Payment provider enters wedding promotion
A digital payments provider is expanding its brand into the wedding business by partnering to provide a payment solution for micro-wedding promotion.
Port Authority initiatives sees new micro-business growth
NEARLY 200 new micro-businesses are licensed to do business in Freeport following two initiatives launched by the Grand Bahama Port Authority earlier this year.
Back to school with little sales bump
Retailers are holding their breath for a bump in sales stemming from whatever form schools reopen next month.
Activists in new court filing over oil drilling
TWO leading environmental groups have filed a Supreme Court application to discontinue a judicial review of the government’s approvals concerning Bahamas Petroleum Company’s exploratory drilling in Bahamian waters.
Cooper: AG suggestion of change to beneficial ownership act ‘laughable’
PLP deputy leader Chester Cooper has called the attorney general’s explanation of how money was spent from a $250m International Monetary Fund loan “laughable” as well as a possible “violation” of the terms of the loan.
Eleuthera calls bridge upgrade ‘waste of time’
SOME Eleuthera businesses say it is a waste of money to repair or rebuild the Glass Window Bridge and it would be better to build a causeway on the Bahama-bank side instead.
Governance reformer: Secure procurement process, integrity
SECURING procurement integrity must be two-fold with a specific process for resolution as well as any legislation having strong technical systems in place, says a governance reformer.
The world leading sand dollar
ActivTrades
LAST year The Bahamas became a global leader in e-money, after launching its own Central Bank Digital Currency (CBDC), the Sand Dollar, ranked number one in the PwC Global CBDC Index. A remarkable achievement for the nation, that captured headlines around the world. But what is a CBDC? Should other nations follow the example of The Bahamas? Why not instead adopt an existing cryptocurrency, like bitcoin, for example, like El Salvador did?
Water supplier challenged by 400% raw material increase
A Bahamian bottled water supplier says sourcing raw materials is the “challenge of the day” sparked by freight charges ballooning by over 400 percent.
Baker’s Bay to test charge for unvaccinated staff
BAKER’S Bay will today begin charging unvaccinated staff for mandatory COVID-19 testing while inoculated employees will be given test frees of charge until the Club hits its target of 70 percen of the workforce having received a jab.
Manufacturers: Sales returning but not close to 2019 levels
SOFT drink manufacturers have reported soft sales numbers despite the recent hot weather.
Luna owner’s ‘nightmare’ on $734k debt deadline
A Bahamian businessman yesterday said he is facing the “nightmare” prospect of losing his near 40-year investment in just 45 days’ time if he cannot pay a $734,222 tax debt owed to the Government
Bahamas at pre-COVID airlift by fourth quarter
A Cabinet minister yesterday predicted incoming airlift to The Bahamas will return to pre-pandemic capacity of 4,000 seats daily by the 2021 fourth quarter with airline confidence “going through the roof”.
Bahamas’ ‘first class fills before economy’
The Bahamas’ tourism rebound is seeing “first class fill up before economy class”, a Cabinet minister said yesterday, estimating that as much as 80 percent of the industry’s economic impact has returned.
Disney: ‘We’ve struck right tone’ on Eleuthera project
Disney Cruise Line’s president yesterday asserted the cruise line had “really struck the right tone” in balancing economic development with conservation at a Lighthouse Point project it hopes to start this year.
