Unions: BTC owner ‘exporting all value’
The Bahamas Telecommunications Company’s (BTC) two trade unions yesterday voiced fears the carrier will become “a shell company” as they accused its majority owners of “exporting” all its value.
RBC donation marks opening of new branch
RBC Royal Bank (Bahamas) says it marked the official opening of its relocated Prince Charles branch with a $25,000 donation to the Great Commission Ministries Children’s Club.
Deflation in the East
ActivTrades
Everyone in The Bahamas is feeling the rising cost of goods, energy and transportation. No matter if you visit the food store, turn on your AC or fuel up your car, you are paying more for these necessities than compared to the previous year. But the inflation rate in the islands is decreasing, and went down from 3.1 percent to 2.3 percent when compared to last year.
Parking ‘satisfied’: Wynn penthouse project is go
The Town Planning Committee’s chairman yesterday confirmed it has approved Wynn Group’s 14-storey Goodman’s Bay penthouses after it “satisfied” long-standing parking concerns.
Abaco in ‘catch 22’ over Marsh Harbour port plan
Abaco faces “a catch 22” between further fee and cost of living increases and the need to fully restore its main Dorian-devastated commercial shipping port, it was argued yesterday.
Sam Bankman-Fried ‘wants to be heard’ in FTX Bahamas wind-up
FTX’s founder says he “wishes to be heard” at today’s Supreme Court hearing on the winding-up petition intended to place the crypto exchange’s Bahamian subsidiary into full liquidation.
Chief Justice is ‘satisfied’ ArawakX $2.4m insolvent
The Chief Justice yesterday ruled “there is more than sufficient evidence” of ArawakX’s $2.4m insolvency to justify appointing a provisional liquidator to take control of its affairs and protect assets.
Gov’t denies BPL $5 late fee plans
The Government yesterday said it has “no intention of allowing Bahamas Power & Light” to impose an extra $5 charge on late-paying consumers and further burden struggling households.
IAN FERGUSON: Business must do its part on Xmas security
As we near the start of the holiday season, there is usually an expectation that the criminal element will increase their activity. While we cannot predict the extent to which crime will increase, we do know that economic pressures, increasing social ills and opportunities through increased tourist activity creates the potential for a perfect storm.
Water Corp ‘pursuing’ capital works finance
The Water and Sewerage Corporation plans to pursue loan and financing programmes to fund capital works throughout The Bahamas after completing its corporate business plan, it was revealed yesterday.
Water Corp unveils AI leaks detection
The Water and Sewerage Corporation yesterday unveiled artificial intelligence (AI) technology that it plans to deploy to detect leaks.
UPDATE: Govt won't allow BPL to impose late fee
THURSDAY AFTERNOON UPDATE: The Davis administration said it will not allow BPL to impose a late fee on the Bahamian people. It was only one of five considerations in a discussion to lower the company’s outstanding arrears, according to Acting Press Secretary Keishla Adderley at the OPM press briefing this morning. BPL also released a statement (left) saying it did not have plans to impose a late fee on its customers at this time.
BOB rejects $33m ArawakX demand
The Securities Commission was yesterday accused of “callous disregard” for ArawakX’s interests by allegedly interfering with its demand for a $33m settlement from Bank of The Bahamas.
Bahamasair in pilot retirement age rise over shortage fear
Bahamasair is seeking to raise its pilot retirement age to 65 amid fears it faces an imminent shortage of experienced captains with eight passing through the ‘departure gate’ since 2022.
Bahamas natural resources in $150m yearly protection
The Bahamas requires “in excess of $150m” annually to protect its critical natural resources, it was disclosed yesterday, amid efforts to raise just one-fifth of this sum to fund ongoing conservation projects.
