Parliament blunder on BPL regulatory ‘void’
Regulators are scrambling to fill a “void” created by Parliament in electricity sector supervision which has potentially left Bahamians at the mercy of appliance-destroying voltage and frequency fluctuations without recourse.
Moody’s backs trimmed 3% Bahamas growth projection
Moody’s yesterday backed forecasts of lower 3 percent economic growth for The Bahamas in 2023 as it noted the Government’s multi-billion refinancing plan almost totally depends on loans and guarantees from multilateral lenders.
URCA in crackdown over communications outages
Regulators last night voiced their displeasure with inconsistent and delayed reporting of network outages by Bahamian communications providers as they moved to better protect consumers from such disruption.
GB airport operator working on ‘timeline’
A senior official with Grand Bahama International Airport’s prospective operating partner last night said it is “working very closely” with the Government to make its $200m transformation a reality.
Residents ‘adamantly’ oppose resort’s West Bay expansion
Residents in two western New Providence communities are “adamant” a hotel should not be given permission to re-zone a West Bay Street property as “commercial” so it can develop a grocery store, cafe and other amenities.
ArawakX blames BOB ‘mislabel’ for fund commingling allegation
The Bahamas’ first-ever crowdfunding platform is alleging that the “mislabeling” of its accounts by a BISX-listed bank created the “prejudicial impression” that it was commingling investor/client funds with its own.
ArawakX: Our ‘$70m pipeline’ is neglected
ArawakX’s chairman is asserting that regulators are placing too much emphasis on “accounting law” and ignoring “pipeline” business that could be worth up to $7m in fee income for the platform.
Bahamas can’t pay $4bn costs for climate change
The Bahamas cannot afford the $4bn required to meet its pledged climate change targets without international financial, technology and other “capacity-building” support, it has admitted.
Gov’t must strike balance for private sector’s growth
Economic prosperity is a multi-faceted concept that does not solely rely on market forces. Instead, it is a synergy between various elements, and at the heart of this synergy lies the Government. While governments are often associated with regulation and bureaucracy, their impact on economic growth goes far beyond. In this segment, we will explore how governments play a crucial role in facilitating economic growth and improving the overall well-being of their citizens.
Chamber chief calls for ‘business-friendly’ policy
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday urged the Government to unveil more “business friendly” policies and legislation when Parliament reconvenes this Wednesday.
Bahamas faced with losing ‘material amount’ of funds
The Attorney General has warned that The Bahamas is threatened with losing “a material amount” of its investment funds due to likely tax reforms in Brazil.
BDB’s funding ‘drought’ end with $30m recapitalisation
The Bahamas Development Bank’s (BDB) near two-decade funding “drought” will end through a $30m recapitalisation from the Africa Export-Import Bank.
Downtown valet parking seeking permanent spot
The valet parking service implemented for downtown Nassau is aiming to become a permanent feature this Christmas as demand for its service grows.
Sebas e-commerce platform launches courier services
The e-commerce provider owned by Sebas Bastian and his partners has confirmed its expansion into freight forwarding services via a sales tax-free US address.
DEREK SMITH: How to combat threats to corporate reputation
One of the most significant threats to a company’s long-term viability is reputation risk. This is often referred to as the risk stemming from negative public perceptions. The consequences of a tarnished reputation can be severe and lasting, regardless of how well a company performs in other risk management areas.
