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‘Big question mark’ on Boating Act insurance
CONCERNS were yesterday raised over whether there is sufficient local insurance capacity to meet the new Boat Registration Act requirements as one carrier deemed the sector “too risky” to cover.
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Powerade sponsors BAARK! Potcakeman Triathlon for 10th year
BAARK! (Bahamas Alliance for Animal Rights & Kindness) is scheduled to host its eleventh triathlon at Jaws Beach on Sunday, February 25.
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Central Bank: 1,250% digital asset capital not ‘excessive’
The Central Bank yesterday rejected assertions it is being “excessive” in requiring licensees to hold 12.5 times’ the amount of capital involved to back trades of non-stablecoin digital assets.
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‘Yes I have the power to be drug free’
Bahamas Lawn Tennis Association takes advantage of Bahamas National Drug Council Hobbies Fair
THE Bahamas Lawn Tennis Association (BLTA) participated in the Hobbies Fair hosted by the Bahamas National Drug Council (BNDC).
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Ministry officials concerned as road works employee hit with rock by motorist
A MOTORIST struck a traffic manager with a rock last week, injuring the man in what a top Ministry of Works official said is an example of the hazards some employees face.
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Crowdfunded real estate business still waiting one year later for Securities Commission approvals
AKERAGE Ltd, a crowdfunding business promising to revolutionize how people invest in real estate, is still awaiting relevant approvals from the Securities Commission of The Bahamas a year after announcing provisional approval from the regulator.
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Euro is gaining
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Black Friday is behind us. But the rise of online shopping has reduced the importance of Black Friday as a single day event. What originally started in the US has become a global event.
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A new dawn
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The Securities and Exchange Commission (SEC) in the US has approved exchange-traded funds (ETFs) investing in the digital currency, Bitcoin, after a long period of hesitation. In the struggle with Bitcoin proponents, including large banks and asset managers, the SEC admitted defeat and ultimately allowed Bitcoin ETFs.
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Fidelity eyes $18m profit after ‘opening the hood’
A BISX-listed bank yesterday revealed it is targeting $18m in full-year profits for 2024 after “opening the hood” to assess why last year’s projections were missed.
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Credit union’s $1m wind-up nears end
More than two-thirds of the cheques representing outstanding funds owed to hundreds of the One Eleuthera Cooperative Credit Union’s (OECCUL) members were signed over the weekend, its liquidator confirmed yesterday.
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Government aiding in excessive alcohol consumption among Bahamian alcoholics
Recently I was informed by a businessman that one of his employees died unexpectedly. Even without the benefit of an autopsy, the grieving businessman is convinced that his employee's excessive drinking played a significant part in his demise. About three years ago an individual I personally knew drowned due to his inebriation. He was also a chronic alcoholic. I know of another young Bahamian, about 41-years-old, who is always either drunk or sobering up.
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Western Warriors soccer club achieves quadruple BFA championship titles
THE Western Warriors Football (Soccer) Club celebrated an epic season of success in the 2022-2023 Bahamas Football Association leagues, receiving four 1st place trophies in last Saturday’s BFA awards ceremonies. They won titles in the boys under-15 division, under-18, men’s league and the prestigious Men’s Hummel Cup.
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WORLD VIEW: Caribbean’s role as a voice of reason in a fractured OAS
On May 31, the Organization of American States (OAS) faced a prolonged and contentious debate that lasted from 2:30 in the afternoon until well past midnight. This episode, marked by acrimony and political undercurrents, which was webcast publicly and instantly to the world, is likely to be revisited during the upcoming OAS General Assembly from June 21 to 23 in Washington, D.C., the headquarters of the OAS.
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Deltec’s terminations ‘to realign workforce’
DELTEC Bank & Trust last night confirmed it has moved “to realign its workforce” via a right-sizing which is said to have resulted in around 11 staff being terminated last week.
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Central Bank 'agrees' on $232m IMF SDR roll-over
The Central Bank has "agreed to roll over" the $232.3m IMF special drawing rights (SDR) financing it provided to the Government as part of the latter's 2023-2024 borrowing plan, it was revealed yesterday.
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WORLD VIEW: 1.5°C is upon us - are we prepared?
THE report on May 17, from the World Meteorological Organization, (WMO) that global temperatures are likely to surge to record levels in the next five years should have sent all Caribbean institutions, such as the CARICOM Secretariat, the Caribbean Development Bank, and the Caribbean Community Climate Change Centre, into overdrive to explore further ways in which the region could accelerate efforts to avert this calamity.
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WORLD VIEW: Autonomous weapons – a real and urgent danger to people
AS if small states, with limited financial and human resources to safeguard their societies, do not confront enough grave challenges, along comes the phenomenon of “autonomous weapons” – probably the most frightening technological development that has yet been created.
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WORLD VIEW: Decimation of vulnerable nations inevitable if global warming continues on present trend
JOHN Kerry, former US Secretary of State and current US Special Envoy on Climate Change matters, told the world’s Ambassadors at a meeting in Washington, on May 10, that “there is no way” of keeping the rise in global temperatures to 1.5 degrees Celsius unless CO2 emissions are drastically reduced.
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WORLD VIEW: It’s time the UN Security Council acts to stop the killing in Gaza
THE escalation of violence in Gaza by Israel has prompted a global outcry, marking a rising disgust, particularly among the young, of what is widely regarded as a hugely disproportionate response to the Hamas attack on Israel on October 7, 2023.
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Heads Up! Navigating Concussions in Soccer: Incidence, Management and Treatment
SOCCER, known as the beautiful game, has thrilled fans for generations, but the sport is not without its risks, particularly concerning concussions.
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