Insurers: ‘Everyone will pay’ if storm cover unaffordable
Bahamian insurers yesterday warned that “everyone will have to pay” if hurricane coverage becomes increasingly unaffordable with the issue representing a growing public policy “dilemma” for the Government.
Grocers chief: Food prices to remain high
FOOD prices will remain high in the short to medium-term, the Retail Grocers Association’s (RGA) president warned yesterday, amid little sign that inflationary pressures are easing.
Entrepreneur hopes cruise giant’s PI ‘invasion’ ending
A Bahamian entrepreneur has voiced renewed optimism that Royal Caribbean may be halting its “invasion” of his leased Crown Land after it purportedly submitted a revised proposal for its $110m Paradise Island project.
Marinas: Online portal closure is ‘step back’
The Association of Bahamas Marinas (ABM) president says the industry has “taken a step back” through the closure of its online clearance portal with charter demand for this nation down 30 percent compared to the Caribbean.
Insurer warnings over 15-20% premium hike
Bahamian households and businesses were yesterday warned insurance premiums could increase “across the board” by 15-20 percent this year as underwriters pull back from covering waterfront and Family Island risks.
DEREK SMITH: A firm’s greatest assets can also be major risk
People can be a company’s most valuable asset if well-managed, but also represent a significant risk. Defending, equipping and motivating this critical asset requires human resources (HR) and risk management to break down silos and collaborate. To address the inherent risk posed by human capital, a human resources/ employee risk assessment must be considered.
Water Corp’s $84m taxpayer subsidy three times’ budget
TAXPAYER subsidies to the Water & Sewerage Corporation in 2022 hit $84m, more than three times the sum budgeted, as the state-owned utility seeks to develop a plan that makes it financially viable.
2022 mixed for Out Island resort targets
FAMILY Island resorts experienced a mixed 2022 in terms of hitting their collective targets as they closed in on a return to pre-COVID business volumes, a top tourism official has confirmed.
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Bahamas aviation fee defence ‘a red herring’
US airlines yesterday slammed the Government’s “red herring” defence of an air navigation system that allegedly costs just 1 percent of the fees charged by The Bahamas.
FTX: False statements were made to ‘diminish’ Bahamas
A former FTX senior attorney yesterday alleged that “false statements” were made in legal filings to “diminish” The Bahamas after the crypto exchange was advised this nation should be the main venue for its liquidation.
Downtown revival strategy ‘fell short’
Plans to revive downtown Nassau “fell short” because not enough focus was placed on the redevelopment of waterfront properties by their owners, Nassau Cruise Port’s chief executive admitted yesterday.
More ‘teeth’ required to halt copyright stealing
A cultural economy advocate yesterday demanded a copyright law with more “teeth” as she urged Bahamians to stop stealing the creative works and intellectual property of others.
Regulation woes dismissed as ‘nothing further from the truth’
A Bahamian attorney yesterday hit back against assertions that the country’s financial services sector is poorly regulated following FTX’s implosion, arguing: “Nothing could be further from the truth.”
IAN FERGUSON: Making sure the price is right
Pricing your goods and services should never be a wild guessing game. When you are reasonably new to business, though, it can feel like a loaded task. There are any number of factors to take into account, such as how much you are spending on supplies, how much your time is worth, and more. Your pricing structure will also ultimately set the tone for your small business.
