‘We need more from resident billionaires’
The Bahamas “needs a little more than residency” from the multiple millionaires and billionaires that reside within its borders, an accounting firm’s principal is urging.
GB Power seeking $5m ‘base rate revenue’ rise
Grand Bahama Power Company is justifying its proposed rate adjustments by asserting that it needs to increase annual base rate revenue by almost $5m due to recent hurricanes.
KPMG set to analyse Gov’ts multi-billion pension liabilities
The Government was yesterday said to have hired KPMG to analyse how the Government should best structure a contributory pension scheme for new civil service hires.
Shipyard’s $350m expansion to give 2022 economic boost
The Grand Bahama Shipyard’s $350m investment in two new dry docks will provide a much-needed economic boost to the island in 2022, government officials confirmed yesterday.
Renewable provider hails resort’s new solar system
A renewable energy provider yesterday said the system installed at a major Family Island resort will cut its emissions by 95 percent through slashing diesel fuel consumption.
Retailer’s e-commerce portal ‘puts us ahead of competitors’
A major Bahamian retailer yesterday said its e-commerce investment had given the business more “exposure” while allowing customers to shop from the safety of their homes.
Cost cutting critical for debt reduction strategy
Businesses yesterday said government cost-cutting must be a key element in any strategy to put The Bahamas’ public finances in order post-COVID.
Bahamas had to ‘walk and chew gum earlier’
The Bahamas should have “found a way to walk and chew gum” earlier in the COVID-19 pandemic so as to minimise its foreign currency debt hike, an economist argued yesterday.
$6m claims jump drives Bahamas First into loss
Bahamas First has warned “it will take some time” to correct problems with its Cayman subsidiary’s life and health portfolio that have been blamed for a $6m-plus jump in claims payouts.
Kalik maker eyes 10% supply chain cost rise
Commonwealth Brewery is predicting that global supply chain disruption will increase its costs by 10 percent over the remainder of 2021 as it sustains its return to profitability.
Former AG teams up with Bran’s law firm
Ex-attorney general Carl Bethel QC has teamed up with Branville McCartney’s law firm as part of an expansion drive to help it cope with increased business volumes.
‘You risk career taking public board job’
The National Sports Authority's (NSA) ex-chairman has warned "you risk your career to serve your country" when sitting on Boards at government-owned agencies.
Half of businesses yet to launch online
More than half the Bahamian businesses surveyed by the Chamber of Commerce and Employers Confederation (BCCEC) have yet to launch an e-commerce platform, it was revealed yesterday.
Bahamas ‘like boxer with hand tied its behind back’
The Bahamas is “like a boxer with one hand tied behind its back” because it has failed to determine the true value of the Government’s multiple assets, a prominent banker argued yesterday.
Gov’t pays out $200m in COVID jobless aid
The Government had paid out more than $200m in COVID unemployment benefits at end-September 2021, it was revealed last night, although overall pandemic spending seems to be slowing.
