Baha Mar builder seeks Bahamian judicial assistance
Baha Mar’s main contractor has launched its own bid to secure Bahamian judicial assistance in a bid to unearth evidence that will support its counter-claims against former owner Sarkis Izmirlian.
‘Full accounting’ demanded by oil opponents
Oil exploration opponents yesterday submitted their third Freedom of Information Act request in a bid to obtain greater transparency over the Government’s dealings with the ex-Bahamas Petroleum Company.
PI resort ends tests for fully vaccinated guests
A Paradise Island resort says fully vaccinated guests will no longer have to produce negative COVID test results as it extends its ‘fourth night free’ promotion through until August 31.
DEREK SMITH: Don’t simply ‘check box’ for passports over KYC
The fraud industry is booming. A few months before COVID-19 appeared, the Financial Cost of Fraud Report 2019 stated: “Fraud is costing businesses and individuals across the world $5.127tr each year.” Moreover, the results of a survey completed by the Association of Certified Fraud Examiners (ACFE) noted that due to the COVID-19 pandemic, experts have observed an increase in multiple types of fraud. Both historically ,and recently, financial institutions and designated non-financial business and professions (“DNFBPs) are targets of fraudsters.
Gov’t seizes on leading small island FDI status
The Government yesterday seized on The Bahamas’ status as 2020’s top small island state for foreign direct investment (FDI) as “perhaps the strongest indicator of confidence” in this nation. The Ministry of Finance, in a statement, said this nation had bucked the trend of declining FDI inflows at the COVID-19 pandemic’s height via a 47 percent or $286m year-over-year increase in such receipts compared to 2019.
Crystal drops Cat Island on docking
Cat Island business owners said Crystal Cruises was unable to select the island as a port-of-call during its seven-night Bahamas voyages because the water near the public dock was too shallow.
Bimini businesses are mixed on COVID test
Bimini businesses yesterday gave mixed reactions to the Government’s requirement that persons travelling to and from the island must take an RT-PCR COVID-19 test in a bid to contain the latest outbreak.
Project manager creates ‘professional community’
A project manager yesterday said she created a “community” dedicated to professionals in her sector in response to a “great need” for better networking among Bahamians.
Long Island Chamber chief hails ‘incredible’ cruise visit
Long Island’s Chamber of Commerce president has hailed the impact of Crystal Cruises’ first-ever visit to the island as “incredible”.
San Salvador ‘impressed’ with Crystal visit
A San Salvador business owner yesterday said she was “impressed” by how Crystal Cruises guests were treated when they visited the island last week.
Realtor: ‘Best sales in 99-year history’
A prominent realtor has revealed his firm is enjoying “the best year in our 99-year history” with the high-end Bahamian property market “going gangbusters” following its post-COVID lockdown emergence.
Unions target summer 2022 for unification
TRADE union leaders this weekend voiced optimism that the “complete unification of the labour movement into one single body” will be achieved in time for The Bahamas’ 49th Independence celebrations.
Cable: Resolving consumer concerns ‘drilled into ethos’
CABLE Bahamas’ top executive has pledged that resolving customer complaints is “our number one priority” and has been “drilled into the ethos” of all employees ahead of a regulatory probe into its TV services.
Banks eye $700m ‘bridge’ for Gov’t
BAHAMIAN commercial banks are in discussions over providing up to a $700m syndicated loan to the Government to bridge the gap until it places its international bond financing later this year.
Power and prestige from the race into space
As World War II came to an end and the rivalry between the United States and the Soviet Union grew, the space race became one of the main stages where the two superpowers competed for an intangible that often plays a crucial role in capturing the hearts and minds of domestic citizens, as well as those of government officials around the world.
