The wrong Tweet
ActivTrades
Many consider Elon Musk to be the messiah of the global technology industry. But he got bogged down with his billion dollar plans to take over Twitter. And, at Tesla, the problems are piling up.
Atlantis eyes $500m in fresh investment
Atlantis is on target to “exceed” 90 percent of pre-COVID occupancy levels for the 2022 full year, a senior executive has revealed, as it eyes “well over $500m” in new investment for this decade.
Legal battle looms over Treasure Cay rejection
A controversial Austrian financier is preparing for a legal battle after his bid to acquire Abaco’s Treasure Cay resort property was rejected by the Government.
‘Frustration’ mounts over new Eleuthera water woe
The Water & Sewerage Corporation says it has voiced “frustration” to its central Eleuthera water supplier over mechanical breakdowns that left some customers without service from Independence Day evening.
PM urged: Take ‘definitive’ stance over oil exploration
An environmental activist is again demanding the Government take a “definitive” stance on oil drilling in Bahamian waters as he branded this nation's efforts to combat climate change a “fallacy” without banning such activities.
‘Appetite for more’: Deals for $150m in capital eyed
A Bahamas-based investment banker has revealed three further capital raisings, each worth between $20m-$50m, are set to launch this year while asserting: “There’s definitely appetite for more transactions.”
Pintard warns BPL fuel subsidy plan ‘not lawful’
The Opposition’s leader last night said it would be illegal for the Government to directly subsidise Bahamas Power & Light’s (BPL) fuel costs after a Cabinet minister reiterated this is the only way to prevent higher electricity costs.
Don’t let WTO ‘hijack’ National Trade Policy
A Cabinet minister yesterday urged Bahamian businesses and consumers to “not get fixated” on World Trade Organisation (WTO) membership for fear it will “hijack” and “derail” efforts to develop a broader National Trade Policy.
‘Dire straits’: NIB in $70m payout deficit
The National Insurance Board’s (NIB) confirmation yesterday that benefit payouts exceeded contribution income by $70m for 2021 shows The Bahamas has “clearly run out of time” to address its woes without inflicting pain.
External shocks cause for a ‘special situation’
The Bahamas is “in a special situation” due to its high vulnerability to natural disasters and economic shocks, a trade specialist said yesterday, with imported goods ten times’ higher than exports.
Jitneys: Gov’t relief late so we want fare hikes
Jitney drivers yesterday slammed the Government’s proposed “relief package” for high gas prices as late, adding they would instead prefer adult fares be increased to $2 as the industry is “getting beat bad”.
Leased taxi plates end will be ‘process’
The Bahamas Taxi Cab Union’s (BTCU) president yesterday acknowledged it will be a “process” to convert leased plates into a situation where the drivers involved become owner-entrepreneurs.
Global treaty provides carbon credit catalyst
The Bahamas is seeking to exploit a global treaty that calls for countries to “voluntarily co-operate” on slashing their greenhouse gas emissions through its Climate Change and Carbon Markets Initiatives (CCCMI) Bill.
Banks’ fee income doubles in decade
Bahamian commercial banks are generating an ever-increasing share of their income from the fees detested by many consumers, which now account for more than $1 out of every $5 in earnings.
COVID’s $9.5bn blow nearly a triple Dorian
The Bahamas will never recover $9.5bn in economic losses and damage caused by COVID-19, it was revealed yesterday, with the pandemic combining with Hurricane Dorian to deliver a shattering $13.1bn blow to this nation.
