NGOs cleared on terrorism: High risks’ $150m turnover
All Bahamian non-profit groups have been cleared of any involvement in financing terrorism with those deemed to present a “higher” risk found to collectively control some $150m in turnover.
AG tells world: Don’t blame us over FTX
The Attorney General last night blasted that it was “a gross oversimplification of reality” for the world to blame The Bahamas for FTX’s collapse as no country had moved “as quickly” to tackle the crypto exchange’s implosion.
PM told: $22m savings if BPL fuel trades done
A draft Cabinet paper seemingly prepared for the Prime Minister advised that Bahamians could enjoy a further $22m in savings if trades were executed to continue Bahamas Power & Light’s (BPL) fuel hedging at discounted prices.
DEREK SMITH: Happy workers keep a company on track
Identifying potential employee-related risks is the goal of human resource risk management. Businesses can avoid possible issues by ensuring they hire the right employees. It is vital to mitigate employee-related risk to maximise revenue, reputation, profitability and other aspects of their operations.
New PI super yacht marina 80% booked
PARADISE Island’s newly-opened Hurricane Hole super yacht marina is over 80 percent booked, its principal developer says, with the wider $250m project moving forward at a brisk pace.
BAIC eyes second industrial park plan
The Bahamas Agricultural and Industrial Corporation’s (BAIC) chairman has revealed a new industrial park will be created on Carmichael Road as the Government seeks a $50m credit line to further boost small businesses.
Coral deposits find delays Fortune Bay canal dredge
DREDGING of Freeport’s Fortune Bay canal system has been delayed due to the need to protect coral ecosystems from harm.
Lessons learned
ActivTrades
The collapse of the FTX crypto exchange, and the controversy swirling around its founder, Sam Bankman-Fried (SBF), have plunged the crypto market into an existential crisis.
Sir Franklyn: FTX is ‘not our first rodeo’
A well-known businessman yesterday urged the Bahamas to “stand united” in the face of FTX’s implosion as he blasted the Opposition’s leader for trying to “score cheap political brownie points” over the affair.
Property insurance costs ‘no doubt’ higher in 2023
Bahamian families and businesses were yesterday warned that property insurance costs will “no doubt be higher” in 2023 even though the country “dodged a bullet” with Hurricane Nicole.
UN’s tax mandate vote may end ‘gallows walk’
The Bahamas may have “some light on the horizon” in its tax battles against the European Union (EU) and Organisation for Economic Co-Operation and Development (OECD) via a new United Nations (UN) resolution.
Salvation Army in Sand Dollar boost
The Salvation Army yesterday announced that it will be accepting Christmas donations via the Sand Dollar, the Bahamian digital currency, with help from Omni Financial Group.
Hyatt warned Sarkis: ‘You’ll never meet opening target’
Sarkis Izmirlian received more than three months’ warning from his major resort partner that it would only begin accepting bookings from June 1, 2015, as the resort’s target opening was “not a viable option”.
IAN FERGUSON: Holding your entire team accountable
Accountability provides assurance that an individual or company is evaluated on their performance and/or behaviour related to something for which they are responsible. A great example of accountability is when you are able to limit distractions, and remain focused on achieving your goals and tasks.
BISX-listed fund targets asset-doubling to $100m
A BISX-listed fund is reviving ambitions to “more than double” total assets to over $100m by “looking more aggressively” for property acquisitions following its recent preference share refinancing.
