New twist to Clico saga

Company to shut off medical policy next month “Capitalism gone sour” is how Bishop Simeon Hall – advocate for Clico Policy holders, is describing the latest turn of events in the Clico debacle, which now leaves medical policy holders without coverage as of next month. The change means that policy holders will continue to pay their premiums at British […]

WTO accession closer

The government has invited small business owners to participate in a three-week program to engage in robust dialogue concerning The Bahamas’ accession to membership in the World Trade Organization (WTO). The Minnis administration has confirmed its intention to complete accession to the international organization by December 2019. Spearheaded by the Ministry of Financial Services, Trade […]

Major banks not pulling out

By Clint Watson Mounting concern this weekend went into viral mode as a reported statement circulated warning Bahamians that Royal Bank of Canada and Scotiabank were preparing to leave the country. The alleged statement advised customers to withdraw their funds in order to not lose their money having an outcome similar to the Clico fiasco. […]

Men outnumbered in job hunt

Women outnumber men in the registration and application for jobs, according to Director of Labor Robert Farquharson. In an interview with Eyewitness News at the latest ‘Labor on the Blocks’ job fair on Saturday, Farquharson said, with the exception of the construction field, women are turning up in higher numbers than men to apply for jobs, […]

Finance minister touts anti-money laundering conference

Deputy Prime Minster and Minster of Finance Peter Turnquest indicated that the government is currently drafting legislation to ensure the financial services sector continues to meet international expectations for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). In keeping with this mandate, Turnquest announced the launch of an AML/CFT conference during a press conference […]

Commercial Enterprise bill yielding significant dividends

The highly controversial Commercial Enterprise Bill that passed last year is yielding significant dividends in turning the tide in a turbulent economy, according to Attorney General. Senator Carl Bethel said the bill is already proving to be a success, with several applications having been approved for high-tech projects. Another large project, he said – when […]

Bahamians not first choice for employment in construction industry

The predominantly Chinese workforce of China Construction America (CCA) has prompted the head of the Bahamas Contractors Association (BCA) to lobby the government to “look out more” for Bahamians when it comes to securing construction job. In an interview with Eyewitness News Online, BCA President Leonard Sands said, “Who should be looking out for Bahamians […]