Bank fee moans? It’s your ‘own damn fault’
The Central Bank’s top inspector yesterday said he had little sympathy for those complaining about bank fees since it was their “own damn fault if they are too lazy to switch” to online banking.
Minister pledges: No $10bn debt default
The Bahamas will not default on its $10.356bn national debt or have to seek IMF assistance, a Cabinet minister asserted yesterday, amid mounting public concern over the nation’s fiscal woes.
Bahamas impotent on bank account ‘overkill’
The Bahamas’ bank account-opening woes are the product of “a bad faith system” that it “can do nothing about”, a top Central Bank regulator admitted yesterday.
‘No signs of slowing’: Realtor in 75% jump
A Bahamian real estate firm yesterday said it is aiming to “hold” the gains realised from this year’s 75 percent sales volume increase in a market that “shows no signs of slowing”.
BTC ‘shut down’ warning on mandatory vaccination
The Bahamas Telecommunications Company’s (BTC) line staff union yesterday warned it will “shut the company down” if its parent continues to push a mandatory COVID-19 vaccination policy.
Minister says Bahamians ‘alarmed’ by $10bn debt
A Cabinet minister yesterday conceded that Bahamians are becoming increasingly “alarmed” over the $10bnm-plus national debt and “systematic” action is needed to address it.
Governance reformers seek ‘proof in pudding’
Governance reformers yesterday said “the proof of the pudding will be in the eating” over the Davis administration’s pledges to enact anti-corruption and campaign finance reforms.
AG pledges to ‘enforce’ investor commitments
The Attorney General yesterday pledged to “enforce” Heads of Agreement commitments requiring foreign investors to use Bahamian products, professionals and artisans for their projects.
The ‘third line’ of corporate defence
AS defined by the Committee of Sponsoring Organisations of the Treadway Commission (COSO) in 2004, enterprise risk management (ERM) is a process effected by an entity’s board of directors, management and other personnel. It is applied in a strategy setting across the company, and is designed to identify potential events that may affect the business and manage risk such that it falls within its risk appetite.
Bus drivers: ‘Don’t leave us hanging’
Jitney drivers yesterday urged the Government to either approve a passenger fare increase or subsidise the sector given that they are still restricted to 50 percent seating capacity.
Accountants told peer oversight ‘here to stay’
Practice monitoring for public accountants is “here to stay”, the Bahamas Institute of Chartered Accountants (BICA) president said yesterday.
Payment provider eyes 20-25% profit increase
A Bahamian digital payments provider is forecasting a 20-25 percent profits increase in 2022 based on the financial transactions it handles being “no less than double” this year’s $100m.
Bahamas ‘can’t afford’ aviation downgrade
The Bahamas “cannot afford” to have any further downgrade to the aviation industry’s global standing, airline operators have warned, and are hoping for a “marked improvement” this month.
New COVID rules ‘threaten hardship’
A former Cabinet minister has warned the proposed COVID-19 rules are too “inflexible and draconian”, and threaten to “create hardship” for businesses and citizens unless amended.
The race to go green
ActivTrades
“WE cannot outrun your carbon emissions. We cannot outrun the hurricanes, which are becoming more powerful, and we cannot outrun our sea levels as our islands disappear.”
