'More productive Bahamas' if we get legal reforms right
Governance reformers yesterday argued that the Government's planned upgrades to anti-corruption, procurement and fiscal laws will set "a path to a more productive and sustainable Bahamas if we get it right".
Just two diseases cost taxpayer $35m
Just two diseases consume more than one out of every six dollars in the Government’s annual health budget, it was revealed yesterday, with its public clinics facing an “extraordinary requirement for improvement”.
COVID-19 controls ‘saved’ $900m external reserves
The Bahamas’ capital controls saved “around” $900m in external reserves at COVID’s peak, an economic researcher has estimated, while also helping to lower the Government’s annual interest burden by 2.5 percent of GDP.
Bahamas must decide if ‘to hell with’ the EU
The Bahamas must soon decide whether to tell the European Union (EU) “to hell with it” and refuse to be cowed by its repeated ‘blacklisting’ threats, an ex-Democratic National Alliance (DNA) leader argued yesterday.
Homeowners: Treasure Cay value down by half
Homeowners yesterday asserted that Abaco’s Treasure Cay resort has lost at least close to half its value since it was first placed on the market for sale at around $57m one decade ago.
Ex-Central Bank guard loses $18k firing award
A former Central Bank security guard has seen his $18,529 unfair dismissal award overturned by the Court of Appeal which found he failed to act with “the utmost probity” over a vehicle purchase.
Lucayan chairman tight lipped on $5m deposit
The Grand Lucayan’s chairman is “moving on to November 15”, the targeted closing date for the hotel’s $100m sale, although he was tight-lipped on whether a binding sales contract has been signed and a deposit paid.
Digital asset ‘disruptors’ to shrug off EU blacklist
A Bahamian accountant is voicing optimism that this country’s latest threatened blacklisting by the European Union (EU) will have “minimal” impact on its ambitions to become a global digital assets and crypto hub.
‘Disastrous consequences’ on water lens development
A prominent attorney and conservationist is warning that New Providence residents will face “disastrous consequences” if the Government continues to permit development that impacts the islands’ fresh water lenses.
PM TOLD EU THREE TIMES: WE’LL RESOLVE CONCERNS – Accusations Gov’t ‘dropped ball’ on new blacklisting
The Prime Minister signed three letters promising the European Union (EU) that The Bahamas would address - within the required deadline - the very concerns that have resulted in the country’s imminent ‘blacklisting’.
DEREK SMITH: How information and cyber security team
Over the past five years, the increase in data breaches, ransomware, legislation and third-party requirements have compelled companies to recognise the importance of comprehensive information security (infosec) and cyber security strategies.
Jitney drivers 'disappointed' over gas price relief wait
Jitney drivers yesterday said they were "disappointed" that the relief package promised by the Government in July to help combat high gas prices has yet to materialise.
Dollar on the rise
ActivTrades
What a stock market week. The euro reached a new 20-year low on Friday, while the yield on the ten-year Bund tested the 2 percent mark for the first time in nine years. The euro’s exchange rate fell to $0.97, while the yield on ten-year Bunds caught on around 1.95 percent after rising to 2.01 percent at the start of trading.
Investors ‘get wise’: RF funds up $60m
A Bahamian investment bank yesterday said total assets under management in its local currency mutual funds have increased by $60m year-to-date as investors “get wise” to the negative returns on bank deposits.
Minister and ex-PM voice concern on $63m project
A sitting Cabinet minister and former prime minister have both voiced concerns surrounding “problems, problems, problems” with the proposed $63m Adelaide Pines project in which Albany’s developer is a minority shareholder.
