‘We’ve stopped complaining on high light bills. It’s terrible’
A prominent advocate for Bahamian small businesses yesterday said most of his clients and members have ceased complaining about high energy bills and power outages because it is “so normal”.
FOCOL chair: BPL deal is ‘real change’
FOCOL Holdings yesterday confirmed “a good portion” of the $70m recently raised from investors will finance its power generation deal with the Government, its chairman pledging: “This is real change.”
Insurer’s 2023 worse than expected in 72% profit fall
A Bahamian insurer yesterday said a “challenging” 2023 turned out worse than expected as profits plunged by almost 72 percent as a result of reinsurance cost hikes outpacing local premium increases.
Bahamian firms chosen for renewable contracts
Several Bahamian providers have been selected as preferred bidders to generate utility-scale renewable energy on New Providence and the Family Islands, it was revealed yesterday.
Energy reform’s $126m ‘game changer’ won’t occur overnight
The Government yesterday pledged Bahamas Power & Light (BPL) and its customers will ultimately enjoy $126m in annual savings through “desperately” needed energy reforms that “won’t happen overnight”.
BPL grid bidder seeks $30m Bahamian equity
THE company set to be charged with overhauling Bahamas Power & Light’s (BPL) electricity grid is seeking to raise $30m in equity from local investors, it has emerged.
Gov’ts $85.3m March surplus monthly record
The Government’s $83.5m fiscal surplus for March 2024 was the largest since monthly reporting began almost three years ago - driven by a mix of revenue gains and reduced spending.
‘No need for alarm’ over slowing Q3 tourism pace
The Bahamas Hotel and Tourism Association’s (BHTA) president says there is “no need to raise the alarm yet” over a slowing third quarter booking pace as the industry “normalises” back to single digit growth.
Gov’t ‘not honouring’ industrial agreements
A trade union leader is warning of rising workplace tensions as he accused various government agencies of failing to either “honour” or “execute” industrial agreements.
Bazaar purchase positive but must be piece of wider plans
The Government’s recent decision to acquire the International Bazaar, a significant asset, is a testament to the Prime Minister’s commitment to reviving Grand Bahama.
Gov’t allocates $1m for Royal Oasis deal
The Government has allocated $1m in the 2024-2025 Budget to finance its purchase of the dilapidated Royal Oasis resort with a matching amount for the West Sunrise Highway.
PM: Committee to combat living costs no ‘talking shop’
The Prime Minister has denied that a committee created to help tackle The Bahamas’ cost of living crisis will merely be “a talking shop”.
Taxi chief hails ‘tremendous benefit’ from extra tax relief
The Bahamas Taxi Cab Union’s president has hailed the expanded Excise Tax elimination to cover imported vehicles less than five years-old as “a tremendous benefit” to his members.
Cayman health loss doubles to hit Bahamas First profits
A 149 percent increase in losses incurred by its Cayman health business dropped Bahamas First to $2.293m in comprehensive ‘red ink’ for the 2024 first quarter despite improvements elsewhere.
Broker’s bids to knock out Bahamians’ testimonies
A former Nassau broker/dealer is demanding that Supreme Court depositions given by his former Bahamian executives be barred from evidence at trial because they are “unfair” and unreliable”.
