Abaco farm eyes resort expansion
AN ABACO farm yesterday unveiled ambitions to develop a full-scale resort attraction within the next five months as it seeks to exploit growing worldwide interest in eco-tourism and agro-tourism.
DPM: Bahamas poised for ‘accelerated tourism growth’
THE deputy prime minister yesterday said “all signs indicate The Bahamas is about to enter a period of accelerated growth” in tourism with some $2bn worth of investment projects “in the pipeline”.
Fidelity ready to ‘put money behind’ bad mortgage cure
Fidelity Bank (Bahamas) stands ready to "put money behind" a properly structured investment vehicle that could cure this nation's housing and distressed mortgage woes, its top executive said yesterday.
Ex-top Gaming Board official in $42,000 wrongful dismissal
The Gaming Board's former top official has been awarded $42,404 after the Supreme Court found he was wrongfully dismissed by the regulator.
Civil service wages to grow $77m in 3 years
The Government's civil service wage bill is forecast to grow by $77.2m or 9 percent over the three years to 2026-2027, it was revealed yesterday, with the Davis administration's industrial deals already adding $18m to the annual cost.
'No stone left unturned' on Gov't accountability
The Opposition's leader yesterday pledged to "leave no stone unturned" in holding the Government accountable while asserting that the Public Accounts Committee is now "rolling" into action.
Govt's $50m loan recovery via BPL fuel charge hikes
The Government is seeking to recover $50m in advances made to Bahamas Power & Light (BPL) via fuel charge hikes of up to 163 percent that will be imposed on households and businesses in 2023, it emerged yesterday.
Unified bus dispatch centre close to ready
THE dispatch centre that will play a key role in efforts to unify New Providence’s jitney system is expected to be unveiled within the next month, it was confirmed yesterday.
Credit bureau database has 50% of population
THE Bahamas’ first-ever credit bureau yesterday estimated it now has half the country’s population in its database with all commercial banks and credit unions supplying it with their clients’ files.
Union unveils multiple grievances with BPL
UNION leaders yesterday unveiled multiple grievances with Bahamas Power & Light (BPL) relating to the processing of union dues, pension and medical benefits, and the re-engagement of retirees.
‘Scary’ food hikes starting to stabilise
Bahamians “finally have some hope” that food price inflation is easing, Super Value’s president says, while admitting that the past two years have been “scary” for both retailers and consumers.
Decades-old systems hit fiscal reporting deadlines
The Government’s fiscal transparency drive has burdened decades-old accounting and payroll systems with legally-mandated reporting deadlines they are not equipped to meet, a top official is asserting.
‘Egregious conduct’: Ex-PLP MP faces law profession axe
A former PLP MP and Senator faces being disbarred from the Bahamian legal profession over “the most serious and egregious” conduct related to client monies that were to pay $116,300 in due taxes.
‘Every 100 migrants cost taxpayers $500k’
The Ministry of Finance’s top official has voiced fears that the migration crisis could “throw our Budget off completely” with taxpayers incurring an additional $500,000 in costs for every 100 new arrivals reaching Bahamian shores.
DEREK SMITH: Make best strategic use of your Board’s directors
CORPORATE governance has been transformed over the past century from an ‘old boys clubhouse’ to a strategic asset focused on preparing a company to withstand future volatility in markets, human capital, competition, money laundering, cyber crimes and other factors. According to Forbes contributor Betsy Atkins: “When we look back five years from now, governance 4.0, the era of future-proofing, will seem the obvious thing we should have embraced sooner.”
