BOB appoints first ever female chair
Bank of The Bahamas yesterday said it has appointed its first-ever female chair with attonery Donna Harding-Lee taking over the post with effect from March 18 following the necessary Central Bank approval.
‘Wonderful’ if Freeport cruise surge sustained
The Grand Bahama Chamber of Commerce’s president yesterday said it would be “wonderful” if the four cruise ships that visited the island on Wednesday can be sustained.
Concern at Treasure Cay’s ‘state of limbo’
A Treasure Cay resident yesterday voiced frustration at the seeming “state of limbo” involving the sale of its resort property, urging that its fate be rapidly resolved.
GB vendors need more than $500 Gov’t ‘relief’
A Grand Bahama restaurant manager yesterday welcomed the $500 relief package unveiled by the Government but said businesses require more help to recover from the twin blows inflicted by Hurricane Dorian and COVID-19.
PwC: Governance failures will cost companies dearly
Companies could lose key staff, customers and investments if they fail to live up to environmental, social and governance (ESG) expectations, a Bahamian accountant said yesterday.
‘Very real risk’ COVID food audit prejudiced
The head of the former COVID-19 feeding programme yesterday warned of “a very real risk” that the Government’s audit of the $53m initiative will be prejudiced by premature disclosures in Parliament.
Water Corp’s $18.8m debt paid-off come ‘early 2023’
The Water & Sewerage Corporation’s main supplier yesterday revealed that it had “received assurances from the highest level” of the Bahamian government that the multi-million sum owed to it will be brought current by “early 2023”.
Property tax challenge deadline is ‘too tight’
Realtors yesterday said today’s deadline for challenging 2022 real property tax billings is “too tight” because appraisers have been overwhelmed by clients requesting valuations of their real estate.
Food Task Force: We’ve given 1.4m unit account
The COVID-19 food task force distributed 1.447m food parcels and vouchers to needy Bahamians at the pandemic’s height, it was revealed yesterday, as its chair unveiled the comprehensive database provided to the Government.
‘Sober reality’: Bakery on 5-8% price hikes
A Bahamian bakery yesterday said there are no concerns about potential bread shortages despite having to raise prices by between 5-8 percent with effect from April 4 due to the “cascading” effect of raw materials cost rises.
Gov’t ‘open’ to tariff slash suggestions
A Cabinet minister yesterday said the Government is “open to suggestions” from the private sector on tariff cuts that could be incorporated in the upcoming 2022-2023 Budget as a means to ease the impact of surging inflation.
Bahamas must take ‘aggressive steps’ over renewable energies
A Cabinet minister yesterday said current oil price volatility shows The Bahamas must take “aggressive steps” to harness renewable energy as it signed an agreement to access $9m in European Union (EU) grant funding.
Airport in $8.1m operating loss before Gov’t purchase
Grand Bahama International Airport suffered an $8.129m operating loss in the two-and-a-half years leading up to its 2021 purchase by the Government, which is aiming to select the preferred bidder to redevelop this asset by August 2022.
Water Corp’s record $26.4m debt set to become ‘current’
The Government has pledged to bring the Water & Sewerage Corporation’s record $26.4m debt owed to its main BISX-listed supplier “current”, it was revealed last night.
Marinas: ‘Major concern’ over oil pricing volatility
The Association of Bahamas Marinas (ABM) president yesterday confirmed the industry has “a major concern” that higher fuel prices will dampen boating/yachting demand over the “crucial” summer months.
