DEREK SMITH: How social responsibility is affecting financial institutions
In recent years, environmental, social and governance (ESG) factors have become increasingly important for financial institutions. The ESG approach goes beyond traditional financial metrics, instead focusing on sustainability, responsible investment and ethical practices. This article aims to explore two negative, and two positive, aspects of ESG and how it can impact financial institutions.
DEIDRE BASTIAN: Embrace competition rather than fighting it
Competition is inevitable in the business world. It is not a necessary evil but, rather, an important part of the commercial ecosystem. Competition can be an effective tool for growing and improving your business. The presence of competition means that customers have the option to choose either your business or a rival.
Bahamians ‘on notice’ over credit delinquency
A Central Bank official has placed Bahamians "on notice" that they will no longer be able to "conceal" existing loan facilities or debt delinquencies when applying to lenders for new credit.
New healthcare facilities announced by the PM
Prime Minister Philip Davis announced yesterday new healthcare facilities for New Providence and Grand Bahama.
More funds for BAMSI and farmers markets
Prime Minister Philip Davis announced the government will maintain capital expenditure in agriculture.
“What does decisive action mean?”
The Grand Bahama Chamber of Commerce's president yesterday said he wants more information on what the Prime Minister means on “decisive action” on the Grand Bahama Port Authority (GBPA).
Pintard differs with PM on GBPA
The Prime Minister and Leader of the Opposition share very different views on the future of the Grand Bahama Port Authority (GBPA) and how its engagement with the community on Grand Bahama should continue.
Pintard criticises ease of doing business
The Leader of the Opposition said the government has not improved the ease of doing business and said it is “quite the opposite".
Boating industry watches for VAT yacht charter ease
A former Association of Bahamas Marinas (ABM) president says the industry is "eagerly" waiting to see if the VAT on yacht charters is adjusted in today's Budget as he blamed its imposition for a 20 percent gross revenue fall at his business.
Corporate tax paper 'setting foundation' to broaden base
A prominent banker yesterday asserted it was no accident that the Government released its corporate income tax 'green paper' just days before the Budget, adding: "It needs to increase its revenue base."
Forecast 78% deficit slash 'significant ask'
Achieving current projections of a 78 percent year-over-year cut in the Government's fiscal deficit will be "a significant ask" based on existing trends, a governance reformer warned ahead of today's 2023-2024 Budget.
Businesses awaiting Budget with 'anxiety'
Bahamian business owners yesterday admitted to feeling "some anxiety" over today's Budget as the Davis administration was urged to prioritise ease of doing business reforms to generate faster economic growth.
FTX chief’s fate lies in Bahamas’ hands
THE FATE of embattled FTX chief, Sam Bankman-Fried, rests in The Bahamas’ hands in determining how many criminal charges he will ultimately face over the crypto exchange’s multi-billion dollar implosion, it was revealed yesterday.
Port Authority wrangling 'not needed' by Freeport
The Grand Bahama Chamber of Commerce's president yesterday said the recent political back and forth over the Grand Bahama Port Authority's (GBPA) ownership and future is not helping Freeport.
Half of Royal Caribbean's PI investment on site clean-up
A senior Royal Caribbean executive yesterday disclosed around half the investment in its Paradise Island project will be spent on cleaning and restoring much of the 17-acre prior to construction starting.
