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Report: Dire warning for The Bahamas if temps rise by 1.5 degrees celsius

THE country faces the threat of intensified tropical cyclones, sea level rise and declining freshwater resources if global temperatures exceed 1.5 degrees Celsius, a new report has warned.

'One-stop shop' for Bahamians to trade globally

A bank has unveiled an online trading platform to give Bahamian investors direct “one-stop shop” access to the US and global financial markets.Cornèrtrader, a subsidiary of Bahamas-based Cornèr Bank (Overseas) subsidiary, said the initiative was desi

'Imbalanced' criteria cuts Bahamas off from WTO grant assistance

A Cabinet minister has called for the Bahamas to receive grants and ‘soft’ loans to assist its integration into global trading regimes, arguing that an “imbalanced” criteria was being used to exclude it from such aid.

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Air Traffic Controllers halt operations for three hours

AIR traffic operations at the Lynden Pindling International Airport were halted for nearly three hours on Saturday morning after air traffic controllers refused to participate in heightened security protocol ordered by a United Nations agency.

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Burna Boy concert coming December 16

GLOBAL afro beats sensation Burna Boy will headline a musical extravaganza at Carnival Grounds next month.

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Immigration to trial bodycams

THE Department of Immigration yesterday announced the trial acquisition of a suite of surveillance equipment to bolster its enforcement services.

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DARE on crypto to ‘stay relevant’

The Bahamas has no choice but to embrace fintech and crypto assets if it wants “to remain relevant” in the global economy, a former attorney general warned yesterday.

Bahamas shrugs off FTX for perfect ‘40 out of 40’

The Bahamas yesterday shrugged off FTX’s implosion through what the attorney general hailed as the “enormous accomplishment” of a perfect score in the fight against financial crime.

Compliance officers meet with Commission

THE Bahamas Association of Compliance Officers (BACO) last week paid a courtesy call on the Securities Commission of tThe Bahamas (SCB) to continue talks on regulatory reforms and the critical role its members play.

Continuous blacklisting of the Commonwealth of The Bahamas by the European Union

Once again, I approach your reader’s desire to be heard on a matter that usurps itself - in a manner of adverse-ascendancy by the EU and without justification, I might add. A subject that I am anticipating will garner much buzz, as the political directorate has made the complaint known - and on the highest global level at the United Nations Security Council (UNSC) in New York recently.

Investment Funds Bill to plug 'gaps'

THE new Investment Funds Bill will address “substantive legislative gaps” that left the Bahamas compliant with just one out of five global regulatory principles.K Peter Turnquest, the Deputy Prime Minister, yesterday said the regulatory overhaul - de

IAN FERGUSON: Troubled youth must get second chance

THERE seems to be a global conversation about the plight of youth and employment. The Bahamas seems to be no exception, as the highest concentration of unemployed persons are aged between 15 and 24 years-old. Perhaps the cause for greatest concern is

PM targets 20% cut for electricity costs

The Prime Minister yesterday revealed the Government is targeting a further 20 percent reduction in electricity costs to below $0.20 per kilowatt hour via a combination of renewable energy and liquefied natural gas (LNG) related reforms.

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Airport is open and fully operational

LYNDEN Pindling International Airport remains open and fully operational, the Nassau Airport Development Company has advised. “The airport is not closing in the foreseeable future,” NAD said in a brief statement yesterday. “We are continuing to moni

Ex-PM renews attack on cost of living ‘crisis’

The former prime minister yesterday renewed his attack on the Government’s decision to reimpose VAT on so-called “breadbasket” food items by arguing this has “made worse” the cost of living crisis faced by many Bahamians.

Improves cyber security aids corporate resilience

It would be misleading to state or infer that cyber security management and compliance are easy tasks. These topics can often appear daunting to many top executives, small business owners and all those in between. To further complicate the discussion, there are so many acronyms, technology jargon, controls, regulations, codes of conduct and more that must be carefully analysed in an effort to create the safest environment for your privacy, communications, professional and personal data.

Securities Commission 'shifting the narrative'

The Securities Commission has joined a small group of regulators approved to be signatories to the International Organisation of Securities Commissions’ (IOSCO’s) new enforcement-related information-sharing agreement.The new Enhanced Multilateral Mem

Guava duff vendor triumphs in Entrepreneurship World Cup

A BAHAMIAN start-up with ambitions to take guava duff to an international audience says it recently won the local final of the Entrepreneurship World Cup.

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Euro is gaining

ActivTrades

Black Friday is behind us. But the rise of online shopping has reduced the importance of Black Friday as a single day event. What originally started in the US has become a global event.

PwC teams with Gov't for forensics workshop

PricewaterhouseCoopers (PwC) Bahamas teamed with the Attorney General’s Office on an initiative to boost the forensic and technical capabilities of local regulators.The accounting firm brought in several leading executives from its regional and globa