Bahamas to ‘feel brunt’ of Russian sanctions shock
The Bahamas will “feel the brunt” of the fall-out from Russia’s Ukraine invasion, a governance reformer warned yesterday, with hyper-inflation threatening to plunge the world into a depression.
Abaco suffers three-year, $60m Dorian rental blow
Abaco lost more than $60m in rental income during the 28 months immediately after Hurricane Dorian due to the devastation inflicted on its housing stock, it was revealed yesterday.
More questions raised over BPL fuel hedging
Bahamas Power & Light (BPL) yesterday rejected accusations that the Davis administration had cancelled its fuel hedging initiative even though it was not producing the desired financial savings.
Gov’t targets 25% slash to $1bn food import bill
A Cabinet minister yesterday said the Government is aiming to slash The Bahamas’ annual $1bn food import bill by 25 percent come 2025.
Gov’t considers taxi, jitney fare increase
A Cabinet minister yesterday said the Government is mulling whether to increase taxi and jitney fares to enable these industries to offset increased costs from rising gasoline prices.
Petroleum dealers warn on fuel, self-service, cutbacks
Petroleum dealers yesterday warned they may have to cut back on the amount of fuel they order, and move to self-service on some days, to ease the impact from soaring global oil prices.
Tax cuts ‘off table’ as energy crisis solution
The Bahamas has no short-term solutions for combating soaring energy and gas prices, a major fuel supplier’s chairman warned yesterday, adding that tax cuts were likely “off the table”.
Bahamas ‘struggling with the execution’ in corruption fight
The Bahamas is “struggling with the execution” of anti-corruption safeguards, governance reformers are warning, with accountability and transparency “aspirational” rather than real concepts.
IDB chief hails BPL fuel hedging impact
The Inter-American Development Bank’s (IDB) president yesterday hailed the impact of Bahamas Power & Light’s (BPL) fuel hedging strategy despite doubts on whether it remains in place.
IMF calls for ‘tax spending budget’
The International Monetary Fund (IMF) has urged The Bahamas to develop an annual “tax expenditure budget” to better identify revenue leakages and assess the economic impact of its spending.
Fishermen’s fury over poaching ‘slap in face’
Fuming fishermen yesterday slammed a Supreme Court verdict, which effectively imposed just a one-month sentence on four Dominicans, as “a slap in the face” for those battling illegal poaching.
The principles that help manage risk
Enterprise Risk Management (ERM) is a process, implemented by a company’s board of directors, management and other personnel, which is applied in strategy setting across the enterprise.
Businessman: Create more ‘Freeports outside Freeport’
A Grand Bahama businessman yesterday suggested that the Government create more “Freeports outside Freeport” until the situation with the existing city resolves itself.
Marijuana advocate makes call for greater consultation
A marijuana advocate yesterday urged the Government to engage in more consultation over planned legislation as it was difficult to get excited about the proposal without seeing it.
Port: No tariff rises to aid inflation fight
Nassau’s major commercial shipping port has pledged it will not increase any tariffs despite growing fuel and energy cost pressures that threaten its profit targets for the 2022 financial year.
