The return of oil
ActivTrades
BARELY 14 months ago, oil traders were paying almost $40 to anyone willing to accept delivery of a barrel of crude by the end of May 2020. Such had been the pandemic’s impact in the demand for the black gold, that storage reached full capacity and those who, acting as middlemen, had secured large quantities of oil, were unable not just to resell it but even to keep it stored at a suitable location.
Bahamas must replace vital infrastructure ‘every 20 years’
The Bahamas faces having to replace its entire infrastructure every 20 years due to its exposure to more severe and frequent hurricanes, an Inter-American Development Bank (IDB) analysis has asserted.
‘Strong possibility’ 2016 PI protest is repeated
A trade union leader yesterday said there was “a very, very strong possibility” that there will be a repeat of the 2016 protest walk over Paradise Island Bridge unless access to Cabbage Beach is resolved.
PI entrepreneur urges: “Let’s talk it out, PM’
A Bahamian entrepreneur yesterday said he has renewed efforts to negotiate a solution to his Paradise Island crown land lease dispute by requesting a meeting with the prime minister.
‘Ball is in their court’ over Bimini’s airport
A senior government official yesterday said “the ball is in the court” of Bimini’s largest investor to submit a completed $40m offer to transform and take over management of that island’s airport.
Controversy-hit airport: Five ‘unsolicited’ offers
The government was yesterday said to have received “at least five unsolicited” offers from the private sector to redevelop Cat Island’s New Bight airport, which has become the focus of political controversy.
Budgeting to face future challenges
* In the final of a four-part series, Hubert Edwards warns that The Bahamas has reached a 'debt trap' tipping point that will require a collective effort to address . . .
How employers can show appreciation for fathers
With Father’s Day just around the corner, employers may be wondering how to appreciate and keep men engaged. When your employee shows up to work, you expect them to leave everything at the door, focus on work and make the most of their time on-the-clock. What you probably do not often see or discuss is the sacrifices they make by being a working father. Fatherhood done correctly is becoming increasingly more challenging.
DPM hails BPL upturn but no $535m bond timeline
The deputy prime minister yesterday hailed Bahamas Power & Light’s (BPL) fuel hedging strategy for bringing electricity rates to an all-time low but made no mention of when its $535m refinancing will occur.
Bahamas’ choices: Austerity or growth
Financial services professionals have cited “missed opportunities” and “glaring deficiencies” in the 2021-2022 budget that has been presented to Parliament for approval.
Bahamas’ choices: Austerity or growth
Financial services professionals have cited “missed opportunities” and “glaring deficiencies” in the 2021-2022 budget that has been presented to Parliament for approval.
‘Culture of theft’ costs farmers up to 50-60%
Farmers yesterday revealed they are developing legal reforms to crack down on “the culture of theft” that is costing some “up to 50-60 percent of their crop in one night” and devastating the industry.
PI beach access closed for $250m condo-hotel plan
The Ocean Club’s owner last night said it had closed a popular access route to Paradise Island’s Cabbage Beach out of “safety concerns” as it prepares to begin construction on a $250m condominium-hotel project.
Ex-AG: Put real estate residency threshold to $1m
A former attorney general has called for The Bahamas to increase the real estate investment threshold for economic permanent residency to $1m, and asserted: “It should never have been lower than that.
Crowdfund platform’s launch eyes start-ups looking for $1m-$2m
A Bahamas-based crowdfunding platform will showcase “four, maybe five” start-ups each seeking between $1m-$2m in financing when it launches by the second week in July, it was revealed yesterday.
