Caribbean AG tells Bahamas: 'get into the digital asset race'
A former Caribbean attorney general is urging The Bahamas to “get into that race” of digital currency regulation as a means to overcome its traditional challenges with economic scale.John McKendrick QC, Anguilla’s ex-top law enforcement officer, told
Battle over The Pointe's Margaritaville heats up
Attorneys for Margaritaville’s Bahamian franchisee yesterday said 79 percent of the brand’s defenses have been dismissed as their bid to block its tie-up with the $250m Pointe project heats up. Todd Levine and Adam Steinberg, who are acting for Boss
$130m VAT increase allays fears over hike
The $130m year-over-year increase in first half VAT revenues proves that the 12 percent rate hike has “not dampened” consumer spending, a top Ministry of Finance official argued yesterday. Marlon Johnson, the Ministry of Finance’s acting financial s
Island Luck co-founder a 'fugitive', says judge
A federal judge has branded one of Island Luck's co-founders a "fugitive" from US justice in rejecting his bid to have near-decade old human smuggling charges thrown out.
$187m loss-makers match fiscal deficit
The $186.7m in subsidies to loss-making state-owned enterprises (SOEs) over the six months to 2019 year-end almost exactly matches the government’s deficit for that period, it was revealed yesterday.The government’s “fiscal snapshot” for the first ha
Renewable fear over BPL bond
A union leader has voiced fears that Bahamas Power & Light (BPL) will be unable to meet repayments on its $580m bond as its largest, wealthiest customers race to adopt renewable energy.
Bahamas featured at Lauderdale art show
The Bahamas was prominently featured at the four-day Art Fort Lauderdale fair, where one luxury home featured Junkanoo pieces and other cultural selections including music. The home designated “Bahamas Haus” was co-sponsored by the Ministry of Touri
Consumers urged: Take charge of energy reform
Renewable energy advocates are urging Bahamian consumers to “take charge” of their consumption and become more “independent” if they are to lower costs and be more environmentally-friendly. Philip Feller, general manager of SuperGreen Solutions, spea
IAN FERGUSON: The science of good leadership
Leadership behaviours, and skills that contribute to superior performance, are known as the leadership competencies. Companies can help identify and develop next generation leaders by adopting a competency-based approach. Managers, aspiring managers
Opposition slams $120m non-Dorian spending hike
The opposition’s shadow finance minister has slammed the government’s decision to increase non-Dorian spending by $120m, branding it a “farce designed to mislead the Bahamian people”. Chester Cooper, also the Progressive Liberal Party’s (PLP) deput
Energy 'band aids' won't combat climate change
The Bahamas needs a “long-term plan” to fix its energy woes, a Chamber of Commerce executive is arguing, adding: “Band aids only cover the wound.” Debbie Deal, head of the Chamber’s energy and environment division, told a Democratic National Alliance
Bahamian realtor hails 75th birthday
A well-known Bahamian real estate firm is celebrating its 75th anniversary thanks to its founder spotting the island’s second home potential just after the Second World War ended.Nick Damianos, a descendant of Greek immigrants who arrived in Nassau i
Compass Point owner issues licence warning
Compass Point’s owner yesterday warned he will not renew his hotel licence for 2020 until the government agrees to support an examination of how the resort industry’s regulation can be improved. Leigh Rodney, the West Bay Street-based property’s pro
'Uncharted territory' on $508m deficit blow-out
The Bahamas is in “almost uncharted territory” over its unplanned $508m post-Dorian borrowing, a Fiscal Responsibility Council member said yesterday, while warning: “Rome wasn’t built in a day.” Gowon Bowe, who represents the Bahamas Institute of Ch
Govt seeks extra $120m for non-Dorian spending
The government plans to borrow almost $120m to cover unbudgeted non-Dorian spending deemed “imperative for orderly, stable, sustainable and resilient governance”, it was revealed yesterday. K P Turnquest, pictured , deputy prime minister, detailed s
