Denied web shop slams 10-year bar
The only web shop operator denied a license yesterday slammed the 10-year block on new industry entrants, saying: “It makes no sense.”
PHA merger ‘no magic wand’ for health efficiency
The Government cannot simply “wave a magic wand” and hope that merging the Public Hospitals Authority (PHA) with the Department of Public Health will cure all the public healthcare system’s woes, a well-known physician said yesterday.
Minnis’s Baha Mar position ‘disgraceful’
A Cabinet Minister yesterday slammed Dr Hubert Minnis’s pledge to find a new purchaser for Baha Mar as “disgraceful”, arguing that it would disrupt employment for hundreds of Bahamians.
Flowers: Too many web shop issues ‘unresolved’
A prominent web shop operator says there are too many “outstanding issues” facing the industry that have yet to be resolved, including the permitted number of web shop locations and locations per operator, plus zoning enforcement.
Central Bank targets non-bank e-payment rules by mid-year ‘17
The Central Bank is aiming to implement initial regulations that will enable it by mid-2017 to license non-bank electronic payments solutions providers, as it bids to cause “a significant shift” from Bahamians’ reliance on cash.
Consumer chief to banks: ‘We can’t take all of this’
The Consumer Protection Commission’s chairman is openly questioning whether Bahamians benefit from foreign-owned banks, and urged this country to “get to the position where we say enough; we can’t take all of this”.
Web shop gaming moratorium ‘stinks’
The Democratic National Alliance’s (DNA) leader says the 10-year moratorium on new web shop gaming licenses “stinks”, branding it anti-competitive and accusing the Government of pandering to ‘special interests’.
AML chief’s concern on ‘awful’ Freeport economy
AML Foods is expressing concern that Freeport’s “awful” economy could drag down previously strong sales growth, its chief executive saying reports of the city’s unemployment levels were “staggering”.
$477m deficit if prior year trends matched
The FNM’s finance spokesman says Central Bank data proves the $314.4 million first half deficit cannot be blamed solely on Hurricane Matthew, as he slammed Prime Minister Perry Christie’s “reckless spending”.
Biminites: No change over RBC’s departure
Royal Bank of Canada’s (RBC) branch departure from Bimini appears to be set despite the outcry from businesses and residents, with the bank now rushing to explain the new arrangements it is putting in place for clients.
‘Shine light’ on Grand Bahama
The Government has been urged to “shine the light” on Grand Bahama and “stop pushing everything to Nassau”, a real estate broker arguing that the island is simply “not on anyone’s radar”.
Matthew gives Bahamas $300m reinsurance boost
The Bahamas Insurance Association’s (BIA) chairman has estimated that this nation will benefit from a $300 million foreign currency inflow from reinsurers as a result of Hurricane Matthew.
PHA eliminated in NHI structure
The Government is proposing to eliminate the Public Hospitals Authority (PHA) by merging it with the Department of Public Health to create a “single governance regime” for National Health Insurance (NHI).
New car dealer blow from Auto Show postpone
Bahamian new car dealers were yesterday said to have suffered a fresh blow with Mall at Marathon renovations forcing the likely postponement of the annual Car Show, as one operator likened the market to “Dodge City”.
‘Dump burns for same reason the country is broke’
The New Providence landfill inferno has again exposed the Bahamas’ poor governance, a prominent reformer yesterday saying: “The same reason the dump is burning is the same reason the country is broke.”
