Reviving wellfields saves Water Corp some $1.3m
The Water and Sewerage Corporation’s (WSC) top executive yesterday said investment in New Providence’s fresh water wellfields has saved $1.3m - and increased output by 50 percent - in just one year.
Maritime safety boost call following Exuma accident
A group of Exuma resorts and businesses is urging the Government to enhance maritime safety enforcement to protect swimmers and divers from speeding boats and jet skis in Bahamian waters.
Digital Caribbean means ending connectivity gaps
The Caribbean’s political and communications leaders have called for the closing of connectivity gaps, policy reforms and improved collaboration for the region to fulfill its digital potential.
DPM: ‘We’re going to bring back downtown nightlife’
The Deputy Prime Minister yesterday said the Government is “courting investors” for proposed hotel sites in downtown Nassau and Cable Beach as it strives to revive Bay Street nightlife.
East Bay St hotel opponents voicing ‘done deal’ suspicions
Opponents of a proposed East Bay Street condo hotel and marina yesterday voiced suspicions it was “a done deal” after the project received its conditional go-ahead despite their protests.
Cable urging ‘sustainable and balanced’ satellite competition
Cable Bahamas yesterday renewed its call for a competitive “level playing field” with satellite communications providers that is “fair, sustainable and balanced” for both consumers and the economy.
Deltec: We fight on for $20m despite asset freeze defeat
A Bahamian bank yesterday pledged it will not be deterred from pursuing $20m “unlawfully withheld” by a payments provider despite a Florida court rejecting its bid to freeze these assets.
Minister: ‘I did everything right’ on $267m hospital’s financing
A Cabinet minister yesterday revealed US government-backed institutions showed “no appetite” to finance the new $267m hospital while the UK offer emerged when the China deal was “95 percent done”.
GB Power outage woe branded ‘pretty brutal’
Grand Bahama Power Company is “definitely competing for weakest link” in the island’s economy at present with last week’s outages described by private sector executives as “brutal”.
Bahamas bank defendant in $28m unpaid US tax lawsuit
A Bahamian financial institution is a defendant in a lawsuit demanding that a “bankrupt” client return trust assets domiciled in this nation to settle almost $28m in unpaid US federal income taxes.
FTX Bahamas: $290m claims unpaid on KYC
FTX’s Bahamian subsidiary has yet to pay some $290m in previously-approved creditor claims because it has yet to be supplied with the necessary Know Your Customer (KYC) verification.
Super Value: Energy costs ‘out of hand’ in $200k spike
Super Value’s president is asserting that energy costs “seem out of hand” after the supermarket chain’s electricity bill increased by almost $200,000 in just two months.
Pintard blasts ‘off-books’ loans disguised as PPPs
The Opposition’s leader is voicing concern that multiple public-private partnerships (PPPs) agreed by the Davis administration are really “off-the-books” loans that further increase the $11.7bn national debt.
‘Nothing exotic’ on $373m one-year bond conversion
A Bahamian banker last night said there is “nothing exotic” about the Government seeking to refinance 59 percent of its $632.5m Bahamian dollar bonds due to mature this year as Treasury Bills.
Online marketplace alert after victim loses $60,000
The Consumer Protection Commission’s chairman is urging Bahamians to proceed with “extreme vigilance” when using online trade and barter marketplaces after one victim was scammed out of $60,000.
