Regulators unveil pricing structure for renewables
Regulators have confirmed a new net billing-based compensation mechanism for renewable energy providers providing power to Bahamas Power & Light’s (BPL) grid with rates based on the latter’s “non-hedged avoided fuel cost”.
Chamber chief urges GB project ‘timelines’
The Grand Bahama Chamber of Commerce’s president has called on the Government to provide “more timelines” for when residents can expect to see progress on major investments cited by several Cabinet ministers.
Dealers urge consultation on limiting gasoline rises
Petroleum dealers are calling for greater consultation with the Government over proposals to cap the amount of VAT it earns per gallon sold and mitigate the impact of rising energy prices for consumers.
DPM unveils 1,500 job GB construction boom
Freeport is poised for a two-year construction boom that will create 1,500 total jobs at peak build-out if major investment projects come to fruition, the deputy prime minister revealed yesterday.
Ex-DPM: Lucayan deal not Hutchison ‘bail out’
The Government had no choice but to acquire the Grand Lucayan resort because its threatened closure “had the potential to sink Grand Bahama”, the former deputy prime minister argued yesterday.
Ex-Chamber chief pegs GB jobless rate at 35%
A former Grand Bahama Chamber of Commerce president yesterday estimated that the island’s post-COVID jobless rate is “hovering” around 35 percent given the absence of official data.
Port touts ‘20% rise in licensee numbers’
A Grand Bahama Port Authority (GBPA) executive yesterday sought to refute assertions that “hundreds of businesses are closing every year in Freeport” by pointing to a near-20 percent increase in licensees since Hurricane Dorian.
Minister to give derelict building fight extra ‘teeth’
A Cabinet minister yesterday pledged to “give teeth” to efforts to tackle Freeport’s derelict building woes, with Grand Bahama Port Authority (GBPA) executives complaining: “Our hands are tied.”
IAN FERGUSON: Proper budgeting key to business growth
The month of March usually signals the start of budget hearings and defences throughout the government sector. Proper justification for monies required, and how they will be spent, is crucial if a business is going to succeed and grow.
New distillery’s boss urges water, power improvement
A Grand Bahama businessman said yesterday water quality and electricity services need improving if the island is to attract further investment.
Asset manager in $200m GB airport cargo hub offer
A Bahamian financier yesterday revealed a $150bn asset management firm last year offered to invest $200m in rebuilding Grand Bahama International Airport (GBIA) and developing a cargo hub at the site.
Ex-PM: ‘Not one red cent missing’
Dr Hubert Minnis yesterday asserted that “not one red cent is missing” from any of the COVID-19 relief initiatives that came under fresh assault in Parliament from his successor.
Town Planning turns down swimming pigs expansion
Opponents of an Adelaide-based swimming pigs attraction yesterday hailed the Town Planning Committee for upholding “the rule of law” by denying its application to develop a bar and grill.
COVID food costs ‘far below’ NGOs average
The COVID food initiative’s 8 percent administrative costs ratio is “far below” the typical international benchmark for non-profits, a governance reformer revealed yesterday.
BTC: Tax ‘disruptors’ like Netflix and Hulu
The Bahamas Telecommunications Company (BTC) has demanded that industry regulators tax “disruptive” providers of over-the-top (OTT) services to counter their “onslaught” on local carriers.
