RBC racing to replace card amid fraud fears
Royal Bank of Canada (RBC) last night said it was racing to replace its “magnetic strip” debit cards in The Bahamas after fears were raised that they are vulnerable to fraud.
Ukraine invasion ‘serious concern’ for local tourism
Tourism executives yesterday warned that Russia’s invasion of Ukraine is a “serious concern” for The Bahamas’ post-COVID recovery as the sector pushed for further easing of health restrictions.
IAN FERGUSON: Ways to maximise your online selling
Taking your business online, and using a website that allows customers to access your goods and services, is no longer a highly technical challenge. Globally, most companies that have a physical store have already made strides in incorporating online sales into their business mix.
Bahamas ‘first’ to serve aviation security model
The Bahamas was yesterday said to have gained “a competitive advantage” through an aviation security “first” that will serve as a model for the US government’s international roll-out plans.
Contractors at ‘great risk’ in Act’s absence
An ex-Bahamian Contractors Association (BCA) president yesterday said enforcing legislation to protect the industry was “foremost” among its concerns as operators are at “great risk” without it.
Inflation drives 5% price rise at high-end project
A Bahamian developer yesterday disclosed he has increased prices on the multi-million dollar units in his latest project by 5 percent in response to soaring construction materials costs.
Small businesses brace for 25% consumer spend drop
Bahamian small businesses were yesterday said to be bracing for up to a 25 percent drop-off in consumer demand compared to pre-COVID levels as inflation chips away at buying power.
Switching banks like ‘giving birth’
The Bahamas must make it easier for customers to switch banks and thereby boost competition, a senior banker agreed yesterday, as he likened the current process to “giving birth”.
BTC revenues $17.4m off pre-COVID levels
The Bahamas Telecommunications Company’s (BTC) 2021 full-year revenues were $17.4m below pre-COVID levels despite representing a 4.9 percent year-over-year gain on 2020.
Bahamas at ‘critical point’ in gaining COVID balance
The Bahamas has reached “a critical juncture” in its battle against COVID-19 where it must balance saving lives and preserving livelihoods, the Inter-American Development Bank (IDB) is warning.
‘Missed generations’ now threaten farming
The Bahamas has “missed generations of farmers” by failing to attract young entrepreneurs to agriculture, a Cabinet minister said yesterday, warning that this threatens the sector’s sustainability.
Extend remote working to mitigate energy cost surge
Businesses were yesterday urged to mitigate the impact of rising energy and fuel costs by allowing the remote working practices that flourished as a result of COVID-19 to continue.
Taxi call-up app to launch next month
An app that will allow Bahamian consumers to call for a taxi from anywhere, and at any time, will be launched next month, the Taxi Cab Union’s president said yesterday.
Greater funeral attendance no major boost for homes
Increased funeral attendance at churches will not produce a major boost for funeral homes, it was revealed yesterday.
Civil service increments delay on finance sick-out
A Cabinet minister says the next round of increment payments to civil servants will not happen on schedule because of the finance officer sick-out that cost the Government some $7.5m.
