Canadian banks charging highest late payment fees
The three Canadian-owned banks charge the highest fees for late mortgage and credit card payments, it has been revealed, with all bank levies decreasing during the 2022 first half due to the VAT rate cut.
Egg-static: Price hikes phased in
Super Value’s principal yesterday gave struggling consumers some relief by revealing there will be no “sudden” rise in egg prices as the projected 60 percent increase will instead be phased-in between now and Christmas.
Queen’s passing shows importance of succession
The passing of Queen Elizabeth II has thrown the British Royal Family into transition and change.
Superplex cuts staff 25% in $3m ‘survival’ package
The Fusion Superplex yesterday said its workforce has been reduced by 25 percent compared to pre-COVID levels as part of a $3m cost savings package “critical to our survival and keeping on the lights”.
‘Put shark victim family before tourism fall-out’
A top hotelier yesterday said The Bahamas must prioritise “comforting the traumatised family” of Tuesday’s fatal shark attack and worry later about any negative impact to the tourism industry.
Shark encounters ‘our safest dive’
A prominent Bahamian dive operator yesterday predicted Tuesday’s fatality will not have a long-lasting impact on tourism, adding that over four decades shark encounters have proven to be his company’s “safest dive”
Retail chief sees signs of supply chain ‘easing’
The Bahamas Federation of Retailers’ co-chair yesterday said larger merchants are reporting an “easing” of supply chain disruption with various surcharges previously applied to shipping costs “starting to get removed”.
Bahamas’ disaster response set for $160m transformation
The Bahamas’ ability to cope with natural disasters is set for a $160m overhaul after being ranked among the weakest in the Western Hemisphere by the Inter-American Development Bank (IDB).
Lobster volumes ‘up 30% or better’
Lobster catch volumes have increased by “30 percent or better” compared to 2021, a prominent fisherman said yesterday, although this has been offset by prices almost halving.
Developer: ‘We’ve gone above and beyond’ over environment
The Bahamian developer behind the proposed $63m Adelaide Pines project yesterday asserted that “we’ve gone above and beyond to make sure it’s environmentally sensitive” despite concerns the density is too high.
Symonette Andros mining proposal rejected by Gov’t
The Government has rejected the North Andros mining and land reclamation project proposed by the Symonette Group’s principal that would have created an initial 160 jobs and extra $100,00 per week spending impact.
$63m Adelaide project pledges up to 300 jobs
A Bahamian businessman is teaming with Albany’s developer and two UK investors for a $62.788m “mixed-use” residential and light industrial development in south-west New Providence that will create up to 300 full-time jobs.
Chamber chief ‘shocked’ at Andros mining verdict
The Andros Chamber of Commerce’s president yesterday voiced disappointment that the North Andros mining and land reclamation proposed by Cameron Symonette and his business partner was rejected by the Government.
Minister eyes ‘speed up’ for Carmichael Village housing
The Carmichael Village housing project will begin this month with a Cabinet minister yesterday voicing hope that it will “speed up” in the coming months.
Taxi union hits out on ‘outdated’ rate cards
The Bahamas Taxi Cab Union’s president yesterday hit out at the appearance of “outdated” rate cards that hotels are allegedly being encouraged to issue to their guests to ensure they are not over-charged.
