‘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.
Gov’t spending reform is ‘absolute necessity’
The Opposition yesterday branded reform of government spending as an “absolute necessity” as it argued that the $804.5m increase in total expenditure compared to pre-COVID levels is “possibly unsustainable”.
Sebas teams with University of The Bahamas to solve ‘dire need’ for skills
Island Luck’s co-founder yesterday teamed with the University of The Bahamas to launch the ‘Smarter Bahamas’ initiative that aims to solve the “dire need” for enhanced technology skills among local workers.
Gov’t told: Avoid ‘piecemeal approach’ over tax reforms
The Opposition’s leader yesterday urged the Government to avoid “a piecemeal approach” to reform in the FNM’s response to the corporate income tax proposal, warning: “We have a very small margin for error.”
Sebas in ‘tax-free zip code’ Aeropost plan
Island Luck's co-founder yesterday said his Aeropost e-commerce platform will differentiate itself from rivals by adding freight-forwarding capabilities that employ a "tax-free zip code" to offer clients better rates.
Atlantis hits pre-COVID cash flows with $182m
Atlantis has “stabilised” its net cash flow at pre-COVID levels by generating $182.3m for the year to end-March 2023, it was revealed yesterday, as analysts reaffirmed the credit ratings on its $1.2bn debt.
$30m investment set to aid 25,000 Bahamians
Some 25,000 Bahamians and 150 small and medium-sized enterprises (SMEs) are projected to benefit from a $30m investment to unlock the country’s ‘blue economy’ potential and enhance coastal protection.
AML: ‘Smaller’ stores are path to the future
AML Foods has signalled it paid $1.1m to acquire the future site of its Solomon’s Carmichael store and associated shopping centre as it revealed that “smaller footprint locations” will be its future format.
Commercial driver licence training raising concerns
Concerns were voiced yesterday over Abaconians and other Family Island residents incurring extra cost and inconvenience through having to fly to Nassau or Freeport for commercial vehicle driver training.
Bahamian insurer shrugs off ‘profitability pressures’
A Bahamian general insurer yesterday saw its financial strength and creditworthiness reaffirmed by the industry’s major rating agency in the face of “profitability pressures”.
