Tax payers put on hook for $105m guarantees
Bahamian taxpayers have quietly been placed on the hook for a further $105m in government borrowing guarantees needed to underwrite new debt, refinance existing liabilties and pay-off prior defaults by the Bahamas Mortgage Corporation and Education Loan Authority (ELA).
'Govt Health Insurance resumption will be tested today'
A Bahamian surgeon yesterday said the Government’s pledge that health insurance coverage for hundreds of public sector workers has “resumed” will be “tested” today amid assertions that premium payment arrears could be as high as $100m.
Strong discipline required to stop company’s drif
It is unusual for a company to fail due to a single bad decision. More often, they fail because small compromises become accepted practice.
Tourism operator loses 15%of July 4 sales to BPL woes
A Bahamian tourism operator estimates it lost 15 percent of US Independence Day sales due to Friday’s electricity woes with yesterday’s power outage continuing to disrupt commerce during one of the busiest periods for American visitors.
Gov’t to meet union chief on BPL bribe accusations
The Government yesterday said it will meet with the Bahamas Electrical Workers Union’s (BEWU) president after he alleged he was offered hundreds of thousands of dollars in bribes to "sell out" his members and has since been subjected to victimisation after refusing the pay-off.
Mayaguana fears outsiders to beneft more from growth
Mayaguana residents are voicing concerns that outsiders will benefit more than locals from the latest development plans for the island, adding that land ownership disputes and limited access to financing threaten their ability to capitalise on future investments.
Retailer: Independence sales ‘really good’ for past 3 weeks
A Bahamian retailer says early shopping and growing demand for patriotic apparel has helped fuel strong Independence Day sales despite the squeeze imposed on profit margins by higher fuel prices and rising shipping costs.
Solar energy to expand to more Gov’t buildings
THE Bahamas is preparing to expand the installation of roof-top solar energy to more government facilities, including the Ministry of Education, Science and Technology’s offices, as part of a broader push to modernise energy infrastructure and reduce dependence on imported fossil fuels.
Opposition: Extend VAT school relief to gasoline
Opposition senators yesterday urged the Government to extend its annual VAT holiday beyond school supplies to gasoline, arguing that a projected $200m-plus fiscal surplus gives it room to provide temporary relief from rising fuel costs.
Bahamians are urged: Don’t leave ‘last counter standing’
A Government senator yesterday argued that Bahamian banks must stop viewing entrepreneurs as lending risks and instead see them as future customers, noting that access to financing - not a lack of capital - is holding back the country's small businesses.
Chamber warns on skills gap while praising jobless figures
THE Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) yesterday welcomed the country’s lowest sustained unemployment levels in years, but warned that skilled worker shortages and widening skills gaps continue to threaten business expansion and economic growth.
ORG teams with Novio Groupon non-profit digital database
The Organisation for Responsible Governance (ORG) and Novio Group are partnering to create a digital database that will improve the visibilty of, and access to, Bahamian non-profit and faith-based groups.
Marine conservation fund seeks support at regatta
The Bahamas Protected Areas Fund (BPAF) used its sponsorship of Regattas in The Abacos (RITA) 2026 to seek support for its marine conservation efforts.
Businesses: Bank fees grow but we're getting less service
BAHAMIAN businesses yesterday challenged the up to 20 percent increase in commercial banking fees by arguing they are paying more for reduced services.
Senator tells BPL, Bahamas Grid: ‘Get your act together’
AN Opposition senator yesterday asserted that Bahamas Power & Light (BPL) and Bahamas Grid Company "need to get their act together" as businesses lose revenue from frequent power outages and consumers complain about increasing summer bills.
