SUPERGREEN SOLUTIONS: The right atmosphere for water generation
We all know how important water is to our everyday lives. Even more important to our overall health and wellness is clean drinking water.
Misguided to compare GB Power with BEC
The Opposition’s deputy leader yesterday said protesters were comparing “apples with oranges” in arguing that Grand Bahama Power Company’s tariffs should at least match BEC’s, adding that the former’s newly-approved rate structure “strikes a relatively decent balance”.
Gov’t challenged on 30% health insurance cover
The Government’s assertion that just 30 per cent of Bahamians are covered by private health insurance was yesterday challenged using data from another government agency, which pegged the ‘insured’ level at closer to 50 per cent.
Scotia: Bahamas ‘skews’ bad Caribbean mortgages
Scotiabank’s regional chief yesterday revealed that its non-performing Bahamian mortgages were nine percentage points higher than the Caribbean average, which would be cut to just 8 per cent if this nation’s data was excluded.
Scotiabank reverses business volume trend
Scotiabank’s regional head yesterday said the increased business volumes its Bahamas operation is now enjoying suggest that last year’s downsizing exercise is already bearing fruit.
Gov’t told: Don’t treat doctors as the ‘devils’
A well-known physician yesterday suggested Saturday’s National Health Insurance (NHI) meeting involved a change of style rather than substance, as he urged the Government not to treat doctors as “devils”.
‘Confident’ of $675m bad mortgage solution
Scotiabank’s Caribbean chief yesterday said he was “confident” that the Bahamas would be able to solve its $675 million ‘bad mortgage’, crisis, suggesting that “execution” of a solution acceptable to all sides was the key.
Bahamian banks in correspondent hit
Bahamian financial institutions are facing “heightened due diligence” from their correspondent banks, with some revealing this has negatively impacted their operations in areas such as remittance services.
VAT refund woe hits Xmas retail inventory
Bahamian retailers were unable to buy their preferred Christmas inventory due to Value-Added Tax (VAT) refund delays, with the issue threatening to undermine private sector “trust in the integrity” of the new regime.
RoyalFidelity equity fund investors see near-20% returns
RoyalFidelity Merchant Bank & Trust’s mutual fund family has enjoyed its “third straight year of positive returns” following their 2012 restructuring, with its equities fund generating near-20 per cent for investors.
AML chief fears Bahamas talking itself into decline
AML Foods chief executive fears the Bahamas could talk itself into a self-fulfilling economic downturn, warning: “If we keep talking negativity, negativity is what we will get.”
McKinsey wrong on Freeport tax monies, Business Licence fee
The McKinsey report on Freeport’s economic future is flawed in its assessment of the city’s tax contribution and potential Business Licence fee earnings, an outspoken QC believes.
Bahamas told: ‘Dig a well before you become thirsty’
A world-renowned equity investor has urged the Bahamas to “think differently” and position itself now for future growth opportunities, rather than become mired in “survival” mode.
Judicial ‘buy in’ key to Bahamas arbitration hope
‘Buy-in’ by the Bahamian judiciary will be critical to the Bahamas successfully establishing itself as an international arbitration and dispute resolution centre, the Minister of Financial Services believes.
Veteran diplomat: Bahamas must get arbitration promotion correct
A veteran diplomat believes there are no obstacles to the Bahamas establishing itself as an international arbitration hub provided it properly promotes itself to the global alternative dispute resolution (ADR) community.
