Fiscal Council chief: ‘No short-term fix’
The Fiscal Responsibility Council’s chairman yesterday said there was “no short-term fix” for the government’s multi-billion dollar debt and deficit challenges, describing it as a “difficult situation”.
BPL discloses staff pay as union relations sour
Bahamas Power & Light (BPL) last night said line staff earned average “cash compensation” of almost $58,000 during its 2020 financial year as industrial relations at the utility appeared to further sour.
Regional insurer in acquisition deal
A pan-Caribbean insurer with a Bahamian subsidiary yesterday confirmed that Peak Reinsurance Company has agreed to acquire 100 percent of the group subject to closing conditions and regulatory approvals.
ART OF GRAPHIX: The ‘heavy hitter’ for editing video
Adobe Premiere Pro is the heavy-duty hitter that can be used for anything from short films to feature films. I think you would be hard-pressed to know a creative who has not heard of Adobe Premiere Pro. It is one of Adobe’s flagship programs that likely sits just behind Photoshop in terms of popularity. Adobe is to graphics and video what Microsoft is to data.
Governor: Public finance rebuild ‘ambition’ critical
The Central Bank’s governor yesterday said the government’s “fiscal consolidation ambition” is critical to protecting the external reserves and currency peg, as well as enabling the country to meet its debt payments.
Liquidator blasts own creditors committee
A Bahamian broker/dealer’s liquidator has resumed battle with his own creditors committee by blasting their criticism of his $1m-plus fees as “significantly lacking in substance, truth and accuracy”.
Attorney: Amend laws for mandatory vaccine
A Bahamian attorney yesterday urged the government to reform health and safety at work laws to allow employers to mandate that staff get vaccinated against COVID-19.
Govt defending ‘sole source’ Customs app
A top Ministry of Finance official yesterday defended the decision to accept a “sole source” bid for the app that now allows persons to file their Customs declarations electronically prior to arrival in The Bahamas.
Unions fearing ‘chilling effect’ if orders extend
Trade union leaders yesterday warned that any extension of the COVID-19 Emergency Orders will have “a chilling effect” on the Bahamian workforce with 60 percent of hotel union members still furloughed.
Lucayan seeks $3m over water ‘damage’
The government-owned Grand Lucayan yesterday said it is seeking almost $3m in compensation from the Grand Bahama Port Authority (GBPA) for “the exorbitant loss and damage” caused by poor quality water.
Unpaid tax, utility bills to factor into credit track record
The Central Bank’s governor yesterday warned that unpaid tax liabilities and utility bills will factor into Bahamians’ credit scores once the nation’s first Credit Bureau begins issuing reports to lenders.
Marinas seek ‘home port’ equivalent over yachting
The Bahamas will enjoy “the equivalent of cruise ship home porting” if the government follows through on pledges to develop a fully-fledged yacht registry, Tribune Business was told yesterday.
Tourism ‘90% unaffected’ by COVID-19 tightening
Tourism industry executives yesterday voiced optimism that the industry’s recovery will not be impacted by the government’s tightening of COVID restrictions, with one asserting it will be “90 percent unaffected”.
BPL chair asserts Shell negotiations ‘making progress’
Bahamas Power & Light (BPL) has made “significant progress” in negotiations with Shell North America for the latter to supply New Providence’s baseload electricity needs, its chairman said yesterday.
BPL chief hails $15m storage ‘game changer’
Bahamas Power & Light’s (BPL) chief executive yesterday hailed its planned $15m battery storage facility as a “game changer” for energy costs, efficiency and supply reliability.
