Authentic Bahamian goods sales struggle
VENDORS at the Nassau Cruise Port have been having difficulty in promoting and selling authentically Bahamian products, it was asserted during a press conference held by the Trade Union Congress (TUC) yesterday.
Musicians hit at ‘second class citizens’ treatment
Bahamian musicians yesterday argued that they remain unemployed while foreign entertainers are permitted by the Government to work at major New Providence resorts.
Lobster season fears over boat registration fee reform
Bahamian fishermen were yesterday “eagerly awaiting” promised revisions to the over “ten-fold” increases in annual boat registration fees amid fears the reforms will not take effect before lobster season’s August 1 start.
Contractor chief: Stop Heads of Agreement ‘blank cheques’
The Bahamian Contractors Association’s (BCA) president yesterday demanded that the Government stop giving developers “a blank cheque” to bring in foreign contractors and workers amid the latest British Colonial/Pointe controversy.
Opposition ‘to hammer’ Gov’t on BPL’s $110m
The Opposition’s leader has pledged to “continue to hammer” the Government over the accounting treatment it is using for the $110m loan advanced to Bahamas Power & Light (BPL) to pay off its fuel arrears.
Soaring water demand squeezes bottle supply
Water suppliers yesterday said they are running out of one-gallon bottles as quickly as they restock since the extra hot summer means consumers are demanding “way more water”.
Bahamas bank’s account seized over $58.5m ‘pig butcher’ scam
A Bahamian financial institution yesterday asserted it “has been proactively co-operating” with a US Secret Service probe that seized its bank account on the basis that $58.465m in fraud proceeds were laundered through it.
Greenhouse farming to launch in August
A Cabinet minister yesterday said the Government’s greenhouse farming initiative is set to launch before the end of August 2023.
Port Authority limited over unsafe buildings
The Grand Bahama Chamber of Commerce's president yesterday said the Grand Bahama Port Authority (GBPA) remains restricted to revoking occupancy certificates because it has no powers to demolish unsafe buildings.
‘FTX chief planned $256m sell-off behind our backs’
FTX’s Bahamian liquidators have accused their US adversary, aided by its local law firm, of going behind their backs in attempting to sell $256m worth of real estate domiciled in this jurisdiction.
BPL’s 71% cost hike branded ‘outrageous’
Private sector executives yesterday branded the 71 percent hike in Bahamas Power & Light’s (BPL) total energy costs as “outrageous” and “brutal”, with one saying: “I don’t know how businesses are surviving.”
$700m external loan goal ‘looking very favourable’
The Government’s bid to raise almost one-third of its near-$2.2bn gross financing needs for the 2023-2024 fiscal year from external banks is “looking very favourable”, a senior official revealed yesterday.
SBF’s trading arm, Alameda Research, operated in Bahamas without licence
The private trading entity created by Sam Bankman-Fried, and alleged to have played a key role in FTX’s multi-billion dollar implosion, was based and controlled in The Bahamas despite not being licensed to operate in this jurisdiction.
Supply ‘challenges’ freeze ice supplies
Food stores and gas stations yesterday blamed supplier woes for ice shortages that impacted New Providence amid searing heat over the weekend.
Central Bank 'agrees' on $232m IMF SDR roll-over
The Central Bank has "agreed to roll over" the $232.3m IMF special drawing rights (SDR) financing it provided to the Government as part of the latter's 2023-2024 borrowing plan, it was revealed yesterday.
