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BDB’s funding ‘drought’ end with $30m recapitalisation
The Bahamas Development Bank’s (BDB) near two-decade funding “drought” will end through a $30m recapitalisation from the Africa Export-Import Bank.
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Downtown valet parking seeking permanent spot
The valet parking service implemented for downtown Nassau is aiming to become a permanent feature this Christmas as demand for its service grows.
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Sebas e-commerce platform launches courier services
The e-commerce provider owned by Sebas Bastian and his partners has confirmed its expansion into freight forwarding services via a sales tax-free US address.
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DEREK SMITH: How to combat threats to corporate reputation
One of the most significant threats to a company’s long-term viability is reputation risk. This is often referred to as the risk stemming from negative public perceptions. The consequences of a tarnished reputation can be severe and lasting, regardless of how well a company performs in other risk management areas.
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Gov’t initiates drain cleaning for downtown flooding relief
The Government is targeting several sectors of downtown Nassau for “short-term fixes” that may provide “temporary relief” from flooding that has plagued the area for decades.
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$30m capitalisation approved for Bahamas Development Bank
BAHAMAS Development Bank (BDB) Chairman Senator Quinton Lightbourne on Friday said the Cabinet has approved $30m capitalisation for the bank.
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Events to be held across the nation for National Youth Month
THE kickstart of National Youth Month was announced by Youth, Sports, and Culture Minister Mario Bowleg on Friday.
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Clubs & Societies: September 29, 2023
On Monday, September 8, the Kiwanis Club of Over-The-Hill continued its annual scholarship donation of $2,000 to BTVI’s scholarship fund. Initially, our focus was the Old Bight High School graduates and active Key Club members on Cat Island. We have since opened the scholarship to any eligible Family Island High School graduates.
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DIANE PHILLIPS: Creative solutions needed to address society’s inequities
A MAN sleeps in his car, hoping it will not rain tonight so he can keep the windows open. Not far away, a few miles along the coast, another man writes a cheque for $3.2m for a beachfront condo he will use six weeks of the year.
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Wynn agrees to ‘quashing’ first penthouse approvals
The developer of a 14-storey Goodman’s Bay penthouse complex has restarted its bid for planning permission after agreeing that the initial approvals granted to the project should be “quashed”.
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‘Lucrative prospects’: ArawakX refutes $2.4m insolvency woes
The Bahamas’ first-ever crowd-funding platform is asserting it has “lucrative prospects” rather than a $2.4m solvency deficiency as it bids to defeat the Securities Commission’s bid to wind-up its operations.
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AG brands The Bahamas’ insolvency regime ‘a joke’
The Attorney General yesterday branded The Bahamas’ corporate insolvency regime as “a joke” and pledged to reform outdated laws and regulations that continue to undermine the financial services industry’s competitiveness.
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Regulator: Financial crime gaps up to 60% of licensee weakness
The Securities Commission’s top executive yesterday revealed that anti-money laundering and counter-terror financing non-compliance accounts for between 40-60 percent of licensee deficiencies.
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Corporate income tax for Bahamas ‘mammoth task’
A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.
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Ferguson unofficial winner of BPSU votes
BAHAMAS Public Services Union president Kimsley Ferguson and his team unofficially won the BPSU’s latest election.
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INGRAHAM TO FNM: SIT OUT BY-ELECTION ...but party will run after decision by council members
FORMER Prime Minister Hubert Ingraham advised Free National Movement leader Michael Pintard not to contest the upcoming by-election for West End Grand Bahama and Bimini.
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Fidelity Bahamas Optimist Championship starts today
YOUNG Bahamian sailors from New Providence, Eleuthera, Harbour Island, Abaco, Exuma, Long Island and Grand Bahama will compete in the Fidelity Bahamas Optimist Championship for the title of national optimist champion this weekend. Sailors from the US as well as the Cayman Islands will also be competing in this international event to be held in Montagu Bay.
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Family Island land solution growth key
Resolving land issues in the Family Islands is a key component of the National Development Plan, one of its key architects said.
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Doctor’s PI expansion tied to Royal Caribbean
A Bahamian doctor yesterday revealed he aims to capitalise on Royal Caribbean's beach club by expanding to Paradise Island with his third footwear store when that project opens in 2025.
