Bahamian content creators losing out over ‘thousands’
A Bahamian content creator said the sector is missing out on “hundreds of thousands of dollars” in revenue due to difficulties in obtaining payment from abroad, and hopes digital assets will provide a much-needed cure.
Cybercrime beats clients as greatest fraud threat
Cybercrime now poses a greater threat to global businesses than customer fraud, a PricewaterhouseCoopers (PwC) survey has revealed, with hacking incidents rising in line with the digital economy’s accelerated growth due to COVID-19.
Bank wipes out $30m loss in three months
A BISX-listed bank says its best first quarter for a decade has more than wiped out the near-$30m full-year loss it suffered for 2021, which was sparked by a 41.4 percent jump in bad loan impairments driven by COVID-19 fall-out.
‘Tremendous ignorance’ on VAT breadbasket row
The Coalition for Responsible Taxation’s (CRT) head has slammed “the tremendous amount of ignorance” shown by Bahamian politicians from all sides in the continued debate about eliminating VAT on so-called ‘breadbasket’ items.
‘No time to celebrate’ on better fiscal signs
While the better-than-expected fiscal performance gives the Davis administration “something to hang their hat on” heading into the upcoming 2022-2023 Budget, it was yesterday warned: “It’s not time to celebrate yet.”
Hope and Fear
ActivTrades
THE recovery on the European financial markets continued vigorously in the second half of last week. Good corporate balance sheets and low prices beat fears of war and the return of COVID lockdowns.
Atlantis launches seaplane tie-up with Kamalame Cay
Atlantis has moved to better enable its guests to “experience the sheer beauty of the Family Islands” with this week’s launch of its partnership with Coco Bahama Seaplanes and Kamalame Cay.
Closing the circle: Getting to the root causes of crime
In recent news headlines, we have seen more than 20 young men being murdered on New Providence in March.
Digital assets ‘shot in the arm’ sparks accountants to reunite
The Bahamas’ entry into the digital assets space sparked two well-known accountants to speed up their reunion after a decade apart by merging their two firms with effect from yesterday.
Regulators to demand BPL fuel hedge report
Regulators will demand “a comprehensive report” from Bahamas Power & Light (BPL) on the effectiveness of a fuel hedging strategy that has been the subject of much recent controversy.
Gas stations hope for industry ‘modernising’
Gas station dealers are hoping the Government will either agree to a margin increase or “modernising” the industry’s structure, with a solution agreed before the 2022-2023 Budget is unveiled in just over three weeks’ time.
Investment protection focus for digital assets regulation
The Securities Commission’s top executive has foreshadowed the roll-out of more digital asset regulations as it begins focusing on “investment protection” in the cryptocurrency space.
‘World’s in worst state that I have ever seen’
Super Value’s principal has voiced hope that “we can do better than” the World Bank’s dire prediction of high food prices lasting for three years, but conceded: “The world is in the worst state I’ve ever seen.”
Disney triples construction workforce promise to 300
Disney Cruise Line yesterday revealed it is near-tripling the number of construction jobs created by its Lighthouse Point project to 300 amid hopes that Eleuthera can attract up to $1bn in total investment over the next decade.
Vacation rental fears on ‘full package’ VAT
A Bahamian vacation rental website developer yesterday voiced concern that the Government’s plans to impose VAT on “the full package” will undermine the industry’s affordability and competitiveness.
