Regulators to demand BPL fuel hedge report
Regulators will demand “a comprehensive report” from Bahamas Power & Light (BPL) on the effectiveness of a fuel hedging strategy that has been the subject of much recent controversy.
Gas stations hope for industry ‘modernising’
Gas station dealers are hoping the Government will either agree to a margin increase or “modernising” the industry’s structure, with a solution agreed before the 2022-2023 Budget is unveiled in just over three weeks’ time.
Investment protection focus for digital assets regulation
The Securities Commission’s top executive has foreshadowed the roll-out of more digital asset regulations as it begins focusing on “investment protection” in the cryptocurrency space.
‘World’s in worst state that I have ever seen’
Super Value’s principal has voiced hope that “we can do better than” the World Bank’s dire prediction of high food prices lasting for three years, but conceded: “The world is in the worst state I’ve ever seen.”
Disney triples construction workforce promise to 300
Disney Cruise Line yesterday revealed it is near-tripling the number of construction jobs created by its Lighthouse Point project to 300 amid hopes that Eleuthera can attract up to $1bn in total investment over the next decade.
Vacation rental fears on ‘full package’ VAT
A Bahamian vacation rental website developer yesterday voiced concern that the Government’s plans to impose VAT on “the full package” will undermine the industry’s affordability and competitiveness.
‘Creatures of evolution’: Digital firm to top $130m
A Bahamian digital payments provider yesterday predicted it will this year “top” the $130m worth of transactions it settled in 2021, and said of this shift: “This is not going to be the norm; it is the norm.”
Airports must give ‘awe, not dismay’
A senior Ministry of Tourism official yesterday affirmed that stopover visitors generate “26 times’ more in visitor spending” than cruise passengers as he hailed Eleuthera for “leading the way in increased airlift” capacity.
SOE reforms critical to economic revival
For those who pay attention to The Bahamas’ affairs, it is clear the challenges we face today could be with us for a while yet.
Recognise the talent within all employees
In large companies and government agencies, we often run into the challenge of viewing team members as multiple ‘fish’ swimming in a large ocean. Sometimes our companies become so large and impersonal that people - and their talents and gifts - get lost in the fray. I understand this all too well, as I have in many cases felt undervalued in various companies where I have served, both socially and from a work perspective.
Traditional finance providers have ‘duty’ to embrace crypto
Deltec Bank & Trust’s chairman yesterday asserted that traditional financial services providers have a “duty” to help innovators in the digital assets and crypto currency space.
Deltec chief: Banks quietly investing in crypto talents
A Bahamian financial institution’s chief executive yesterday said traditional financial services providers are quietly making “huge investments” in digital assets talent and infrastructure as they embrace the inevitability of its evolution.
‘Thunderball’ causes storm on Staniel Cay
The Supreme Court this week extended the construction halt on a property at the centre of an escalating dispute between Staniel Cay homeowners over fears it is a boutique hotel development in disguise.
Permit ‘backdoor’ allows developers to evade law
The immediate past environment minister has warned that the permitting system “creates a backdoor” for developers “to cloak their boutique hotels as single family residences” and evade Bahamian law.
Super Value principal backs VAT’s breadbasket removal
Super Value’s principal yesterday backed calls to remove VAT from breadbasket foods as a means to ease the burden soaring inflation has imposed on hard-pressed consumers still struggling to recover from COVID-19’s fall-out.
