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DEREK SMITH: Silicon Valley Bank’s failure shows risk management key

As a governance, risk and compliance professional, I must emphasise the importance of establishing a solid risk management framework to protect against possible catastrophic corporate failures. The current business environment is constantly evolving, and new risks are emerging. Therefore, adopting a robust risk management strategy is essential to protecting businesses from future uncertainties.

Air arrivals 100,000 off pre-COVID in ‘22

Air arrivals to The Bahamas in 2022 fell just 100,000 short of the 1.6m received in 2019 prior to the COVID-19 pandemic that shut tourism down for much of 2020 and 2021, it was revealed yesterday.

Donna Vasyli 'plans to spend time with her family' after acquittal

AFTER being acquitted of the murder of her husband after a more than five-year long court battle, Donna Vasyli plans to spend time with her family before deciding what she wants to do with her life, according to one of her attorneys.

Clubs and Societies

THE Bahamas Red Cross Society Annual Fair is back. After three years of not being able to hold this popular Bahamian tradition, the 79th Annual Red Cross Fair will celebrate in unison with the country as the country celebrates its 50th anniversary of Independence.

Room capacity challenges as tourism numbers grow

TOURISM numbers are looking very promising ahead of spring break, according to Ministry of Tourism deputy director general Dr Kenneth Romer, who cited room capacity as a major challenge because of high hotel occupancy levels.

Report: Dire warning for The Bahamas if temps rise by 1.5 degrees celsius

THE country faces the threat of intensified tropical cyclones, sea level rise and declining freshwater resources if global temperatures exceed 1.5 degrees Celsius, a new report has warned.

Sir Franklyn: Gas retailers have ‘made case for relief’

FOCOL’s chairman yesterday agreed that Bahamian petroleum retailers have “made their case for immediate relief” despite a Cabinet minister dismissing any prospect of an increase in gasoline and diesel margins.

Stopovers beat pre-COVID for first time in January ‘23

Monthly air arrivals exceeded pre-COVID figures for the first time in January 2023, a senior tourism official said yesterday, while revealing that stranded or in-transit passengers have been unable to find hotel rooms in Nassau.

Economic optimism ‘should be tempered with discipline’ says Halkitis

WHILE acknowledging the increase in government revenue, Economic Affairs Minister Michael Halkitis said optimism in the country’s economic growth should be tempered with discipline.

Chinese Embassy counters US claims (Updated with US statement)

THE CHINESE Embassy in The Bahamas has countered claims over the size of its embassy in the nation – and about its mission in The Bahamas.

DONNA VASYLI IS ACQUITTED: Jury clears Australian accused of murdering husband in Old Fort Bay

DONNA Vasyli was said to be “overwhelmed with joy” after she was acquitted of murder last night in the retrial for the 2015 stabbing death of her millionaire podiatrist husband Philip Vasyli.

Bail set at $2,000 for injuring woman

A MAN was granted $2,000 bail in court yesterday after being accused of injuring a woman last week.

Powerade Potcakeman Triathlon livens up Jaws Beach on calm day

THIS year’s Powerade Potcakeman Triathlon took place at Jaws Beach on a beautiful, calm day on March 5. Around 90 athletes entered the race with participants ranging from seven to 76 years of age.

BPRA says 'stay tuned' as gas retailers soon to take action

MEMBERS of the Bahamas Petroleum Retailers Association (BPRA) say they intend to soon take action to get government’s attention to their cries for a long-awaited margin increase, arguing that they can no longer afford to operate on the current margin regime due to increasing costs.

Nassau/PI resorts enjoy 112% room revenue rise

Leading Nassau/Paradise Island resorts have revealed that 2022’s room revenue more than doubled year-over-year as the industry benefited from the post-COVID travel rebound.

Raptors, Knights in lead after day 1

GSSSA TRACK & FIELD CHAMPIONSHIPS

Day one of the Government Secondary Schools Sports Association (GSSSA) Track and Field Championships ended with the C.H. Reeves Raptors and C.R. Walker Knights ahead of their respective divisions.

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