Fidelity chair: Global recession risk ‘high’
A BISX-listed bank’s chairman has branded 2021 “the comeback year we all hoped for” after his institution cut loan loss provisions by almost $19m due to borrowers becoming current with their obligations again post-COVID.
Attorney must pay $165k over ‘forged’ bank drafts
A Bahamian attorney has been ordered to pay Scotiabank some $165,000 after his business account became overdrawn due to two bank drafts that were discovered to be “forgeries or counterfeit”.
‘No further hiccups’ over Lucayan deal
The Opposition’s leader last night voiced concern that “there are no further hiccups” with the proposed Grand Lucayan sale with the extension to the buyer’s 60-day due diligence period set to expire this week.
Attorney General hails ‘trailblazing’ carbon Bill
The Attorney General yesterday hailed the Carbon Credit Trading Bill as “trailblazing”, asserting that The Bahamas is further ahead of the entire world in having a “specific framework” to regulate this multi-million dollar activity.
Gas dealers ‘optimistic’ despite wait over relief
Bahamian gas station operators yesterday said they remain “optimistic” about their relief negotiations with the Government despite the two sides not having met or communicated for “quite a while”.
Exuma oil spillage: ‘Polluter must pay’
An environmental activist yesterday said it was vital those responsible for last week’s Exuma oil spill pay the full clean-up cost and “meaningful penalties” to deter further pollution-related negligence.
‘Don’t take Kalik bottle’ to carbon trading fight
The Bahamas must “take a gun to a gunfight as opposed to a Kalik bottle” if it wants “to be ahead of the game” in developing carbon credits and their trading, a well-known banker is urging.
‘Patronising’ Medical Council move caused family break-up
A Supreme Court judge has slammed the Bahamas Medical Council’s “dismissive and patronising” approach to rejecting an expatriate doctor’s bid to be licensed as a radiology specialist - a decision that forced her family to split-up.
Bahamas ‘can’t sit on laurels’ over digital assets regulation
The Securities Commission’s top executive has warned that The Bahamas “cannot sit on our laurels” as she disclosed that further reforms to tighten digital assets regulation will be unveiled “in the next few months”.
LinkedIn gives VAT alert to Bahamians
Bahamians have been alerted that LinkedIn, the professional networking app, has become the latest digital economy app to impose 10 percent VAT with effect from July 21, 2022.
Bahamas must ‘levitate’ above digital evolution
The Bahamas “needs levitation devices” to rise above the rapidly-evolving digital assets space so that regulation lands wherever the “ground shifts”, a prominent banker is arguing.
No bank fall-out on ‘unfriendly’ Russia
The Central Bank’s governor yesterday reassured “there is no material impact to The Bahamas’ financial sector” from Russia’s decision to name this nation among “unfriendly” countries opposed to its invasion of Ukraine.
‘Balancing act’ to tackle petroleum dealer issues
The Prime Minister’s spokesperson says the Government is still trying to find a formula that brings the relief demanded by gas station operators but without inflicting more financial pain on already-struggling consumers.
The end of the show
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Poultry producer in halt after 3,000 chick deaths
A Bahamian poultry producer last night said it is suspending operations for a “minimum” three-five weeks, and laying-off ten staff, after a cargo bungle saw almost 3,000 of its chicks bake to death at Miami International Airport.
