Wilson: Govt ‘working on’ complying with Public Procurement Act
FINANCIAL Secretary Simon Wilson could not say when the government would comply with the Public Procurement Act’s requirement to disclose contract awards but said officials are working on doing so.
Bahamas Mangrove Alliance sets goal to plant millions of mangroves by 2025
AS World Mangrove Day is celebrated today, a Bahamian alliance has announced a goal of putting “millions of mangroves in the ground” by the end of 2025.
UPDATED: PM issues statement on Department of Immigration
PRIME Minister Philip "Brave" Davis has released the following statement concerning the Department of Immigration:
Skyguard Severe Weather Alert 26th July: Nassau
STARTS: 07/26/2023 3:15 PM EDT EXPIRES: 07/26/2023 4:45 PM EDT
Insurers fear ‘hardship’ over 35% blacklist capacity threat
Bahamian insurers yesterday warned they, and thousands of businesses and homeowners, will face “tremendous economic hardship” if 35 percent of reinsurance capacity is lost by The Bahamas failing to escape Europe’s tax blacklist.
Retail savings bond in ‘final approval stages’
The Central Bank is “committed” to launching a product designed to foster a greater “savings culture” among Bahamians before year-end 2023, its governor affirmed yesterday, with approvals “in the final stages”.
Payroll errors costing taxpayers near $120m
Salary and payroll errors are costing Bahamian taxpayers around $120m per year, the Government’s top finance official disclosed yesterday, as he blamed the wastage on too many systems that are not linked to each other.
‘Quality new credit’ hard to find with $127m drop
Fidelity Bank (Bahamas) says the more than $127m collective decline in outstanding mortgage and consumer loans during 2022 shows “quality new credit” and borrowers will be tough to find despite the economy’s rebound.
So much for transparency and accountability
THE words of Margaret Mead come to mind as we sit to pen this editorial.
‘Still pushing for’ correctional facility though finance told minister to reduce the costs
NATIONAL Security Minister Wayne Munroe said his ministry is still pushing for construction to begin on a new high-medium security correctional facility by the end of the year even after finance officials told them to reduce the costs of construction plans.
Ministry of Labour & Immigration responds to questions raised by Leader of Opposition
Press Statement from the Ministry of Labour & Immigration on the Detailed Clarification on Questions Raised by the Leader of the Opposition on Immigration Matters:
Albany developer charged on ‘brazen insider trading’
The Bahamas-based billionaire who spearheaded Albany’s development was yesterday charged with orchestrating a “brazen insider trading scheme” that allegedly netted millions of dollars in illicit profits for his closest associates.
Shake Shack for guests only until 5pm
SHAKE Shack, Atlantis’ newest restaurant, will not open to non-Aquaventure guests until 5pm daily.
Coroners inquest into Evans’ death begins again
THE Coroners Court inquest into the death of Deangelo Evans began yesterday –– five years after his police-involved killing sparked a firestorm in Masons Addition, prompting hundreds to attend a vigil where they mourned his death and demanded answers.
Mitchell tells Bell not to respond on immigration
FOREIGN Affairs Minister Fred Mitchell said he told Immigration Minister Keith Bell not to respond to recent immigration controversies because it would not be beneficial to do so.
‘ERRORS’ ON PAYROLL COST GOVT $120M: ‘Some had salary paid for decades without records’
PAYROLL errors could be costing the government as much as $120m a year, Financial Secretary Simon Wilson said yesterday.
Bahamas undefeated after marathon win
Men’s national volleyball team making waves in Suriname
After a successful opener in four sets against Curacao, the Bahamas men’s team had to go the distance in their match-up yesterday against Jamaica to secure their second win at the Senior Caribbean Volleyball Championships in Paramaribo, Suriname.
Mike Sands re-elected unopposed as NACAC president
AFTER a successful initial term in office, Mike Sands has been returned as president of the North American, Central American and Caribbean for his second four-year term.
SPORTS NOTES
THE Royal Bahamas Defence Force, through its title sponsor Fidelity Bank, will hold its annual Fun Run/Walk Race on Saturday, starting at 6am from Goodman’s Bay.
