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Banks must hit key performance indicators before checks eliminated
Central Bank Governor John Rolle confirmed earlier this week that more work will be done to ensure local banks are able to settle digital transactions faster, with better cost efficiency and in greater numbers, before it moves to completely eliminate checks.
Public clinics should not be cashless
Public clinics should not be cashless
Dear Editor, Kindly permit me to offer my comments in respect to remarks made by the Health and Wellness Minister Dr. Michael Darville that the public health clinics will be going cashless.
'We saved the day for FTX investors'
'We saved the day for FTX investors'
Addressing a forum in Washington, D.C., yesterday, Prime Minister Philip Davis defended Bahamian regulators and declared that the legislative regime The Bahamas has in place "saved the day" for investors into the now-collapsed Bahamas-based FTX cryptocurrency exchange.
Law already deals with 'rape' in marriage
Law already deals with 'rape' in marriage
Dear Editor, Recently, the print media has been reporting, albeit anonymously, divorce/family proceedings held in the Supreme Court. Such reporting appears to be novel as over the years one rarely expected to read about proceedings held in the family division of the Supreme Court.
FTX debtors and JPLs reach agreement
FTX debtors and JPLs reach agreement
The Bahamian liquidators of Bahamas-based FTX Digital Markets and the new CEO of FTX's US companies have reached an agreement over access to data following weeks of verbal sparring between the two camps.
Statement on the Use of SDRs by the Government of The Bahamas
The Ministry of Finance is aware of statements in local journals on 4 January 2023 characterizing the Government's use of Special Drawing Rights (SDRs) as "borrowing" or “printing money”which are misleading.
Court throws out 'Hollywood' case, citing jurisdiction
A U.S court has dismissed a case termed "straight out of a Hollywood script" involving a top law firm, an offshore bank and a $14 million inheritance, citing lack of jurisdiction.
Commissioner 'frustrated' by court system problems
Commissioner 'frustrated' by court system problems
POLICE Commissioner Clayton Fernander says he's frustrated by the court system, as he recounted how a man was out on bail within days after his arrest for possession of a weapon on two separate occasions.
Rolle: Central Bank addressing 'pain points' surrounding elimination of checks
Central Bank Governor John Rolle said yesterday that the bank is "very cognizant of the pain points that need to be addressed", particularly surrounding electronic payments in lieu of checks. He was responding to questions posed by Guardian Business regarding concerns of the private sector surrounding the elimination of checks.
Police report rise in fake checks
Police report rise in fake checks
Bahamasair and the National Insurance Board are among the agencies whose logos have been used on fraudulent checks, police reported yesterday.