BPL to re-enter hedging via 15% fuel cost lock-in
Bahamas Power & Light (BPL) yesterday signalled its intent to re-enter the fuel hedging market just one day after the Prime Minister sought to discredit how the strategy was employed by the former administration.
New construction permits off 20% due to commercial drop
The value of new construction permits issued in the 2022 third quarter fell by almost 20 percent year-over-year due to a significant drop-off in new commercial projects, it was disclosed yesterday.
Avoid ‘jack up numbers’ on Business Licence renewal
Companies are only suffering delayed Business Licence renewals if they have “jack up numbers” and are unable to provide proof of income, a small business consultant and activist argued yesterday.
‘Worryingly low’ graduation’s blow to high-value economy
The Bahamas’ ability to develop high-value industries and diversify its economy are impaired by “worryingly low” graduation rates at its sole university with just 7 percent of students studying science and technology-related courses.
Rejected web shop loses licence appeal
The Gaming Board’s decision to reject a web shop’s licence bid during the industry’s legalisation was fully vindicated yesterday by the Supreme Court.
House hostilities erupt on $150m BPL arrears
The Prime Minister and Opposition’s leader yesterday accused each other of making “false” statements as renewed hostilities erupted over Bahamas Power & Light’s (BPL) $150m in unpaid bills.
PM targets 75% of property tax billings ‘within four years’
The Prime Minister yesterday defended the Government’s aggressive target of more than tripling real property tax collections by asserting it plans to collect 75 percent of annual billings “within the next four years”.
'Full-throated' effort urged on regulatory compliance
The Bahamas must display a "full-throated commitment" fighting all forms of financial crime, the attorney general reiterated yesterday, while pointing to the imminent challenge posed by global corporate tax reforms.
Opposition finance chief: GBPA has 'outlasted time'
The Opposition's finance spokesman yesterday backed calls for change at the Grand Bahama Port Authority (GBPA) and argued that its present structure has "outlasted the times".
BOB hopes for imminent commercial loan restart
BANK of The Bahamas is hoping to receive regulatory approval to restart commercial lending activities next month, its managing director said yesterday.
Crawfish prices fall 42% but catch high
BAHAMIAN fishermen are confirming that crawfish prices have slumped 42 percent from last year’s high although catch volumes remain high.
Maintain value of $34m airport upgrade contract
AN EXUMA businessman yesterday said The Bahamas must do better at maintaining its infrastructure after a $34m contract was signed to upgrade the island’s international airport Ramon Darville, Darville Lumber’s general manager, told Tribune Business “it does not make any sense” to spend such money on Exuma International Airport if the facility does not receive annual maintenance once the work is completed.
‘Albany owns it now, OK?’
A controversial Austrian is moving to draw Albany’s principal investor into a multi-million dollar legal battle over his rival bid to acquire the neighbouring South Ocean resort property.
Fiscal Strategy provokes ‘credibility’ and ‘love’ mix
The Government’s latest fiscal forecasts yesterday provoked contrasting reaction, with a governance reformer saying he “truly loves” the growth focus but the Opposition’s finance spokesman pointing to “credibility problems”.
Up to 15% of property tax bills missing target
The Ministry of Finance’s top official says business tenants must accurately identify their landlord to prevent 10-15 percent of real property tax bills from being returned annually to the Government without payment.
