Ex-minister: Ditch RBC over zero deposit rates
A former Cabinet minister yesterday urged Bahamians to pull their money from Royal Bank of Canada (RBC) after it cut interest rates on savings accounts and term deposits to zero.
‘Blind attorney’ loses over fresh $30m estate appeal
A Bahamian attorney who alleged he was “legally blind” has suffered another defeat in his bid to appeal sanctions imposed upon him relating to the management of a $30m estate.
GB requires ‘critical mass like yesterday’
Grand Bahama’s Chamber of Commerce president says the island needs to regain critical mass “like yesterday”, adding: “We desperately need jobs here.”
Entrepreneur relives exporting ‘nightmare’
A Freeport entrepreneur yesterday branded exporting a “nightmare” due to costs that are more than quadruple product prices and delays encountered in getting sales to customers.
Ex-minister: Economy ‘too open’ for COVID
A former health minister is warning The Bahamas “will regret” failing to impose tougher curbs to control COVID-19 as the economy is “far more open than it ought to be”.
CIBC: ‘Business as usual’ for Bahamas despite regional sale
CIBC FirstCaribbean yesterday said it was “business as usual” for its Bahamas operations despite its move to exit five smaller regional jurisdictions.
AID’s $1.5m reason for ‘no Christmas stock shortages’
A major Bahamian retailer yesterday pledged there will be “no Christmas inventory shortages” despite ongoing global supply chain disruption, with $1.5m in merchandise due to arrive this month.
Nassau’s first five-ship arrivals since COVID
Nassau Cruise Port will today host five vessels for the first time since COVID-19 struck in March 2020, its top executive asserting: “We’re on the road to recovery.”
Family Island resorts ‘psyched’ on rebound
A senior tourism executive yesterday said Family Island hotels are “pretty psyched” about the upcoming winter season as they remain on track to beat 2021 forecasts by near 20 percentage points.
Cruise vaccination policy to be extended into 2022
The deputy prime minister yesterday said the cruise ship passenger COVID-19 vaccination policy will be extended into 2022.
Major overtime pay win for employees
A minimum wage security guard has been awarded nearly $11,000 after the Industrial Tribunal ruled that companies and their employees “cannot lawfully contract out” of paying overtime rates.
‘Don’t be dictated to’ by 15% corporate tax
The Bahamas “shouldn’t be waiting for someone to dictate to us” and must act now on tax and Business Licence reform ahead of the global push to a minimum 15 percent corporate tax.
Activist: Disney ‘first test’ for Gov’ts words, actions
Activists yesterday said Disney’s Lighthouse Point project will be “the first test” for the Davis administration when it comes to “matching words” in Opposition to “actions” when in government.
Buy the future
ActivTrades
Investors are buying the future on stock exchanges worldwide. Let us look into the possibly important developments and sectors for the next decade. The COVID- 19 pandemic is dividing the economy into an old and a new world. We see the following trends up to 2030 that could provide opportunities for investors:
Going the extra mile on compliance culture
Globally, many companies have struggled to meet investor expectations and remain competitive following the COVID-19 pandemic’s start. Regulatory environments have been enhanced, both globally and locally, to protect stakeholders while simultaneously cultivating an atmosphere for innovation and growth.
