End ‘finger pointing’ over Fiscal Council
A Fiscal Responsibility Council (FRC) member yesterday demanded an end to “political finger pointing” over its failure to deliver timely reports and called on both major parties to instead “get to the root of the matter”.
Adelaide developer: Don’t ‘drop bomb’ on our costs
A Bahamian businessman yesterday warned he and his partners might have to “shelve” a $63m New Providence project if “prohibitively expensive” changes and conditions were imposed after Wednesday’s planning consultation.
Super Value chief: Retain food store mask mandate
Super Value’s principal yesterday urged the Government to maintain the COVID mask mandate for supermarkets and prevent the sector from becoming “the number one spreader” of the virus.
BISX-listed firm pledges qualified audit ‘clear up’
A BISX-listed company’s top executive yesterday pledged that accounting woes which led to auditors issuing a “qualified” opinion on its 2021 full-year results will be “cleared up” in time for this year’s report.
Don’t bail-out stricken parents, banks warned
Bahamian financial institutions were yesterday ordered not to bail-out financially stricken parents or affiliates as part of the “recovery plans” they have to submit to the Central Bank by mid-2023.
‘Best bang for dollar’ to counter rate hikes
The Bahamas must give all visitors “the best bang for their dollar and ‘A’-plus customer service” as the most effective counter to inflation and continuing US interest rate hikes, a senior tourism official said yesterday.
‘Stars are aligning’ over $3m Nassau Gas raise
A Bahamian propane gas (LPG) dealer yesterday said “the stars are aligning” as it seeks up to $3m from Bahamian investors to finance its ambitious growth strategy throughout the country.
Gov’t goes high-tech for taxes 5% up on Budget
The Government is employing satellite imagery and artificial intelligence (AI) to boost revenue collections that are 4-5 percent ahead of projections for the 2022-2023 fiscal year to-date, a top official disclosed yesterday.
HUBERT EDWARDS: Governance of SOEs critical to ‘end game’
I have consistently argued that Bahamian policymakers must move urgently to implement structural reforms so as to influence the country’s economic fortunes.
Gov’t ‘not pursuing’ BPL’s $535m bond
A CABINET minister yesterday affirmed that the proposed $535m Bahamas Power & Light (BPL) refinancing is not being “pursued at this time” but was less definitive on Shell’s New Providence power plant deal.
Erosion at Junkanoo Beach under review
THE Government has been provided with an update on the Bahamas Building Code review that is being undertaken by an international engineering consultant, a Cabinet minister said yesterday.
Exuma cay’s deterrent to ‘frivolous’ land claims
The Chief Justice’s ruling on an Exuma cay was yesterday hailed as “a deterrent to frivolous and vexatious” land ownership claims that undermine economic growth, investment and development in The Bahamas.
‘Sooner the better’ for end to mask mandate
A top hotelier yesterday asserted that the Government will “secure tourism’s continued upward momentum” if it eliminates the remaining COVID travel restrictions, adding: “The sooner we do it the better off we will be.”
DPM seeks to reassure on Grand Lucayan sale
The deputy prime minister yesterday sought to reassure Bahamians that the Grand Lucayan sale remains on track by confirming the prospective buyer is still conducting "investigations" into all aspects of the purchase.
Price increase fear on Abaco port PPP
The reconstruction of Marsh Harbour’s Dorian-devastated commercial shipping port is “just not happening fast enough” amid fears the Government’s preferred public-private partnership (PPP) model will further fuel price increases.
