Super Value chief ‘welcomes’ BPL’s extra 15% charge
Super Value’s owner says he is prepared to sacrifice short-term for long-term gain if Bahamas Power & Light’s (BPL) extra 15 percent debt servicing charge helps create reduced bills long-term.
Bahamas 'behind 8-ball' but not too late on marijuana
The Bahamas is “a bit behind the eight-ball” in developing a medical marijuana industry, the DNA’s former leader has conceded, arguing: “Let’s get started before it’s too late.”Branville McCartney, pictured, who said legalising the drug had been amon
Exuma 56% 'willing' on mobile payments
More than half of Exuma residents are “likely” to use their mobile phones for financial transactions, making the island a fertile testing ground for the Central Bank’s digital Bahamian currency pilot.The regulator’s survey of Exumian payments habits,
IAN FERGUSON: Using 2020 vision for great success
The year 2020 - by virtue of the number - has caused many in business to pause and consider how best to clarify their vision for achieving greater returns in the New Year. With the many challenges facing today’s small and medium-sized enterprises, th
Freeport energy regulation battle awaiting march trial
The battle to regulate Freeport’s energy sector will be fought before the Supreme Court on March 2020, the Utilities Regulation and Competition Authority (URCA) has revealed.URCA, in its just-unveiled 2020 draft annual plan and budget, disclosed that
Central Bank unveils digital B$ restrictions
The Central Bank has unveiled the limits it will impose on Bahamian digital currency holdings to protect financial stability and prevent “runs on bank deposits”. The regulator, in a paper on the Project Sand Dollar initiative to create a Bahamian di
QC’s ‘collapsed state’ fear if another Dorian
The Bahamas “will be a collapsed state” if Nassau suffers a Dorian-type hit within the next two years, a well-known QC warned yesterday, urging: “This is not the time for half measures.”
Freeport 'strangled' by night flying woe
Freeport stakeholders yesterday warned that the city’s economy will be “strangled” without the resumption of night flights after Sunwing’s Saturday afternoon departure was halted until the next morning. Magnus Alnebeck, the Pelican Bay resort’s gene
Consumers face 15% extra BPL bill charge
Bahamas Power and Light’s (BPL) chairman yesterday revealed that the extra charge consumers must pay come March 2020 will likely be equivalent to 15 percent of their electricity bills.Dr Donovan Moxey finally clarified that the National Utility Inves
Merchants in Xmas clearance scramble
Bahamian merchants were yesterday scrambling to clear last-minute Christmas shipments due to combination of bad weather and compliance issues with Customs’ new system. Tribune Business was told that some companies had run into the perfect storm as d
Labour chief's permit plan 'very costly and onerous'
A former Immigration minister yesterday said the director of labour’s plan to link work permit approvals to the hiring of Bahamian understudies is “good in theory, but very onerous in practice”.Branville McCartney, who held the post during the last I
PI resorts eye 90% Xmas occupancies
Major Paradise Island resorts are eyeing 90 percent occupancy levels for the Christmas and New Year holiday, an industry executive said yesterday, with the sector closely watching March softness. Carlton Russell, pictured , the Bahamas Hotel and Tou
Christie administration signed-off on $17.415m Post Office deal a day before election
The Christie administration signed-off on its $17.415m Post Office deal just one day before the May 2017 general election after the developer repeatedly warned it against "leaving me out in the cold".
Confidence in BPL ‘will not be rebuilt overnight’
Consumer confidence in Bahamas Power & Light (BPL) will not be rebuilt overnight, the private sector warned yesterday, even though its “no more load shedding” pledge could be the best Christmas gift.
Customs delays hit auto dealers
Bahamian auto dealers have incurred extra charges and delays in delivering vehicle imports to customers due to difficulties in adapting to Customs’ new electronic clearance system. Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) presiden
