Talks to save 20 CIBC jobs ‘look prosperous’
A union leader last night said efforts to secure new jobs for around 20 CIBC Caribbean staff are “looking prosperous” as the bank moves to shutter its Bahamas call centre by next month.
DEPP chief: CEC permit needed ‘no matter what’
The Government’s top environmental official yesterday said a key approval is required “no matter what” amid fears this will “roadblock” $24m worth of Hope Town construction projects.
Minister ‘cautiously optimistic’ over $900m carbon credits
A Cabinet minister yesterday said the Government is “cautiously optimistic” that The Bahamas could earn $900m per year from monetising its seagrass and mangrove carbon sinks.
FTX’s $675k link to govt officials
FTX and its jailed founder, Sam Bankman-Fried, paid $675,000 to “entities affiliated with high-ranking Bahamian government officials and their families”, it was revealed yesterday.
DEPP ‘roadblock’ fear over $24m in projects
More than $24m worth of development and construction projects targeted at Hope Town have been placed on hold due to the creation of a “major roadblock” in the approval and permitting process.
Drop ‘old-style politics’ to improve fiscal credibility
The Government must not “hold its cards close to its chest” if it knows it will miss this year’s $131m fiscal deficit target by a significant margin, a senior Bahamian banker warned yesterday.
‘Dirty power’ danger worsens Superwash’s 47.5% cost hike
Superwash’s principal yesterday asserted that the “dirty power” produced in The Bahamas is just as great a threat to business stability as last year’s 47.5 percent increase in electricity costs.
Prosecutors attack FTX Bahamas chief’s claim to be ‘whistleblower’
US prosecutors have downplayed the whistleblower role performed by FTX’s former Bahamas head in demanding that he be sentenced to up to seven years’ in prison.
Mangrove Cay, Eleuthera hit by weekend BPL woes
Regulators yesterday said they are seeking to gain “a deeper understanding” of what caused Bahamas Power & Light’s (BPL) holiday weekend woes that were not confined just to New Providence.
Gov’t sticks to fiscal target as $215m FDI beats pre-COVID
The Government says foreign direct investment (FDI) inflows are now “substantially” above pre-COVID trends at $215m while sticking to its original target of slashing this year’s fiscal deficit by 75 percent.
Pharmacy sector at odds over medical marijuana
THE body that regulates the Bahamian pharmaceutical industry yesterday appeared at odds with the association that represents its members over how widely the latter was consulted on the marijuana reforms.
Bran slams ‘absurdity’ of medical marijuana plans
The Democratic National Alliance’s (DNA) ex-leader yesterday slammed planned legal reforms for the distribution of medical marijuana as “an absurdity” and warned they could endanger patient lives.
Five-star Banyan Tree in Bimini project’s revival
A five-star resort brand will manage the hotel and rental programme for a multi-million dollar development targeted at Bimini, it was revealed yesterday.
BTC readies to consolidate mobile network to 4G only
The Bahamas Telecommunications Company (BTC) yesterday unveiled plans to improve its mobile network by consolidating all spectrum used by consumers into 4G (fourth generation) technology.
Water Corp completes Prince Charles repairs
The Water and Sewerage Corporation (WSC) yesterday confirmed it has completed repairs to the ruptured main water line on Prince Charles Drive that left hundreds without water at the weekend.
