GB Port Authority investigates fast food power theft allegations

NASSAU, BAHAMAS – The Grand Bahama Port Authority (GBPA), the regulators of Grand Bahama Power, has launched an independent investigation into the ongoing allegations of power theft involving several fast food franchises and the energy-saving devices that were installed at these restaurants by a GPBA licensee. “The Grand Bahama Port Authority limited wishes to advise […]

Comment on this article

Govt. issues $100 million bond

NASSAU, BAHAMAS – The government yesterday tabled two resolutions inviting applications for The Bahamas Registered Stock options totalling $100 million in three tranches. The bonds were issued under The Bahamas Registered Stock Act. Prime Minister Dr. Hubert Minnis tabled the offerings in Parliament yesterday on behalf of Minister of Finance Peter Turnquest, who was out […]

Comment on this article

Thompson: Govt. monitoring GB fast food chain power disconnection

Says parties involved were encouraged to engage in dialogue   NASSAU, BAHAMAS – The government is closely monitoring and is very concerned about the allegations of electricity theft levied against certain fast food operators in Grand Bahama, said Minister of State for Grand Bahama Kwasi Thompson on Tuesday. Speaking to Eyewitness News Online, Thompson said […]

Comment on this article

PM gives update on Oban meeting

Says protection of the environment was high on the agenda   NASSAU, BAHAMAS – While the specifics of a closed-door meeting, which was held on Monday between government and Oban executives are being kept under wraps; the prime minister revealed to Eyewitness News Online that the end result of any agreement between both parties will […]

Comment on this article

GB Cooper family refutes power theft allegations

Says restaurants were using an “energy-saving” device   FREEPORT, GRAND BAHAMA – The Cooper family, the owners of Burger King, Kentucky Fried Chicken and the Pollo Tropical franchise in Freeport, Grand Bahama, on Sunday vehemently denied that any of their businesses are stealing generation from Grand Bahama Power. “The Cooper family is deeply saddened by […]

Comment on this article

Energy forum to discuss sustainable future

NASSAU, BAHAMAS – The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is hopeful that its 2019 energy forum, which is slated for March 19, will attract hundreds of stakeholders to discuss and exchange ideas concerning energy reform in the country. The Bahamas Energy Security Forum (BESF) is an initiative established by the BCCEC in […]

Comment on this article

PDC Chairman: Some Senators, MP’s have failed to disclose assets

NASSAU, BAHAMAS –  Myles Laroda, Chairman of the Public Disclosure Commission(PDC) confirmed on Thursday that some parliamentarians did not disclose their assets before the March 1 deadline. In a telephone interview with Eyewitness News, Laroda said following a meeting held yesterday, he has since written a letter to prime minister Dr. Hubert Minnis as well […]

Comment on this article

25 beds gifted to PMH; at least 200 more needed

NASSAU, BAHAMAS – While the 25 beds gifted to the Princess Margaret Hospital (PMH) by the PMH Foundation on Thursday is a start to eliminating old beds and decreasing the existing bed shortage, at least 200 more are needed, said Lyrone Burrows, Deputy Managing Director at the Public Hospitals Authority (PHA). At yesterday’s official bed […]

Comment on this article

The Bahamas avoids EU’s blacklist

Ministry of Finance: Blacklist avoidance sends a “strong signal”   NASSAU, BAHAMAS – The Bahamas was not included on the European Union’s updated list of non-cooperative jurisdictions for tax purposes, which was published yesterday. In a statement, the Ministry of Finance said the decision reflected the government’s efforts to “safeguard the global competitiveness of the […]

Comment on this article

Govt.: Disney HOA to be tabled March 20

NASSAU, BAHAMAS – After being slammed by the Opposition and environmentalists for not allowing the media to attend last week’s Heads of Agreement signing for Disney’s proposed development at Lighthouse Point in  Bannerman Town, South Eleuthera, the government announced last night that in the interest of transparency and accountability, the Heads of Agreement will be […]

Grand Lucayan managers reject VSEP offer

NASSAU, BAHAMAS – Managers of the now state-owned Grand Lucayan Resort have rejected the voluntary separation packages (VSEP) offer from Lucayan Renewal Holding, the special purpose vehicle created to represent the government in the sale of the property. The matter was heard before the Industrial Tribunal in Grand Bahama on Monday, and according to Trade […]

$9 million available for Family Island small, medium-sized businesses

Grants allocated at $20,000   NASSAU, BAHAMAS – Prime Minister Dr. Hubert Minnis said that in this fiscal period the government in conjunction with the private sector has made available $9 million for the development, financing and expansion of small and medium-sized businesses, with grants available of up to $20,000 to entrepreneurs on the Family […]

Bahamas Taxicab Union launches partnership with Global Ports Holding

NASSAU, BAHAMAS – Having been selected as the preferred bidder for the redevelopment of Nassau’s cruise port, Global Port Holdings first order of business was to formally meet with Executives of the Bahamas Taxi Cab Union (BTCU),  the Prince George Wharf Taxi Association  and the Downtown Nassau Partnership in regards to the redevelopment of Prince […]

Jamaican posing as orthodontist charged on 10 counts of fraud

NASSAU, BAHAMAS- Santini Kerr-Wilson, a 27-year-old Jamaican of Bonham Spring Ocho Rios, Jamaica, shed tears on Thursday when she stood before magistrate Samuel McKinney, charged on 10 counts of fraud while posing as an orthodontist. The mother of two and the owner of “Italian Braces”, posted an ad in February which stated that she specialized […]

Moultrie urges MPs to disclose finances before March 1 deadline

NASSAU, BAHAMAS – House speaker Halston Moultrie on Wednesday reminded parliamentarians of their obligation to file their financial disclosures before the March 1st deadline. Failing to declare under the Integrity Commission Bill could result in a fine not exceeding $15,000 or a term of imprisonment not exceeding one year. The Bill requires public officials, including […]

Stronger U.S. economy helped The Bahamas’ economic growth pace maintain momentum

NASSAU, BAHAMAS — Acting Prime Minister Peter Turnquest explained that a stronger U.S. economy was the pillar on which the country’s domestic economic growth pace maintained its momentum in 2018, with the most favourable gains posted by the tourism industry. “You may recall that the Prime Minister recently noted the International Monetary Fund’s (IMF) growth […]