Time for a new global order which deals everyone a fair hand
ActivTrades
SINCE the financial crisis of 2008, the idea that globalisation is doomed gained traction in some circles, fed by the rise of nationalist movements, trade wars, the COVID pandemic and, most recently, the war in Ukraine. The free capital flows and open borders trading, which characterised the global economy over the past four decades, currently face a serious backlash.
WHY SUDDEN AXE FOR BOAT DUTY?
The Opposition last night accused the government of “sneaking” in a tax break for the rich by ordering Customs to eliminate the ten percent duty rate on so-called “pleasure vessels” outside the normal Budget process.
Cut $11.8bn debt ‘absolutely’ amid growing distress fears
The Bahamas must slash its $11.843bn national debt in “absolute” terms, a top banker urged yesterday, after this nation was named among ten countries whose bonds are now trading at “distressed” levels.
Soaring gas prices are a ‘silent killer’
Family Island Chamber of Commerce presidents yesterday described soaring gas prices as “the silent killer” for economic activity, with one branding current pump costs as “crazy”.
Realtor enjoys 25% Freeport sales rise
A prominent Bahamian realtor says sales activity in Freeport has increased by 25 percent over the past year as its economic revival ramps up, adding that the city’s “time has come”.
Workers won't see 'equitable rebound'
Bahamian workers are unlikely to enjoy an “equitable rebound” in employment conditions post-COVID, the Inter-American Development Bank (IDB) is warning, with the pandemic likely to have worsened existing skills gaps and mismatches.
Gov’t ‘adds insult to injury’ with medical VAT reforms
Health insurers have yet to meet the Prime Minister over VAT reforms that threaten to increase medical bills and healthcare costs, with the Government yesterday accused of “adding insult to injury” for thousands of Bahamians.
Corporation’s ‘lifeline’ for tourism businesses
Throughout the Caribbean and in the many parts of the world where tourism reigns, tourism development organisations and agencies have reshaped the template for visitor experiences. The Bahamas’ own Tourism Development Corporation, in similar fashion, is poised to redefine how we deliver goods and services to the tens of millions of tourists who visit our shores annually.
Bahamian digital asset move drives job creation
The Bahamas’ entry into the digital assets space has created at least 30 jobs, and pumped over $5m into the economy, by attracting new broker/dealers and cryptocurrency exchanges to this nation, a financial provider says
DPM ‘not concerned’ on Fintech regulatory threat
The Deputy Prime Minister says The Bahamas is “not concerned” about the potential threat of increased international regulatory pressures and scrutiny due to the growth of its digital assets industry.
Gov’t drafting carbon credit exchange law
The Government is developing legislation to establish a carbon credit exchange in The Bahamas to further boost its ambitions to make this nation “a global centre” for the emerging industry.
One-third of dormant taxi plates ‘rescued’
One-third of the 90 dormant taxi plate holders have paid-off arrears owed to the Government within 48 hours of being warned they would otherwise lose these assets.
Cannabis advocate hails dual track legislation plan
A MEDICAL marijuana and industrial hemp advocate yesterday praised the Government for its dual track approach in seeking to legalise through upcoming legislation.
Capital backs Bahamas: ‘Get past’ 7.2m record
The Bahamas was yesterday urged to quickly “get past” pre-COVID’s record 7.2m visitor arrivals after this nation ranked among the top Caribbean destinations which tourism investment capital is most bullish on.
AG unveils ambition for ‘near shore Delaware’
Insolvency practitioners yesterday said the Attorney General’s ambition for The Bahamas to become “the near shore Delaware of corporate structuring” was both “achievable” and “appropriate” if the correct reforms are made.
