Payment fraud up eight-fold at $21m
Payment fraud increased in value almost eight-fold to $21.2m in 2022 with debit cards accounting for four out of every five reported cases, it was revealed yesterday.
Central Bank exceeded Govt lending limits at year-end '22
The Central Bank would have massively exceeded its legal lending limits to the Government had the latter's accessing of $232.3m in IMF special drawing rights (SDRs) been included in the 2022 year-end calculation.
Central Bank takes $9m hit over abandoned HQ project
The Central Bank yesterday revealed it has been forced to write-off almost $9m after the project to construct its new Royal Victoria Gardens headquarters was abandoned, with further impairment charges likely in 2023.
FML chief makes call for renewables switch
A web shop principal yesterday argued that The Bahamas must do more to capitalise on its renewable energy sources as companies brace for up to 163 percent increases in Bahamas Power & Light's (BPL) fuel charge this summer.
Abaco Chamber warning on work permit breaches
Abaco's Chamber of Commerce has issued a fact sheet to the island's employers to address the "huge issue" of work permit and labour law violations.
Crackdown on tax cheats 'most co-ordinated' ever
The Government is launching its "most co-ordinated effort" ever to crackdown on tax cheats with its success in collecting hundreds of millions in outstanding revenue critical to avoiding "increased tax rates".
Ombudsman Bill ‘can’t pass and sit’
Governance reformers yesterday said the Attorney General's ability to restrict the powers of the proposed ombudsman is "too vague" and should be reformed as they urged Bahamians to ensure this is not a Bill that "passes and sits".
FTX Bahamas charges US broke 'every single' pledge
FTX's Bahamian liquidators have accused their US adversaries of "breaching every single" co-operation pledge in just four short months as they urged the Supreme Court to "sort it out" with Delaware.
Gov'ts support for BPL jumps $110m
Government loans to state-owned enterprises (SOEs) and agencies near-tripled during the first nine months of the current fiscal year to enable Bahamas Power & Light (BPL) to pay off its fuel bill arrears.
Roderick A. Simms: Public service reform key to a sustainable Bahamas
The history of the public service in The Bahamas can be traced back to the late 19th century when the islands were a British colony.
Fiscal year finish is ‘critical platform’ for 78% deficit cut
The Ministry of Finance's top official yesterday said the Government's financial performance over the next two months is "critical" to setting the foundation for a 2023-2024 fiscal year in which the deficit is forecast to be cut by 78 percent.
Crowdfund platform set to address pledge difference
The ArawakX crowdfunding platform is upgrading its website to address the difference between what is pledged by investors and the actual amount a company raises from an offering.
Promotion Board in 67% website visitor increase
The Nassau Paradise Island Promotion Board's (NPIPB) chief executive says there has been a 67 percent year-over-year jump in visitor traffic to its website as it works to convert this increase into actual visitors.
DEREK SMITH: ‘Peace of mind’ on data security
Individuals, companies and governments alike are increasingly concerned about data security and privacy as the digital landscape continues to expand.
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The US federal government's debt ceiling has been reached and the clock is once again ticking. A default is imminent. International Monetary Fund (IMF) spokeswoman, Julie Kozack, fears "very serious" consequences for the global economy. The stock market is already getting nervous. The markets were down for the last two trading days of the week.
