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Half of businesses yet to launch online
More than half the Bahamian businesses surveyed by the Chamber of Commerce and Employers Confederation (BCCEC) have yet to launch an e-commerce platform, it was revealed yesterday.
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$600k system puts cabinet meetings into digital era
MINISTER of State for Finance Kwasi Thompson announced yesterday the launch of the Bahamas Electronic Cabinet Management Information System, also referred to as E-Cabinet.
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DANIEL FERGUSON: Raising concerns on procurement reform
The Government of the Bahamas, almost one year after introducing the Public Procurement Bill to Parliament, finally passed the same on March 15, 2021. However, according to officials at the Ministry of Finance, the Act is not to come into effect until September 2021. This is the second administration to pass such a Bill, as the previous administration passed the Financial Administration and Audit Act 2013, which never came into effect.
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‘More efficient’ E-Cabinet set to launch today
The Minnis government will today use its “e-Cabinet” system for the first time in a bid to make the top decision-making body “more efficient and effective” a Cabinet minister revealed yesterday.
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Customs
I don’t know if English Language Comprehension is the problem or if it is a matter of outdated legal terminology, but dealing with import brokers, who deal with Bahamas Customs, indicates that Bahamas Customs doesn’t understand the fundamentals of commerce today, particularly e-Commerce.
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E-commerce usage to surge with ‘familiarity’
A Bahamas-based information technology provider yesterday said e-commerce system usage will increase once companies and consumers become more “familiar” with it.
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DANIEL FERGUSON: Procurement e-portal not being maximised
I wish to now elaborate more on the electronic portal that is the Bahamian government’s e-procurement supplier registry.
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There’s a new chargé in charge
THE United States has appointed Usha E Pitts as the new chargé d’affaires to The Bahamas. She paid a courtesy call on Minister of Foreign Affairs Darren Henfield at the ministry’s offices yesterday.
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Publisher partners with Rotary
LITERACY advocate, author, and publisher Teri M Bethel of BooksByBethel.com has recently partnered with Rotary E-Club of the Caribbean, 7020, which features its winning stories in their annually published Butterfly StoryBook.
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Sebas raises $19m for e-commerce purchase
Sebas Bastian raised nearly $19m from investors to finance the acquisition of an e-commerce platform that he yesterday said will become an “Amazon like” presence in The Bahamas and region.
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Salvage reforms to public procurement
In my last article I neglected to define what public procurement is. Public procurement refers to the purchase by governments and state-owned enterprises (SOEs) of goods, services and works. As public procurement accounts for a substantial portion of taxpayer monies, governments are expected to carry it out efficiently and using best international practices. This is critical for ensuring high quality service delivery and safeguarding the public interest.
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Retailer’s e-commerce portal ‘puts us ahead of competitors’
A major Bahamian retailer yesterday said its e-commerce investment had given the business more “exposure” while allowing customers to shop from the safety of their homes.
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Commission summons police over firm’s ‘fake certification’
The Securities Commission has brought in the Royal Bahamas Police Force (RBPF) to help investigate an entity falsely claiming to be licensed and registered with the financial services regulator.
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Procurement reform hit by resistance to change
It was not my intention to write another article until the end of September, as I wanted to give the government the benefit of the doubt regarding its self-imposed September 1, 2021, timeline for when the Public Procurement Act will take effect. However, on Monday, the prime minister during his closing remarks in the budget debate referred to me publicly by warning that “if you push me enough” the details of my personal files when I was employed at the Royal Bahamas Defence Force (RBDF) and the Ministry of Health will be revealed.
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SCB issues warning about ‘scam’ company
THE Securities Commission of The Bahamas has issued a warning about an unlicensed “scam” company that it says is part of a “noticeable increase” in the number of such firms seen operating since the onset of the COVID-19 pandemic.
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Bahamas Power & Light | SKYGuard last Advisory on Tropical Depression Fred ( e-Alert #13)
Friday, 13th August, 2021.
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Bahamas Power & Light | SKYGuard Tropical Storm Grace Projected Track, Arrival Times & Intensity (e-Alert #1)
Saturday, 14th August, 2021.
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The world leading sand dollar
ActivTrades
LAST year The Bahamas became a global leader in e-money, after launching its own Central Bank Digital Currency (CBDC), the Sand Dollar, ranked number one in the PwC Global CBDC Index. A remarkable achievement for the nation, that captured headlines around the world. But what is a CBDC? Should other nations follow the example of The Bahamas? Why not instead adopt an existing cryptocurrency, like bitcoin, for example, like El Salvador did?
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FACE TO FACE: A family living up to the legacy of a legend
WHEN a giant of a man leaves the imprint of his footstep on this Earth, it can be seen for generations to come.
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Chamber leadership election heating up
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) top post is set to be hotly contested tonight amid concerns it is no longer truly serving the private sector’s needs.
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