Government 'handcuffed' by unused leases
THE Deputy Prime Minister yesterday accused the former administration of “handcuffing” the Government by entering into multi-million dollar leases for property that has never been used.K P Turnquest cited two cases where the Government owed between $
BOB faces forensic audit with Gov't 'open to a sale'
THE Government is planning a forensic audit into Bank of the Bahamas’ lending practices, the Deputy Prime Minister yesterday saying the Government is “open” to selling the troubled lender.K P Turnquest, kicking-off the mid-year Budget debate, told th
DPM targets $75m savings from debt burden's slash
THE Government will realise $75 million in annual interest savings if it returns the debt-to-GDP ratio back to 30 per cent, removing “the albatross around the neck” of the Bahamian society. K P Turnquest told the House of Assembly that such a ratio s
Year's delay fear on Fiscal Responsibility
A governance reformer yesterday expressed concern that Fiscal Responsibility legislation may only take effect in 2019, and warned it was “no silver bullet.” Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive director, told Trib
Gov't to reserve public tenders for small businesses
THE Minnis administration’s public procurement reforms will “set aside” specific contracts for only small Bahamian businesses to bid on, the Deputy Prime Minister said yesterday.Opening debate on the 2017-2018 mid-year Budget statement, K P Turnquest
ART OF GRAPHIX: Putting your stamp on image cloning
THERE are lots of respectable processing tools available for making minor edits to photos within the Adobe Photoshop collection box. The Healing Brush and the Spot Healing Brush tools are but two examples. These are great for minor edits to photos if
Water Corporation: 22 plants ‘no bid’
THE Water & Sewerage Corporation’s (WSC) chairman yesterday revealed that it “amazingly” issues 22 contracts to reverse osmosis plant (RO) operators “without a single one going to tender”.
Cable ‘turning corner on plan’ despite $31m loss
Cable Bahamas’ top executive yesterday said Aliv and its Florida investments will “turn the corner on plan” within the next 12-18 months despite a near-$31 million half-year loss.
Chamber chief: ‘Not right time’ for extra BPL debt charge
THE Chamber of Commerce’s chief executive is arguing that “now is not the right time” for Bahamas Power & Light (BPL) to add additional charges to customer bills.
FINCO profits near-double on 50% loan provision fall
FINANCE Corporation of the Bahamas (FINCO) profits near-doubled in 2017 due to a more than 50 per cent drop in loan loss provisions, even though bad credit increased to $121 million.Royal Bank of Canada’s (RBC) mortgage arm, in financial statements r
PM's one-time nemesis blasts 'really egregious Oban missteps'
THE Prime Minister’s former political nemesis yesterday slammed the Government’s “really egregious missteps” over the Oban Energies project, branding it “a very fishy deal”.Loretta Butler-Turner, who led the ‘coup’ to oust Dr Hubert Minnis as Opposit
Bahamas leads Caribbean on broadband Internet costs
CABLE Bahamas is arguing that this nation has the lowest monthly fixed broadband Internet charges in the Caribbean, coming in at just 0.7 per cent of average household income.The BISX-listed communications provider cited this and other data to suppor
Conference focuses on repositioning Bahamas
THE Bahamas Financial Services Board (BFSB) combined its annual Summit with the regular Bahamas Briefing that sells international intermediaries on this nation’s benefits as an international financial centre (IFC).More than 170 persons attended this
Construction regulation moves one step closer
THE Bahamian construction industry is moving closer to having regulatory oversight, after the Bahamian Contractors Association (BCA) resubmitted its nominees for the Contractors Board.That Board will oversee enforcement of the Construction Contractor
Eleuthera 'improvises' with dock as Glass Window shut
ELEUTHERA residents have “had to improvise” to facilitate movement between the island’s north and south after the “vital commercial link” of the Glass Window Bridge was closed by high swells.Ivan Ferguson, the Family Island administrator for North El
