Local Business

PM to meet banks over fee concerns

THE Prime Minister is to meet commercial banks on banking fees, after the issue has been in the spotlight amid rising bank fees.

Majority of businesses seek audit extensions

AN estimated three-quarters of companies with a turnover of $5m plus have requested extensions to submit their audits, according to Shunda Strachan, the Department of Inland Revenue’s acting director.

Consultation begins on 5G communications

CONSULTATION is being launched over 5G communications technology in The Bahamas.

Minister says help on way for Eleuthera electricity

ELEUTHERA is receiving support to deal with its electricity woes, according to Energy and Transport Minister JoBeth Coleby-Davis, who said islanders will soon see relief.

‘Pay up or operating licence suspended’ proposes URCA

CHANGES are being proposed to the electronic communications sector in a new consultation document released by the Utilities Regulation and Competition Authority (URCA).

Ministry unveils $43m plan to boost nation’s healthcare

The Ministry of Health and Wellness held a public forum last night to reveal its upcoming plans for significant improvements to the health sector across The Bahamas.

Power outage after lightning storm

Several areas of New Providence experienced an electrical outage yesterday due to lightning storms.

BREA president responds to criticisms over condos

THE president of the Bahamas Real Estate Association, Carla Sweeting, says that BREA has a neutral stance on homeowner association rules and restrictions, after criticisms in a letter to The Tribune.

Partnership to help teachers buy homes

The Teachers & Salaried Workers Co-Operative Credit Union Limited and The Bahamas Union of Teachers have partnered to generate $20m to provide financial opportunities to BUT members.

Lyford Cay hospital in expansion plan

Lyford Cay Hospital is applying for permission to renovate and expand its existing medical facility.

Consumers complain of long lines after bank centralises card pick-up

A BISX- listed bank has “centralised” card collections but consumers are complaining about the long lines and wait times.

'Election silence' rethink in proposals from URCA

The Utilities Regulation & Competition Authority (URCA) has proposed changes to the regulation of "election silence" as part of a series of proposals to update content regulation.