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.
Medical marijuana: 'This is what it takes to get it right'
A Cabinet minister last night urged Bahamians to voice their opinions on the draft legislation to legalise and regulate medical marijuana because "that's what it takes to get it right".
Deltec chair to SBF: ‘Why in the world?’
Deltec Bank & Trust’s chairman yesterday said his response to Sam Bankman-Fried would be “why in the world” if the embattled FTX founder were to ever contact him.
Atlantis: We preferred other seaplane sites
Atlantis yesterday said it will swiftly ask the authorities to “reconsider” alternative seaplane landing sites that it prefers to the Montagu Bay option rejected by residents and the boating community alike.
Bahamas ‘leading from front’ on digital assets
The Attorney General yesterday argued The Bahamas is “leading from the front” on digital assets regulation as he sought to portray the jurisdiction as the ideal domicile for industry providers.
No ‘Passion’ over Love Beach condo
A former two-time Bahamas Real Estate Association (BREA) president yesterday said it was “too bad” a developer and Love Beach residents “cannot meet half-way” as both sides await a planning appeal’s outcome.
