Water Corp debts to top supplier slashed by 30%
The Government has slashed the debts owed by the Water & Sewerage Corporation to its main supplier by almost 30 percent or $6.3m during the first nine months of 2022.
Manufacturer duty-free approvals shift to online
The Government yesterday moved to further enhance the ease and efficiency of doing business by giving Bahamian manufacturers a January 1, 2023, “drop dead date” to start applying for renewal of their duty-free concessions online.
Pintard to take BPL woe to Public Accounts Committee
The Opposition’s leader says he will place Bahamas Power & Light’s (BPL) up to 163 percent fuel charge increase before Parliament’s spending watchdog in a bid to uncover how much government “errors” are costing Bahamians.
‘Minimal exposure’: Central Bank demands FTX report
Bahamian bankers yesterday predicted the industry has minimal exposure to FTX after regulators demanded the sector disclose all business dealings with the collapsed crypto currency exchange.
Abaco businesses see minimal Nicole impact
ABACO businesses say they largely fared well during Hurricane Nicole with little to no damage reported, although water had yet to be restored to the island’s north before press time last night.
DPM: We can survive ‘curveball’ from FTX
THE Deputy Prime Minister yesterday voiced confidence that the Bahamian financial services will survive the latest “curveball” thrown at it by the FTX crypto exchange’s sudden implosion.
BTC prize to finance US expansion for runner-up
THE runner-up in the Bahamas Telecommunications Company’s (BTC) Inknowvation pitch challenge is planning to use their $3,000 cash prize to expand into the US market.
VAT’s ‘real’ 15% rise since January’s cut
The Davis administration last night said real VAT revenues increased by 15.1 percent year-over-year following the New Year’s Day rate cut with the deficit for the 2022-2023 fiscal year’s first quarter slashed by $116.4m.
Arawak port beats Q1 profits target by 56%
Nassau’s main commercial shipping port is targeting an $808,000 year-over-year increase in net profits for its 2023 financial year after first quarter net income exceeded forecasts by some 56 percent.
Workplace dispute stirs at Pharmachem
A workplace dispute is brewing at a Freeport manufacturer over assertions that plans to implement a 12-hour shift system could put impacted staff “at risk” and amount to a “unilateral variation” of their employment terms.
Don’t let FTX woe ‘arm enemies’ of Bahamas
The Opposition’s leader yesterday warned that the Government’s silence over the FTX crypto exchange’s implosion could “arm enemies of The Bahamas” with ammunition to inflict more damage on its financial services industry.
FTX implosion threatens perfect ‘40 of 40’ in financial crime fight
The Bahamas’ bid to achieve full compliance with all global anti-financial crime standards before year-end may have been endangered by the implosion of the FTX crypto currency exchange, it can be revealed.
Bahamas crypto exchange to ‘prove’ financially sound
A SECOND Bahamas-based crypto currency exchange yesterday pledged to publicly disclose “proof” of its financial soundness and reserves in a bid to reassure jittery investors following the implosion of rival FTX.
Pharmacies ‘doing good’ on price control changes
PRIVATE pharmacies have “been doing good” and “progressing” since reaching their price control deal with the Government, the Bahamas Pharmaceutical Association’s (BPA) president said yesterday.
Artists team with union body to place culture at forefront
A BAHAMIAN artists and entertainers’ union has joined the Trades Union Congress (CBTUC) after a two-and-a-half-year wait for recognition, with a labour leader asserting yesterday: “You can’t have a country without culture.”
