Bahamas First unveils date-driven approach
Bahamas First has formed a new unit that will provide business intelligence and analytics to its operations in both this nation and the Cayman Islands.
Governance group names economic committee head
The Organisation for Responsible Governance (ORG) has unveiled Hubert Edwards as head of its economic committee.
Over 100 taxi drivers gain own franchises
More than 100 taxi drivers will possess their own franchises by March’s end after vehicle plates were issued directly to them by the Ministry of Housing and Transportation.
Condo hotel targets September opening
A Goodman’s Bay-based condo hotel is “aiming” for a September opening with over 85 percent of the units already sold, the project’s developer said yesterday.
Anti-financial crime study set for end-June finish
A Bahamian anti-financial crime regulator yesterday said the country’s latest national risk assessment is due to be completed by end-June 2022.
Bahamas sees $900m boost from marine areas expansion
The Bahamas has generated a $900m annual economic boost by expanding its Marine Protected Areas (MPAs) to cover 20 percent of the country’s coastal environment, studies have estimated.
‘Folly’: Over one-third of fish catches shady
Bahamians were yesterday warned it was “folly” to believe the oceans have an inexhaustible fisheries supply after it was revealed that 36 percent of landed catches are illegal or unregulated.
Minister: Investors only ‘prefer’ short term Gov’t bonds
A Cabinet minister yesterday conceded that Bahamian investors are only interested in short-term government debt after a one-year issue was oversubscribed by 14 percent.
‘Humanitarian crisis’ fear over cruise ships’ arrest
Concerns were voiced yesterday over the fate of 900 crew members due to uncertainty over who will cover the costs for two Bahamas-flagged cruise ships arrested in Freeport.
Merge compliance and risk to avoid surprises
The financial services industry had been implementing governance models designed to make its institutions more effective well before the COVID-19 pandemic began to wreak havoc on the world. Providers and supervised financial institutions have experienced severe changes in their regulatory compliance requirements since then, due to changing risks and increasing costs as a result of health and safety concerns, plus operational difficulties associated with remote work. And supply chain problems are seemingly relentless.
Local broker’s Grand Lucayan role is ‘exactly what we want’
A Bahamian realtor yesterday hailed the involvement of a local broker in facilitating the Grand Lucayan’s sale as “exactly what we want”.
Event planners enjoying gradual business pick-up
Event planners say tourism-led business will lead the sector’s revival amid expectation that trading conditions will continue to improve since COVID-19 restrictions were lifted.
Non-bank lenders face enhanced regulations
The Securities Commission’s top executive yesterday said the main law governing the Bahamian capital markets will undergo an “overhaul” this year.
Battle of the videostar
ActivTrades
FACEBOOK’S parent company, Meta (FB), has not had a bad year. Not every company can claim to have increased its sales by 37 percent in one year. The social networks, Facebook and Instagram, as well as the messenger, Whatsapp, generated almost $118bn following $86bn in the previous year. A good $29bn of that remains as profit.
Bahamas bank investors see $32m Cayman boost
A Bahamian financial institution’s shareholders have received a $32m boost this week after completing the final step in exiting the Cayman Islands market.
