Fraudulent checks allegedly hit govt agencies for $2m
The Royal Bahamas Police Force’s top financial crime investigator yesterday urged “vigilance” after it emerged another government agency had allegedly fallen victim to a forged cheque. Superintendent Matthew Edgecombe, head of the Force’s anti-corru
Acting URCA chief: 'We can't regulate in vacuum'
The Utilities Regulation and Competition Authority’s (URCA) interim chief executive says interaction with other supervisory bodies is critical to ensure it does not operate in a vacuum. Shavonne Cambridge, also URCA’s director of utilities and energ
Scotiabank unveils Mastercard tie-up
Scotiabank yesterday unveiled a seven-year agreement with MasterCard to provide new debit cards and an improved digital customer experience in The Bahamas and three other Caribbean countries. The tie-up, which also includes Scotiabank’s operations i
Coconut Festival to beat Dorian effects
The 22nd annual Coconut Festival has shrugged off the devastating blow from Hurricane Dorian and will go ahead as planned at Pelican Point next month, organisers have revealed. “I am here to report that the residents of Pelican Point are resilient,
Caribbean body assists Dorian-ravaged farmers
A Caribbean agricultural body is providing more than $50,000 worth of inputs to help Dorian-devastated farmers recover, it was revealed yesterday. Dr Michelle Singh, country representative for the Caribbean Agricultural Research and Development Inst
Customs officers warned - no moonlighting
Bahamas Customs has warned its officers they cannot moonlight as "de facto brokers" because of the fraud and corruption risks this practice presents, a top Ministry of Finance official has revealed.
US report 'won't impact financial crime list escape'
A withering US report will “not significantly impact” The Bahamas’ efforts to escape a list of nations with deficiencies in their anti-financial crime defences, a risk management specialist said yesterday.Emmanuel Komolafe, pictured, acknowledged tha
Comparing coronavirus to recession, September 11 labelled 'premature'
A Cabinet minister yesterday said he was “not yet prepared to reach the conclusion” that the coronavirus outbreak may match the 2008-2009 recession and 9/11 attacks in its impact on The Bahamas. Dionisio D’Aguilar, minister of tourism and aviation,
Bahamasair chair 'praying' virus not a Sept 11 repeat
Bahamasair’s chairman is “praying” that the Covid-19 virus does not match the September 11 attacks’ impact on travel and tourism, having witnessed that “devastation” first hand.Tommy Turnquest, who was minister of tourism that fateful day, told Tribu
Disney gives maritime academy scholarships
Disney Cruise Line has awarded scholarships to four Bahamian female cadets to attend the LJM Maritime Academy in Nassau. The scholarships, one for each of the ships in the Disney Cruise Line fleet, include two years of study at LJM Maritime Academy
New airlift seeking frequency increase
United Airlines is already looking to increase the frequency of a new non-stop flight from Denver that is expected to bring an extra 20,000 visitors to The Bahamas annually, a senior tourism official says.Dr Kenneth Romer, the Ministry of Tourism’s e
PLP: 'We'll terminate' PI deal for Royal Caribbean
The opposition’s leader yesterday warned that a future PLP government “will terminate” any agreement that results in Royal Caribbean Cruise Lines leasing crown land on Paradise Island. Philip Davis, in a statement, argued it would be “grossly unfair
Product shortage warning as coronavirus fear rises
Shortages of hand sanitisers and surgical face masks are expected to occur within weeks, Bahamian retailers and wholesale distributors have warned, due to the spreading coronavirus outbreak. Hillary Hall, Ports International’s chief executive, told
Fallout from coronavirus posing challenges to aviation giants
The coronavirus continues to spread around the globe and the latest projections from the World Health Organisation point to a highly contagious disease with a mortality rate of 3.4 percent. These are worrying numbers that explain the draconian measur
BPL’s new charge hit by delay
Bahamas Power & Light's (BPL) mammoth refinancing has been further delayed by the need to alter its enabling legislation to better protect investors, a Cabinet minister revealed yesterday.
