DARE on crypto to ‘stay relevant’
The Bahamas has no choice but to embrace fintech and crypto assets if it wants “to remain relevant” in the global economy, a former attorney general warned yesterday.
US ‘jumping to conclusions’ on suspect deals reporting
The US was yesterday accused by a former finance minister of “jumping to conclusions” over its assertion that too few suspicious transaction reports (STRs) are filed by Bahamian banks.
Central Bank’s crypto deposit, credit bar gets mixed reviews
The Central Bank of The Bahamas has received push back to its proposal that banks must not accept crypto currency deposits, or make such loans, to customers.
Dairy Queen makes Pointe with sixth site
The Dairy Queen franchise has expanded its New Providence presence and created ten jobs with the launch of its sixth location at The Pointe in downtown Nassau.
Blue Lagoon takes sustainability award
Blue Lagoon Island, home to the Dolphin Encounters attraction, has received the Travelife Partner award in recognition of its efforts to achieve long-term sustainability and corporate social responsibility.
‘Significant progress’ made in Oban talks
A Cabinet minister yesterday said “significant progress” had been made on several environmental and legal concerns associated with the Oban Energies’ Heads of Agreement (HOA).
Minister reassures on GB electricity ‘theft’
A Cabinet minister yesterday reassured Freeport businesses and residents that the government was still talking to the island’s electricity utility over its response to recent “theft” claims.
Lucayan buyers must be Freeport’s Atlantis
The Grand Lucayan’s new owners must have an Atlantis-type impact to relaunch a destination that will have been “off the market” for at least four years, a Freeport hotelier warned yesterday.
Water Corp unions plan 'wildcat' action
The Water & Sewerage Corporation's (WSC) two trade unions are planning to stage a "wildcat withdrawal of enthusiasm" today amid claims staff morale is at an "all-time low".
WTO to ‘modernise 70-year-old model’
The government is “absolutely correct to modernise a 70-year-old economic model” by seeking full WTO membership, a well-known Bahamian attorney argued yesterday.
WTO ‘no silver bullet’ for GDP growth woes
Full World Trade Organisation (WTO) membership “is not a silver bullet” for solving The Bahamas’ economic growth woes, a Chamber of Commerce executive argued yesterday.
‘Irreparable harm’: Local broker’s fear dismissed by SEC
US federal regulators have dismissed fears that a Bahamian broker/dealer will suffer “irreparable harm” as a result of its probe, accusing its principal of “forum shopping” to defeat their efforts.
Financial provider set to trigger expansion
A Bahamas-based multi-family office, which plans to double its workforce by launching a new business and investment fund, says this nation must avoid the “rogue country” label at all costs.
Ministry’s Kravitz campaign avoids ‘irreparable harm’
The Ministry of Tourism’s Lenny Kravitz-led marketing campaign has escaped “irreparable harm” after a US court barred disclosure of its commercial terms to a former Bahamian beauty queen.
Govt ‘within’ $25m budget for Lucayan
A Cabinet minister yesterday predicted the government “will be within” the $25m budget allocated for the Grand Lucayan, adding that he could “see no impediment to a speedy closing”.
