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DEREK SMITH: Make best strategic use of your Board’s directors
CORPORATE governance has been transformed over the past century from an ‘old boys clubhouse’ to a strategic asset focused on preparing a company to withstand future volatility in markets, human capital, competition, money laundering, cyber crimes and other factors. According to Forbes contributor Betsy Atkins: “When we look back five years from now, governance 4.0, the era of future-proofing, will seem the obvious thing we should have embraced sooner.”
Cotton Bay revival targeting $12m yearly wage, tax boost
REPRESENTATIVES of the developer behind the Cotton Bay Club’s $200m revival have forecast that the project will generate an annual $12m economic impact in wages and taxes alone when fully operational.
Lincoln Bain charged with unlawful assembly
POLITICAL hopeful Lincoln Bain was once again charged in court with unlawful assembly on Friday after protesting outside Baha Mar ahead of a CARICOM meeting on Wednesday.
DIANE PHILLIPS: When hallmark holidays exact a toll on our soul, just bring on the super sports
SUPER Bowl Sunday was enough excitement for the week so when Valentine’s Day rolled around 48 hours later, some of us just weren’t quite ready for another celebratory occasion, though there’s little doubt that restaurants were full, jewellery was flying off the shelf and you couldn’t find a red rose in town unless you spray painted it.
Businessman George Myers dies age 83
BUSINESSMAN, restauranter, and tourism mogul George Myers died peacefully at his home on Thursday at the age of 83.
Fidelity targets $25m annual profits despite 2022’s miss
Fidelity Bank (Bahamas) is targeting $25m in net profits for 2023 despite failing to achieve the same goal last year, its top executive revealed yesterday.
Alcohol, drugs and gambling
In Jesus put all your trust, all your belief, and all your heart.
GSSSA champions crowned
CI GIBSON RATTLERS SENIOR BOYS VICTORIOUS, CH REEVES RAPTORS JUNIOR GIRLS WIN TITLE
The CI Gibson Rattlers and CH Reeves Raptors have regained bragging rights as the senior boys and junior girls champions in the Government Secondary Schools Sports Association’s best-of-three basketball championship series.
Sports Notes
THE New Providence Volleyball Association will begin its best-of-five championship series at the Anatol Rodgers Gymnasium on Sunday.
Owls stop UB Mingoes 77-71 in North Miami
THE University of The Bahamas Mingoes stayed close with the Florida Palms University Owls and led by as much as nine points in the Skinner Classic action Wednesday in North Miami.
VAT health claims change may drain foreign reserves
THE changed VAT treatment on health insurance claims payouts could further drain The Bahamas’ foreign reserves by driving patients to seek care outside the country, a senior executive warned yesterday.
FRONT PORCH: Constitution matters and questions
“IT IS something which is very healthy and something which is very much in keeping with the democratic spirit of the country to periodically examine the Constitution and make changes which are likely to be to the benefit of the country over the long term.” – Sean McWeeney, chair, 2013 Constitutional Commission.
Bahamas ‘big part of the FTX puzzle’
FTX’s Bahamian operation was yesterday branded “a big piece of the puzzle that needs to get resolved” as its provisional liquidators successfully obtained US legal recognition for their ongoing investigations.
Hotel union eyes industrial agreement ‘red letter day’
The hotel union’s president yesterday said it will be a “red letter day” for its several thousand members when their now ten-year wait for a new industrial agreement with the main employer body is ended.
ARRESTS AT CARICOM: Lincoln Bain detained during Baha Mar protest, Tribune reporter’s phone taken by police officer
POLICE arrested activist Lincoln Bain as he and his supporters tried to demonstrate outside Baha Mar where regional leaders were gathered ahead of CARICOM meetings.
Man sentenced for two years for theft of $80
A MAN was sentenced to two years in prison yesterday after he admitted to stealing cash in a housebreaking in Andros late last year.
Rattlers win opener
SENIOR BOYS EARN 58-49 WIN OVER T-WOLVES, KNIGHTS BEAT CI GIBSON SENIOR GIRLS 47-46
After his senior girls got stunned by one point by the CR Walker Knights, CI Gibson Rattlers coach Kevin ‘KJ’ Johnson made sure his senior boys didn’t go down in the opening games of the Government Secondary Schools Sports Association’s best-of-three championship series.
Poultry farmer’s eight year land wait persists
AN ABACO poultry farmer was yesterday still waiting for the Government to give him ownership of his property despite the transaction being verbally approved by the Prime Minister.
NIB staring at $95m loss as pension deficit builds
A Cabinet minister yesterday warned the National Insurance Board (NIB) will lose $95m this year unless contribution rates are raised with the pensions branch alone incurring a monthly $4m deficit.
NIB fund on course to lose $95m this year
MYLES LaRoda, minister of state with responsibility for the National Insurance Board (NIB), warned that if there is no raise in the contribution rate this year the National Insurance fund will lose $95m.
