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Investment protection focus for digital assets regulation
The Securities Commission’s top executive has foreshadowed the roll-out of more digital asset regulations as it begins focusing on “investment protection” in the cryptocurrency space.
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Disney triples construction workforce promise to 300
Disney Cruise Line yesterday revealed it is near-tripling the number of construction jobs created by its Lighthouse Point project to 300 amid hopes that Eleuthera can attract up to $1bn in total investment over the next decade.
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‘Foolhardy’ if BISX to neglect digital assets
The Bahamas International Securities Exchange (BISX) is “actively pursuing opportunities” in digital assets, its chief executive disclosed yesterday, adding: “We’d be foolhardy to do otherwise.”
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PM HITS BACK ON BREADBASKET VAT – while Watson claims tax reintroduction does not hurt consumers
PRIME Minister Philip “Brave” Davis told his predecessor yesterday to take his own advice, as he hit back over new criticisms levelled at his administration over its refusal to remove value added tax from breadbasket items.
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Confusion over need for approvals over Potter’s Cay rebuild
A Cabinet minister said if Potter’s Cay vendors want to rebuild their stalls in the water they would have to get permission from the Department of Environmental Planning and Protection (DEPP).
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Davis dismisses claims of conflict of interest over Rodney Moncur appointment
PRIME Minister Philip “Brave” Davis questioned how Rodney Moncur’s appointment as a “violence interrupter” in the Ministry of National Security could be considered a conflict of interest, adding he viewed the talk show host as someone who understood inner-city communities.
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Gov’t committed over liveable wage pledge
A Cabinet minister yesterday said the Government remains committed to “eliminating” the minimum wage and replacing it via a so-called “livable wage”, with legislation to give effect to this due to be released later this year.
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Ayton leads Suns past Mavericks
PHOENIX (AP) — Deandre Ayton scored 25 points, Devin Booker added 23 and the top-seeded Phoenix Suns rolled to a 121-114 win over the Dallas Mavericks last night in Game 1 of the Western Conference semifinals.
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Potter’s Cay vendors: We need $48k for deck pilings
Six fire-ravaged Potter’s Cay vendors still need the extra $48,000 previously set aside for waterside pilings so they can reconstruct their decks, their Association president said yesterday.
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Cat Islanders target July in airport revival proposal
Cat Island stakeholders are aiming to present a proposal to upgrade Arthur’s Town airport and other critical infrastructure to the Government by this July, it was revealed yesterday.
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‘We buried hatchet’ over retail closure
Super Value’s principal has revealed he and his family “bit the bullet” in closing their loss-making Harbour Bay housewares retailer, adding: “We were fighting a losing battle so we buried the hatchet.”
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‘TAX THE RICH’ – Minnis: Charge wealthy property buyers and scrap breadbasket VAT
FORMER Prime Minister Dr Hubert Minnis yesterday suggested that the government increase taxes on wealthy property buyers and eliminate value added tax on breadbasket items to alleviate the burden on struggling Bahamians.
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Governor raises reserves forecast as $3bn beaten
The Central Bank yesterday raised its year-end forecast for The Bahamas’ external reserves holdings after they started May above $3bn following a $523m expansion during the first three months of 2022.
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One thousand Gov’t staff to be permanent
A Cabinet minister yesterday said the Government is aiming to make 1,000 public sector workers permanent and pensionable, having set aside $2m to cover back pay owed to civil servants.
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‘Lord knows’ Freeport requires tourism scale
An ex-tourism minister yesterday voiced optimism that the Grand Lucayan’s sale will be the “catalyst” that builds scale by luring other resort developers to Freeport, adding: “Lord knows Grand Bahama needs it.”
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Economy rebounds with 8% growth
The International Monetary Fund says the country’s recovery is “strong” with real GDP growth pegged at eight percent this year.
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IMF urges Bahamas to stick to 50 percent debt ceiling
The International Monetary Fund has urged The Bahamas to keep to the 50 percent debt ceiling passed in 2018.
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‘We must reform public pensions’
The Bahamas needs to avoid a Greek-style pension collapse and instead move ahead with the reform of the public pensions scheme as soon as possible, says the chief operating officer of CG Atlantic Pensions, Larry Gibson.
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Lucayan sold - but ‘GB needs more’
As the Grand Lucayan Resort’s sale was announced on Tuesday, the Grand Bahama chamber president, James Carey, said “more is needed” for Grand Bahama than just the sale.
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Are private pension funds sustainable?
As the debates had been about the lack of funds for Bahamians at the National Insurance Board and it is obvious it will run out because the lack of businesses paying employees funds at the National Insurance Board.
