BOB: ‘Break even excellent’ for 2021
Bank of The Bahamas’ top executive says it will “be excellent” if its closes its 2021 financial year in a “break even” position after incurring $20m in loan loss provisions over the past two years.
‘Blind’ driving attorney loses sanctions fight
A Supreme Court judge has refused to give an attorney “a second bite at the cherry” and appeal sanctions related to his management of a $30m estate on the basis he is “legally blind”.
Sir Franklyn: Is data protection up to challenge?
A prominent businessman is questioning whether the government and private sector are doing enough to protect Bahamians’ personal financial data from employee theft in a growing digital economy.
THE GREEN AUTOMOBILE REVOLUTION
ActivTrades
NIKOLA Tesla, born in 1856 was a Serbian- American engineer who contributed to our modern alternating current electricity supply system. He became a well-known inventor and was noted for his showmanship at public lectures and his demonstrations to celebrities and wealthy patrons.
Running the race to full compliance
As I ran along the Cable Beach strip contemplating why I decided on a vigorous “speed repeat routine”, as I embarked on my second week of a year-long journey towards running my first full marathon, I was stopped by Bahamian-born, now-Washington DC domiciled, Reuters business writer Katanga Johnson.
PLP pledges rise in minimum wage
The Progressive Liberal Party (PLP) yesterday unveiled a populist economic agenda that included a weekly $40 increase in the minimum wage and cutting VAT to 10 percent for at least one year.
Resorts showing Easter promise
Family Island hotels say they are “booked solid” for the Easter period, with one disclosing an 80 percent occupancy level for the holiday that traditionally marks the winter season peak and climax.
Bahamas urged on credit registry move
An Inter-American Development Bank (IDB) economist has urged The Bahamas to go beyond its proposed credit bureau by establishing a credit registry to enable better lending decisions.
New BTC chief tackles ‘rocky’ union relations
THE Bahamas Telecommunications Company’s (BTC) new chief executive has pledged to rebuild labour relations that have been “on a rocky road for the last several years”.
No more home waste: ‘We’re on our knees’
THE Bahamas “cannot afford” a repeat of the waste involved in the National Insurance Board’s (NIB) $10.8m housing loan with the country “on its knees”, two ex-Contractors Association chiefs warned.
Governance reformer defends Fiscal Act on govt ‘latitude’ concern
THE Bahamas must strike “a balance between functionality and best practice”, a governance reformer said yesterday, after its fiscal responsibility law was criticised for giving government “too much latitude”.
Union’s legal threat targets two resorts
A TRADE union leader last night threatened two Bahamian resorts with legal action for “unfair termination” and other alleged breaches of the Employment Act’s redundancy and re-hiring provisions.
IAN FERGUSON: Employees are the best social media promoters
WITHIN each company, regardless of size, industry or product and service offerings, people are using social media.
Commission chief wary over digital ‘sandboxes’
THE Securities Commission’s top executive yesterday said “serious” digital assets providers wanted to operate in a well-regulated jurisdiction and did not need “sandboxes” to facilitate their innovation.
Regulators: Digital assets still volatile
BAHAMIAN regulators yesterday warned that digital assets remain “volatile” despite having significant potential to transform this nation’s financial services industry.
