Serenity rezoning eyes middle class home ownership boost
The developer of a major western New Providence community says rezoning all its 464 phase two lots to multi-family will help ease the housing shortage and make middle class home ownership more affordable.
‘No man left behind’ with basic account
The Clearing Banks Association’s chairman yesterday explained the ‘basic bank account’ proposal is designed “to ensure no man is left behind” through reforms enacted in a “non-dictatorial” manner.
Top court reinstates $2m freeze in King Case
The Bahamian judicial system’s highest court yesterday refroze some $2m alleged to be the proceeds of a fraud involving flamboyant “philanthropist” Rudolph Kermit King.
SBF’s ex using Deltec ‘exposure’ to avoid jail
Sam Bankman-Fried’s ex-girlfriend is using testimony that she fully exposed a Bahamian bank’s alleged involvement in FTX’s collapse as a key element in today’s bid to escape a jail sentence.
Ex-pilots union chief loses Bahamasair fight ‘in entirety’
A former pilots’ union president has seen his retirement age-related employment dispute with Bahamasair dismissed “in its entirety” by the Supreme Court.
Gov’t savings bond launches with $5m
The Central Bank will launch its drive to boost Bahamian savings and investments by making a total $5m in government savings bonds available to the public this November.
IDB report: 86% of personal water supplies contaminated
Testing by the Water & Sewerage Corporation has found that 86 percent of New Providence private wells are contaminated by bacteria and present a potential health hazard, it has been revealed.
FNM chair calls taxing private wells ‘absurd’
The Free National Movement’s (FNM) chairman yesterday branded the concept of taxing private well owners as “absurd” as the Prime Minister ruled out any such move or raising water tariffs for Bahamians.
Taxi ‘price gouge’ fear over gas margin rise
The Bahamas Taxi Cab Union’s (BTCU) president is voicing fears that the imminent margin increases granted to petroleum retailers may force some drivers to “price gouge” once again.
‘Married women’ law reform call over FamGuard dispute
The Acting Chief Justice is urging Parliament to “do everything in its power” to reform a 140 year-old law designed to protect married women and “cure” uncertainties that could spark increasing legal disputes.
Water Corp margins slide 138% to -$31m
The Water & Sewerage Corporation sucked up $55m in Bahamian taxpayer subsidies in 2022 to help cover a -$31m negative operating margin that had more than doubled over a 12-year period.
Union chief: Gov’t ‘gone rogue’ over civil service retiree hiring
The Bahamas Public Services Union’s (BPSU) president last night asserted the Government has “gone rogue” over rehiring civil service retirees as he hit back at concerns of a ‘hollow middle’.
‘Urgent alert’ for NIB on widening benefits gap
The widening gap between benefit payouts and contribution income is an “urgent alert” for National Insurance Board (NIB) reform, a multilateral lender is warning, as it urges cuts in administrative costs.
PM: Safeguard $150m flats fishing over climate change
The Prime Minister has urged lodges, resorts and other industry operators to invest in renewable energy and sustainable equipment to help protect the $150m flats fishing industry against climate change.
Digital banking drive holds week-long event
Bahamian financial services providers have teamed with the Central Bank for a week-long drive aimed at improving consumer confidence and understanding when it comes to digital banking.
