Digital provider calls for Bahamas CSME sign-on
A digital payments provider yesterday argued that the Bahamas should join the Caribbean Single Market and Economy (CSME) to break down barriers facing local firms seeking to expand into the region.
Lease setback strikes PI lighthouse entrepreneur
A Bahamian entrepreneur battling to restore Paradise Island’s lighthouse yesterday suffered a setback in his fight with the Government and Royal Caribbean after the Supreme Court found he does not possess a valid Crown Land lease.
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Digital payments ‘not as robust’ despite 30% rise
The Bahamian use of digital payments is “not as robust as we’d like to see” yet, one provider asserted yesterday, even though the volume of transactions it processed increased by 30 percent in 2022.
Bahamas ‘big part of the FTX puzzle’
FTX’s Bahamian operation was yesterday branded “a big piece of the puzzle that needs to get resolved” as its provisional liquidators successfully obtained US legal recognition for their ongoing investigations.
Construction work permits ‘shifting in wrong direction’
The “balance” between Bahamian and foreign labour in the construction industry has “started to shift in the wrong direction”, a prominent contractor is arguing, while calling for a halt to all general labour work permits.
Hotel union eyes industrial agreement ‘red letter day’
The hotel union’s president yesterday said it will be a “red letter day” for its several thousand members when their now ten-year wait for a new industrial agreement with the main employer body is ended.
Businesses report strong sales for Valentine’s Day
BUSINESSES that specialise in Valentine’s Day sales yesterday said demand for flowers and gift arrangements appeared strong despite continued concern over inflation pressures and the high cost of living.
Govt told: ‘Reverse course’ on Business Licence move
THE Opposition’s finance spokesman yesterday renewed demands for the Government “to reverse course” and improve the ease of doing business surrounding the Business Licence renewal process.
Poultry farmer’s eight year land wait persists
AN ABACO poultry farmer was yesterday still waiting for the Government to give him ownership of his property despite the transaction being verbally approved by the Prime Minister.
Electric auto dealer targets 30% of market in five years
A Bahamian dealer yesterday forecast that electric vehicles will account for 30 percent of all new auto sales within five years despite rivals’ concerns that this nation must first “catch up on the back end”.
Cruise port eyeing Ritz-Carlton boost
Nassau Cruise Port executives yesterday voiced optimism that Monday’s visit by Ritz-Carlton’s first “large yacht” will expand into multiple calls that diversify its vessel mix and bring higher-spending visitors to downtown.
Advocate: SMEs must take blame on Business Licence
A small business advocate says the blame for Business Licence delays falls largely on the sector and not a government which is seeking to “squeeze every dime” out of entrepreneurs by the March 31 deadline.
NIB staring at $95m loss as pension deficit builds
A Cabinet minister yesterday warned the National Insurance Board (NIB) will lose $95m this year unless contribution rates are raised with the pensions branch alone incurring a monthly $4m deficit.
‘It’s time to settle’ 11-year Gov’t compensation wait
A prominent realtor last night asserted “it’s about time for them to settle” after his family’s more than 11-year wait for compensation survived the Government’s bid to slash the payout by over $120,000.
