Just 10-15% of Bahamian fraud cases prosecuted
A Bahamian fraud investigator yesterday said just 10-15 percent of such cases are subjected to extensive probes and prosecution in this nation due to corporate victims fearing their reputations will be damaged.
PM meet’s ‘way to defuse’ VAT health claims dispute
The Prime Minister’s Business Round Table with senior corporate executives may have created a pathway for “defusing” the row over the VAT treatment of health insurance claims, one attendee said last night.
Trade deficit jumps 10% as imports exceed $1bn
The Bahamas’ trade deficit increased by $82.37m or 10.3 percent year-over-year for the 2022 third quarter as goods imports spiked to over $1bn for the period, it was revealed yesterday.
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.
