Dorian tax breaks renewal ‘even more urgent’ after Ian
Abaco’s Chamber of Commerce president yesterday said Hurricane Ian’s devastating impact on Florida makes it “even more urgent” that the Government renew her island’s post-Dorian tax breaks in full.
Banks facing ease of business ‘scorecard’
Bahamian commercial banks will soon be subjected to a “scorecard” that rates how well they perform in facilitating the ease of doing business and financial inclusion, a top regulator revealed yesterday.
Bahamas ‘must get ahead’ of EU attack
The Bahamas “must get ahead” of the European Union’s (EU) assault, a well-known accountant is arguing, and “address anything seen as remotely non-compliant” before new blacklisting threats emerge.
Nassau enjoys 17,000 cruise diversion boost
Downtown Nassau and other cruise-dependent Bahamian businesses have benefited from an extra 17,000 passengers to-date being diverted to the city by hurricane devastation in Florida and the Caribbean, it was revealed yesterday.
STORM FALL-OUT TO HIT BUILDING MATERIALS: Warning that Florida’s post hurricane reconstruction will impact prices and availability in The Bahamas
Bahamian contractors yesterday warned it is “inevitable” that Florida’s post-Hurricane Ian reconstruction will hit building material prices and availability here as local inflation was revealed to have hit 7 percent.
Real estate chief cautions over rent-to-own contracts
THE BAHAMAS Real Estate Association’s (BREA) president yesterday warned persons seeking to acquire property via rent-to-own deals to make sure they have legally watertight contracts as they are taking all the risk.
IAN FERGUSON: The human touch in small business
More than 80 percent of Bahamian businesses do not have the benefit of on-staff human resources professionals. Literally thousands of Bahamians are operating without a buffer between them and management.
EU blacklist threat to insurance costs
The Bahamas’ imminent ‘blacklisting’ by the European Union (EU) has sparked fears that increased local insurance rates, and a drastic reduction in the availability of coverage, will be among the repercussions for this nation.
‘Free’ Sand Dollars to give currency lift
“Free” Sand Dollars will be issued to incentivise early adoption of a Central Bank-backed digital currency that remains “on the runway”, its governor said yesterday, despite a 305 percent circulation increase during 2021.
Seven-fold jump in Benchmark’s debt to clients no alarm
A BISX-listed firm has reassured investors that the seven-fold increase in monies owed to clients at year-end 2021 is no cause for alarm since it stems from $150m in securities trading activity.
Bahamas ‘leads pack’ over digital adoption
A senior Royal Bank of Canada (RBC) executive yesterday hailed The Bahamas as “a bit of a bellwether” for the Caribbean on digital payments adoption with more than 50 percent of its local clients now using such channels.
Gaining an edge via staff upgrades
Training and development in the workplace presents a prime opportunity to expand the knowledge base of all employees. However, many employers find this expensive, and view it as staff missing out on work time while attending training sessions, which may delay the completion of projects.
BAMSI greenhouses arrive in training boost
A Cabinet minister yesterday said the Bahamas Agricultural and Marine Science Institute (BAMSI) has received long-awaited greenhouses that will enhance training opportunities for students.
Brokers in concerns over customs software move
THE MINISTRY of Finance’s top official yesterday said Customs is merely seeking to ensure its systems are used properly amid concerns from small brokers about being forced to hire third-party software providers.
‘Increased criminality’ drove 6% suspect reporting growth
THE FINANCIAL Intelligence Unit (FIU) says the 5.7 percent increase in suspicious transaction (STR) and other reports received in 2021 was driven by “increased criminality” experienced during the COVID-19 pandemic.
