NASSAU, BAHAMAS — Nearly 90 percent of Bahamians support the granting of equal rights to Bahamian men and women and equal rights in passing on citizenship, a recent survey has revealed. The Voice of the People Survey conducted by Bahamian information and research company Intel Cay had more than 4,300 respondents. Queswell Ferguson, who heads […]
NASSAU, BAHAMAS — The Central Bank has extended its moratorium on new license applications for payment services providers and money transmission businesses until the end of 2021. The regulator in a notice said that “given the impact of the pandemic and ongoing adjustments in the sector, the moratorium will remain in place until the end […]
NASSAU, BAHAMAS — A Bahamian expert on financial regulations and international taxation was elected to sit on the leading international advisory committee on global tax standards for the Organization for Economic Co-operation and Development (OECD). Stephen Coakley-Wells, the director of Regulatory and International Affairs at the Ministry of Finance, was voted to the Steering Group […]
NASSAU, BAHAMAS — The Progressive Liberal Party (PLP) has raised serious concerns over the status of the Grand Lucayan hotel amid recent revelations that a forensic audit is being undertaken on the restructured proposal for the sale of the property. Senator Michael Darville, former Minister for Grand Bahama, in a statement yesterday noted that Michael […]
NASSAU, BAHAMAS — The country’s external reserves are forecasted to end the year at a higher level than 2019 with the cumulative decrease to be delayed to 2021, the Central Bank has reported, noting that balances are nevertheless poised to remain adequate to sustain the Bahamian dollar currency peg. The regulator in its Monthly Economic […]
NASSAU, BAHAMAS — The government will likely be in “deficit-spending territory” for the next three years as it grapples with the economic fallout from the COVID-19 pandemic, a well-known banker has opined. Gowon Bowe, the Fidelity Group’s chief executive, told Eyewitness News: “Ultimately, I don’t see a reduction in the deficit for three years. When we […]
But COVID-19 threatens progress PAHO and UNAIDS launch campaign to promote HIV self-testing WASHINGTON, DC — Annual deaths from AIDS-related illnesses declined by 37 percent from 2010 through 2019 in Caribbean countries while new yearly infections from the HIV virus dropped by 29 percent, the Pan American Health Organization (PAHO) said yesterday. Increased testing and […]
By Derek Smith Jr The management of risks has indeed been a crucial and complex undertaking for businesses globally. The efficient and effective management of these risks reflects corporate governance irrespective of the framework deployed by a business. Every business must protect themselves against risks of potential business interruptions by fully assessing their inherent risks, […]
NASSAU, BAHAMAS — Although the traditional Junkanoo parades have been canceled this year due to the COVID-19 pandemic, KFC Nassau yesterday announced it will be launching its own campaign for Junkanoo lovers to “get their creative juices flowing and have a chance to win big cash prizes”. KFC Nassau is challenging the Junkanoo community to […]
NASSAU, BAHAMAS — Despite the fallout and restrictions brought on by the COVID-19 pandemic, mobile rivals BTC and Aliv reported a strong surge in business during their recent “Black Friday” promotions. BTC CEO Garry Sinclair said: “BTC’s Blue Friday sales were excellent. We started our offers last Wednesday, and by early Friday morning, everything was […]
Last day of hurricane season NASSAU, BAHAMAS — The northwest Bahamas is expected to experience a strong cold front today, according to The Bahamas Department of Meteorology. In its forecast for today, the department advised that a high-pressure riding will gradually retreat eastward ahead of a strong cold front. The weather is expected to be […]
NASSAU, BAHAMAS — The Financial Action Task Force (FATF) has concluded its on-site visit to The Bahamas, which will now await its recommendations on the question of de-listing from the FATF “Gray List”. The visit was conducted partially in person and partially by virtual means, with the remaining eight members of the International Cooperation Review […]
NASSAU, BAHAMAS — Local businesses could save up to 75 percent in banking fees by embracing digital banking capabilities, according to a local banking executive. According to Gregory Stuart, director of corporate and commercial banking at Scotiabank, the global COVID-19 pandemic has prompted the bank to fast-track aspects of its own digital adoption programme, and […]
NASSAU, BAHAMAS — Oil exploration opponents said yesterday they are confident in their efforts to stop Bahamas Petroleum Company (BPC) from commencing oil drilling next month as they raised concerned over the company’s mobilization despite a notice of an impending legal challenge. The Our Islands, Our Future coalition, which is spearheaded by local activists including […]
NASSAU, BAHAMAS — Emergency measures to curb the spread of COVID-19 on Exuma were “unduly harsh” and caused “chaos and confusion”, the island’s member of Parliament stated yesterday. Exumas and Ragged Island MP and Progressive Liberal Party (PLP) Deputy Leader Chester Cooper said: “We saw that when the prime minister made the announcement of tighter […]
NASSAU, BAHAMAS — Association of Bahamas Marinas (ABM) President Peter Maury yesterday warned that The Bahamas “can’t afford any mistakes now“ as it aims to get its tourism sector back on track, telling Eyewitness News, “Any setbacks are really going to hurt us.” Maury said that from the marina operators’ perspective, the travel visa requirement […]
NASSAU, BAHAMAS — The Bahamas Commercial Fishers Alliance (BCFA) yesterday reiterated its support for legislation barring foreign nationals from working on Bahamian-owned boats, telling Eyewitness News that opposition to the proposed law “was to be expected”. Adrian LaRoda, BCFA president, told Eyewitness News, “Quite honestly the opposition to it was something to be expected because it […]
NASSAU, BAHAMAS — HubertEdwardsGlobal has announced the selection of its 2020 Leadership Excellence Award nominees. This year, the awards are to be made in memory of Dr Myles Munroe, former senior pastor of Bahamas Faith Ministries, author, international speaker and trainer. The 2020 awardees are Joan Albury, CEO of the Counsellors Limited; Pastor Mario Moxey, […]
