‘I cannot go further with people’s funds’ on Grand Lucayan
A Cabinet minister yesterday said the $5.5m payout demanded by Grand Lucayan managers was based on “faulty analysis”, and blasted: “I can go no further with the people’s money.”
RBC FINCO: We ‘underperformed’
Royal Bank of Canada’s (RBC) Bahamian mortgage arm has warned it will “continue to be challenged” with low growth and bad loans that, at $124.3m, exceed industry averages.
Crypto regulation must be ‘friendly’ to entrepreneurs
REGULATIONS governing crypto assets and related instruments must be “entrepreneur friendly”, a local industry advocate urged yesterday, saying: “We have a unique opportunity before us.”
Taxi drivers resolve issues at Baha Mar
THE Bahamas Taxicab Union’s (BTU) president yesterday said it had reached what he described as an amicable resolution over the working conditions for drivers operating at Baha Mar.
Union boss doubles down on BPL generation warning
A trade union leader yesterday reiterated that he will “accept nothing less” than Bahamas Power & Light (BPL) training his members to operate New Providence’s new generation plant.
Realtor expands ahead of its 10th anniversary
Bahamas Islands Realty has unveiled expansion plans just short of celebrating its tenth anniversary “success as a small firm with large talent”.
Water & Sewerage in out island outsource
The Water and Sewerage Corporation (WSC) has signed a contract with Sun Island Transfers (SunCash) to collect Family Island customer payments and move them to New Providence.
Renward’s relief in $700m lawsuit
Court brings end to waste project dispute
The Supreme Court has dismissed the $727.364m damages claim brought against Renward Wells and two government "agents" by the firm at the centre of the Letter of Intent (LOI) controversy.
'Next level' for financial sector after EU escape
The Bahamas must use its escape from the European Union's (EU) tax "blacklist" to take the financial services industry to the "next level of growth", the deputy prime minister urged yesterday.
Ex-minister backs corporate tax call
A former finance minister yesterday joined calls for The Bahamas to consider implementing a low-rate corporate tax as a way to shed its long-standing “tax haven” label.
DPM: We won’t allow any crypto asset ‘disasters’
THE DEPUTY Prime Minister yesterday said the government aims to prevent “disastrous situations” by imposing proper regulation for cryptocurrency assets and related instruments.
‘Breathing space for action’ by EU, says former AG
The Bahamas’ escape from the European Union’s (EU) tax “blacklist” has created “breathing space for action” to reposition the financial industry, an ex-attorney general argued yesterday.
ART OF GRAPHIX: Practice for difference rather than perfection
Someone once said: “Practice makes perfect”. But is this really true? Does it make us experts or picture perfect? Perhaps the jury is still out on this but, for argument’s sake, let us all agree that this is based on a flawed premise because perfection does not exist.
Bahamian firm teams for AI road inspections
A Bahamian construction firm is joint venturing with a foreign provider to offer artificial intelligence (AI) based road assessments to the government.
Lucayan managers told: 'There's no more money'
Grand Lucayan managers were yesterday bluntly warned "there's no more money" after they rejected the Government's $3.1m payout offer and took their grievances to the Industrial Tribunal.
