Bahamas and region urged to reduce bandwidth costs
A BAHAMAS-BASED cloud services provider yesterday said Caribbean regulators must focus on reducing Internet bandwidth costs across the region.
BPL or roadworks? Bran’s $100k IT ‘hell’
A former Democratic National Alliance (DNA) leader says his law firm is trying to determine whether BPL or the Village Road roadworks is to blame for an incident that “fried” its IT servers, computers, Internet and cable TV services.
‘Not claiming victory’: Yet deficit is beaten by $70m
The Ministry of Finance’s top official yesterday said he “won’t claim that victory yet” despite the prior fiscal year’s $689.5m deficit coming in almost $70m below the final projection outlined in May’s Budget.
NAGICO mulls exit after $6m losses
A property and casualty insurer is mulling whether to exit the Bahamian market by seeking a buyer for its existing portfolio almost a decade after being licensed by the Insurance Commission.
Stop ‘getting every dollar’ out of Abaco
A prominent Abaconian has blasted the “bureaucratic red tape” that is preventing the island from making further progress on a post-Dorian economic recovery that he estimates its 60-65 percent complete.
Bitcoin: The Story So Far
ActivTrades
BITCOIN is the original cryptocurrency, created in the aftermath of the 2008 global financial crisis when someone known as Satoshi Nakamoto (their real identity is unknown) published the blueprint. The aim was to bypass traditional financial intermediaries and end central banks’ control over money, relying instead on a peer-to-peer system supported by blockchain, which is the name given to cryptographic information distributed across a decentralised network.
‘Chickens home to roost’ on construction financing
THE Bahamian Contractors Association’s (BCA) president says “the chickens have come home to roost” with post COVID- 19 inflation presenting a “huge challenge” for banks in financing residential and commercial construction.
Council sets deadline for property tax legal action
AN ABACO district council will later this month decide whether to initiate legal action against the Government over its alleged failure to rebate to it up to $60,000 in collected real property tax revenues.
Provider teams with Access Accelerator to build start-ups
A BAHAMIAN financial services provider has linked up with the Small Business Development Centre’s Access Accelerator to provide Bahamian entrepreneurs with new funding opportunities
Insurers to Gov’t: ‘We’re in this together’ with tax
Bahamian insurers yesterday said they have presented the Government with recommendations for solving the industry’s twin tax-related concerns without causing “disruption or confusion” in the market.
‘Plenty of time’ to work out yacht charter VAT
The Association of Bahamas Marinas (ABM) president yesterday voiced optimism that any “kinks” with VAT’s imposition on yacht charter fees will be resolved before “high season” after a summer that was “spot on” with pre-COVID volumes.
Bahamian broker’s clients in $1.3m ‘hacking’ fraud
Clients of a now-defunct Bahamian broker/dealer have been accused of abusing its accounts to both conduct and conceal a computer hacking-related securities fraud that netted them $1.3m in collective illegal profits.
Chamber chief backs North Andros mining
The Andros Chamber of Commerce president says opinion the island is favourable towards a multi-million aggregate mining project proposed by Cameron Symonette and his business partners.
Atlantis eyes up to 40% cut in cruise day visitors
Atlantis plans to “moderate” the number of cruise passenger day visitors to 60-70 percent of pre-COVID levels, it was disclosed yesterday, with the resort “definitely” set to meet or exceed its 2022 financial targets.
IAN FERGUSON: How to make a difference in climate change battle
The concepts of sustainability and conservation have become top of mind for many businesses who understand the local and global implications of climate change. Avoidance is no longer an option. We must all play a role in making business decisions that help heal our planet. Science has been clear in telling us that every little bit helps. With all hands on deck, lifting and promoting practices that are eco friendly, we can see the positive impact.
