Zero first-half progress on $16.4m Water Corp debts
The Government was yesterday shown to have made zero progress during the 2023 first half in reducing the Water & Sewerage Corporation's $16.4m debt to its main BISX-listed reverse osmosis supplier.
Blacklist escape 'very big deal' for insurance
The Bahamas Insurance Association's (BIA) chairman yesterday said it will be a “very big deal" for the industry and its clients if The Bahamas remains blacklisted by the European Union (EU) beyond October.
Fraud allegations hit trucking chief's estate
Fraud allegations have ensnared the estate of a former Independent Truckers Association chairman over the true ownership of two heavy equipment vehicles.
Year-round real estate: July 'best month' by 30%
Realtors yesterday asserted the Bahamian property market has joined tourism in becoming a year-round industry with one revealing that July exceeded all other months "by at least 30 percent" as the strongest for contract signings.
IAN FERGUSON: Private sector must help to improve food security
Food security and sustained agricultural production are ongoing conversations that developing countries are having more frequently as we face the mounting challenges of war, drought and famine. The Bahamas, given its vulnerable position as an estimated $1bn per year food importer, must seriously engage in this conversation.
Ex-MP denies BPL protest is 'political'
A former FNM MP for North Andros yesterday denied that Wednesday's protest over Bahamas Power & Light's (BPL) woes was political, asserting: "I live here too."
Ex-DPM: ‘Disgraceful’ failure to improve BPL
The Government was yesterday accused of a “disgraceful” failure to build on prior upgrades at Bahamas Power & Light (BPL) with an ex-deputy prime minister asserting he will “fully defend” what was done under his oversight.
FTX consumes 21% of Commission costs
FTX’s implosion consumed 21 percent of the Securities Commission’s near-$15m operating expenses last year as it raced to preserve client assets and tackle the legal and regulatory fall-out.
Developer sparks ‘500 leads’ with community’s sales start
A Bahamian developer yesterday disclosed it has generated “well over 500 verified leads” for potential purchasers in its south-western New Providence community just over a week after launching its sales drive.
Fresh oil contamination ‘tragic’ for GB’s tourism
Fresh oil pollution was yesterday described as both “tragic” and “treacherous” for Grand Bahama’s tourism industry and wider economy with environmental activists estimating that up to 25 miles of beach could be contaminated.
North Andros demands ‘answers’ over BPL woe
North Andros residents and business owners yesterday protested over their energy woes and the frequent power outages suffered since a fire destroyed Bahamas Power and Light’s (BPL) power plant last month.
RODERICK A SIMMS: How our ‘leaky bucket’ threatens development
The ‘leaky bucket’ syndrome represents a major obstacle to The Bahamas’ economic growth and development. This metaphor symbolises the continuous loss of resources, opportunities and potential that impedes the country’s progress. At the heart of this syndrome is the pervasive issue of corruption. In this segment, we will explore how corruption perpetuates the ‘leaky bucket’ phenomenon in The Bahamas, worsening several inter-related challenges.
Restaurant chain eyeing 20% bond for expansion
A restaurant entrepreneur, who financed his expansion via crowdfunding, yesterday said he now plans to offer a short-term bond paying 20 percent interest to fund the $150,000 required for outfitting a third location.
Excursion provider says boating fee hikes ‘crazy’
A Bahamian excursion operator yesterday branded up to ten-fold increases in annual and first-time boat registration fees as “crazy” and warned it threatens to increase the number of unlicensed tour companies.
‘Smooth sailing’: Resort’s $30m annual GB boost
Fears that a major resort development may have stalled were eased yesterday after it was revealed the project will generate a $30m annual boost for Grand Bahama’s ailing economy once fully operational.
