Food stores ‘expecting’ price control extension
Bahamian food stores yesterday said they “expect” the Government to extend tomorrow’s deadline to implement the major price control regime expansion if both parties are unable to reach agreement by then.
Roadworks blasted over 30% sales fall
A frustrated Bahamian auto dealer yesterday blasted the Village Road roadworks for both causing a 30 percent decline in sales and failing to resolve his decade-old sewerage problem.
‘Don’t crash private’ healthcare with NHI
A prominent doctor has warned the Government that its proposed National Health Insurance (NHI) reforms must not “crash private healthcare” and suffocate the “innovation and investment” that drives improved medical care.
Banks ‘can take more’ as debt drops $29m
Bahamian commercial banks have “significant capacity” to take on more government debt, the Ministry of Finance’s top official has asserted, after the national debt for the three months to end-September fell by $29m.
SBDC: Funding slowed drastically after election
ENTREPRENEUR financing facilitated by the Small Business Development Centre (SBDC) has slowed drastically since the Davis administration took office with just $2m, or 2.7 percent, of funds disbursed to-date occurring since the election.
Exuma businesses: ‘We will believe $1.2bn when see it’
EXUMA businesses yesterday said they will believe there are $1.2bn in investments in the pipeline for the island, as identified by the deputy prime minister, when they see them materialise.
Price control woes confine $100k butter to warehouse
A BAHAMIAN wholesaler says it has been unable to sell $100,000 worth of butter, which has been sitting in its warehouse for five weeks, because the Price Control Commission has yet to approve a revised selling price.
Bahamas ‘non-functional’ portal led to EU blacklist
THE ATTORNEY General says The Bahamas’ efforts to comply with the European Union’s (EU) economic substance reporting demands became “non-functional” with corporate filings having to be entered manually.
Destroying fortunes
ActivTrades
EVEN the most powerful online retailer in the world is having trouble with the gloomy consumer mood. After disappointing quarterly figures, Amazon’s share price collapsed dramatically. This also affected the fortune of its founder. And some of the world’s other richest men are still feeling the effects of this technology crash.
BPL’s ‘15%’ mega hotel dilemma on renewables
Bahamas Power & Light’s (BPL) former chief executive warned it cannot afford for the country’s two largest mega resorts to convert entirely to renewable energy because it would lose 15 percent of its revenues.
‘Absolutely essential’: Gov’t urged to disclose bid awards
Governance reformers yesterday said it was “absolutely essential” that the Government immediately start publishing details of public sector contract awards as mandated by law to “build trust” in the new procurement system.
Private sector credit shrank 20% pts of GDP pre-COVID
The Bahamas’ low pre-COVID economic growth coincided with bank credit to the private sector contracting by the equivalent of 20 percentage points of GDP, an international rating agency has revealed.
Retailers offer 10% ‘free’ food top-up plan
Bahamian food retailers have proposed a joint venture with the Ministry of Social Services where they will provide a 10 per cent ‘free’ food top-up targeted at “the most vulnerable among our Bahamian brothers and sisters”.
Pintard: Gov’t had ‘enough meat’ over BPL fuel hedge
The Opposition’s leader yesterday charged that key policymakers in the Davis administration were given “sufficient meat” to understand the fall-out if the trades underpinning Bahamas Power & Light’s (BPL) fuel hedge were not executed.
OECD shouldn’t have failed Bahamas over ‘one element’
THE BAHAMAS argued in vain to the Organisation for Economic Co-Operation and Development (OECD) that it should “not fail the entire test on one element” of tax information exchange, a Cabinet minister disclosed yesterday.
