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Bahamas must ‘levitate’ above digital evolution
The Bahamas “needs levitation devices” to rise above the rapidly-evolving digital assets space so that regulation lands wherever the “ground shifts”, a prominent banker is arguing.
Payment provider targets 25-30% digital user growth
A Bahamian payments provider yesterday disclosed it is targeting “manageable” annual growth of 25-30 percent in digital wallet users while pledging to do its part in reducing the “fear” surrounding electronic transactions.
$1m initiative targeting Gov’t sector ‘pain points’
The Government is seeking to eliminate ease of doing business “pain points” in the public sector through a $1m digital solutions grant funding scheme that also aims to boost Bahamian innovation.
Bahamas ‘can’t sit on laurels’ over digital assets regulation
The Securities Commission’s top executive has warned that The Bahamas “cannot sit on our laurels” as she disclosed that further reforms to tighten digital assets regulation will be unveiled “in the next few months”.
PM: Digital asset ambitions to rebuild financial services
The Prime Minister yesterday said The Bahamas’ ambitions to become a digital assets hub will help it recover financial services activity that has been lost to the “global assault” on international financial centres (IFCs).
Cheque volumes fall 7.5% annually over past decade
The Central Bank’s governor yesterday said cheques cleared via the Bahamian banking system have decreased by 7.5 percent annually over the past decade with businesses, especially, dropping an instrument “very susceptible to fraud”.
LinkedIn gives VAT alert to Bahamians
Bahamians have been alerted that LinkedIn, the professional networking app, has become the latest digital economy app to impose 10 percent VAT with effect from July 21, 2022.
Banks and regulator seek to ‘mute’ cheque-end dissent
The Central Bank yesterday removed from its website a document seeking bids for a campaign “to mute” opposition to the elimination of cheques after the language used was questioned by Tribune Business.
Survey of labour force due to begin next month
THE country’s labour force survey is set to begin next month, according to labour director Robert Farquharson.
‘Don’t take Kalik bottle’ to carbon trading fight
The Bahamas must “take a gun to a gunfight as opposed to a Kalik bottle” if it wants “to be ahead of the game” in developing carbon credits and their trading, a well-known banker is urging.
Judiciary honours departing Moree
MEMBERS of the Bahamas Judiciary extended best wishes to outgoing Chief Justice Sir Brian Moree in a touching farewell event on Friday at the Magistrate’s Court Boardroom.
Jonquel Jones’ double double helps Sun rout Mercury 87-63
UNCASVILLE, Conn. (AP) — Alyssa Thomas posted her second triple-double in less than two weeks, Jonquel Jones added 10 points and 10 rebounds and the Connecticut Sun beat the Phoenix Mercury 87-63 on Tuesday night.
Scotiabank sharpens credit focus via new Sales Centre
A SCOTIABANK (Bahamas) executive says its newly-launched Sales Centre will enable the lender to focus on “all things credit” and give greater attention to customers seeking loans.
Tourism ministry takes part in aviation convention
THE Bahamas Ministry of Tourism, Investments & Aviation took part in the week-long 69th Experimental Aircraft Association (EAA) AirVenture Oshkosh convention held in Wisconsin from July 24–31.
Fidelity chair: Global recession risk ‘high’
A BISX-listed bank’s chairman has branded 2021 “the comeback year we all hoped for” after his institution cut loan loss provisions by almost $19m due to borrowers becoming current with their obligations again post-COVID.
Realtor: One-third of deals fetch asking price or higher
A Bahamian realtor yesterday disclosed his average property sales price has “tripled” compared to pre-COVID levels with one-third of all transactions realising either what the seller is seeking or higher.
ART OF GRAPHIX: How effective are social media ads?
Social Media advertising is a paid advertising method that uses ads directly served to the target audience through its platforms. These ads come in various formats such as video ads, image ads, carousel, etc. Nonetheless the most popular social media platforms in are Facebook, Youtube, WhatsApp, and Instagram and they also has the highest number of monthly active users (MAUs).
Special needs summer camp held at Beacon School
ABOUT 25 special children in Grand Bahama received much-needed therapeutic services during a special needs Summer Camp held at the Beacon School.
BISX ‘on it’: Exploring carbon credit potential
The Bahamas International Securities Exchange (BISX) is exploring whether to add carbon trading to its business model, its chief executive pledging: “We’re on it.”
Governor targets loan delinquency ‘under 5%’
The Central Bank’s governor yesterday said he is targeting a commercial bank loan delinquency rate of “less than 5 percent” as some institutions push for an easing of lending restrictions.
