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Rising oil costs fuel concerns
February 24, 2011
Rising oil costs fuel concerns
Prime Minister Hubert Ingraham said yesterday conservation measures will likely have to be put in place as rising oil prices threaten to drive up the cost of gas and basic commodities.
“Domestic inflation remained benign in 2010, despite the moderate uptick in international oil and commodity prices,” said Ingraham as he presented the mid-year budget statement in the House of Assembly.
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April 19, 2024
Trade Commission eyeing direct import route to slash costs by 20 percent
NASSAU, BAHAMAS — The Chairman of the Bahamas Trade Commission said that efforts are underway to eliminate the middle process and ensure that goods can come directly from major export countries to Grand Bahama and then directly to the islands of The Bahamas, which he said could reduce the cost of goods by 20 percent. [...]
March 08, 2024
BCCEC: NIB rate hike necessary but could increase the cost of doing business
BCCEC says rate increase necessary but regrettable action not taken sooner NASSAU, BAHAMAS- The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has expressed concern that the increase in the National Insurance contribution rate announced in Parliament on Thursday will possibly increase the cost of doing business in the country, noting that it was regrettable that [...]
Major transport firm in 35 fuel cost hike
March 07, 2011
Major transport firm in 35 fuel cost hike
By NEIL HARTNELL
Tribune Business Editor
A leading Bahamian transportation company, which consumes almost one million gallons of diesel per year, yesterday said it had seen its fuel costs rise 35 per cent year-over-year, a senior executive telling Tribune Business it was "ridiculous" that this nation had yet to devise and implement a long-term solution to oil price shocks.
Khaalis Rolle, Bahama...
February 16, 2024
Small Home Repairs Program To Now Cost Government $5Million
NASSAU, BAHAMAS -Initially tapped at three million dollars, Press Secretary in The Office of The Prime Minister Keishla Adderley says now The Small Home Repairs Project is set to cost five million dollars.
May 11, 2020
In an email to UTEB, UB proposes cost-cutting measures
President of the University of The Bahamas (UB) Dr. Rodney Smith.The University of The Bahamas (UB) is considering implementing a hiring freeze, early retirement for some staff and a hold on bonus payments and promotion increases, UB President Dr. Rodney Smith wrote. The "cost cutting measures", from UB's Administrative Council, were sent to the Union [...]
The post In an email to UTEB, UB propose...
February 02, 2024
WSC manager claims she was asked, 'What ways can we find to increase costing?'
A SENIOR manager at the Water and Sewerage Corporation (WSC) claimed in court yesterday that Adrian Gibson asked her how the corporation could increase the cost of maintenance contracts awarded to companies he allegedly ordered to be contracted.
Doctors Hospital and Health City Cayman Islands arrangement to streamline and reduce off-island care cost
February 01, 2024
Doctors Hospital and Health City Cayman Islands arrangement to streamline and reduce off-island care cost
NASSAU, BAHAMAS — Doctors Hospital executives yesterday lauded the collaboration with Health City Cayman Islands as a "transformative" arrangement aimed at reducing costs and streamlining off-island care for Bahamians, thereby establishing a lower price point for complex medical services that have been traditionally undertaken in South Florida. Dennis Deveaux, the BISX-listed healthcare provider...
January 17, 2024
Auto dealers pushing for price control relief amid burden of rising business costs
Industry sees major rebound in 2023, but bemoans price controls NASSAU, BAHAMAS — The President of the Bahamas Motor Dealers Association (BMDA) yesterday lamented the burden of rising business costs and underscored the industry's ongoing efforts to seek relief from price controls, citing these challenges as impediments to growth. "We fall in the category of [...]
'Whatever is needed' will be spent on CARIFTA costs
December 21, 2023
'Whatever is needed' will be spent on CARIFTA costs
YOUTH, Sports, and Culture Minister Mario Bowleg said the government would spend whatever is necessary to make certain next year's CARIFTA Aquatics Championships is "great".
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