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IMF: ‘Progress’ but more needed on crisis regime
The International Monetary Fund (IMF) has praised The Bahamas for “considerable progress” in developing a regime to prevent and address banking industry failures but also warned much work remains to be done.
Cooper assures ‘no Fyre Festival’ coming here
AS the Fyre Festival makes international headlines over a potential reboot, Tourism Minister Chester Cooper gave an assurance yesterday that the event would never be approved again in The Bahamas.
PM: ABORTION IS PERSONAL CHOICE – In the case of rape it’s a ‘medical matter’ Davis ‘would have to consider’
PRIME Minister Philip “Brave” Davis said he believes abortion is a personal choice.
NFL Flag Bahamas in search of more coaches, officials
NATIONAL Football League (NFL) Flag Bahamas continues to make preparations ahead of the flag football season, this time hosting an officiating and coaching clinic next month.
Family Islanders make appeal for better baseball facilities
FAMILY Islanders are making a special appeal to the government for better baseball facilities on their respective islands.
DeMarco: ‘We should not take this for granted’
AS the FIBA Pre-Qualifying Tournament came to a close on Sunday night with the Bahamas winning the title over Argentina, a few players were highlighted for their performances.
Bahamas to upgrade renewable road map
The Government yesterday signed an agreement to "update" the road map for ensuring that 30 percent of The Bahamas' energy needs are derived from renewable sources by 2030.
VAT’s $350m gap causes ‘challenge’
A governance reformer yesterday acknowledged it would have been a “challenge” for the Government to bridge the $350m gap to its full-year VAT target during the final two months of the 2022-2023 fiscal period.
Promotion Board chief: 'Revenge tourism' over
The Nassau Paradise Island Promotion Board's (NPIPB) chief executive yesterday said the destination requires a "concerted marketing effort" to outpace the competition now that post-COVID “revenge tourism is over".
IMF: Bahamians need more protection from bank failure
Bahamian depositors have inadequate protection against “the failure of the largest credit union or any medium-sized bank”, the IMF is warning, as it urged that coverage more than double in percentage terms to $120m.
DPM targeting ‘best year in Bahamas history’ on tourism
The deputy prime minister yesterday predicted that “barring an act of God” this nation can look forward to the “best year ever in the history of The Bahamas” with tourist arrivals 30 percent up on pre-COVID highs.
‘Flabbergasted’ at Royal Caribbean’s PI approval
A Bahamian environmental advocate yesterday said she was “flabbergasted” that Royal Caribbean’s Paradise Island project has been given the go-ahead, adding: “I don’t understand how they think they’re going to pull it off.”
Central Bank advancing financial crisis ‘playbook’
The Central Bank’s governor yesterday asserted The Bahamas “is advancing efforts” to guard against a domestic financial crisis with the authority set to oversee these efforts potentially formed “within the next six months”.
Domes to be repurposed, ‘not suitable for humans’
DISASTER Reconstruction Authority executive chairman Alex Storr said the authority no longer supports using domes as temporary homes, finding the structures unsuitable for “human occupation”.
Royal Caribbean: Don’t hold us to higher standard than Atlantis
Royal Caribbean asserts it would be “highly inappropriate” to hold it to a higher standard than Atlantis and other developers with its Bahamian head optimistic there will be no “conflict” with the Paradise Island mega resort.
Minister Bowleg: ‘There were tears of joy to see this come to a reality’
MINISTER of Youth, Sports and Culture Mario Bowleg said he was pleased with what he saw from the men’s national basketball team in La Banda, Argentina.
More downtown property owners eye demolitions
The deputy prime minister yesterday said more owners of derelict downtown Nassau properties have been approaching the Government since demolitions began to inquire if their buildings can be taken down too.
EY Bahamas announces new Bahamian CPAs
EY Bahamas yesterday announced that two young Bahamian employees, Crispin Hanna and Justin Campbell, have earned their Certified Public Accountant (CPA) designations.
Boat registration hikes are 'too big of a jump'
Abaco marina operators and vessel owners say the hike in boat registration fees is causing confusion and is simply "too big of a jump" that many will struggle to pay.
School roof failure exposes Contractors Board absence
The Bahamian Contractors Association's (BCA) president yesterday said the recent collapse of roof trusses at R. M. Bailey senior high school again exposes why the Government should “expeditiously appoint” the Contractors Board.
