Reform to ‘decimate’ fiscal accountability
The Government’s bid to reform “deficiencies” in key public finance laws threatens to “absolutely decimate” fiscal transparency and accountability in The Bahamas, the Opposition charged yesterday.
‘Full picture’ missing on COVID food plan claims
The Auditor General should provide a “better picture” of the COVID food task force’s work, governance reformers said yesterday, after the Prime Minister accused one non-profit of using public monies for a $400,000 “spending spree”.
User fees to drive $263m Out Island airport upgrades
Bahamian and international travellers will ultimately have to pay user fees of up to $43 per person to finance the collective $263m redevelopment of the 14 Family Island airports put out to bid yesterday.
BPL suffers $64m loss during 2020
BAHAMAS Power & Light (BPL) incurred a $63.876m total comprehensive loss for the year to end-June 2020 with auditors reaffirming that its parent’s solvency remained endangered by “negative cash flows” and constant losses.
Village Road hits works as ‘total disappointment’
VILLAGE Road businesses yesterday slammed the Ministry of Works as “total disappointment” for failing to respond to fix property and sidewalk damage caused by the year-long roadworks.
Eggs ‘another cash cow Gov’t can milk’
A Bahamian agriculture entrepreneur yesterday voiced concern that the Government “sees another cash cow it can milk” to the detriment of existing producers with its $15m egg self-sufficiency project.
GB Power ‘clawing way back’ in 25% profit rise
Grand Bahama Power Company was yesterday said to be “clawing our way” back to targeted net income after producing a 25 percent profits increase to $10m for the 2022 full-year.
Labour on Blocks fairs generate 3,000 jobs
The Government’s director of labour says the ‘Labour on the Blocks’ job fair series has resulted in employment for more than 3,000 Bahamian job seekers since last May.
Gas station dealers mulling shut down
Gas station dealers are mulling a sector-wide shutdown this month amid growing concern about the ability of the industry’s fixed price controlled-margins business model to cope with a variety of cost increases.
Registrar General woe is ‘beyond our control’
The Attorney General yesterday conceded that long-standing problems with the Registrar General’s Department’s online portal “are beyond our control” as lawyers and realtors branded the situation “a horror”.
J S Johnson puts COVID ‘in dust’ via 15% profit rise
J S Johnson shrugged off ongoing reinsurance capacity concerns to yesterday unveil a 15.1 percent profit increase for the 2022 that was aided by placing COVID-related restrictions “in the dust”.
Kalik maker overcomes $15.8m cost hike with 67% profits jump
COMMONWEALTH Brewery overcame an inflation-driven $15.8m increase in total costs to yesterday unveil 66.7 percent year-over-year profit growth for 2022.
Farmer: ‘Blowing smoke’ of 30 years seems over
A Bahamian poultry farmer last night voiced optimism that the Government is finally serious about ending three decades of “blowing smoke” on food security as it formally unveiled its $15m egg self-sufficiency ambitions.
December air arrivals up 13% on pre-COVID
Stopover visitors for December 2022, which included the peak Christmas and New Year's tourism period, more than doubled year-over-year to beat the industry's pre-COVID performance by almost 13 percent.
‘Back end of the spike’ after 60% revenue rise
A Bahamian realtor yesterday voiced optimism his firm will “put up the same numbers if not better this year” following 2022’s 60 percent revenue growth, adding: “We’re on the back end of the spike.”
