Port beats profits 19% via $677k debt slash
The operator of Nassau’s main commercial shipping port beat its original full-year profit target by 19 percent aided by a $30m preference share refinancing that slashed 2022’s debt servicing costs by $677,000.
NAD ‘won’t be bullied’ over airport ad award
Lynden Pindling International Airport’s (LPIA) operator “will not be bullied” over the award of its multi-million advertising concession, and said assertions that its selection breached the National Investment Policy are “simply untrue”.
Minister pledges to seek ‘common ground’ on NHI
The minister of health has pledged to seek “common ground” with Bahamian private doctors who have urged the Government to “hit the pause button” over its proposed National Health Insurance (NHI) reforms.
‘Peaceful resolution’ targeted over food price control dispute
Food retailers and wholesalers were yesterday said to be hoping to seal a “win, win win” and “peaceful resolution” to their price control dispute with the Government when they meet three senior Cabinet ministers tomorrow morning.
BTC chief says fibre roll-out 70% finished
THE BAHAMAS Telecommunications Company (BTC) will be increasingly relying on a fibre network roll-out that is 70 percent complete to drive revenue growth and market share, its newly-appointed chief executive says.
Exchange control ease urged for digital assets participation
AN ACCOUNTANT has called for further exchange control “relaxation” so that more Bahamians can participate freely in digital assets and crypto currency trading.
Fight against inflation
ActivTrades
IT WAS another seesaw week in the global financial markets. The hope that Beijing will relax COVID measures that have been very strict so far is fuelling expectations of higher demand.
Doctors urge Gov’t: ‘Hit pause button’ over NHI
Bahamian doctors yesterday urged the Government to “hit the pause button” over its proposed National Health Insurance (NHI) reforms, warning they “cannot support the Bill” tabled in the House of Assembly as is.
Bran ‘confident’ pharmacy price control deal workable
The Democratic National Alliance’s (DNA) former leader last night said he “has every confidence the compromise is sustainable” after the pharmaceutical industry struck a deal with the Government to end their price control dispute.
New House row on BPL’s fuel hedging
The controversy over Bahamas Power & Light’s (BPL) fuel charge hikes erupted again yesterday after the Opposition’s leader argued that the Government’s “dereliction of duty” had “heaped” a $100m bill on the Bahamian people.
Food retailers expand price control list offer
Food retailers were last night hoping the Government will agree to an “expanded list” of price-controlled products before the weekend so that Bahamian consumers can enjoy cost of living “relief” come Monday.
‘Phoenix from the ashes’: Grand Bahama's $250m resort spark
A $250m investment that will bring one of the world’s top luxury resort brands to Grand Bahama was yesterday hailed as “the catalyst” that will drive the island’s “phoenix from the ashes” rebirth.
Progress in pharmacy price controls dispute
Bahamian pharmacies and the Government were last night said to have made progress in resolving their price control dispute as one operator rejected the Prime Minister’s assertion that savings are not being passed on to consumers.
Gov’t slashes Q1 deficit by $116m
The Government’s fiscal deficit for the 2022-2023 first quarter was slashed by $116m year-over-year, it was revealed yesterday, with its revenues running 4-5 percent ahead of projections.
Extend tax breaks on Dorian ‘apocalypse’
A former Cabinet minister yesterday read out pleas from his Grand Bahama constituents for the Government to extend the Hurricane Dorian tax breaks beyond December 1 as parts of the island still resemble “a scene from the apocalypse”.
