Local Business


Regulators: Digital assets still volatile

BAHAMIAN regulators yesterday warned that digital assets remain “volatile” despite having significant potential to transform this nation’s financial services industry.


THE Education Loan Authority’s (ELA) outstanding loans have decreased in number by 21 percent or almost 1,000 since 2018, its chairman said yesterday.

Bahamas in ‘another place’ if local digital asset access

A BLOCKCHAIN entrepreneur yesterday argued that Bahamians must be given access to assets and structures this country has offered to non-nationals if it is to move financial services to “another place”.

Tease photo

Judge calls for criminal probe into attorney’s ‘possible fraud’

A Supreme Court judge has urged the director of public prosecutions to investigate an attorney for “possible fraud” over a series of six-figure transactions involving the same real estate parcel.

Tease photo

BTC facing ‘day by day’ fight on mobile rebound

The Bahamas Telecommunications Company (BTC) faces “a real day-by-day fight” to reclaim mobile market share lost to Aliv, its newly-appointed chief executive has admitted.

Tease photo

Realtor moves into new territory: $3bn projects ‘on table’

A leading realtor yesterday acknowledged he has taken a risk in stepping outside the profession to launch a venture that has $3bn in potential projects “on the table”.

Tease photo

Minister tells cruise lines: ‘Don’t dump’ on Nassau

A Cabinet minister yesterday urged the cruise lines to “not dump on the destination” given that they often created “insurmountable thresholds” for Bahamian entrepreneurs to do business with them.

GB Power's $15m recoup generates mixed verdict

Grand Bahama businesses yesterday gave a mixed verdict over Grand Bahama Power Company's (GBPC) move to recover $15.6m in Dorian restoration costs via an extra charge to their bills.

Bahamas 'leveraging all' avenues over arbitration

A Cabinet minister yesterday said The Bahamas is "leveraging all avenues" to establish itself as an international arbitration centre and exploit alternative dispute resolution (ADR).

Bahamas leads Caribbean in 'on-time' VAT compliance

The Bahamas had the "highest on-time" VAT filing rates in the Caribbean prior to the rate being increased to 12 percent in 2018, an Inter-American Development Bank (IDB) report has revealed.

Local manufacturers gain ‘thousands’ in tax breaks

A Cabinet minister yesterday said his ministry has granted “hundreds of thousands of dollars” in tax breaks and concessions to manufacturing and other businesses since July 2020.

Cable pushing towards customised TV content

A Cable Bahamas executive yesterday said a “recommendation engine” will eventually replace its standard TV guide to give consumers more customised options on what they watch

'Mass' required for tailored TV content

Cable networks “need mass” to continue to produce quality content “a-la-carte" because the associated costs are extremely expensive, industry executives said yesterday.

Marinas’ ‘one-stop shop’ dream in Customs halt

The Association of Bahamas Marinas (ABM) president yesterday voiced growing frustration that its dream of creating a “one-stop shop” for all boating fees and permits has been halted by Customs.

Tease photo

Consumers stunned by GB Power’s $15m Dorian move

Grand Bahama residents and businesses were yesterday stunned to learn that the island’s monopoly electricity provider has now moved to recover $15.6m in Dorian restoration costs from them.