Union: ‘Everything on table’ over BPL woes
The Bahamas Electrical Workers Union’s (BEWU) president says “everything is on the table” in resolving its members’ grievances with Bahamas Power & Light (BPL) after all requirements for taking strike action were met.
AG to lead speakers at financial summit
The Nassau Conference, the annual professional development summit for the Bahamian international financial services sector, has announced this year's version will be held on Thursday, September 28, at Baha Mar.
A new era of big government spending: Reshaping the American economy amid geopolitical uncertainty
ActivTrades
Over the past two years, the US has witnessed a profound shift in economic policy, marking the dawn of a new era of big government spending. This transformation is driven by a combination of factors, including President Joe Biden’s ambitious initiatives, such as the Inflation Reduction Act and the CHIP Act, which are reminiscent of the largest government spending sprees of the 1930s. These initiatives not only aim to reboot the US economy but also set a precedent for the world to follow.
‘Instant payback’: Doctors in revenue doubling to $120m
Doctors Hospital yesterday predicted it will “double” total pre-COVID revenues to around $120m during its current financial year after enjoying “instant payback” on $6.6m in healthcare investments.
National debt up $458m despite ratios declining
The post-COVID economic revival dropped The Bahamas’ debt-to-GDP ratio to 85 percent at end-June despite the national debt increasing by $457.5m over the prior 12 months to $11.645bn.
Pintard: URCA must explain BPL 163% fuel hike approval
The Opposition’s leader yesterday renewed calls for regulators to explain why Bahamas Power & Light (BPL) had “made the case” for an up to 163 percent hike in its fuel charge amid concerns they failed in their duty to protect consumers.
Lodge owner in blast at ‘deplorable’ utility crisis
An ex-Bahamas Out Island Promotion Board president yesterday made an impassioned plea to address Mangrove Cay’s “deplorable” utility crisis which forced her to relocate to Nassau to handle bookings for the upcoming fishing season.
Exuma project pledging 300 jobs back on track
A $262m Exuma resort project, which is pledging to create 300 full-time jobs once build-out is complete, appears to be moving forward again with a public hearing on its environmental plans set for October 2023.
IAN FERGUSON: Proper research vital to a competitive edge
In business, knowledge is power. The ability to make informed decisions is crucial for any company’s success and growth. To achieve this, businesses rely on research.
Containment booms around sunken Potter’s Cay vessel
The port authorities have placed containment booms around a sunken vessel at Potter’s Cay dock to contain any potential oil spill as they wait on its owner to remove it.
Atlantis moves to boost staff career development
Dozens of colleges and universities descended upon Atlantis yesterday as the mega resort hosted its first career development fair in a bid to help employees further their education and personal development.
Bran’s law firm back with free legal clinics
The Halsbury Chambers law firm yesterday said it will host its 16th annual legal clinic this month and provide $20,000 worth of free consultations.
Digital assets summit aims to ‘rebuild trust’
Organisers of a major digital assets conference that will be held in The Bahamas next month yesterday said the event will seek to “rebuild trust” in crypto exchanges and the industry generally following FTX’s implosion.
‘Happy to be rid’ of ex-Robin Hood site
Compass Point’s last owner is voicing optimism that the sale of the former Robin Hood store on Prince Charles Drive will close before year-end after the property was plagued by vandalism, vagrants and copper theft.
ArawakX suspension extended to Monday
The Bahamas’ first-ever crowd funding platform yesterday saw its registration suspension extended until September 18 as it pleaded for more time to address Securities Commission concerns over its solvency.
