Regulator warns Bahamians on ‘relationship’ fraud scams
The Securities Commission yesterday revealed it is participating in a five-day global campaign as part of a drive to better protect Bahamians from falling victim to so-called ‘relationship’ or ‘romance’ fraud scams.
$100m roadworks funding via ‘receivables factoring’
A $100m loan that will enable a Bahamian contractor to complete 200 miles of roadworks on Exuma and Eleuthera has been structured as an “accounts receivables factoring” arrangement, it was revealed yesterday.
Resolving Perpall Tract floods set to cost $5.7m
A $5.7m investment is needed to solve flooding and poor drainage in the 350-acre Perpall Tract and east Grove area of northern New Providence, an engineering study is estimating, with the planned new hospital not adding to these woes.
Frustrated Mayaguana residents promised Gov’t pay ‘next week’
The Progressive Liberal Party’s (PLP) newly-confirmed election candidate yesterday promised frustrated Mayaguana residents that long-delayed payments from the Government will be made next week.
‘Last shot’ for regulating construction profession
The Bahamian Contractors Association’s (BCA) president yesterday said the launch of a public petition is the industry’s “last shot” to persuade the Government to initiate regulatory oversight of the construction industry prior to the upcoming general election.
More students fall victim to child porn, sex scams
THE Royal Bahamas Police Force (RBPF) is increasingly dealing with cases where high school children fall victim to child pornography and sex-related scams, it was revealed at the Safer Internet Day Forum hosted by the Bahamas Telecommunications Company (BTC).
RM Bailey Park vendors voicing faith in security after Xmas theft
THE RM Bailey Park Association president is not concerned about the threat of crime this Valentine’s Day season as there will be fewer vendors on the park thus providing greater access and visibility for security.
‘No cause for panic’ over 27% points off-peak credit
Bahamian bankers yesterday asserted that the 27 percentage point decline in private sector credit, as a proportion of national GDP, over the past 15 years is “no cause for panic” or “solely a sign of weakness” but demands a renewed focus on economic fundamentals.
Minnis: I’d never agree to China hospital loan terms
Dr Hubert Minnis is asserting he would never have agreed to any government borrowing being governed by a foreign lender’s own laws as the Davis administration has over the second New Providence hospital’s $195m financing.
‘Stop governing in dark’ on PPPs, MP demands
The Opposition’s finance spokesman yesterday renewed demands for the Government to “stop governing in the dark” while arguing that the International Monetary Fund (IMF) had further backed concerns over public-private partnership (PPP) agreements.
Pricing comparison app to aid cost of living fight
A government policy advisor yesterday branded The Bahamas as one of the world’s ten most expensive countries to live in as it unveiled an app to enable consumers to compare prices at different merchants.
Fight against corruption is deeper than Bahamas’ transparency score
As The Bahamas awaits today’s release of the 2026 Transparency International Corruption Perceptions Index, there is a familiar sense of anticipation
Bridal chief: Bahamas in top 10 romance locations
The Bahamas Bridal Association’s (BBA) president yesterday said the jurisdiction remains among the world’s top ten destinations for celebrating romantic milestones with Valentine’s Day just hours away.
IMF: Make all 23,000 civil servants pay for retirement
The International Monetary Fund (IMF) is urging the Government to mandate that all 23,000-plus civil servants contribute to funding their own retirement so as to protect taxpayers from further growth in the $2bn-plus “unfunded” public service pension liabilities.
US Ambassador: Drop China deal
THE US ambassador to The Bahamas yesterday argued that the terms of the $195m Chinese financing for New Providence’s second hospital are not “in the best interests” of this nation and pledged that the Trump administration will “help secure a better deal”.
