Bank ‘totally discredits’ PM’s Baha Mar optimism
Baha Mar’s financier has “totally discredited” the Prime Minster’s statements insisting that a resolution for the $3.5 billion project is imminent, the Opposition’s deputy leader is arguing.
Financial regulatory regime gains pre-inspection boost
The Bahamas’ financial services regulatory regime had largely addressed all previously-identified deficiencies just before international watchdogs subjected it to its latest anti-money laundering assessment in late 2015.
Chamber chief’s two-year target for energy ‘norm’
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday gave the ‘new BEC’s’ manager two years to lower energy costs to “a consistent norm”.
Minister calls for ‘all hands on deck’ over job outsource
A Cabinet minister yesterday warned that “all hands on deck” were required to prevent the further outsourcing of financial services jobs, with this nation needing to improve operating efficiencies and how business is conducted.
‘New BEC’s’ solar Out Island focus
The Bahamas Electricity Corporation’s (BEC) new manager yesterday promised that solar energy would be integrated into its generation solutions, with the Family Islands likely to prove especially fertile ground.
New BEC manager eyes cleaner fuel
The ‘new BEC’s’ manager yesterday reassured that its business plan has an environmental focus, with plans to use cleaner fuel sources to generate Bahamian energy.
‘Extraordinary’: Concern over $400k Sir Jack overdraft rise
The Grand Bahama Port Authority’s (GBPA) audit chief has demanded an explanation for how the overdrawn balance on the late Sir Jack Hayward’s shareholder loan account ballooned by an “extraordinary” $400,000.
‘Privacy invasion’ fear on NHI Bill
The draft National Health Insurance (NHI) Bill has been slammed for providing the Government with “sweeping invasion of privacy powers” that threaten the confidentiality of doctors’ patient records.
‘Pie in the sky’: Gov’t slammed on Freeport regulation claw back
Calls for the Government to reclaim regulatory authority over Freeport have been branded “a pie in the sky idea”, given the existing legal barriers to such a move.
PM urged: ‘Keep up pressure’ on Baha Mar’s lender
A former Baha Mar director has urged Prime Minister Perry Christie to keep the pressure up on the $3.5 billion project’s lender, as he argued: “The Government backed the wrong horse.”
AML receives 7% Xmas sales boost
AML Foods says its January sales numbers “are looking quite strong” after a Christmas season in which its top-line was up 7 per cent year-over-year.
Over $62m owed in casino taxes
Existing casino operators owed the Government nearly $11 million in outstanding taxes at the 2013-2014 fiscal year’s end, while the former Crystal Palace owner’s bill had been under-valued by more than $2 million.
Baha Mar financier confirms Bahamian creditor slippage
Baha Mar’s financier yesterday admitted Bahamians had been pushed further down the ‘creditors queue’ by the receivers’ financing requirements, as it slammed “entirely unfounded” suggestions that it was responsible for the project’s demise.
New NHI consultant is ‘last chance’ for Gov’t
Doctors believe the Government’s hiring of a world-renowned KPMG executive is the last chance to demonstrate it is serious about “meaningful consultation” over National Health Insurance (NHI), amid concerns his report will simply be ignored if the findings are unfavourable.
Bank outsourcing: Middle class on ‘unstable footing’
The continued outsourcing of financial services jobs is placing the Bahamian middle class “on a very unstable footing”, the Opposition’s labour spokesman saying yesterday: “I don’t know how we’re going to arrest this.”
