‘Herculean effort’: Food stores submit price controls counter
Bahamian food retailers were last night hoping the Government “embraces their Herculean effort” to craft an alternative to the major price control regime expansion that satisfies the needs of all parties.
Fuel hedge to save $55m, BPL chief informed minister
Bahamas Power & Light (BPL) was on track to save its customers more than $54m over the 18 months to January 2022 if its controversial fuel hedging initiative was followed, a Cabinet minister was informed.
‘Devil in the detail’ over NHI reforms
Doctors and private health insurers yesterday appeared to be caught off-guard by the Government’s tabling of National Health Insurance (NHI) reforms in the House of Assembly, with one saying: “The devil’s in the details.”
Gov’t in near-$40m deficit for August
The Government incurred a near-$40m deficit during August 2022 as it reclassified almost $35m of revenues earned in July as VAT, Ministry of Finance data released yesterday revealed.
LPIA advertising deal comes under scrutiny
Nassau airport’s top executive yesterday rejected concerns that the selection of its new advertising partner could run afoul of both the multi-million dollar contract’s bid requirements and the National Investment Policy.
How you can survive a looming recession
Can businesses be successful during a recession? It may depend on what industry a company is in as, undeniably, there are some sectors which are more likely to make it out relatively unscathed. With a possible recession on our doorstep, is this a good time to panic, sell all our stock investments and start hoarding cash?
Sovereign Wealth Fund replace to put Bahamas ‘among top tier’
THE Prime Minister yesterday said the proposed Sovereign Wealth Fund replacement will place The Bahamas “among the top tier” by helping to mobilise private capital and direct investment towards critical infrastructure projects.
Crowdfunding footcare provider opens its ‘hub’
A BAHAMIAN footcare provider, which has raised more than double its minimum crowdfunding target, yesterday used the proceeds to open the “hub” for its Bahamas and Caribbean expansion.
Liberalised work permit regime an ‘impossibility’
A Cabinet minister yesterday argued the liberalised work permit regime introduced by the former Minnis administration “has to be repealed” because it is “an impossibility” to conduct the necessary due diligence within the deadlines.
Work permit fast-track Act no ‘Bahamianisation dismantling’
The Opposition’s leader yesterday launched an impassioned defence of the fast-track work permit process introduced by the Minnis administration, and asserted: “This was not a dismantling of Bahamianisation.”
Club Med’s reopening hailed as ‘monumental achievement’
The deputy prime minister yesterday hailed the “monumental achievement” in re-opening San Salvador’s Club Med resort after the property received its first 120 visitors for almost three years via an Air Canada flight.
Ex-BTVI chief: ‘Egregious deficiencies’ all corrected
The Bahamas Technical and Vocational Institute’s (BTVI) immediate past president yesterday said “egregious systemic deficiencies” that resulted in staff being “disciplined” had been cured during his time in office.
Auditors could not verify FBI bait broker’s $1.5m
Auditors for a Bahamas broker/dealer once used as ‘bait’ by the FBI refused to give its last accounts a clean bill of health because they were unable to verify the existence of $1.5m held with other financial institutions.
BTVI has already tackled auditor general concerns
I write to provide important information in reference to a story on October 20, 2022, related to the Bahamas Technical and Vocational Institute (BTVI).
Gov’t not budging on price control deadline
A CABINET minister yesterday confirmed the expanded price control regime will be implemented from November 1 even as the Government awaits proposed revisions from the food distribution and pharmaceutical industries.
