URCA targets ‘symbiotic’ policymaker relationship
THE Utilities Regulation and Competition Authority (URCA) yesterday said it was working to ensure it has a “symbiotic” relationship with policymakers, each having a clear understanding of their roles and responsibilities.
Bahamas Ferries: No more defiance of PM
Bahamas Ferries was yesterday said to have pledged it will not continue using Marsh Harbour’s public dock in defiance of orders issued by its third largest shareholder - the prime minister.
$70m funding gap in ‘worst case’ on NHI
Employers may have to fill a $70m funding gap if the “worst case scenario” for National Health Insurance (NHI) becomes reality, the Chamber of Commerce’s top executive revealed yesterday.
DPM: PLP will take us ‘back to fiscal future’
The deputy prime minister says “every Bahamian should be worried” that the PLP will take the country “back to the future” by overturning recently-enacted fiscal disciplinary measures.
Cruise crime video is ‘patently untrue’
A Cabinet minster last night said he was “not particularly bothered” by a widely-circulated video labelling The Bahamas’ the world’s most unsafe cruise destination because it was “patently untrue”.
GB small business launch draws 450
Some 450 persons attended Thursday’s Grand Bahama launch of the Small Business Development Centre’s (SBDC) Access Accelerator initiative.
Palm Cay 70% sold on One Marina first phase
Palm Cay says phase one of its $100m One Marina condominium project is 70 percent sold less than three months after it broke ground on its “most ambitious project to date”.
Cruise line restarts calls to damaged cay today
Princess Cruises will resume calls to its Eleuthera private island today, almost a week after a fire damaged several buildings at the property.
Taxi drivers moving to shed ‘scavenger’ image
THE Bahamas Taxicab Union’s (BTU) president says he remains resolute on rebranding the industry and shedding the negative reputation of cab drivers as a group of “scavengers”.
Investor hatches 30,000 chicken supply strategy
A $10m poultry investor is aiming to grow domestic producers’ market share beyond the present “less than two percent” through supplying Bahamians with 30,000 fresh chickens per week.
Crypto exchange plan to ‘revolutionise’ BISX
The Bahamas International Securities Exchange’s (BISX) plans for a cryptocurrency and digital securities trading platform will “revolutionise our jurisdiction”, its top executive said yesterday.
Insurers at ‘loggerheads’ with govt on VAT refunds
Bahamian insurers yesterday said they are at “loggerheads” with the government over VAT refunds, branding the situation “untenable” due to the impact on cash flow and solvency margins.
No ‘great panic’ on deficit run-up
The government’s first-half fiscal deficit is no cause for “great panic” despite being equal to 73.4 percent of the full-year target, a top accountant argued yesterday.
BISX closes on govt debt ‘watershed’
The Bahamas International Securities Exchange (BISX) is “in the final stages” of preparing to list and trade billions in government debt - a move its top executive yesterday hailed as “a watershed”.
Insurers: ‘Very difficult’ to hit NHI start date
Bahamian insurers yesterday warned it will be “very difficult” to hit the revised National Health Insurance (NHI) start date of July 2020 with the scheme’s organisers “standing their ground”.
