AG says Gov’t to develop ‘comprehensive’ AI policy
Attorney General Ryan Pinder has announced the government is developing a comprehensive national policy on artificial intelligence, with a focus on managing both the opportunities and risks of AI in the financial services sector.
British Colonial seeks supplier ‘flexibility’ on prices, payments
The British Colonial has asked vendors to provide it with “temporary” pricing discounts and extended repayment terms due to September and October occupancies falling “significantly below forecast”.
‘Mixed emotions’ for workers on likely sale of Morton Salt
Morton Salt’s 100-plus Bahamian employees were yesterday said to have “mixed emotions” over the operation’s potential purchase by a Grand Bahama-based energy and natural resources group.
Storm no ‘game changer’ as insurers forecast $4m claims
A Bahamian insurer yesterday predicted the industry is unlikely to receive more than $4m in combined claims from property owners who suffered damage in last Friday’s eastern New Providence storm.
Water Corp collects samples on Eleuthera ‘odour’ concern
The Water and Sewerage Corporation (WSC) has collected test samples after several Eleuthera residents complained of a “foul odour” that smelt like diesel in water supplied by the utility.
Pay cheque living drives high power bill ‘struggle’
Many Bahamians “really struggle” to cope with soaring electricity bills simply because they are “living from pay cheque to pay cheque”, Grand Bahama’s Chamber of Commerce chief said yesterday.
GB airport and Grand Lucayan must take off ‘simultaneously’
Grand Bahama’s Chamber of Commerce president yesterday likened the Grand Lucayan and the island’s airport to “two rings on the same bird” that need to take-off and fly “simultaneously”.
New hospital costs 27% more than PMH’s due to equipment
Construction costs for the second New Providence hospital are 27.5 percent higher than those for the Minnis administration’s aborted PMH expansion because the latter did not include medical equipment.
Owner calls Bimini resort a ‘financial failure’
Resorts World Bimini’s majority owner has slammed the property as a “financial failure” and labelled it as the “poorest performing resort investment” in its worldwide hospitality empire.
Minister: Caribbean must ‘lean’ more on each other
A Cabinet minister yesterday called for greater regional unity, and for Caribbean states to “lean” more on each other rather than relying solely on the US all the time.
Exuma operators voice hope over Sandals’ Beaches move
Exuma taxi and water sports operators yesterday said they are hoping for increased business after it was revealed that the rebrand of Sandals Emerald Bay into a Beaches resort will begin shortly.
Minister awaits meeting to resolve union’s angst
The Labour minister yesterday said she is awaiting a response from the Bahamas Customs, Immigration and Allied Workers Union (BCIAWU) for a meeting to address its concerns.
Doctor hails VAT slash on medicines, supplies
A well-known doctor has hailed the Government’s decision to slash the VAT rate by 50 percent for medicines and medical supplies as “a step in the right direction” to making healthcare more affordable.
CIBC touts $1.5bn in infrastructure funding
CIBC Caribbean executives said the bank has arranged more than $1.5bn in transactions to aid infrastructure and private sector projects throughout the Caribbean in the past year.
Gov't seeking new GB airport funding sources
The deputy prime minister yesterday asserted it is "regrettable" that funding for Grand Bahama International Airport's redevelopment has yet to be secured as the Government seeks new financing sources.
