Digital B$ provider eyes 3% banking profits rise
The digital Bahamian dollar’s technology provider believes its roll-out can increase bank profits by three percent despite its US counterpart’s dominant role in circulating currency. Simon Kim, managing director of NZIA Ltd, speaking at the Project
Canadians planning 'clean technology' Bahamas visit
Canada’s High Commissioner has revealed plans for a “clean technology and infrastructure mission” to The Bahamas next month in the wake of Hurricane Dorian. Laurie Peters, pictured , who will address next month’s Bahamas Business Outlook conference
Dorian 'hangover' greater concern for Briland hotels
Harbour Island hoteliers say the post-Dorian “hangover” is a greater concern than the Christmas power blackout, with one resort voicing optimism it can “make up” a 16 percent January booking gap. Dean Spychalla, general director for Valentine’s Reso
Funeral provider gains $186k through SBDC
A Grand Bahama-based funeral services provider has obtained $186,000 in debt financing from the Royal Bank of Canada (RBC) by working with the Small Business Development Centre (SBDC). Le Pavillion, a cemetery and mausoleum service, is owned by Gran
Chamber eyes infrastructure 'bump up' following Briland
Harbour Island’s 72-hour Christmas blackout paves the way for discussions on how to “bump up” infrastructure improvements that are vital to Eleuthera’s growth, the private sector is urging. Thomas Sands, the Eleuthera Chamber of Commerce’s president
More than 75% of Exuma firms eager on digital B$
More than 75 percent of Exuma businesses have shown interest in participating in trials of the digital Bahamian dollar, the Central Bank’s governor says.John Rolle, speaking at the launch of the six-month “pilot test” on the island, said he had been
'Don't be a victim' over blacklistings
The Bahamas “must not take the victim approach” over its French blacklisting, a risk management specialist is warning, but instead set a ten-year “vision” for how financial services and tax will evolve. Emmanuel Komolafe told Tribune Business this n
Harbour Island's outage 'couldn't have been worse'
Furious Harbour Island hoteliers yesterday branded the 48-hour Christmas power outage “a disaster”, adding that it “couldn’t be any worse” with the island “packed to the teeth” with tourists. Benjamin Simmons, the Ocean View Club’s general manager,
Super Value chief ‘welcomes’ BPL’s extra 15% charge
Super Value’s owner says he is prepared to sacrifice short-term for long-term gain if Bahamas Power & Light’s (BPL) extra 15 percent debt servicing charge helps create reduced bills long-term.
Bahamas 'behind 8-ball' but not too late on marijuana
The Bahamas is “a bit behind the eight-ball” in developing a medical marijuana industry, the DNA’s former leader has conceded, arguing: “Let’s get started before it’s too late.”Branville McCartney, pictured, who said legalising the drug had been amon
Exuma 56% 'willing' on mobile payments
More than half of Exuma residents are “likely” to use their mobile phones for financial transactions, making the island a fertile testing ground for the Central Bank’s digital Bahamian currency pilot.The regulator’s survey of Exumian payments habits,
IAN FERGUSON: Using 2020 vision for great success
The year 2020 - by virtue of the number - has caused many in business to pause and consider how best to clarify their vision for achieving greater returns in the New Year. With the many challenges facing today’s small and medium-sized enterprises, th
Freeport energy regulation battle awaiting march trial
The battle to regulate Freeport’s energy sector will be fought before the Supreme Court on March 2020, the Utilities Regulation and Competition Authority (URCA) has revealed.URCA, in its just-unveiled 2020 draft annual plan and budget, disclosed that
Central Bank unveils digital B$ restrictions
The Central Bank has unveiled the limits it will impose on Bahamian digital currency holdings to protect financial stability and prevent “runs on bank deposits”. The regulator, in a paper on the Project Sand Dollar initiative to create a Bahamian di
QC’s ‘collapsed state’ fear if another Dorian
The Bahamas “will be a collapsed state” if Nassau suffers a Dorian-type hit within the next two years, a well-known QC warned yesterday, urging: “This is not the time for half measures.”
