‘Foolhardy’ if BISX to neglect digital assets
The Bahamas International Securities Exchange (BISX) is “actively pursuing opportunities” in digital assets, its chief executive disclosed yesterday, adding: “We’d be foolhardy to do otherwise.”
Gov’t revenue $210m ahead of projections
The Ministry of Finance’s top official yesterday the Government revenue is $210m above forecast for the 2021-2022 fiscal year-to-date and is expected to maintain that momentum through to end-June..
Inflation ‘hurricane’ for property owners
Homeowners and businesses have been warned that soaring inflation could leave them under-insured as the 2022 hurricane season looms, with one underwriter describing catastrophe cover as an “expensive but necessary evil”.
Gov’t drove 59% of $523m reserve rise
The Government accounted for 59 percent of the 2022 first quarter’s $523m rise in The Bahamas’ foreign currency reserves, the Central Bank’s governor has revealed, although the banking sector subsequently took on the greater share.
BTC revenues up 6% as subscribers decline
The Bahamas Telecommunications Company’s (BTC) revenues increased by 6 percent year-over-year for the 2022 first quarter as the carrier continued its steady recovery from the lows caused by the COVID-19 pandemic.
Thirty firms to attend Labour on the Blocks
Some 30 companies will be present at this weekend’s Labour on the Blocks 2.0 job fair, the Department of Labour announced yesterday, as it bids to reduce unemployment by bringing work opportunities to local neighbourhoods.
Minister eyes Disney jobs boost for his constituents
A Cabinet minister yesterday said Disney Cruise Line plans to stage another job fair in his South Eleuthera constituency so that residents have first chance to secure the extra 180 construction jobs at its Lighthouse Point project.
Gov’t to decide on Baker’s Bay’s ‘global workforce’
A Cabinet minister yesterday said the Mexican workers hired to rebuild Abaco’s Baker’s Bay Golf & Ocean Club may be re-engaged while reaffirming the long-standing policy that qualified and available Bahamians get first preference.
$1BN BLACK HOLE OF UNPAID TAXES: Inland Revenue reveals scale of outstanding arrears by Bahamians
The Government’s top revenue agency yesterday revealed that “unacceptable non-compliance” by Bahamian taxpayers had resulted in the build-up of $1bn in outstanding tax arrears that it was now aggressively pursuing.
‘We buried hatchet’ over retail closure
Super Value’s principal has revealed he and his family “bit the bullet” in closing their loss-making Harbour Bay housewares retailer, adding: “We were fighting a losing battle so we buried the hatchet.”
New NAD fees hailed as ‘lot less onerous’
The private aviation industry yesterday hailed the Nassau Development Company’s (NAD) alterations to the new fees imposed on it as “a lot less onerous” compared to what was originally proposed.
‘Entrenched reduction?’: Bad loans down $22m
The Central Bank is “holding off” in determining whether COVID-related loan delinquencies have peaked despite a $22.4m reduction in non-performing credit during the 2022 first quarter, its governor revealed yesterday.
NIB losing ‘tens of millions’ over delinquent employers
A Cabinet minister yesterday warned that the National Insurance Board (NIB) plans to intensify its pursuit of delinquent employers and self-employed persons who owe “tens of millions” in unpaid social security contributions.
One thousand Gov’t staff to be permanent
A Cabinet minister yesterday said the Government is aiming to make 1,000 public sector workers permanent and pensionable, having set aside $2m to cover back pay owed to civil servants.
Company accused of role in baby’s death
An ex-Family Guardian executive, who is alleging that the insurer’s actions helped cause her unborn baby’s death, has lost the battle to have a covert recording of her meeting with the firm’s president admitted as evidence.
