NASSAU, BAHAMAS — Central Bank Governor John Rolle yesterday reassured that the country has adequate foreign reserves, noting that this nation has the tools to manage the reserves if more challenges arise. Deputy Prime Minister K Peter Turnquest expressed confidence the government will be able to meet foreign exchange requirements during a Ministry of Finance […]

NASSAU, BAHAMAS — A Bahamian digital payments provider has seen 50 per cent of the businesses currently on its platform register during the COVID-19 pandemic, with over 7,000 users in its system. Scieska Adderley, Public Relations and Communications Manager at Kanoo said: “As a company, we’re excited and proud to say that more than 140 […]

NASSAU, BAHAMAS — The Central Bank is preparing to make the Sand Dollar available nation wide by the end of the third quarter of this year, Deputy Prime Minister and Minister of Finance K Peter Turnquest revealed yesterday. Turnquest was addressing Parliament on the proposed legislative reforms to Central Bank Governance, Financial Sector Crisis Management […]

NASSAU, BAHAMAS — Acting Controller of Inland Revenue Gaynell Rolle yesterday acknowledged that individuals applying for a new business license have experienced delays due to the breach at the Registrar General’s Department. However, Rolle told Eyewitness News the challenges have been resolved “to a comfortable extent’. She pointed to challenges impacting an individual’s ability to […]

NASSAU, BAHAMAS — Major health insurer Generali is set to exit the Bahamian market by year’s end 2021, Eyewitness News has confirmed. Multiple insurance industry sources have confirmed that Generali last week gave notice of its intentions to exit by December 2021, a move that came as a surprise to many. While numerous attempts to […]

NASSAU, BAHAMAS — Equinor has pushed back against allegations of ‘negligence’ over a major oil spill last September, asserting that the incident was an extraordinary occurrence which constituted an “act of God”. The Norwegian state-owned multinational energy company in its filed defense against a lawsuit brought by two joint venture companies involved in mining aggregate on Grand […]

Calls fraudulent deeds issue ‘a real life nightmare’ NASSAU, BAHAMAS — Local developer Arawak Homes yesterday that there are dozens of fraudulent lands deeds covering most of New Providence, describing the situation as a ‘a real-life nightmare’ as the culprits often go on to claim persons homes and property. Tavares Laroda, Arawak Homes’ general counsel said […]