen attempt” by a failed crypto lender “to circumvent” this nation’s Supreme Court in pursuing $370m worth of claims.
Ex-BEST chief loses appeal on $1.75m missed payment
THE Bahamas' former top environmental regulator can no longer prevent his Shirley Street gas station's seizure by the Bank of The Bahamas' bail-out vehicle because he failed to pay a $1.75m security.
ACTIVTRADES: Busy election year
Investors worldwide are nervously looking forward to the numerous trend-setting elections this year. This year is set to be a record-breaking one for elections, with more than two billion voters going to the polls in 50 countries. We have entered a new age of political extremes, culture and trade wars, cold and actually shooting wars.
Straw vendors disappointed on cruise port marketing deal
Straw Market vendors are voicing “disappointment” that the Nassau Cruise Port has not made more of an effort to restart stalled talks on marketing their products to its thousands of visitors.
60,000 water meter switch boost to Water Corp clients
The Water & Sewerage Corporation will today launch a $15m-plus initiative to replace more than 60,000 residential water meters as part of an $87.5m capital improvement drive.
