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Prime Minister Philip Davis - Contribution to the Public Finance Management and Public Procurement Bills
March 20, 2023
Prime Minister Philip Davis - Contribution to the Public Finance Management and Public Procurement Bills
Madam Speaker:
Sound financial management principles are a cornerstone of my administration’s efforts to improve the government’s fiscal health. Today, we are here to repeal and replace the Public Finance Management Act 2021.
March 20, 2023
Former Oban chair accused of misappropriating investor funds
The US Securities and Exchange Commission has accused Peter Krieger, the former non-executive chairman of Florida-based Oban Energies, of misappropriating $5.2 million of Oban investor funds between 2017 and 2020.
Meeting with fuel retailers was 'fruitful'
March 15, 2023
Meeting with fuel retailers was 'fruitful'
AFTER meeting with gas retailers on Monday to discuss their concerns amid rising costs, Prime Minister Phillip "Brave" Davis said he believes the discussions with the group were "fruitful" and added he is hopeful that his administration will be able to reach within the next two weeks an amicable solution for the benefit of all.
March 10, 2023
Jetting off to JITG: Nassau Guardian/Star Hits winner opts to pay it forward
Taking in all the action that is JITG will be many Bahamians who are flocking to the City of Miami Gardens for this weekend's festival, courtesy of The Nassau Guardian and Star 106 Hits. Walking away with this year's grand prize - concert tickets for two nights, airfare on Bahamasair, accommodations at Hotel Dello, Dania ...
The post Jetting off to JITG: Nassau Guardian/Star Hits winner opts ...
March 07, 2023
Carbon credit exchange eyeing SCB green light in April
Global environmental asset validator, registry and exchange Capturiant, which has received conditional approval to operate in The Bahamas, is hoping to solve the problems associated with "scandal and inefficiency" that currently exist in the carbon credits market. Capturiant has received conditional approval by the Securities Commission of The Bahamas (SCB) to act as an exchange, ac...
February 28, 2023
Central Bank reports $30 million January decline in external reserves
NASSAU, BAHAMAS- The country's external reserves declined by $30 million in January according to the Central Bank, with outflows increasing by just over 21 percent. The regulator in its monthly economic and financial developments report for January noted that during the review month external reserves reduced by $30 million to $2,564.7 million, although this was [...]
Response to Nairn's NIB proposal
February 24, 2023
Response to Nairn's NIB proposal
Dear Editor, While I am in wholehearted agreement with Lindon Nairn regarding the need for immediate and drastic action to fix the National Insurance Board (NIB), I am not convinced by his proposed solutions. Firstly, yes, the failings of NIB are based primarily on "political interference", as he states. Now, I would ask what is ...
The post Response to Nairn's NIB proposal appeared first on The N...
February 23, 2023
STB objects to South Riding Point sale; claims cleanup incomplete
Environmental group Save The Bays (STB) is calling for a pause in the sale of Equinor's South Riding Point facility until the company has completed the cleaning of the oil spill caused by Hurricane Dorian.
Equinor sells South Riding Point oil terminal in GB
February 22, 2023
Equinor sells South Riding Point oil terminal in GB
Equinor is selling its South Riding Point oil terminal in Grand Bahama and has entered into an agreement with European liquid fuels terminal operator Liwathon for the purchase of the terminal.
IMF paper points to Sand Dollar risks
February 22, 2023
IMF paper points to Sand Dollar risks
Pointing to potential risks of the Sand Dollar, the International Monetary Fund (IMF) said in a new working paper that the central bank digital currency (CBDC) could pose risks to financial intermediation, integrity, and cybersecurity despite its limited use to date.
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