Bahamas provider slams $20m crypto ‘fraud’ claim
A Bahamian financial institution and its affiliate yesterday slammed a $20m damages claim against them as “baseless”, denying they participated in a “conspiracy to sabotage” a virtual token issue.
Bahamas ‘on cutting edge’ with hotel mask relaxation
The Government’s decision to partially lift the COVID mask mandate for resorts was yesterday hailed by a top hotelier as placing The Bahamas “on the cutting edge” of post-pandemic recovery.
Stay ‘neutral’ on Russia sanctions, says provider
A Bahamian financial services provider yesterday argued this nation should take a “neutral” position by not imposing sanctions levied against Russian oligarchs and business entities.
Stagflation fears
ActivTrades
FIRST came the military, then the energy shock. In 1973, it was the Yom Kippur War between Israel and the Arab states that caused oil prices to quadruple within weeks. Now it is Russia’s attack on Ukraine.
Concern on swimming pigs ‘cease and desist’
Opponents of an Adelaide-based swimming pigs attraction are challenging why Town Planning is “entertaining” its application when it has already issued a “cease and desist” order for it to close.
Crypto exchange: Hotel to ‘immerse’ visitors at its HQ
THE world’s second largest crypto currency exchange has included a boutique hotel in plans for its $60m Bahamas headquarters so it can better host visiting clients and business partners.
DEREK SMITH: Sanctions regimes that matter for us
According to the International Monetary Fund (IMF), Vladimir Putin’s war with Ukraine - and the sanctions that followed - will have a serious impact on the global economy. Despite the highly fluid conditions, and extraordinary uncertainty, surrounding the outlook, the economic impact is already being felt throughout the world with the affect on supply chains causing rippling economic shock waves.
‘Nothing sinister’ over $206m Goldman repo
The Government must ensure it has “the expertise to manage the legal and financial risk” arising from its “innovative” $206.5m repurchase deal with Goldman Sachs, a prominent banker says.
Barbers, beauty salons call for mask mandate easing
Barbers and beauty salons yesterday called for the Government to relax its COVID mask mandate with the sector “coming back” slowly from the economic devastation caused by the pandemic.
‘Highly probable’ most of $900m tax debts seized
The Ministry of Finance’s top official yesterday said the Large Taxpayer Unit is “just the start” of major reforms as he revealed it is “highly probable” much of $900m in past due taxes will be collected.
BISX-listed insurer takes ‘conspiracy’ damages hit
A sales agent has been awarded damages for “conspiracy” and defamation against her former BISX-listed employer, which tried to pinch her insurance clients after terminating their relationship.
Bahamian investment overseas to hit $100m
The Central Bank’s governor yesterday forecast investment by Bahamians in overseas capital markets and real estate could this year increase by 25 percent compared to pre-COVID and hit $100m.
US health upgrade gives tourism ‘unabated’ boost
A top hotelier last night said The Bahamas’ long-awaited COVID upgrade by the US health authorities will help ensure “pent-up demand for travel to The Bahamas continues unabated”.
Governor: Bahamas far away from debt default
The Central Bank’s governor yesterday voiced optimism that The Bahamas is far from a sovereign debt default as it retains multiple revenue-raising options including an income tax.
IAN FERGUSON: Social media presence needs constant refresh
As a business professional wanting to improve your personal brand and remain relevant in the marketplace, your social media presence becomes a priority. When was the last time you refreshed and updated your company’s social media pages? Perhaps this article serves as the catalyst you need to do just that.
