Ten percent cost cut for digital payments planned
A digital payments provider is targeting 10 percent reduction in merchant service cost for the 1,5000 merchants signed up with the Lotus Rewards programme within the first year.
Christmas business is a cut above for hairdressers
Hair salons and beauticians saw a “serious upsurge” in business this Christmas season, forcing people to make deposits up to a month in advance to have appointment space during Christmas week.
Call to digitise NIB and raise age of retirement
THE National Insurance Board (NIB) must be digitised and the age of retirement raised to save the fund from collapse, a top insurance executive has warned.
More than 300 percent rise in tourism in November over previous year
THE tourism sector continued its “robust” growth in November, according to the Central Bank of The Bahamas’ monthly economic and financial developments report - with arrivals up by an astonishing 341.5 percent from 2021.
Christmas sales back to 2019 levels, say retailers
Retailers are back on par for 2019 with Christmas sales as they look forward to a robust 2023.
Downtown demolition of buildings ‘a fair process’
The demolition of dilapidated downtown buildings is done through a “fair process”, says the Downtown Nassau Partnership (DNP).
Govt ‘will defend right to collect overflight fees’
Deputy Prime Minister Chester Cooper last night said the government will defend the country’s right to collect overflight fees in the face of threats by US airlines to stop flights.
Central Bank wants stricter due diligence to stop another FTX
The Central Bank of The Bahamas has called for stricter due diligence on the transfer of funds in the wake of the FTX collapse.
'Heard it before' on GB airport
The Grand Bahama Chamber of Commerce (GBCC) president has “heard it all before” on the Grand Bahama International Airport (GBIA) partner being secured and sees the new target date as an extension of the previous date for the end of December, 2022.
ORG suggests changes to procurement laws
The Organisation for Responsible Governance (ORG) has given recommendations to the government on amendments to public procurement legislation.
Kovats 'not selling' despite $3bn lawsuit dispute
A developer suing the Bahamas government for $3bn is moving forward with other projects despite the volatility surrounding his interests.
FTX lawyers apply for creditors stay
FTX’s Chapter 11 lawyers applied for a motion for the enforcement of an automatic stay from creditors in FTX proceedings due to shuffling of funds days prior to the chapter 11 filing, new court filings state.
Reformer predicts 'great year' for economy
The New Year is expected to “crystalise the reconsolidation of the economy", says a governance reformer as 2023 foretells a year of “great performance” for the economy.
Court filing sheds light on FTX fund transfers
FTX’s Chapter 11 lawyers applyed for a motion for the enforcement of an automatic stay from creditors in FTX proceedings due to shuffling of funds days prior to the chapter 11 filing, new court filings state.
Bahamas shrugs off FTX for perfect ‘40 out of 40’
The Bahamas yesterday shrugged off FTX’s implosion through what the attorney general hailed as the “enormous accomplishment” of a perfect score in the fight against financial crime.
