No Xmas ‘shock’ over food prices
Super Value’s president yesterday said consumers “won’t be shocked” by food costs over the Christmas period as she voiced hope for price stability in 2024.
Bahamasair groundings force plane ‘wet leasing’
Bahamasair has entered into “wet leasing arrangements” with a US company to temporarily rent planes, and enlisted Western Air’s support, after several of its own aircraft were grounded by mechanical woes.
No Junkanoo bleachers complaints voiced - yet
Downtown Nassau businesses have not complained about Junkanoo bleachers impeding Christmas trade yet even though there is still “some room for improvement” over their set-up.
MP working to ‘mitigate’ Abaco water billing woe
An Abaco MP yesterday said he is working with the Water and Sewerage Corporation (WSC) to alleviate consumer woes caused by back billing and mass disconnections.
Salvation Army sees Xmas donations fall
The Salvation Army yesterday revealed Christmas donations have declined this year despite launching collections at new locations with donor numbers remaining unchanged.
Sir Franklyn: ‘Price deflation’s’ consumer confidence boost
A BISX-listed food retailer’s disclosure of “price deflation” in some product categories should inspire improved consumer confidence heading into 2024, a Bahamian businessman argued yesterday.
Cruise port: 4.2m projection beaten and 65 ships to come
Nassau Cruise Port’s top executive yesterday said the loss of three vessel calls on Friday due to bad weather is “not material” with the original full-year 4.2m passenger arrivals target already beaten.
Accountants: ‘Some wins’ on Business Licence verification
Accountants have secured “some wins” over enhanced Business Licence reporting through less intensive scrutiny that will be applied to companies below the $5m annual turnover threshold.
Water Corp losing 55% of Family Island supply
More than half the Water & Sewerage Corporation’s supply to Family Island customers never reaches the end-user, it has been revealed, resulting in a negative 306 percent operating loss margin.
NHI’s electronic records give boost to patient care
The National Health Insurance Authority (NHIA) has partnered with an electronic records provider to enhance patient care and efficiency for the scheme’s 150,000 residents.
AML Foods set to ‘vigorously fight’ $1m unpaid VAT claim
AML Foods has pledged to “vigorously contest” the Government’s demand that it produce nearly $1m in “unpaid” VAT related to Grand Bahama’s port-Hurricane Dorian economic recovery zone (SERZ).
‘More improvements’ needed on Bahamas First’s Cayman health
Bahamas First says “more improvements” are required before the woes impacting its Cayman health portfolio are fully behind it as it unveiled profits of $2.2m for the quarter to end-September 2023.
Room supply ‘restrains’ 30% stopovers growth
The Deputy Prime Minister says The Bahamas will be “restrained” from consistently growing stopover visitor numbers by 30 percent if it fails to expand the supply of hotel and vacation rental rooms.
Rates remain unchanged
ActivTrades
After their recent record run, the international stock markets lacked further momentum at the end of last week. On Friday, investors lacked buying arguments on both sides of the Atlantic and trading was experiencing a lacklustre day all around.
Governor backs corporate income tax if ‘framing right’
The Central Bank’s governor has given guarded backing for a corporate income tax amid private sector calls for the Government to avoid a “piecemeal” approach to this reform.
