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Combined insurance act almost consultation ready
REFORMS that will combine existing laws governing the insurance industry into one comprehensive Act are close to completion and release for public consultation, regulators said yesterday.
Small business tie-up eyed for green, blue economies
ENVIRONMENTAL consultants yesterday said they were working on initiatives to unlock the potential of the so-called ‘blue’ and ‘green’ economies for The Bahamas’ long-term benefit.
Accountant shortages drive sector challenge
THE BAHAMAS Institute of Chartered Accountants (BICA) president yesterday said the industry is experiencing its own version of inflation as remuneration rates.
WEDNESDAY UPDATES: Hurricane Nicole
Speaking this evening, Acting Prime Minister Chester Cooper said in Eleuthera, Andros and New Providence “schools and universities will resume classes tomorrow (Thursday) and all government workers are asked to return to duty.
EDITORIAL: Double blow to economic hopes
WHILE all eyes have been on the storm rolling towards Grand Bahama and Abaco this week – understandably given the destruction those islands experienced in Hurricane Dorian – there has also been economic turbulence to keep a watch on.
PM: Climate issues will only get worse
PRIME Minister Philip “Brave” Davis told heads of government that as the world enters a new climate era, the situation will only get worse requiring binding commitments instead of statements alone that have been used to postpone real action.
No resolution over food price control ‘stalemate’
The Bahamian food distribution industry was last night said to have reached a “stalemate” over efforts to strike a price control deal with the Government via a 1,000-strong product list designed to “more than half-way” meet its demands.
‘Rethink’ Lucayan deal via complex break-up
A former Grand Lucayan Board member yesterday urged the Government to “rethink” its strategy for selling the resort by splitting up the complex and re-opening the largest hotel property.
‘Bump in the road’: Nicole costs Nassau 27k visitors
Nassau Cruise Port’s top executive yesterday said Tropical Storm Nicole has likely cost the capital some 27,000 visitors this week after almost one-third of its vessel arrivals cancelled.
Electric disconnections suspended in storm islands
BAHAMAS Power and Light has suspended electricity disconnection in islands subject to storm warnings, Works and Utilities Minister Alfred Sears said yesterday.
‘FTX forced sale will not undermine’ nation plans
The seemingly-forced sale of The Bahamas’ flagship digital assets investor will not undermine the country’s ambitions to become a major “hub” in this space, a prominent banker argued yesterday.
Baha Mar’s contractor: ‘Fake’ your work better
A senior executive with Baha Mar’s main contractor urged employees to better conceal “fake” construction work amid assertions that it failed to “properly perform” its duties to the project and its original developer.
36 people evacuated from Sweeting’s Cay
THIRTY-SIX residents from Sweeting’s Cay were evacuated yesterday afternoon from East Grand Bahama where coastal flooding is expected to occur with the passage of Tropical Storm Nicole.
‘Anxious’ Abaco residents seek out shelter
SOME residents of temporary homes in Abaco sought shelter ahead of Tropical Storm Nicole’s arrival, with one woman saying she was “very afraid” and had an “anxiety level of 1,000”.
Hospitals ‘ready’ for storm
PUBLIC Hospitals Authority officials say they are prepared in the event of an increase in patients due to Tropical Storm Nicole.
‘Building Holistic Champions'
RED-LINE ATHLETICS TRACK CLUB HOSTS ANNUAL MOTIVATIONAL, HEALTH AND WELLNESS SEMINAR
IN an effort to continue to sensitize its athletes to a holistic approach to track and field, the Red- Line Athletics Track Club hosted its third annual Motivational Health & Wellness Seminar 2022.
DPM: We couldn’t let $100m Grand Lucayan buyer stall
THE deputy prime minister yesterday said the Government had grown tired of the prospective $100m Grand Lucayan buyer constantly stalling over the deal by repeatedly asking for due diligence extensions.
Commission eyes 20 DARE Act registrants
THE Securities Commission’s top executive yesterday said the regulator expects to have 20 entities registered under the Digital Assets and Registered Exchanges (DARE) Act by year-end 2022.
Ex-minister: ‘Very little we can do to combat inflation’
A FORMER Cabinet minister yesterday said “there is no benefit” from the Central Bank raising local interest rates to fight inflation because rising prices are largely “imported” by The Bahamas.
TUESDAY'S UPDATES: Tropical Storm Nicole
he Bahamas Department of Meteorology says Tropical Storm Nicole is likely to become a hurricane by Wednesday, weather conditions continue to deteriorate and life-threatening sea conditions persist in the Northwest Bahamas.
