Majority compliance in FATF re-rating

AG: Major step forward for financial services sector NASSAU, BAHAMAS – The Financial Action Task Force (FATF) yesterday re-evaluated The Bahamas’ compliance with its anti-money laundering and counter-terrorist financing requirements and found the country compliant with the majority of its recommendations. The re-evaluation and increased compliance ratings are expected to stave off any sanctions from […]

Bowe: Despite IMF report, Bahamas still walks a “fine line”

NASSAU, BAHAMAS – Despite a recent review by the International Monetary Fund (IMF), which commended the government for several key policy initiatives, Gowon Bowe, the Chief Financial Officer at Fidelity Bank said the country still walks a fine line towards a promising economic state. “While it was a relatively upbeat synopsis of the visit, it […]

Fire delays opening of school in Rum Cay

A government delegation is headed to Rum Cay today to conduct an independent investigation a fire that erupted in the kitchen on the campus of Rum Cay All Age School on Saturday. During a press conference yesterday, Education Minister Jeff Lloyd said, details surrounding the cause of the blaze were unclear and, as a result, […]

Frank Smith case resumes today

Health Minister Dr. Duane Sands is expected to give testimony in the extortion case against former Progressive Liberal Party  (PLP) Senator Frank Smith which resumes today, Eyewitness News understands. Smith is accused of Extorting $60,000 from Barbara Hanna, owner of Magic Touch Cleaning Company. It is alleged that Smith assisted Hanna in obtaining a contract […]

Affordable Home Program case of poor planning, DNA says

Government’s affordable homes program is another case of poor planning and execution, according to the deputy leader of the Democratic National Alliance (DNA). Arinthia Komolafe said in a statement that the recent revelation that only fifteen per cent of the 60 applicants qualified for the serviced lots under the program is a classic case study. […]

BPL chairman claims no conflict with contract for his company

Newly appointed chairman of Bahamas Power and Light (BPL) Dr. Donovan Moxey says he sees nothing wrong with BPL awarding a contract to his mobile app company- Mobile Assist – if he removed himself from the decision-making process. In a press conference yesterday to which Eyewitness News was not invited, Moxey said he would have […]

Ministers lead delegation to Carnival cruise lines’ training facility in the Netherlands

A delegation led by Senator the Hon. Dion A. Foulkes, Minister of Labour and the Hon. Renward Wells, Minister of Transport and Local Government visited Carnival Corporation’s Center for Simulator Maritime Training (CSMART) facilities in Almere, The Netherlands from the 21 st to 24th August 2018. The ten-member delegation was briefed by Carnival Executives on the organizational structure, […]

Elnet Maritime Breaks Ground for New Center in Grand Bahama

FREEPORT, Grand Bahama – Minister of State in the Office of the Prime Minister, Senator Kwasi Thompson, said both foreign and local investors continue to display confidence in the Grand Bahamian economy by starting new businesses or expanding existing ones. Minister Thompson, who was the keynote speaker at the groundbreaking ceremony for Elnet Maritime Center […]

US Department of State Officials Pay Courtesy Call on Minister Symonette

NASSAU, The Bahamas — Officials from the US Department of State paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette (second left), on August 23, 2018.   Pictured from left: Permanent Secretary at the Ministry, David Davis; Minister Symonette; US Embassy Charge d’Affaires Stephanie Bowers; and […]

BPL union chief to CEO: apologize to staff

Trouble persists for Bahamas Power and Light (BPL) following the removal and subsequent replacement of its board of directors last week, as the union representing line staff at the power company has accused the chief executive officer (CEO) of mistreatment of his members. He is seeking an apology from the senior executive. President of the Bahamas Electrical […]

Comment on this article