Central Bank in multiple exchange control eases
THE Central Bank last night unveiled multiple reforms to further relax The Bahamas’ exchange control regime that it believes will not create any “material” risks for the US dollar peg and wider economy.
Kwasi: Self-inflicted inflation from rushed boaters fees
THE “rushed” boaters fee increase has caused “homegrown self-inflicted inflation” created by the Davis administration, according to Opposition finance spokesman Kwasi Thompson yesterday.
Tighter inspection and tougher penalties under new boat rules
STRENGTHENING the safety and oversight of the boating industry was given as the reason for changes to the Boat Registration Bill 2024 and the Water Skiing and Motorboat Control Bill in Parliament yesterday.
Taxi fare increase gazetted - and ministry to meet drivers
THE fare increase for taxi drivers has been gazetted, Minister of Energy and Transport JoBeth Coleby-Davis said yesterday.
Financial group chair to gain trailblazer award
A BAHAMIAN financial institution’s chairman is set to receive the Trailblazer Award at today’s Society of Trust and Estate Practitioners (STEP) Bahamas conference.
KEITH ROYE II: Blockchain emerges as security game changer
In the ever-evolving landscape of technology, one innovation has been making waves across industries, promising to transform the way we conduct business and secure our digital transactions. Blockchain, the groundbreaking technology behind crypto currencies such as Bitcoin, has emerged as a game changer with the potential to revolutionise business transactions and enhance cyber security.
Bahamas wants 2,000 more hotel rooms for ‘good footing’
THE Bahamas’ prospects for continued tourism growth depend on bringing 2,000 hotel rooms, or 15 percent of its total pre-COVID inventory, back on line swiftly with the industry at “maximum capacity”.
Opposition urges air fees ‘legal challenge’
THE Opposition’s leader last night argued that the fees imposed by the air freight terminal’s new private operator should be “challenged legally” as he questioned the Prime Minister’s silence on the issue.
No ‘monopoly pricing’ through $25m air freight terminal deal
THE Government will not permit “monopoly pricing” by the private operator of Nassau’s air freight terminal, its top finance official asserted last night, as he pledged to make the deal a “win-win-win” for all.
URCA independence fear over director terminations
CABLE Bahamas is urging the Government to reform the law so as to preserve the Utilities Regulation and Competition Authority’s (URCA) independence and reduce its costs.
PM unveils vision for African financial links
THE Prime Minister yesterday unveiled his vision and road map for developing stronger financial ties with Africa via a plan that capitalises on The Bahamas’ long-standing strengths.
Second sky dive provider now seeks CAAB permits
THE company behind the Grand Bahama sky diving demonstration is different from a separate entity that has voiced repeated frustrations over its inability to obtain the necessary licences.
PM ‘explores’ GB diamond repository with Botswana
Grand Bahama’s Chamber of Commerce president yesterday said he was unsure what economic benefits will flow from the diamond repository proposal that the Prime Minister discussed with Botswana.
Nassau Gas chief pledges to fully refund all investors
A Bahamian company that raised equity capital through the collapsed ArawakX platform has pledged to return all funds to investors once they are verified, its principal saying: "I want to get out of this mess."
Bahamas financial services: 'Revisit' 15% minimum tax
The Bahamian financial services industry is calling for the 15 percent minimum global corporate income tax to be "revisited" as it violates the sovereign right of nations to set their own tax systems and rates.
