Regulatory easing for BTC on double-digit mobile fall
Regulators are proposing to ease the Bahamas Telecommunications Company’s (BTC) regulatory burden after its mobile revenue share suffered annual double-digit declines in each of the five years after Aliv entered the market.
Geo-monopoly
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Prices plummeted around the world after Russian troops invaded Ukraine. But no stock exchange has been hit as hard as the Moscow Stock Exchange.
Breaking down inflation and the policy response
To kickstart this article, let us make clear that a small amount of inflation is a good thing.
FINCO chief warns on low growth ‘challenge’
FINCO’s chairman has warned shareholders it will “continue to be challenged” with low growth and credit losses despite a more than four-fold increase in net income to $39.235m for the 2021 financial year.
URCA: What’s App won’t fully replace mobile calling
What’s App and other over-the-top (OTT) applications are “unlikely” to fully replace traditional mobile phone calls and text messages despite their 97 percent penetration of the Bahamian subscriber base, regulators believe.
DEREK SMITH: Climate change risks key board discussion
Continued attention is being paid to climate change. In 2020, billionaires such as Jeff Bezos announced the establishment of a $10m fund to combat climate change.
‘Don’t imperil’ citizens over taxation reforms
Tax reform must “not imperil” the Bahamian private sector and citizens, a governance reformer is warning, adding that income taxation is not a cure-all for the country’s fiscal and economic woes by itself.
Blockchain operator blasts ‘unfounded’ $20m lawsuit
A Bahamian blockchain and digital assets firm has slammed a $20m damages claim as “unfounded”, asserting that it was lavished with praise by the party making the allegations less than five months earlier.
Bahamas ‘open for business’ with latest COVID upgrade
The Bahamas is “unquestionably” in a strong competitive position after US federal health authorities confirmed this nation’s COVID ranking is set to be upgraded to ‘moderate’, a top hotelier said yesterday.
Carnival’s private island plan to up arrivals 48%
The $80m expansion of a cruise line’s private island will create 200 construction jobs, and an extra 80 full-time posts, through growing annual visitor arrivals by 48 percent compared to pre-COVID volumes.
Labour chief asserts whimper greeted COVID furlough end
The COVID furlough period’s end sparked very few worker terminations, the Government’s top labour official is asserting, with Nassau Cruise Port’s need for 250 construction workers “a good indicator” of the economy’s growing revival.
‘Don’t pull the rug from under’ $1m expansion
A Bahamian manufacturer, poised to double its workforce following a $1m expansion, yesterday urged the Government not to “pull the rug out from under us” with hasty tariff cuts that remove what little protection exists for local industries.
Atlantis chief: Our staff ‘need pay increase now’
Atlantis is awarding its unionised employees a 3 percent “across-the-board” pay increase with effect from April 25, its top executive saying: “Our team members need an increase now”.
COVID mask deterrent ease for cruise tourists
The Government’s COVID enforcers have eased the mask-wearing mandate for cruise ship passengers as vessel occupancy for Nassau berths hit a post-pandemic record of 91 percent last Friday.
Minimum wage rise to benefit 25% of workers
The Government’s top labour official yesterday said almost 60,000 Bahamian workers will benefit from a recommended minimum wage increase that will soon be submitted to the Government for its approval.
