Bank reliance on fees labelled ‘lazy approach’
A Bahamian economist says the Central Bank’s fee transparency mandate “is a step in the right direction” towards greater regulation and forcing commercial banks away from “a lazy approach”.
Tackle ‘definition of insanity’ to diversify supply chains
HURRICANE Milton and the recent US dock strike have exposed the urgency with which The Bahamas must diversify its supply chain and address “the definition of insanity,” its trade chief argued yesterday.
Milton ‘not our first rodeo’
BAHAMIAN resorts have not yet suffered “material cancellations” as a result of Hurricane Milton, a senior hotelier said yesterday, as he asserted: “This is not our first rodeo.”
‘Anxious’ Dorian-hit islands close commerce for Milton
COMMERCE was yesterday said to be shutting down in Grand Bahama and Abaco as “nervous” and “anxious” residents prepared for Hurricane Milton with memories of Dorian still fresh for many.
'Lot of boaters upset’ over new $200 Immigration fee
AN ABACO resort and marina operator yesterday warned that “a lot of boaters are upset” over the newly-implemented $200 fee to extend visitor stays and the way it has been introduced.
Capo demands $600m damages from Genting
RESORTS World Bimini’s original developer is demanding its Genting partner pay more than $600m in damages for allegedly turning the project into a “financial wasteland” via a near-billion dollar liability “dump”.
Attorney: City Markets pension misuse allegation ‘totally false’
A Bahamian attorney yesterday slammed as “totally false” claims he had misused monies intended to pay severance and pensions owed to long-suffering ex-City Markets staff for “his own personal benefit”.
Mosko project may require West Bay Street ‘realigning’
The Mosko Group may have to fund the “realignment” of West Bay Street to secure Ministry of Works approval for its Rock Point “day trip” destination on New Providence’s north coast.
Bahamian insurers on Milton: ‘There will be consequences’
Insurers yesterday warned “there will be consequences” for Bahamian property premiums and coverage availability “whatever happens” with Hurricane Milton as it takes direct aim at central Florida.
Bahamas banks fall short on identifying sanctioned persons
Bahamian financial institutions recently fell short of global standards for detecting clients and transactions subject to international sanctions, the Central Bank has revealed.
Watchdog ‘sensitises’ courier firms to consumer complaints
The Consumer Protection Commission’s executive chairman yesterday said the watchdog has met with courier companies to understand how customers are compensated for lost, stolen or damaged shipments.
Bridge Authority reform to drive $50m Glass Window overhaul
The Attorney General yesterday said legislative reforms that will empower the Bridge Authority to expand its responsibilities will facilitate the $45m-$50m transformation of Eleuthera’s Glass Window Bridge.
Northern Bahamas bracing for Milton
Residents in the northern Bahamas yesterday rushed to grocery stores to stock up on goods ahead of a potential impact from Hurricane Milton.
Eleuthera residents demand ‘no bill’ over water outages
Residents in the Eleuthera settlements of Tarpum Bay and Rock Sound yesterday complained that the Water & Sewerage Corporation left them with no supply for four days due to repairs and mechanical failure.
BPL boosts Briland to meet regatta demand
Bahamas Power & Light (BPL) yesterday said Harbour Island endured a planned outage so a 2.5 mega watt (MW) generation unit could be installed to meet demand ahead of the island’s regatta.
