BPL plunges to negative -20% net profit margins
BAHAMAS Power & Light’s (BPL) financial crisis was yesterday further exposed by negative net profit margins of -20 percent and -24 percent for the past two financials years when it was unable to cover its debts.
AML Foods ‘expands ambitions’ to target $300m sales by 2030
AML Foods yesterday said it has “expanded our ambitions” to now target becoming a “$300m company by 2030” as its top executive asserted: “We are bullish on our industry.”
URCA: BPL must slash outage frequency 40%
BAHAMAS Power & Light (BPL) must reduce the frequency and length of power outages by 40 percent and 60 percent, respectively, to meet standards set by its regulator, it was revealed yesterday.
‘Tremendous concern’ on Silver’s Bimini airlift halt
TOURISM executives yesterday said it was “a tremendous concern” that Bimini’s major source of commercial airlift had suspended all flights until Friday due to the airport’s inoperable fire truck.
Labour body yet to see new minimum wage rise
THE body responsible for dealing with all labour-related matters in The Bahamas has not discussed any proposed minimum wage increase because it has not been reformed since July 1.
‘Strong interest’ still in Bahamas ship registry
A CABINET minister has urged Bahamians to pursue maritime industry careers with this country’s shipping registry continuing to attract “strong interest”.
Chamber ‘cautious’ over new minimum wage talk
THE Chamber of Commerce’s chief executive yesterday said the private sector already faces “a myriad of challenges” apart from having to contend with a new minimum wage increase.
University launches president search
THE search for the next University of The Bahamas (UB) president is underway after its board of trustees released a document detailing what it is seeking from the new hire.
Regulator hails replacement of ‘12 year-old’ securities law
THE Securities Commission yesterday hailed the replacement of the “12-year-old legal framework” that governed the Bahamian capital markets with a new law that took effect on Monday.
Upgraded digital assets law is now implemented
UPGRADED legislation to regulate the digital assets industry took legal effect yesterday, the Securities Commission confirmed.
Sandals hits back at claim it hid 60% of resort’s intake
SANDALS is disputing assertions by the Bahamian tax authorities that its Emerald Bay resort only reported 40 percent of revenues earned as it defended its one-of-a-kind “business model”.
Tax authority ‘alarm’ over accounting at $5m firms
Bahamian tax authorities are “shocked” and “alarmed” at the number of $5m-plus turnover companies who are being audited or preparing financials for the first time to meet the new Business Licence mandate.
‘Patient safety’ concern as attorneys usurp watchdog
Attorneys are usurping the Bahamas Medical Council’s (BMC) role as physician watchdog to the point where patient safety may be endangered, the FNM’s chairman is arguing.
BPL grid firm closes $100m bond amid ongoing queries
The company poised to take over New Providence’s electricity grid closed its initial financing with an “oversubscribed” $100m bond raise amid ongoing concerns over the deal’s structure.
Pintard: ‘Celebrating economic suicide’ as stopovers decline
The Opposition leader yesterday doubled down on fears this nation is “celebrating economic suicide” with The Bahamas the only Caribbean country suffering a stopover visitor decline in 2024’s first four months.
