BOB rejects $33m ArawakX demand
The Securities Commission was yesterday accused of “callous disregard” for ArawakX’s interests by allegedly interfering with its demand for a $33m settlement from Bank of The Bahamas.
Bahamasair in pilot retirement age rise over shortage fear
Bahamasair is seeking to raise its pilot retirement age to 65 amid fears it faces an imminent shortage of experienced captains with eight passing through the ‘departure gate’ since 2022.
Bahamas natural resources in $150m yearly protection
The Bahamas requires “in excess of $150m” annually to protect its critical natural resources, it was disclosed yesterday, amid efforts to raise just one-fifth of this sum to fund ongoing conservation projects.
KEITH ROYE II: Embrace digital change to drive long-term growth
The COVID-19 pandemic was a catalyst for digital transformation, pushing companies to rethink their strategies and adapt to rapidly changing circumstances. As we transition into a post-pandemic world, it is important to reflect on the lessons learned and explore the future direction of digital transformation.
Arawak port targets 40% energy slash
Nassau’s main commercial shipping port is aiming to slash energy costs by between 30-40 percent through its solar energy expansion with key financial indicators already beating 2024 full-year forecasts.
BPL too often ‘holding the bag’ for developers
Bahamas Power & Light (BPL) is seeking a more “equitable” contribution from developers that need it to provide additional generation capacity for their projects, its chief executive revealed yesterday.
Bahamas ‘unable to grasp’ liberalised trade sacrifices
The Bahamas has not “been able to grasp” the sacrifices and reforms that are required by trade liberalisation, the head of this nation’s trade commission argued yesterday.
Bahamas in up to $60bn boost via carbon credits
The Bahamas could build a fund worth up to $60bn by 2050 to finance environmental and climate change protection if it maximises its blue carbon credits, a financial analyst predicted yesterday.
FTX Bahamas signals fresh Ray ‘progress’
FTX Bahamas’ liquidators and their US adversary yesterday suspended all scheduled legal filings as they bid to resolve their dispute outside the courtroom.
‘Big step forward’: $80m Bimini airport overhaul
The Prime Minister has hailed the upcoming $80m investment in Bimini’s airport by a private consortium as “a big step forward” in boosting both tourism plus entrepreneurial and job opportunities.
Balmoral residents target earlier threat to ‘integrity’
Balmoral residents have moved to overturn approvals granted for an earlier four-storey condo hotel proposal, which “threatens the integrity of the community”, due to non-compliance with legal processes.
‘UP WAGE TO $350 - OR RISK STRIKES’: Unions agree to take vote as the call for minimum pay raise
A labour leader yesterday called for a further minimum wage hike to $350 per week by June 2024 as he revealed that multiple trade unions have agreed to each “take a strike vote”.
University of Bahamas teams over FinTech course’s launch
The University of The Bahamas (UoB) says it has launched a 12-week course to educate locals on the technologies and digital assets driving financial services industry change.
‘Bit much’ to only blame Bahamas over FTX fail
The Securities Commission’s top executive yesterday said it was a “bit much” for The Bahamas to take all the blame over the FTX crypto currency exchange’s collapse.
Insurance regulator in blacklist ‘what if’ look
The Insurance Commission was yesterday said to be looking at “what if” scenarios to ensure insurers have access to sufficient reinsurance capacity if The Bahamas stays on Europe’s tax blacklist.
