Gov’t initiates drain cleaning for downtown flooding relief
The Government is targeting several sectors of downtown Nassau for “short-term fixes” that may provide “temporary relief” from flooding that has plagued the area for decades.
The price of life
ActivTrades
Who wants to live for ever? And how long will I live? If you want to know this, you should have your telomeres examined. These are the sequences at the end of the chromosomes. And the longer the telomeres are, the longer the lifespan. For this discovery, Elizabeth Blackburn, Carol W. Greider and Jack Szostak received the Nobel Prize in Medicine in 2009.
Wynn agrees to ‘quashing’ first penthouse approvals
The developer of a 14-storey Goodman’s Bay penthouse complex has restarted its bid for planning permission after agreeing that the initial approvals granted to the project should be “quashed”.
‘Lucrative prospects’: ArawakX refutes $2.4m insolvency woes
The Bahamas’ first-ever crowd-funding platform is asserting it has “lucrative prospects” rather than a $2.4m solvency deficiency as it bids to defeat the Securities Commission’s bid to wind-up its operations.
AG brands The Bahamas’ insolvency regime ‘a joke’
The Attorney General yesterday branded The Bahamas’ corporate insolvency regime as “a joke” and pledged to reform outdated laws and regulations that continue to undermine the financial services industry’s competitiveness.
Regulator: Financial crime gaps up to 60% of licensee weakness
The Securities Commission’s top executive yesterday revealed that anti-money laundering and counter-terror financing non-compliance accounts for between 40-60 percent of licensee deficiencies.
Corporate income tax for Bahamas ‘mammoth task’
A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.
Family Island land solution growth key
Resolving land issues in the Family Islands is a key component of the National Development Plan, one of its key architects said.
Doctor’s PI expansion tied to Royal Caribbean
A Bahamian doctor yesterday revealed he aims to capitalise on Royal Caribbean's beach club by expanding to Paradise Island with his third footwear store when that project opens in 2025.
‘BISX home makes sense’ for Bahamas carbon credits
The Bahamas International Securities Exchange (BISX) is “definitely exploring” the listing and trading of the country’s blue carbon credits on its platform, its top executive asserting: “A home on BISX makes sense.”
‘Putting circle in a triangle’: Why developments fail
A Bahamian environmental consultant yesterday argued that the main non-financial reason that major development projects fail is because their principals “try to put a circle into a triangle”.
Cable partners over $5m Exuma cays connectivity
Cable Bahamas has teamed with another provider to develop a $5m sub-sea fibre network that will provide broadband Internet connectivity to hundreds of residents across 34 Exuma cays.
FNM chair blames VAT for ‘marina ghost town’
Bahamian marinas yesterday warned it was vital the country develop “a unified voice” over the imposition of VAT on yacht charter fees amid suggestions that it has resulted in several boating destinations becoming “a ghost town”.
Abaco resort eyes ‘break even’ 5% rate increase
The Bahamas Out Island Promotion Board’s president yesterday said his hotel will likely have to increase rates by “another 5 percent” in 2024 to break even with fellow hoteliers revealing that soaring light bills “are just killing us”.
Keith Roye II: Digital resistance inflicts a high cost
In a country that values privacy and security, the toll inflicted by data breaches is significant. When Bahamian companies lag behind in cyber security measures, the fear of personal data being compromised weighs heavily on the minds of both employees and customers. Trust is a precious commodity in The Bahamas, and its erosion comes at a high cost.
