‘Creatures of evolution’: Digital firm to top $130m
A Bahamian digital payments provider yesterday predicted it will this year “top” the $130m worth of transactions it settled in 2021, and said of this shift: “This is not going to be the norm; it is the norm.”
Airports must give ‘awe, not dismay’
A senior Ministry of Tourism official yesterday affirmed that stopover visitors generate “26 times’ more in visitor spending” than cruise passengers as he hailed Eleuthera for “leading the way in increased airlift” capacity.
SOE reforms critical to economic revival
For those who pay attention to The Bahamas’ affairs, it is clear the challenges we face today could be with us for a while yet.
Recognise the talent within all employees
In large companies and government agencies, we often run into the challenge of viewing team members as multiple ‘fish’ swimming in a large ocean. Sometimes our companies become so large and impersonal that people - and their talents and gifts - get lost in the fray. I understand this all too well, as I have in many cases felt undervalued in various companies where I have served, both socially and from a work perspective.
Traditional finance providers have ‘duty’ to embrace crypto
Deltec Bank & Trust’s chairman yesterday asserted that traditional financial services providers have a “duty” to help innovators in the digital assets and crypto currency space.
Deltec chief: Banks quietly investing in crypto talents
A Bahamian financial institution’s chief executive yesterday said traditional financial services providers are quietly making “huge investments” in digital assets talent and infrastructure as they embrace the inevitability of its evolution.
‘Thunderball’ causes storm on Staniel Cay
The Supreme Court this week extended the construction halt on a property at the centre of an escalating dispute between Staniel Cay homeowners over fears it is a boutique hotel development in disguise.
Permit ‘backdoor’ allows developers to evade law
The immediate past environment minister has warned that the permitting system “creates a backdoor” for developers “to cloak their boutique hotels as single family residences” and evade Bahamian law.
Super Value principal backs VAT’s breadbasket removal
Super Value’s principal yesterday backed calls to remove VAT from breadbasket foods as a means to ease the burden soaring inflation has imposed on hard-pressed consumers still struggling to recover from COVID-19’s fall-out.
‘No more time to avoid pain’ over NIB reforms
Governance reformers yesterday warned “there is no more time to avoid the pain” associated with saving the National Insurance Board (NIB) as they called for “a clear plan” of rescue that will gain widespread buy-in from society.
Aliv: Third mobile player will damage consumers
Aliv is urging regulators to stop viewing the mobile market as “silos” in its approach to over-the-top (OTT) services such as What’s App, while warning that permitting a third market entrant could undermine investment in 5G technology.
FTX attorney: Be ‘thrilled’ at digital asset feedback
A former Cabinet minister yesterday said the private sector “should be thrilled that the Government has institutionalised” how it will be consulted on the future evolution of the digital assets industry.
Come to Bahamas, PM tells digital asset firms
The Prime Minister yesterday urged digital asset firms to consider establishing a physical presence in The Bahamas while hailing the “transformative” impact the sector will have for all industries and the wider economy.
Second crypto exchange eyes Bahamas expansion
A second cryptocurrency exchange yesterday confirmed it plans to establish and grow a Bahamas presence although it has no plans yet to follow FTX in making this nation a headquarters.
DPM pledges ‘innovative’ digital assets approvals
The deputy prime minister yesterday pledged that the Government’s revamped investment promotion and approvals agency will be “transparent” and “innovative” in how it handles applications from digital assets providers.
