Fidelity unveils new chief financial officer
Fidelity Bank (Bahamas) has named Jamal O. Ijeoma as its chief financial officer.
Security force insurance arrears ‘within tolerance’
Unpaid medical coverage for police officers and the other security forces is “within tolerable” limits, a Cabinet minister asserted yesterday, while denying allegations that the arrears exceed $100m.
PI resort developer spars with opponents over Atlantis lease
Developers of the first new Paradise Island resort “in many years” yesterday sparred with opponents over the wait to seal a lease deal with Atlantis for construction of a 100-space car park.
‘Sexy body’ manager stripped of $31,200
A former Atlantis restaurant manager who was fired for asking a female employee to “show him her ‘sexy body’” has been stripped of his $31,200 damages award for unfair dismissal.
FTX Bahamas ‘shoots for’ February 18 first payout
FTX’s Bahamian liquidators are “shooting for” February 18 as the date to start payouts to small creditors and victims owed less than $50,000 as a result of the crypto exchange’s fraud-driven implosion.
Claims Pike Electrical on pause denied
A Board member for the company charged with transforming New Providence’s electricity grid last night said “everything is progressing well” amid speculation one of its key partners has halted work.
Regulator promises swift action on Athol Island ‘non-compliance’
Regulators last night pledged immediate action over an Athol Island project that appears “in non-compliance” with its environmental permits as an MP blasted development of the area as “a travesty”.
Governor’s tourism hit warning over Trump’s tariff war strategy
The Central Bank’s governor yesterday warned that Donald Trump’s tariff hikes could hurt Bahamian tourism by undermining travel demand in this nation’s key source markets through higher living costs.
$2.63bn external reserves to ‘contract’ during 2025
The Central Bank’s governor yesterday said he expects the country’s $2.63bn foreign currency reserves to “contract” in 2025 due to a “stronger pace” of lending by Bahamian commercial banks.
Governor targets bank fee progress during early 2025
The Central Bank’s governor yesterday asserted progress will be made during the 2025 first half on developing low-fee bank accounts for vulnerable customers and establishing a consumer watchdog.
Miami-based developer ‘to buy Grand Lucayan’
A Miami-headquartered developer boasting $10bn in resort and real estate assets is the potential Grand Lucayan purchaser locked in negotiations with the Davis administration, Tribune Business can confirm.
Trump tariffs ‘very bad news’ for The Bahamas
Donald Trump’s decision to levy tariffs on Chinese, Canadian and Mexican imports is “definitely very bad news” for Bahamians as it will likely increase prices for multiple goods, businesses warned yesterday.
Food cost rise concerns over new safety regime
Farmers and other Bahamian food-related businesses are voicing fears they may be forced to increase prices due to the mandates of a new health and safety regulatory regime that is now being enforced.
Tax chief hoping for 80-85% compliance on Business Licence
A senior Department of Inland Revenue executive is hoping 80-85 percent of Bahamian companies met Friday’s Business Licence filing deadline so that financial penalties are kept to a minimum.
Cable warns 5G is ‘not viable’ in medium-term
Regulators will press ahead this year with plans to facilitate fifth generation (5G) mobile roll-out despite Cable Bahamas’ warning that the technology is “not commercially viable” in the medium-term.
