Oil opponents: BPC’s $200,000 demand will knock out legal action
Oil exploration opponents yesterday admitted they will have to halt their challenge to Bahamas Petroleum Company’s (BPC) drilling approvals if it succeeds with its $200,000 “security for costs” demand.
‘Sea change’ for national finances
The Ministry of Finance’s top official last night said reforms tabled in the House of Assembly yesterday represent “a sea change” in the way the government manages the public finances.
Govt to plug genetic exploitation loophole
The government yesterday moved to finally plug a loophole that has enabled foreign exploitation of The Bahamas’ biological and genetic resources without this nation earning a cent.
‘Reinvent’ agriculture for $190m import cut
The Bahamas can slash $190m off its food import bill only if it completely “reinvents” the business model for its shrinking agriculture sector, the Inter-American Development Bank (IDB) has disclosed.
Minister: Give us ‘offset’ to halt oil drilling pursuit
A Cabinet minister yesterday argued The Bahamas should seek "offsetting” compensation from neighbouring countries if it bows to their demands to give up oil exploration.
Distillery 'overjoyed' at February re-open
A prominent Bahamian distillery and tourist attraction yesterday said it was "overjoyed" to have re-opened last week after being closed for nine months due to COVID-19 and associated restrictions.
Electricity price review targets summer finish
An electricity sector tariff review will be completed by summer 2021 with the entire sector showing “great interest” in completing this pricing review.
Electric vehicle first launches at the Mall
The Bahamas' first electric vehicle (EV) show launches today in a bid to showcase a product that is in growing worldwide demand to Bahamian consumers.
URCA plans to study third mobile operator feasibility
The Bahamian electronic communications sector faces a comprehensive market review that could possibly pave the way for the introduction of a third mobile phone operator.
$10m Exuma development unveils plans
A $10m resort/marina project is aiming to create 50 construction, and up to 30 full-time, jobs on Exuma if it received the go-ahead from the government’s regulatory agencies.
Andros lodge: Oil strike out removes ‘dark cloud’
An Andros bonefishing lodge’s co-owner yesterday said “a large dark cloud” that helped slash bookings by 30-40 percent has been removed with the failure to discover commercial oil quantities.
BPC director: Activists can’t dictate on oil
A Bahamas Petroleum Company (BPC) director yesterday argued that “pressure groups” cannot dictate to a sovereign nation whether it should seek out and exploit its natural resources.
‘Rude awakening’ awaits on true COVID-19 costs
Bahamians face “a rude awakening” once COVID-19’s true economic and fiscal costs are revealed, a governance reformer warned yesterday, as he called for “accelerated efficiency” in government.
UNFIT TO HIRE: AID boss says lack of English and Maths is harming job applicants
A major Bahamian retailer says “the biggest obstacle” to its expansion is the lack of “basic Maths and English” skills among potential recruits as it aims to build a 200-strong workforce by June.
FULL SEVERANCE PAY IS ‘DOUBLE EDGED SWORD’
A Cabinet minister yesterday argued it was a “double-edged sword” for companies to give furloughed workers full severance packages, as he urged persons to remain committed to their employers.
