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DEREK SMITH: Combine AI with human expertise on compliance
Regulatory compliance is undoubtedly a key component of trust between institutions and consumers in the financial services industry. Thus an important question facing corporate governance professionals in the era of fintech (financial technology) innovation is whether to invest in Artificial Intelligence (AI) for compliance or rely on the traditional expertise of risk and compliance professionals.
‘Nothing to ease pressure’ over high insurance costs
Bahamian insurers are warning there is “nothing that will ease the pressure” on soaring catastrophe coverage costs as they nervously await the total damages and insured losses from Hurricane Idalia’s strike on Florida.
‘Road map’ for 5G plan amid Starlink pushback
Regulators have pledged “to develop a road map” for deploying 5G (fifth generation) technology in The Bahamas amid continuing concerns from the two incumbent operators about the arrival of Elon Musk’s Starlink.
Building material suppliers watching for Idalia fall-out
Bahamian building materials costs and availability could come under pressure from post-Hurricane Idalia reconstruction on Florida’s west coast, local suppliers have warned.
Jet ski operator charged with indecent assault
A jet ski operator was granted bail after he was accused of groping a female tourist’s private parts on Paradise Island last week.
DIANE PHILLIPS: The high cost of power
THE predictable mid-month e-mail from BPL landed in my inbox. Trying to ignore its presence, I continued working, aware it was sitting there, waiting to be opened. As usual, I was slightly curious but knowing it would set me back I weighed the hope for a miracle against the dread of knowing it was summer (the bedroom air conditioning was running at night) and the sinking feeling the bill was probably going to be a little higher than last month’s which was bad enough.
ONE ELEUTHERA FOUNDATION – The need to strengthen the trades
This week, Ministry of Education officials released concerning news about the continued decline in the Bahamas General Certificate of Secondary Education (BGCSE) national examination results.
Pain and sadness on Dorian anniversary
THE anniversary of Hurricane Dorian still conjures pain and sadness for many people in Abaco and Grand Bahama.
BISX fund eyeing up to $10m warehouse raise
A BISX-listed real estate yesterday said it plans to raise up to $10m within the next six months to finance development of its Carmichael Road warehouse after profits near-doubled during the 2023 first-half.
UN specialist warns on storm debt cycle
A United Nations (UN) foreign debt specialist yesterday disclosed that The Bahamas is still paying off borrowings related to three post-hurricane restorations with the country facing “almost unbelievable pressure” from climate change.
Gov’t spending reform is ‘absolute necessity’
The Opposition yesterday branded reform of government spending as an “absolute necessity” as it argued that the $804.5m increase in total expenditure compared to pre-COVID levels is “possibly unsustainable”.
Sebas teams with University of The Bahamas to solve ‘dire need’ for skills
Island Luck’s co-founder yesterday teamed with the University of The Bahamas to launch the ‘Smarter Bahamas’ initiative that aims to solve the “dire need” for enhanced technology skills among local workers.
With Aliv Business Makeover campaign companies can win up to $90k in prizes
BUSINESSES can win up to $90k in prizes to help their enterprises grow as part of Aliv’s Ultimate Business Makeover campaign.
Gov’t told: Avoid ‘piecemeal approach’ over tax reforms
The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”
Tears of joy for Evans family at Coroner’s Court ruling
THE family of Deangelo Evans burst into tears of joy after a Coroner’s Court jury ruled yesterday that the 20-year-old’s police-involved shooting death in 2018 was a homicide by manslaughter.
SHAUNAE CRUISES TO WIN IN ZURICH: Miller-Uibo clocks 51.83 in 400 metres
It didn’t take Shaunae Miller-Uibo that long to get her legs back under her. In fact, in just her second international meet since having her baby boy on April 20, she said it’s all about getting ready to defend her women’s 400 metre title at the Olympic Games in Paris, France.
Eugene Horton seeks another term in office as BBF president
WITH some unfinished business since moving up from first vice president to president during the middle of the past four-year term in office, Eugene Horton will be seeking another tenure at the helm of one of the country’s most fledgling sporting bodies.
The Minister of Works should have resigned
I can’t speak for anyone else, but every time I see Alfred Sears, Minister of Works on TV or in the daily newspaper, I see the Face of Failure, absolute and complete failure. It’s been over a year now since he was unable to locate his magical email on the IDB Hedge Programme for BPL fuel. As reported in the daily newspaper on December 9th, 2022, Mr. Sears finally admitted that he had indeed received the emails from BPL fuel hedge committee on October 9, 2021. So, it took Mr. Sears 425 days to locate emails after repeatedly saying he had no knowledge of these emails.
Sebas in ‘tax-free zip code’ Aeropost plan
Island Luck's co-founder yesterday said his Aeropost e-commerce platform will differentiate itself from rivals by adding freight-forwarding capabilities that employ a "tax-free zip code" to offer clients better rates.
STATESIDE: The history of abortion issue in the US
THERE has been reporting and commentary in The Tribune in recent days about some issues that are important to a lot of women here and in the United States. (And to a lot of men, too).
