Don’t cut spending ‘too far’, govt told
Private sector leaders yesterday warned the government not to “go too far” with its planned $130m spending cuts, pointing out that 40 years of fiscal woe “can’t be undone in three years”.
US warnings ‘threaten core of our existence’
The Bahamas “must do everything in our power” to combat US crime advisories, the Chamber of Commerce’s chief executive warning yesterday: “It threatens the very core of our existence”.
Power managers: Job fears, but ‘on right path’
Bahamas Power & Light’s (BPL) managerial union yesterday said the utility’s generation reforms are “on the right path” while voicing fears about its members’ job security.
Banks’ bad loans strike ten-year low
Bad loans commercial banking industry borrowers dropped to under $800m at end-January 2019, falling to their “lowest levels for ten years”.
Bahamas Striping wins award from think-tank
The Bahamas Striping Group of Companies (BSGC) has been honoured with the Nassau Institute’s Freedom Award for Entrepreneurship.
BISX market cap rises $50m in '18
The market value of all BISX-listed securities rose by nearly $50m during 2018, with a strong fourth quarter enabling the exchange’s All-Share Index to close the year up 2.2 percent.
Govt pushes innovation as solution to change
The government is pushing technology and innovation as a response to the dynamic, rapidly evolving global economy, the deputy prime minister has confirmed.
BPL renewable energy plan still in ‘draft phase’
BAHAMAS Power & Light’s (BPL) $95m deal for new electricity generation “ties in” to its renewable energy plans, a senior executive has confirmed, although these are only in “draft phase”.
Fishermen call for ‘illegal racket’s’ end
Fisheries representatives yesterday called on the government to address “an ‘illegal racket” infiltrating a sector that should be reserved for “Bahamians only”.
Tourism chief targets top US safety ranking
A Cabinet minister yesterday pledged to put US crime warnings on “a continued downward trend of severity” that will lead to The Bahamas being rated among the world’s safest nations.
BPL vendors ‘fall through cracks’ in payment delay
Bahamas Power & Light’s (BPL) chairman yesterday admitted some vendors had suffered payment delays because they had “fallen through the cracks” with its new procurement system.
BISX-listed Fund targeting $1m Financial Centre boost
The BISX-listed Bahamas Property Fund is “looking to grow again” in 2019 through potential acquisitions and rental prospects following a $1.232m “bottom line” turnaround.
BPL executives brush off ‘game plan’ challenge
BAHAMAS Power & Light (BPL) executives yesterday brushed off questions about their “game plan” as they moved to “fast track” the $95m installation of 132 megawatts (MW) in new power generation.
Vacation rental bookings increase 37% for January
The Bahamas maintained its strong tourism performance through January 2019 with total air departures from Nassau and Airbnb bookings both up by “double digits” year-over-year.
Limited payment options hit BPL Out Island clients
BAHAMAS Power & Light’s (BPL) chief executive yesterday conceded that limited payment options may have exacerbated unpaid customer bills in some Family Islands.
