Gov’t procurement portal taking ‘positive’ direction
The Government’s online procurement portal is heading in a “positive” direction by providing timely updates on contract awards, a governance reformer said yesterday.
CBS: Online platform in 20% of Xmas sales
A Bahamian retailer yesterday said its e-commerce platform is generating 20 percent of total revenue this Christmas season.
Dorian and COVID-19 cost Bahamas one year’s GDP
The Inter-American Development Bank (IDB) has approved doubling its crisis financing facility for The Bahamas to $200m after combined Dorian and COVID losses matched this nation’s annual economic output.
Bahamian ‘Russian roulette’ with 30% uninsured drivers
The Bahamas is “really playing Russian roulette on the road” with its citizens’ lives by failing to crack down on the estimated 25-30 percent of drivers who are uninsured, insurers warned yesterday.
British Colonial employs ‘stair step’ opening plan
The British Colonial’s general manager yesterday affirmed the resort is “being very conservative” following its re-opening so as not to “overwhelm our staff” with a sudden surge in visitor demand.
FTX Chapter 11 plan needs Bahamas deal
Plans to bring FTX out of bankruptcy protection in the US cannot be finalised without agreement with their Bahamian counterparts as “ongoing good faith negotiations” between the two sides continue.
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.
