The Bahamas will likely have “to fight” the European Union (EU) and Organisation for Economic Co-Operation and Development (OECD) to preserve its digital assets leadership, the Opposition’s leader warned yesterday.
The Bahamas will lose its position as a digital assets leader and the potential economic “upswing” if it fails to shed its ‘tax haven’ label, a Bahamian financial services provider warned yesterday.
ATTORNEY General Ryan Pinder said yesterday the Digital Assets and Registered Exchanges Bill 2022 fulfils both local and international obligations, while seeking to strengthen the economic regime that will bolster the middle class of the country.
A Cabinet minister and a member of the Government’s Digital Advisory Panel have both warned that digital assets are not a “silver bullet” that will rescue the Bahamian economy by themselves.
Every company has been forced to reinvent itself, or re-evaluate how it does business, due to a digital evolution that some might call a revolution. Large companies have invested substantial resources in what is usually referred to as “digital transformation”. However, a problem occurs when they undertake a digital transformation plan without a clearly defined vision of what this should entail.
Bahamian insurers yesterday warned they are examining “high double digit increases” in auto repair costs to determine if an increase in motor vehicle premiums is justified over the medium to long-term.
KWASI Thompson, MP for East Grand Bahama, has again called for government to address the pressing issue concerning the lack of medical professionals on Sweeting’s Cay.
DESPITE a recent increase in COVID-19 cases, Health and Wellness Minister Dr Michael Darville said the government is not at this time considering tightening measures.
THE government earmarked $636,194 to honour all expenses associated with their Royal Highnesses‘ visit to The Bahamas in March. However, as of Monday, May 16, approximately 96 percent or $625,186 of the money has been paid out.
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.
Throughout its 47 short years of existence, The College of The Bahamas (COB), now University of The Bahamas, has been marked by tides of change. Similarly, in more recent times, we have had change thrust upon us as a nation; first through Hurricane Dorian’s devastation resulting from climate change, and then the catastrophic health and economic impacts of the COVID-19 pandemic.
‘NO WAY’ TO PAY BILLS WITHOUT NEW TAXES: Reformer says Budget is most important in history of The Bahamas
A governance reformer yesterday said he was “confident” some tax increases will be unveiled in tomorrow’s Budget, which he branded as the “most important” in Bahamian history to-date.
A Bahamian bank’s sale has been confirmed by its statutory administrator despite his actions, and those of the Central Bank, being subject to a legal challenge that is ongoing before the Supreme Court.