Bahamas crypto exchange set to ‘add another chapter’
A crypto currency exchange Bahamian subsidiary says it will unveil a new feature for its platform next month to further cement its “significant” contribution to the parent's global brand.
‘Cheap menu offerings’: PI residents join Wendy’s fight
Paradise Island resorts and residents are arguing that “cheap menu offerings do not convey” the correct brand image as they unite to oppose Wendy’s bid to obtain planning approvals for its new restaurant.
Top ArawakX investor ‘seriously prejudiced’ over BOB unfreezing
ArawakX’s largest investor has moved to intervene in its dispute with Bank of The Bahamas by alleging that the two sides’ agreement to unfreeze the crowd-funding platform’s accounts “seriously prejudices” his interests.
ArawakX: Wind-up to cause ‘serious harm’ on BOB battle
The Bahamas’ first-ever crowd-funding platform will suffer “serious harm” if it is placed into provisional liquidation before it can pursue or settle its legal battle with Bank of The Bahamas over the freezing of its accounts.
GB airport operator ‘well ready to move’
Grand Bahama International Airport’s prospective operator has indicated it is “well ready to proceed once given the green light by government”, the island’s Chamber of Commerce chief has revealed.
No love for sandals
ActivTrades
The day after the IPO (initial public offering), Birkenstock investors are still not happy. The traditional sandal manufacturer experienced a debacle in its eagerly-awaited share offering in New York.
DEREK SMITH: Develop cyber security plan to meet your need
As technology becomes an essential feature in every business, there is a growing need to ensure its safe use. Companies store crucial data and depend on technology for their day-to-day operations. With the continuous evolution of cyber threats and stringent regulations, companies need a firm security plan. However, every firm has unique needs, so more than just a generic solution might be required.
Chamber hails success from two trade missions
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman has hailed its hosting of two recent trade missions as a success.
New extension over substance reporting
The Ministry of Finance yesterday said it has extended the 2022 substance reporting deadline for qualifying companies until end-October due to the “high volume of requests” for extra time.
Stable coins better suited for international customers
A Bahamian attorney says stable coins are a product better-suited for the international, rather than domestic, market as this nation moves to introduce new measures to better regulate the product.
50% of Bahamians to use Sand Dollars by end-2024
Central Bank executives yesterday forecast that 50 percent of Bahamians will have active Sand Dollar accounts by year-end 2024, with 160,000 already using this nation’s digital currency version.
Govt’s ‘reprehensible’ failure led to woman’s ‘near financial ruin’
A Supreme Court judge has slammed the Government’s “reprehensible” failure that drove a Bahamian woman to “almost financial ruin” after it failed to compensate her over acquiring land for a road yet to be built.
Shipyard to go ‘beyond, but it won’t come easy’
Grand Bahama Shipyard’s top executive is voicing confidence that its $600m dry dock investment will grow its business “beyond” what it enjoyed in early 2019, but warned: “It’s not going to come easy.”
Demand worries over Gov’t bond ‘competitive bid’ move
A Bahamas-based investment banker yesterday said “insufficient demand” means the Government is unlikely to lower its domestic debt costs through the launch of competitive bidding for its securities.
Hotels ‘even stronger’ than touted 13% bookings leap
The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday disclosed some resorts are enjoying “even stronger” growth than the near-13 percent jump in advanced bookings through to February 2024.
