Bumper business for back-to-school
Barbers and beauty salon reported “great” business over the weekend for the back to school rush.
Graycliff offers Indulgence to guests
A prominent Nassau eatery is offering a new “Indulgence Series” for guests in the hope of attracting both locals and tourists.
Professional ‘step child’ hits $1bn permits mark
The Bahamian Contractors Association’s (BCA) president says the construction industry is still being treated like a “step child” despite data showing it is already a $1bn per year industry.
$3m Governor’s Harbour project in 45 full-time jobs
A developer is aiming to invest $3m in constructing a 49-unit subdivision and full-service marina at Governor’s Harbour that will create 45 full-time jobs once build-out is completed.
Corporate income tax: Not ‘holding the bag’
The Bahamas Motor Dealers Association’s (BMDA) president says a corporate income tax levied on net profits would be “fantastic” for the industry if it eliminates a Business Licence regime that can tax companies into a loss.
FTX chief orders Bahamas: Hand over SBF interviews
FTX’s US chief is accusing his Bahamian counterparts of seeking to “shield from scrutiny” details of their interviews with Sam Bankman-Fried and other key insiders that he now wants handed over.
Navigating the challenges to drive increased demand
The Bahamas, often celebrated for its breathtaking natural landscapes and vibrant cultural heritage, stands poised with immense potential for economic growth. Throughout this two-part series, we will thoroughly explore the pressing need to invigorate and foster the growth of the local economy. It is crucial to grasp the essence and significance of what constitutes an economy, as it serves as the backbone upon which the prosperity and well-being of a nation and its people are built.
DEREK SMITH: Combine AI with human expertise on compliance
Regulatory compliance is undoubtedly a key component of trust between institutions and consumers in the financial services industry. Thus an important question facing corporate governance professionals in the era of fintech (financial technology) innovation is whether to invest in Artificial Intelligence (AI) for compliance or rely on the traditional expertise of risk and compliance professionals.
‘Nothing to ease pressure’ over high insurance costs
Bahamian insurers are warning there is “nothing that will ease the pressure” on soaring catastrophe coverage costs as they nervously await the total damages and insured losses from Hurricane Idalia’s strike on Florida.
‘Road map’ for 5G plan amid Starlink pushback
Regulators have pledged “to develop a road map” for deploying 5G (fifth generation) technology in The Bahamas amid continuing concerns from the two incumbent operators about the arrival of Elon Musk’s Starlink.
Building material suppliers watching for Idalia fall-out
Bahamian building materials costs and availability could come under pressure from post-Hurricane Idalia reconstruction on Florida’s west coast, local suppliers have warned.
Software with solid gains
ActivTrades
August is behind us and markets worldwide had a more or less quiet month. In New York, caution about the forthcoming labour market report has somewhat pushed the hopes of an interest rate pause by the US Federal Reserve into the background. The leading index, the Dow Jones Industrial Average, slipped gradually until the end of August and posted a loss of 2.4 percent.
IAN FERGUSON: How to bridge the divide between work and school and SCJ
The concept of businesses working with schools is certainly not new. Many have reached out through public and private sector-organised initiatives to engage students more meaningfully in the world of enterprise.
BISX fund eyeing up to $10m warehouse raise
A BISX-listed real estate yesterday said it plans to raise up to $10m within the next six months to finance development of its Carmichael Road warehouse after profits near-doubled during the 2023 first-half.
UN specialist warns on storm debt cycle
A United Nations (UN) foreign debt specialist yesterday disclosed that The Bahamas is still paying off borrowings related to three post-hurricane restorations with the country facing “almost unbelievable pressure” from climate change.
