DEIDRE BASTIAN: Solving the marketing and advertising riddle
Do you know the difference between marketing and advertising? All advertising is marketing, but not all marketing is advertising. It sounds like a riddle, which is why the two terms are often used interchangeably. The truth is, both concepts are related but different.
UPDATED: Bahamians to gain 49% stake in Royal Caribbean PI project
The Government last night said it has approved Royal Caribbean’s $110m Paradise Island beach club project after negotiating greater Bahamian ownership and entrepreneurial participation in the development.
Bahamian liquidators fire FTX warning shot
FTX’s Bahamian liquidators yesterday warned their US counterparts that the failed crypto exchange’s $446m claim against another digital assets firm will not be resolved unless their interests are satisfied too.
Condo hotel tax now takes ‘effect’
The Bahamian resort industry was yesterday said to have “got 90 percent of our asks” over the new condo hotel tax which has now come into effect some eight months after it was first unveiled.
FINCO’s repossessed collateral jumps 30%
Royal Bank of Canada’s (RBC) BISX-listed mortgage arm narrowly beat prior year comparatives with $40m in profits for the year to end-October 2022 following recovery of more than $16m in credit loss provisions.
RF Bank & Trust's ninth annual conference to tackle evolving risks
RF Bank & Trust (RF) has announced it will host regional and international experts during a 1-day conference to help Bahamians forecast and future-proof their business. The annual RF Economic Outlook (RFEO), under the theme Evolving Risks: The Way Forward is scheduled for Tuesday, March 14th at Baha Mar.
Chief Justice exposes ‘fronting’ on Bay Street
The Chief Justice has ruled that “illegality was a major part” of a Bay Street retail ‘fronting’ deal involving one of Nassau’s most prominent Greek-Bahamian families.
‘A step back’ over fiscal watchdog independence
Governance reformers yesterday voiced fears that proposed legal reforms are “a step back” for the independence of a key fiscal watchdog and also weaken accountability “enforcement teeth”.
PM doubles down over $6.4m provider licence
The Prime Minister last night doubled down on accusations that a payments provider which has failed to remit $6.4m to the Government was not licensed to collect funds on its behalf.
NIB faces $98m deficit for 2023
The National Insurance Board (NIB) is predicting it will incur a $98m total deficit in 2023, it was revealed yesterday, as a Cabinet minister reiterated warnings that The Bahamas cannot afford to delay critical reforms any longer
January tourists beat 2019 arrivals by 33%
The Deputy Prime Minister yesterday said January 2023’s tourism arrivals were some 210,000 ahead of comparatives from 2019’s “banner year” as The Bahamas bids to “meet or exceed” 20 percent growth targets.
VAT health claims change ‘may’ not happen April 1
The Government “may not” implement the new VAT treatment for medical insurance claims payouts by its April 1 target, it was revealed yesterday, with the decision hinging on a meeting with healthcare stakeholders later this week.
‘Do not hit rock bottom’ on public sector reform
The Bahamas “cannot squeeze out” civil service reform if it wishes to tackle “the vexing problem” of perceived corruption in accessing public services, governance reformers warned yesterday.
Investors in $18m boost as bank beats target 10%
Commonwealth Bank yesterday said it beat 2022 profit targets by 10 percent as it used its record net income to return $18m to shareholders via two extraordinary dividend payments.
Gov’t gives $115m tax relief in fiscal first half
The Government granted almost $115m of Excise tax and Customs duty relief during the first half of the 2022-2023 fiscal year, the mid-year Budget documents have revealed.
