GB Power critic: Rate increase is ‘last straw’
Businesses and civil society yesterday united against Grand Bahama Power Company’s proposed electricity rate increases, with some branding it “the last straw” and warning of protests to come.
Lucayan Board urges Royal Caribbean exit
The Grand Lucayan’s Board has “unanimously” recommended to the Davis administration that it exit the ITM/Royal Caribbean deal and “move on” with alternative options.
The perfect storm
ActivTrades
There is still a shortage of containers all over the world. The ships are jammed in the ports, for example, in Los Angeles. The pandemic is disrupting global trade.
Poultry farmer: ‘It’s like we’re spinning on hamster wheel’
An Abaco poultry farmer yesterday said the agriculture industry would become more appealing to entrepreneurs and investors if the Government eliminates tiresome bureaucracy.
Cable Bahamas readies for growing cyber threat
Cable Bahamas is “simplifying tasks” and “reducing compliance costs” as its moves to combat fraud in a period of accelerated “digital transformation” driven by COVID-19.
Embassies hit by 75% auto delivery plummet
Bahamas-based diplomatic missions are among those hit by a vehicle backlog where local dealers receive as little as 25 percent of their orders as the global supply chain crisis worsens.
Bank loss leaves Family Islands ‘out of economy’
Exuma’s Chamber of Commerce yesterday said it is aiming to engage the Government over the “devastating” impact the island has suffered from losing “two-thirds” of its bank branches.
Farmers ‘frustrated’ by rampant red tape
An agriculture entrepreneur yesterday urged multiple government ministries to slash the bureaucratic processes that are “frustrating” farmers and impeding a “time sensitive” industry.
GB Power in 25-year east, west extension
Grand Bahama Power Company yesterday confirmed its East and West End electricity supply agreements have been extended for a further 25 years - a revelation not met with universal acclaim.
PI entrepreneur confident in new Gov’t on lease fight
The Bahamian entrepreneur locked in a legal battle with the Government over his Crown Land lease on Paradise Island yesterday voiced optimism the new administration will come to his rescue.
Tour operators renew yacht charter tax call
Bahamian excursion operators yesterday renewed their call for VAT and National Insurance Board (NIB) contributions to be levied on foreign yacht charters so that they pay a fairer share of taxes.
Export agency seeks ‘orange economy’ link
A Caribbean export agency yesterday said it is seeking to partner with the Government to enable The Bahamas’ cultural and creative industries to fulfill their true economic potential.
Ex-BAIC manager’s $134k win over ‘radio show’ firing
A former Bahamas Agricultural and Industrial Corporation (BAIC) manager has won more than $134,000 after he was fired for allegedly sitting in his vehicle and joining in radio talk shows.
Ex-PM signed off $40m loan day before election
A Cabinet minister yesterday said he had no problem with Dr Hubert Minnis committing The Bahamas to a $40m loan one day before the general election as it has secured vital health funding.
Bahamas broker: $440m action out in under four days
Four Ukrainians yesterday withdrew a lawsuit alleging a $440m fraud against a Bahamas-based broker/dealer just four days after it was filed in the southern New York federal district court.
