Closure fear at Cavalier job cuts
Fears were growing last night that one of The Bahamas’ largest and best-known construction companies has shut down permanently with some 54 employees already terminated.
BPL cuts bond to $580m raise
Bahamas Power & Light (BPL) has cut the target for its upcoming bond issue to $580m as it places reliance on “selling our turnaround strategy” to obtain the credit rating it needs.
Bahamians trapped in 'double dependency'
Many Bahamians “lack the means to live” and are caught in a “double dependency syndrome” that relies on the government to provide growth and jobs, an economic observer argued yesterday. Dr Johnathan Rodgers, pictured , the well-known eye doctor, tol
BPL staff must know ‘the customer is king’
All Bahamas Power & Light (BPL) staff “must know the customer is king”, a union leader has charged, arguing: “We’ve got to make this utility a lean, mean, fighting machine.”
Government bidding reform 'revolutionary'
More than 400 businesses were represented at the Inter-American Development Bank’s (IDB) first-ever Bahamian procurement fair in a bid to increase their share of its $292m in locally-funded projects. Marlon Johnson, the Ministry of Finance’s acting
Union's election action given court go-ahead
The Water and Sewerage Corporation’s management union (WSMU) has been given permission to proceed with its Judicial Review action over alleged government interference in its elections. Supreme Court Justice, Indra Charles, last week allowed the unio
Shipping firm 'locks' down its deliveries
A Bahamian shipping company has promised to take the “hustle and bustle” out of picking up packages outside business hours by offering “lock boxes” at no extra cost. Tomonique Butterfield, operations manager for Go Postal, told Tribune Business that
Realtor's top agents list $56m in property
Damianos Sotheby’s International Realty has unveiled its top listing agents for 2019, with the best performing duo handling $56m worth of property. That was Mark Hussey and Bianca Aranha, who were the realtor’s overall top listing agents. Mitzi Pear
GB Power to restore island's east by May
Grand Bahama Power Company (GBPC) has pledged to restore electricity distribution to the island’s eastern end by May 2020 through rebuilding 35 miles of transmission lines.“We’re continuing the challenging work of clean-up of downed wires, poles and
Customs crackdown to find $15m minimum in lost funds
A Customs Department consultant has pledged to identify no less than $15m in uncollected revenue when its eight-month effort to crack down on leakages begins today. The Ministry of Finance, in a statement issued yesterday, confirmed that TTEK Inc ha
Bahamas in 'good shape' on petroleum price fears
A top petroleum executive says The Bahamas in “pretty good shape” on short-term fuel costs as the global oil market has not “reacted as strongly” to the US and Iranian stand-off as initially feared. Keith Glinton, regional manager for Sol Petroleum B
Sea level rise threat to 15% of Bahamas' GDP
The Bahamas is among the top four nations forecast to be hit hardest by rising sea levels, a rating agency warned yesterday, with up to 15 percent of annual GDP and 11 percent of its people in peril. Moody’s, unveiling an assessment about the long-t
BPL’s 15% fee ‘cost neutral’ by August
Bahamas Power & Light (BPL) is hoping to make the extra charge associated with its $650m refinancing “cost neutral” for consumers by August 2020, its chairman revealed yesterday.
BPL chair admits: ‘We’ve lost trust of our customers’
Bahamas Power & Light’s (BPL) chairman yesterday admitted the utility has “lost the trust of most of our consumers”, while also conceding: “Our customer service is terrible.”
Shell: Bahamas 'front runner' on clean energies
A Shell executive yesterday said The Bahamas can be “a real front runner” in adopting cheaper, more environmentally-friendly fuels through New Providence’s proposed new multi-fuel power plant.Markus Hector, Shell LNG marketing and trading’s general m
