Sears admits misleading House on BPL fuel hedge
A Cabinet minister yesterday admitted misleading Parliament by initially denying he was briefed on the Bahamas Power & Light (BPL) fuel hedging controversy that will allegedly cost households and businesses over $100m.
Debt consolidation ‘uptick’ as credit reports double
Fidelity Bank (Bahamas) doubled the number of debt consolidation-linked credit reports it requested for November, its top executive revealed yesterday, as it targets a “flat” loan book outcome for the fourth quarter.
Marinas suffer 40% or more business plunge
Bahamian marinas were yesterday said to have suffered up to a 40 percent or more decline in business that is being blamed on VAT’s imposition on yacht charter fees.
FNM chairman queries FTX chief’s local status
The Government should begin examining “in a very deliberate fashion” the immigration status held by embattled FTX chief, Sam Bankman-Fried, and his close associates, the FNM chairman said yesterday.
Judge rejects ex-minister’s ‘boutique resort’ evidence
A Supreme Court judge has rejected evidence from a former Cabinet minister alleging that a Staniel Cay homeowner “circumvented” environmental requirements in constructing a property “typical of of a boutique hotel”.
Cable targets 33,000 Nassau homes for new network in Q1
CABLE Bahamas is targeting 33,000 southern New Providence homes for connection to its new fibre-to-the-home network starting in the 2023 first quarter after overcoming supply chain challenges that delayed the roll-out.
Dorian tax breaks access sparks House controversy
THE deputy prime minister yesterday pledged that Dorian-devastated Bahamians who “need help will get help” amid ongoing concerns that the mechanisms to provide continued access to tax breaks are not fully in place.
DEIDRE BASTIAN: Customer service is key to stand out from crowd
Today’s business environment is incredibly competitive, and superb customer service is required if you wish your company to succeed.
Ex-minister warns BOB: $6m appeal withdraw ‘not the end’
A former Cabinet minister yesterday warned “it’s not the end” after an appeal against the dismissal of a $6m default judgment against Bank of the Bahamas was withdrawn by attorneys representing his interests.
Debt consolidation loans not cutting borrower woe
Commercial banks have revealed that debt consolidation loans frequently fail to reduce a troubled borrower’s debt service ratio to the 45 percent of income previously targeted by industry regulators.
Staniel Cay owner to seek ‘major damages’ over halt
A Staniel Cay homeowner yesterday said he is “ready for anything” and plans to seek “significant damages” from fellow residents after the Judicial Review challenge to his property’s construction was dismissed.
Minister demands food retailers ‘respect’ law
A Cabinet minister yesterday demanded that food retailers “respect” the law and adopt the Government’s expanded price control regime or face an enforcement crackdown that will see fines and penalties levied.
CHRISTMAS SHOWDOWN – Roberts: Price Control backed off after festive season shutdown threat
Super Value’s principal yesterday disclosed Price Control “backed off” seizing vast quantities of product when warned of pre-Christmas store shutdowns, telling the Government: “We don’t want war, and you don’t want war.”
Travel agents report mixed Xmas signals
TRAVEL agents say there has been a significant increase in inbound visitors coming to The Bahamas for the upcoming Christmas holiday but outgoing and domestic business is softer than normal.
GB Chamber chief seeks airport plans
THE GRAND Bahama Chamber of Commerce president yesterday said he wants to see plans for Grand Bahama International Airport’s (GBIA) revival before the Government finalises a deal with a private sector partner.
