‘Liveable wage will just have to wait’
The business community is waiting on the government to ratify their recommendations on the minimum wage and says that discussions on a liveable wage cannot be had until the minimum wage is “out of the way”.
Relaxed lending rules for domestic credit
THE Central Bank of The Bahamas is relaxing the guidelines for domestic banks and credit unions around the qualification criteria for provision of credit to the private sector. This takes account of the domestic economy’s increased capacity to sustainably absorb more credit expansion, given the potential for credit growth to stimulate greater imports and increase the net use of foreign exchange.
DEREK SMITH: The culture of information security awareness
Cybercriminals enjoyed an excellent year in 2021. According to positive technologies, a cybersecurity leader to many Fortune 100 companies, the “number of attacks on retail more than doubled from 2018–2019 to 2020–2021” with most attacks targeting services and customers. Even with security innovations, this presents a grim picture for businesses and government agencies.
Overdue revamp coming for business legislation
The Attorney General said yesterday that part of the government’s upcoming legislative agenda will be bringing “company laws up to date”.
Outgoing president promises ‘smooth transition’
THE Nassau/Paradise Island Promotion Board will have new leadership with its outgoing president promising a “smooth transition,” to keep the momentum going.
Marijuana legalisation advocate: Gov’t ‘kicking the can down the road’
A marijuana legalisation advocate has asked why the government “keeps playing games with the Bahamian people” on the legalization of marijuana and industrial hemp.
School supplies vat holiday gives boost for retailers
RETAILERS are gearing up to take advantage of the late renewal of the Value Added Tax (VAT) holiday for school supplies.
IAN FERGUSON: Obstacles still in the path of women in business
Over the past century, women have made great strides in politics, civic society and business.
‘No future’ for Freeport’s Bazaar which nobody wants
THE Grand Bahama Chamber of Commerce president says he is not surprised fires continually happen at the International Bazaar because vagrants have moved in and no one wants to take full ownership of the “derelict” property.
‘Revenge tourism’ is driving big return
A CABINET minister says the government doesn’t want to stifle “revenge tourism,” as it is leading the economic rebound from the COVID-19 economic shutdown.
Trade stats show continuing rebound
NEW trade data suggests a rebound for the Bahamian economy as imports and exports are up year-on-year.
Sharks that don’t bite
THE SBDC/Access Accelerator’s Summer Entrepreneurial Training & Mentorship (SET) series kicked off its first of three pitch nights in grand style awarding $25,000 in cash prizes to local small business owners.
Cruise line provides route to Leslie’s dream
WHEN Leslie Gibson accepted a position on Royal Caribbean International’s Perfect Day at Coco Cay during the height of the COVID pandemic, he didn’t imagine the opportunity would lead him to his dream job.
What’s the explorers’ end game?
THE lawyer for the Spanish government acting on its international treasure recovery efforts says the artefacts of a 17th century Spanish galleon found off the coast of Grand Bahama should be in a museum and not for profit-making.
