Don’t reinvent wheel on investment agency
The Bahamas must not reinvent the wheel in creating a new investment promotion and approvals agency as envisioned by the government’s Economic Recovery Committee (ERC), a prominent banker warned yesterday.
Voters urged: Challenge parties on business ease
A prominent realtor yesterday urged Bahamian voters to challenge general election candidates on how they plan to drag The Bahamas’ ease of doing business “from a third world mentality to a first world mentality”.
Doctors in COVID testing expansion
Doctors Hospital is aiming to expand its COVID-19 testing sites to southern New Providence after its newly-opened British Colonial Hilton location hit a “3,000 run rate within the first week”.
BTC’s half-year better via 16% revenue rise
The Bahamas Telecommunications Company (BTC) enjoyed a 16.3 percent year-over-year increase in 2021 second quarter revenues, it was revealed yesterday, despite losing close to 3,000 prepaid mobile subscribers.
Hospital ‘must beat misperception’ that it’s not affordable
Doctors Hospital “must beat misperceptions” that its healthcare services are too expensive to be accessed by middle and lower income Bahamians, its chief financial officer says.
Bank ‘hopelessly deficient’ on $600k loan guarantee
Bank of The Bahamas’ “hopelessly deficient case” has left it unable to enforce a guarantee for a near-$600,000 delinquent mortgage owed on a property in south-west New Providence’s Coral Vista subdivision.
Treat internal audit as trusted advisors
Internal auditors should be considered trusted advisors who work along with the board and management to help your company achieve its goals and business objectives.
Ex-DPM backing 2023 for full COVID rebound
The former deputy prime minister yesterday backed the Central Bank’s assessment that the Bahamian economy will not fully recover from COVID-19 until 2023, with much depending on how the latest case surge is handled.
Growing pessimism on Grand Lucayan’s sale
Grand Bahama businesses yesterday voiced growing pessimism that the Grand Lucayan’s sale to the ITM Group/Royal Caribbean joint venture will ever be completed especially as a general election nears.
Commission summons police over firm’s ‘fake certification’
The Securities Commission has brought in the Royal Bahamas Police Force (RBPF) to help investigate an entity falsely claiming to be licensed and registered with the financial services regulator.
Bahamas ‘not doing enough’ to fight corruption perception
Governance reformers yesterday warned The Bahamas “is not doing enough to change perceptions of corruption” as the US government again cited irregularities in this nation’s procurement and investment approvals process.
Governor: Use $200m for Dorian rebuilding
The Central Bank’s governor yesterday urged Dorian-ravaged businesses and homeowners to draw down on “at least $200m” in unused reinsurance funds to finance rebuilding, adding: “The economy will be better off.”
Doctors sees 75% growth in demand
Doctors Hospital has seen a 75 percent year-over-year increase in demand for its services based on top-line revenue growth during the first six months of its 2022 financial year, a senior executive has revealed.
‘Near-term risk’ to the economy has increased
The Central Bank’s governor yesterday warned that “very near-term risks to the economy have increased” as a result of surging COVID-19 infection rates in The Bahamas and its key tourism source markets.
Restrictions gave external reserves ‘$200m cushion’
The Central Bank’s governor yesterday revealed that restrictions imposed last year in the immediate aftermath of the COVID-19 pandemic’s outbreak had “provided at least a $200m cushion for the external reserves”.
