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Digital banking ‘easing pain’ in Family Islands

DIGITAL banking providers are easing the “pains and pressures” faced by unbanked and underbanked Family Islands, according to Jevon Butler, chief sales officer at Kanoo, said yesterday.

I received an urgent email yesterday from one of our vendors saying please don’t send any wire payments to our account at Commonwealth Bank. While the other Bahamas banks have wound down their customer facing options, Commonwealth has been advertising like a native rooster, their “in-branch” availability as a competitive advantage.

Prove services exports deserve VAT-free rating

Bahamian accountants must prove audit and other services they provide to financial services entities are “for purposes outside” the jurisdiction to obtain VAT-free treatment, the tax authorities have ruled.

Bahamian firms urged to embrace AI benefits

Bahamian companies are being urged by the head of a local technology firm to embrace the advantages of using artificial intelligence (AI) in their day-to-day operations.

Diamond depository deal would help ensure Botswana not ‘held hostage’ by global north

PRIME Minister Philip “Brave” Davis elaborated on his hopes of turning Grand Bahama into a depository for diamonds from Botswana during the closing press conference of his trip.

Bahamas moves to block loss of investment funds

The Prime Minister yesterday unveiled reforms to a package of financial services laws in a bid to prevent The Bahamas losing “a material amount” of investment funds to Brazilian tax law changes.

Bahamas faced with losing ‘material amount’ of funds

The Attorney General has warned that The Bahamas is threatened with losing “a material amount” of its investment funds due to likely tax reforms in Brazil.

Joining WTO is not a Bahamas priority

A Cabinet minister yesterday reaffirmed that becoming a full World Trade Organisation (WTO) member is not a priority for The Bahamas at present although such a move is "not off the table."

Kwasi: Make sure $2bn investment felt by GB

KWASI Thompson, MP for East Grand Bahama and Shadow Minister for Grand Bahama, has urged the PLP government to ensure the $2bn investment touted by the government brings tangible benefits to Grand Bahamians.

Careers fair opens up options for future

ST George’s High School hosted a local college-career fair recently to expose students to post-secondary opportunities available in the Bahamas.

Gov’t ‘100% locked in’ to growing agriculture

The Prime Minister says agriculture holds “vast untapped potential” with The Bahamas’ annual $1bn food import presenting “million dollar opportunities” for local farmers to exploit.

Free Wi-Fi at National Family Island Regatta thanks to BTC

THOUSANDS attending the upcoming National Family Island Regatta in George Town, Exuma will be able to take advantage of free Wi-Fi - thanks to BTC - throughout the duration of the five-day event.

Disney teams with BTVI for Eleuthera expansion

The Bahamas Technical and Vocational Institute (BTVI) has partnered with Disney Cruise Line to construct a new campus in Eleuthera for the training of its residents.

Halkitis: Economic zones were not achieving goals

ECONOMIC Affairs Minister Michael Halkitis said the Davis administration discontinued the Economic Empowerment Zones programme, which provided some tax exemptions to inner city residents and businesses, because it was not achieving its objectives.

Memphis in town for Battle 4 Atlantis

THE Memphis Tigers women’s basketball team, through their connection with Bahamian Olympic and world champion Shaunae Miller-Uibo, took advantage of their free day before the start of the Battle 4 Atlantis Tournament to host a basketball clinic for some of the local high school players.

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