Law reforms to aid trading standards
Two key laws will be upgraded to enable The Bahamas to meet the standards set by rules-based trading regimes and agreements, it was revealed yesterday.
Auditor General discloses ongoing co-operation woe
The Auditor General (AG) says the willingness of government ministries, departments and agencies to provide his staff with access to their files is still “not where we want it to be”.
‘No issues whatsoever’ on $2bn Gov’t roll over
The Ministry of Finance’s top official last night said he foresees “no issues whatsoever” over the Government’s ability to refinance $2bn in domestic debt coming due for repayment by June 2022.
Hedging delay threatens to cost BPL’s consumers
Bahamas Power & Light’s (BPL) plan to raise its customer fuel charge by 30 percent with effect from yesterday did not happen because it was not approved by Cabinet, it was revealed yesterday.
‘Reputation on chopping block’ over reefs threat
The Bahamas’ “reputation is on the chopping block” if it fails to immediately combat a new “pandemic” devastating the coral reefs relied upon by tourism and fisheries, activists warned yesterday.
US urges ‘greater focus’ on gaming, money transmission
The US government yesterday urged The Bahamas to place “greater focus” on combating financial crime conducted via online gaming and money transmission services providers.
CIBC loan deferrals decrease by $420m
Just $6m worth of loans remained in CIBC FirstCaribbean International Bank (Bahamas) COVID loan deferral initiative at end-October 2021 compared to $426m exactly one year earlier.
Gladstone Road to be four lanes by end-2024
Gladstone Road will be transformed into a four-lane highway over its entire length - from Carmichael Road to John F Kennedy (JFK) Drive - by end-2024, it was revealed last night.
‘Build confidence’ for $2bn debt refinance
The Government must “build confidence” among Bahamian investors to successfully refinance almost $2bn in domestic debt coming due by June 2022, a top banker urged last night.
Abaco milk runs dry as blows ‘piling on’
Abaco’s Chamber of Commerce president yesterday said economic blows keep “piling on top of each other” for the Dorian-ravaged island which has presently run out of milk.
Realtors back reform call on ‘antiquated’ Condo Act
Senior realtors yesterday backed a Supreme Court judge’s call to reform the “antiquated” Condominium Act because “everything gets thrown off” in a sale by the slightest error in unit size.
Central Bank: Inflationary pressure to be ‘contained’
The Central Bank yesterday forecast that “inflationary pressures will remain contained” while The Bahamas’ foreign currency reserves will close 2022 above “international benchmarks”.
December air arrivals hit 85% of pre-COVID levels
Air arrivals for December 2021 reached close to 85 percent of their pre-COVID levels, the Central Bank revealed yesterday, increasing almost four-fold compared to 2020 figures.
Judge urges Condo Act reform over PI blunder
An architect’s blunder has ensnared a multi-million dollar Paradise Island project in multiple legal battles and prompted a Supreme Court judge to call for the Condominium Act’s reform.
Boat charter fee payers in $20m ‘consumable’ boost
Visiting yachts/boats who paid their charter fees via the Association of the Bahamas Marinas (ABM) portal spent $20m on “just consumable” purchases in the local economy, its president says.
