PM: BPL probe to commence soon

NASSAU, BAHAMAS – Nearly eight months after promising a probe into matters that unfolded at Bahamas Power and Light (BPL) between some former board members and Minister of Public Works Desmond Bannister, Prime Minister Dr. Hubert Minnis said yesterday that the government has engaged a company to complete that investigation. “We have signed the contract […]

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BPL hits western NP with more load shedding

NASSAU, BAHAMAS – For the second time in 72 hours, Bahamas Power and Light (BPL) carried out a load shedding exercise yesterday morning as a result of engine tripping which created a generation shortfall. According to BPL, an engine tripped at around noon yesterday, resulting in widespread service interruptions for customers in southern New Providence. […]

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Sands: Businesses readying for Disney development impact, but more details needed

NASSAU, BAHAMAS – President of the Eleuthera Chamber of Commerce Thomas Sands said yesterday that while there is a degree of optimism among the business community on the island after the government signed a heads of agreement with Disney Cruise Line to develop Lighthouse Point, South Eleuthera, some businesses owners are still not clear on the economic […]

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U.S. maintains ‘increase caution’ advisory on Bahamas

Advisory maintains warnings on Sand Trap, jet ski operators and Fish Fry. NASSAU, BAHAMAS – While Minister of National Security Marvin Dames said earlier this month that he expected future United States Department of State travel advisories to reflect ongoing discussions between the two countries, the latest U.S. advisory released Monday maintains its “increased caution” […]

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Bahamas experienced strong economic performance, IMF says

Report credits government’s macroeconomic policies and programs NASSAU, BAHAMAS – The IMF said The Bahamas delivered “strong economic performance” last year, supported by what it said was strong macroeconomic policies and programs on fiscal reforms. It noted that with downside risks prevailing, maintaining the positive momentum realized requires broad-based reforms to strengthen institutions, improve competitiveness […]

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IMF recommends more “equitable” tax system for The Bahamas

Report points to capital gains tax and income tax NASSAU, BAHAMAS – While the Minnis administration has assured that it is not considering a corporate tax, income tax or further increases to value-added tax (VAT) as part of its fiscal agenda for the remainder of its term, the International Monetary Fund (IMF) has pointed to […]

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IDB: Power outage indicators below expected performance

Bannister: This will be the last report of this nature NASSAU, BAHAMAS – With an old power generating infrastructure and minimal penetration of renewal energy, The Bahamas’ electrification and electrical outages indicators, like other Caribbean countries, were “below expected performance”, according to the Inter-American Development Bank (IDB) . The IDB released its 2019 Latin American […]

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IDB outlines The Bahamas’ deficiencies in various sectors

NASSAU, BAHAMAS – The Inter-American Development Bank’s (IDB) Latin American and Caribbean Macroeconomic Report 2019 points to range of deficiencies in The Bahamas’ utilities, road networks, technology, aviation and maritime sectors, while encouraging the use of public private partnerships to realize urgent upgrades. According to the report, while the systems and network of roads within […]

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Wärtsilä engines expected to be fully installed by September 2019

NASSAU, BAHAMAS – Minister of Public Works Desmond Bannister yesterday foreshadowed that the seven Wärtsilä engines being acquired by Bahamas Power and Light (BPL) to address long-term generation capacity will arrive in early May and will be fully installed by September 2019. “We expect they will be in full operation by September,” Bannister told Eyewitness […]

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Govt. committed to completing forensic audits, says Turnquest

NASSAU, BAHAMAS – The government is committed to completing the forensic audits of government agencies and departments it outlined upon coming to office and will not “hold back any information” from the public, according to Deputy Prime Minister and Minister of Finance Peter Turnquest. “There are a few that are still in progress. The ones […]

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DPM: “Nothing is off the table”

NASSAU, BAHAMAS – While insisting that the Minnis administration’s fiscal consolidation plan for The Bahamas over the three years does not include increasing any existing taxes or introducing any new taxation measures, Deputy Prime Minister and Minister of Finance, Peter Turnquest said his ministry has continued to research various tax models to potentially respond to […]

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DPM: Govt. could “go deeper” into NSA audit

Turnquest laments work of auditor general being politicized NASSAU, BAHAMAS – As the government continues its review of an audit into the National Sports Authority (NSA), which uncovered several damning revelations relating to the award of certain contracts, Deputy Prime Minister and Minister of Finance Peter Turnquest said yesterday that the government could decide to […]

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Maynard on Wartsila deal: PM has assured Bahamian workers will be trained

NASSAU, BAHAMAS – Bahamas Electrical Workers Union (BEWU) President Paul Maynard said Prime Minister Dr. Hubert Minnis has assured that Bahamian workers will be trained to maintain the generation units that are being purchased through the Wartsila agreement. “I have been given assurances that Bahamians will be trained and operating the plant,” Maynard told Eyewitness […]

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