Gov’t beats bond buy back target at $216m
THE Government has beaten its debt buy back target by agreeing to repurchase almost $216m in Bahamian foreign currency bonds that were listed and traded on major international stock exchanges.
Nearly 2,000 to share Auto H&L compensation for interest overcharges
Almost 2,000 Bahamians will today start to receive a nearly-$1m collective payout as compensation for being over-charged interest on their loans by one of this nation’s largest used car dealers.
$1.5bn battle for sunken treasure
A furious legal battle has erupted over efforts to recover $1.5bn in sunken treasure from Bahamian waters amid accusations that all parties involved have violated this nation’s laws.
‘Extraordinary’ Business Licence fees predicted
The Ministry of Finance’s top official yesterday revealed he expects next year’s Business Licence fee revenues to be “extraordinary” following a 10 percent increase in collections this year.
Insurers: Time running out for Road Traffic Act clarity
Bahamian insurers yesterday warned they and the Government are rapidly running out of time to resolve the “confusion” and uncertainty surrounding implementation of the new Road Traffic Act reforms.
Developer: OWN EIA not used to get Approvals
An Eleuthera project’s Bahamian co-founder yesterday moved to reassure that the developer did not use its own study to obtain the necessary environmental approvals from the Government.
Abaco workers waiting for govt to pay one year later
A GROUP of government workers engaged to survey shantytown communities in Abaco are calling on government to pay outstanding monies owed them for their work.
‘Put hotels up for security in appeal’
Baha Mar’s original developer last night argued that the two Nassau hotels owned by the project’s contractor should be pledged as security for its New York appeal against his $1.642bn damages verdict.
Central Bank eyes faster payments
The Central Bank of The Bahamas revealed yesterday at BICA’s Accountants Week it is in the process of implementing a new initiative referred to as the Fast Payments System which Deputy Governor Derek Rolle said will come into action in the next few years.
Gov’t optimistic on target for deficit below $100m
The Ministry of Finance’s top official yesterday asserted that the Government is still on target to meet its 2024-2025 fiscal targets despite the near ten-fold rise in the deficit during the year’s first two months.
Central Bank fights off new cyber attack
The Central Bank yesterday said it is preparing for all possibilities after successfully fighting off a cyber attack last week.
Doctors Hospital opens PI facility
Doctors Hospital opened the doors of its Paradise Island Medical Centre (PIMC) yesterday, providing services to residents, employees and visitors.
DEIDRE BASTIAN: Reignite your passion to fix failing companies
Imagine starting a business that you built into a ‘million dollar company’ through sheer hard work but, after a few years, you notice it is failing.
CIBC unveils financing deal with electric vehicle dealer
CIBC Caribbean (Bahamas) says it has teamed with EV Motors to offer auto buyers a financing solution designed to drive faster adoption of electric vehicles (EVs) in The Bahamas.
Retailers face ‘sleepless nights’ over Amazon delivery response
Bahamian merchants are facing “sleepless nights” in a race to adapt after being “blindsided” and “side punched” by Amazon’s move to offer ‘free delivery’ to local consumers on certain purchases.
