Grand Bahama water regime enacted before rate rise disclosure
Grand Bahama businesses and residents yesterday said it was "amazing" that the island's new water regulatory regime appeared to have been implemented almost two weeks before they were warned of imminent rate hikes.
Web shops ‘carried’ gaming in COVID
A senior Gaming Board official yesterday hailed web shops for "carrying the industry" during the COVID-19 pandemic as no jobs were lost from the domestic sector.
Minister: BAMSI no longer 'wasteland'
BAMSI is now thriving and fruitful again, according to Agriculture and Marine Resources Minister Clay Sweeting, who reported that it has almost made a complete turnaround.
Caribbean states moving on gaming regulatory overhaul
The gaming sector throughout the Caribbean is rapidly evolving as multiple countries seek to overhaul their regulatory regimes in a bid to gain a competitive advantage, an international testing executive said yesterday.
‘Sky’s the limit’: New auto sales soar 40%
The Bahamas Motor Dealers Association’s (BMDA) president yesterday voiced optimism that “the sky’s the limit” for the sector in 2023 after new car sales increased by “almost 40 percent” year-over-year for the first quarter.
Tackle ‘structural inefficiency’ before capping banking fees
The Bahamas will cause more problems than it solves if it seeks to “cap” bank fees without first tackling “structural inefficiencies” in the industry, the Central Bank’s governor warned yesterday.
Bahamas ‘closer to inflation peak’
The Central Bank’s governor yesterday predicted that The Bahamas is now “closer to the peak, if we have not yet seen it”, of inflationary pressures that have driven the post-COVID cost of living crisis.
Governor trims growth forecast ‘closer to 4%’
The Bahamas’ stopover visitor numbers rebounded to 97 percent of pre-COVID levels in the 2023 first quarter, the Central Bank’s governor said yesterday, while slightly trimming his full-year economic growth forecast.
NIB ordered: Pay ex-chief seven years of pensions
The National Insurance Board (NIB) has been ordered to pay a former director almost seven years’ worth of pension benefts after losing a legal battle over her due retirement entitlement.
Downtown ‘catalyst’ beats goal by $11m
The Nassau Cruise Port’s overhaul is “already serving as a catalyst” for fresh investment in downtown, its top executive has asserted, after its recent bond refinancing was oversubscribed by almost $11m to hit $145m.
Housing ‘crisis’ threatens to strangle Family Islands
The growing “crisis” sparked by a lack of affordable employee housing is threatening to impose a “stranglehold” on Family Island growth prospects, business and tourism leaders are warning.
Gov’t borrowing limits ‘smoke and mirrors’
The Opposition’s finance spokesman has branded the tightened restrictions on Central Bank lending to the Government as “smoke and mirrors” designed to distract attention from the IMF SDRs controversy.
Finlayson fears of ‘ruin’ don’t sway Appeal Court
Fears by Sir Garet ‘Tiger’ Finlayson, and his son, Mark, that they will “be potentially ruined” should a $2.743m judgment be enforced against them have failed to sway the Court of Appeal.
Roderick A. Simms: Multiple measures must be used for NIB reform
The National Insurance Board (NIB) is the government agency responsible for managing the country’s social security system. The NIB provides various social security benefits, including pensions, disability benefits, maternity benefits, funeral benefits and unemployment benefits.
DEREK SMITH: Data protection key to corporate success
The value of data in today’s commercial world has grown exponentially.
