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Minister: ‘Goalposts keep moving’ with EU, OECD
The Bahamas is now being blacklisted for implementation deficiencies rather than weaknesses in its financial laws, a Cabinet minister said yesterday.
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PHA report: Woman who died was ‘acutely ill’
THE Public Hospitals Authority said a woman who complained in a viral video about her rapidly deteriorating platelet count was “acutely ill” and died “despite all the efforts by the clinical team, including nursing, physicians, and laboratory staff”.
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PM: $160m project to give 300 full-time jobs
The Prime Minister yesterday unveiled the revival of the long-awaited Cat Island Partners project with a "scaled down" $160.45m investment that aims to create 150 Bahamian construction jobs and up to 300 permanent posts.
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Minister urges UN take over of global tax woes
A Cabinet minister yesterday called for the creation of an independent multilateral body to review all tax-related blacklistings of The Bahamas and other small jurisdictions over what he described as “technical deficiencies”.
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Registered agents take on substance reporting burden
The Attorney General yesterday said financial services providers will have to do economic substance reporting for all entities where they act as the registered agent if The Bahamas is to escape Europe's 'blacklist' this year.
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Taxi chief backs conduct code to eliminate all ‘undesirables’
The Bahamas Taxi Cab Union’s (BTCU) president has backed the proposed new “code of conduct” for drivers as a way to remove an “influx of undesirables” from the industry.
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Abaco Chamber warning on work permit breaches
Abaco's Chamber of Commerce has issued a fact sheet to the island's employers to address the "huge issue" of work permit and labour law violations.
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Central Bank's $9m HQ hit 'wasteful and absurd'
The Opposition's finance spokesman yesterday slammed the decision to cancel the Central Bank's new headquarters project as "absurd", arguing it was "an ideal project" for providing a post-COVID economic boost.
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See what ya looking at - it’s critical
Years ago, a good friend and unassuming Bahamian icon/philosopher used to opine “see what ya lookin’ at”! This simple, yet profound, pronouncement could readily find interpretations across a wide spectrum of past and present situations affecting our beloved Bahamaland today. See what ya lookin’ at. It’s critical!
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INSIGHT: Atlantis throwing its weight around over competitors
THE waters around Atlantis seem far from peaceful these days.
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Gov’t borrowing limits ‘smoke and mirrors’
The Opposition’s finance spokesman has branded the tightened restrictions on Central Bank lending to the Government as “smoke and mirrors” designed to distract attention from the IMF SDRs controversy.
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BISX-listed firm ‘resolves’ qualified audit fear woes
A BISX-listed firm last pledged it has "resolved" technology woes that forced it to seek more time to publish its 2022 financial statements and prevent a 'qualified' audit opinion for a second consecutive year.
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Gov'ts support for BPL jumps $110m
Government loans to state-owned enterprises (SOEs) and agencies near-tripled during the first nine months of the current fiscal year to enable Bahamas Power & Light (BPL) to pay off its fuel bill arrears.
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Ombudsman Bill ‘can’t pass and sit’
Governance reformers yesterday said the Attorney General's ability to restrict the powers of the proposed ombudsman is "too vague" and should be reformed as they urged Bahamians to ensure this is not a Bill that "passes and sits".
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Central Bank takes $9m hit over abandoned HQ project
The Central Bank yesterday revealed it has been forced to write-off almost $9m after the project to construct its new Royal Victoria Gardens headquarters was abandoned, with further impairment charges likely in 2023.
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Bahamas strikes 'crossroad' as work permits earn $20m in Q1
A Cabinet minister yesterday said The Bahamas is at a "crossroad" in combating work permit violations as he revealed the Government is mulling legal reforms to hold companies liable for breaches by their sub-contractors.
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North Abaco port's $60m need as RFP is readied
A Cabinet minister yesterday said the Government is "moving quickly" to put both Abaco's commercial ports out to bid amid assertions that the northern location needs a $60m upgrade to make it commercially viable.
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Six design options for GB's $200m airport
Grand Bahama will be presented with six different design options for its new $200m airport, the winning bidder has revealed, with an announcement on the expected construction start expected "very shortly".
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Taxi drivers face ‘code of conduct’
Traffic authorities are planning a shake-up of the taxi industry’s regulatory regime that will require drivers to sign-up to, and abide by, a “code of conduct” with an announcement on fare changes due as early as next week.
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Super Value president: 'Things aren't flowing'
Super Value's president says that, while profit-based taxation "would be favourable" for food retailers, the Government must first prioritise the ease of doing business because "things aren't flowing like they should".
