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CCC to hold virtual meeting over Grand Bahama electricity rate rise
THE Coalition of Concerned Citizens is opposed to the Grand Bahama Power Company’s proposal for an increase in the electricity rate in Grand Bahama, and plans to hold a virtual town meeting on the issue next month.
Contractors: ‘Perfect storm’ over raw materials quotes
Bahamian contractors “cannot control prices” because quotes on building materials are holding for as little as 48 hours, with one saying yesterday: “It’s just the perfect storm.”
VAT bill ‘before end of the year’
BEFORE the end of this year the Davis administration expects to bring before Parliament three pieces of key legislation, including one that will decrease value added tax to 10 percent from the current rate of 12 percent.
Tourism rides supply chain ‘roller coaster’
Tourism’s post-COVID rebound will not be undermined by global supply chain woes, a top hotelier reassured yesterday, despite the industry enduring a logistics “roller coaster”.
Electricity rate rise ‘extra burden’ for GB revival leaders
Grand Bahama Power Company’s planned electricity rate increases will impose “an extra burden” on the very businesses the island is relying on to pull it out of recession, it was argued yesterday.
Digital is financial future in Bahamas
With the rise of smartphone adoption across the Caribbean, many industries have sought innovative ways to engage consumers by digitising their services. The banking industry is no different, as companies seek to establish future financial trends. As proven by the launch of the Sand Dollar, the world’s first Central Bank Digital Currency (CBDC), the Bahamas’ financial services sector is now looking to transform its legacy infrastructure by going digital to improve its security, lower costs and grow the customer base. Initially rolled out in Exuma and Abaco, as of March 2021, nine digital wallet providers circulated $130,000 worth of digital Bahamian dollars throughout the entire archipelago.
ALICIA WALLACE: We need to have our say at climate talks
IN less than two weeks, world leaders and activists will meet at COP26, the United Nations Climate Change Conference. The conference will be hosted by the United Kingdom in partnership with Italy. Parties that signed the 1994 United Nations Framework Convention on Climate Change (UNFCCC) treaty.
Poultry farmer: ‘It’s like we’re spinning on hamster wheel’
An Abaco poultry farmer yesterday said the agriculture industry would become more appealing to entrepreneurs and investors if the Government eliminates tiresome bureaucracy.
FACE TO FACE: A family living up to the legacy of a legend
WHEN a giant of a man leaves the imprint of his footstep on this Earth, it can be seen for generations to come.
Bank loss leaves Family Islands ‘out of economy’
Exuma’s Chamber of Commerce yesterday said it is aiming to engage the Government over the “devastating” impact the island has suffered from losing “two-thirds” of its bank branches.
Elephants in the room
It is remarkable that Dr Hubert A Minnis (FNM-Killarney) the cling leader of the rump opposition, who never seemed to find the time to speak with the press and the media while in office, is now finding the time and talking points to do so. Minnis is really now irrelevant in Bahamian politics and is yesterday’s man. He may not have come to the brutal conclusion that few Bahamians, if any, now listen to him. He’s akin to the fabled Emperor who was told repeatedly that he had no clothes on. The massive rejection of his political leadership must have stung him worse than a scorpion.
BPL: 63% of Abaco customers connected
Bahamas Power & Light’s (BPL) chief operating officer says just 63 percent of the company’s Abaco customers have “returned to base” after Hurricane Dorian devastated the island in 2019.
Nine people have police records expunged for minor offences
THE police records of nine people in Grand Bahama have been expunged for minor offences and Emergency Order violations.
Grand Bahama's first neurosurgery performed at Rand Memorial Hospital
Grand Bahama's first-ever neurosurgery was performed at Rand Memorial Hospital on Saturday.
‘Make Abaco the second Freeport’
Abaco’s Chamber of Commerce president yesterday called for the Dorian-ravaged island to be designated as a ‘second Freeport’ to further spur its recovery from the devastating storm.
Bank branches shrink 30% in seven years
The number of commercial bank branches in The Bahamas has declined by almost 30 percent over the past seven years, the Central Bank’s governor revealed yesterday.
Abaco resorts in up to 80% rebound despite difficulties
Abaco resorts yesterday said business has rebounded to almost 80 percent of pre-COVID levels as they bid to overcome staffing, housing and utilities woes created by Dorian and the pandemic.
Doctors ‘zeroing in’ on 1m COVID tests
Doctors Hospital is “zeroing in” on providing one million COVID-19 tests, it was revealed yesterday, with the majority of those provided to-date “key” to reviving the Bahamian economy.
Gov’t aiming to monetise 3.2m Dorian debris yards
The Disaster Reconstruction Authority (DRA) is “exploring options” as to how The Bahamas can “monetise” 3.2m cubic yards of Hurricane Dorian debris, its deputy chair said yesterday.
Davis: 150 homes for Abaco under review
PRIME Minister Philip “Brave” Davis promised his government will bring change to storm ravaged Abaco and said a plan to rebuild 150 homes on the island is under review.