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DEREK SMITH: Companies must adapt to governance changes

This year, governance, risk and compliance (GRC) will continue to evolve rapidly, driven by technological advances, evolving regulatory environments and changing economic conditions. Gartner projects $205bn in end-user spending on risk management and cyber security in 2024, an increase of 14.3 percent from 2015. GRC programmes will become ever-more important as the regulatory landscape becomes more complex.

Graycliff workers enjoy 20% pay increase over five years

The hotel union’s president says the newly-signed industrial agreement with Graycliff will give 50 workers a 20 percent pay rise spread over five years and place them in a “more stable position”.

Hotel union signs industrial agreement with Graycliff

THE Bahamas Hotel Catering and Allied Workers Union signed a five-year industrial agreement with Graycliff Hotel and Restaurant on Friday.

Petroleum retailers fear ‘another nail in the coffin’

Bahamian petroleum retailers yesterday voiced fears that full Business Licence audits will be “just another nail in the coffin” as they push to meet with the Prime Minister over demands for a margin increase.

Boat registration hikes ‘life and death matter’

The Opposition’s finance spokesman yesterday blasted the “cruel” magnitude of the boat registration fee hikes which he branded “a matter of life and death” for his constituency’s subsistence fishermen.

GAMETIME: In the return of the Government Secondary Schools Sports Association’s 2023/24 basketball season after …

BPSU vote results are not ratified

THE registrar of trade unions declined to certify the results of the Bahamas Public Services Union (BPSU) election after investigating complaints about irregularities, according to Labour director Howard Thompson.

Family hires lawyer after man’s Grand Bahama Shipyard fall

A MAN who fell 60ft from a tanker at the Grand Bahama Shipyard on December 16 has had two surgeries and doctors expect to soon operate on his leg.

Cobras rout Pacers 80-39

The CC Sweeting Cobras senior boys’ basketball team, fresh off their semifinal appearance in the Providence Basketball Club’s Yuletide Classic, made mince meat of the well-rested RM Bailey Pacers.

Four men charged over $2.9m worth of marijuana

FOUR MEN were granted bail yesterday after they were allegedly found with $2.9m worth of marijuana off the coast of Ragged Island last week.

PM renews call on climate financing

The Prime Minister has renewed his charge that there is a “disparity” between the climate changes pledges made by developed countries and the financing required by small island states such as The Bahamas.

PM spokesman defends $2 tourism expansion

The Prime Minister’s spokesman last night said the $2 levy all Bahamian travellers must now pay will be used to finance further development of this nation’s tourism product for the benefit of all.

STATESIDE: Biden and Trump continue to surge despite various issues and criticisms

What a curious year this promises to be in American politics.

Melia middle managers’ dismissal claim survives

A wrongful dismissal claim by 50 middle managers at the former Melia Nassau Beach Resort has been permitted to survive “so that justice may not only be done but be seen to be done”.

Central Bank ease ‘won’t open mortgage avenue’

The Central Bank’s recently-unveiled regulatory easing is unlikely to “open up a new avenue of mortgages” being issued to Bahamian home buyers, a senior banker said yesterday.

‘Monitoring of some criminals after sentence a consideration’

SOME convicted criminals could be labelled dangerous and ordered to be electronically monitored for up to 20 years after serving their sentence, according to National Security Minister Wayne Munroe, whose ministry is consulting stakeholders on the matter.

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