Crypto advocates call for 'friendly' regulation
A Bahamian cryptocurrency advocate yesterday called for a friendly regulatory regime that would encourage Bahamian entrepreneurs to bring technology-driven solutions to market. Wayne Johnson, a corporate manager for the Zucaz Group, told Tribune Busi
Private island's manager bakes trail for Bahamians
The Bahamian manager of Royal Caribbean Cruise Lines’ CocoCay private island is celebrating 15 years with the company, having ascended to its top onshore position in this nation.Ginea Wilson, who holds a master’s degree in hospitality management, ove
DPM urges GB firms to expand to nassau
The Deputy Prime Minister yesterday urged Grand Bahama businesses to consider Nassau expansion rather than just confine themselves to their home island. KP Turnquest, pictured, made his call while delivering the keynote address at the official openin
Bahamian banker’s life ban on $17m collapse
A well-known Bahamian banker has been barred for life from the securities industry over the “conflicts of interest” and client losses involved in his broker/dealer’s $17m collapse.
Chamber endorses CEO over 10-year securities barring
The Chamber of Commerce last night fully endorsed its chief executive’s performance and integrity after details of his ten-year securities industry ban and total $210,000 fines emerged.Michael Maura, the Chamber’s chairman, in a signed statement desc
Grand Lucayan: 'Many' managers want severance
A “substantial number” of the Grand Lucayan’s middle management staff want to take a severance package and leave the resort, a trade union leader said yesterday.Obie Ferguson, pictured, the Trades Union Congress’s (TUC) president, told Tribune Busine
Sebas: We require 10-12 months for 5% patron levy
Island Luck’s principal last night argued that 10-12 months is needed before web shops can successfully implement the five percent patron tax - a timeline that would cost the Government $20m.Sebas Bastian, pictured, in a September 10, 2018, affidavit
Bahamas broker: We've addressed $120k fine woes
A Bahamas-based broker/dealer yesterday said it had implemented multiple reforms to address legal breaches that resulted in a $120,000 fine from local regulators.Guy Gentile, pictured, head of Bay Street-based Swiss-America Securities, told Tribune B
New chair for BISX-listed bank
Fidelity Bank (Bahamas) majority shareholder yesterday named Scott F Elphinstone as chairman of the BISX-listed retail banking subsidiary with effect from August 22.He replaces D Anthony Jones, who recently retired from the Board. Mr Elphinstone is a
Provider plans 'contactless' digital cash service launch
A mobile payment provider yesterday said it plans to roll-out a digital cash service that will allow Bahamians to make “contactless” transactions with merchants and others.Island Pay, which was founded in 2016, said its Contactless Companion Platform
Bank reformers: 'still much to do'
An anti-bank fee advocacy group yesterday argued there was “still much to do” to improve the industry, and expressed concern about insufficient education on the proposed credit bureau.Dr Denotrah Archer-Cartwright, lead organiser for Citizens Against
'Smarter banking' drives fee declines
THE Clearing Banks Association’s (CBA) chairman yesterday said “smarter banking” by consumers, rather than “across the board” reductions, have driven recent bank fee declines.Gowon Bowe’s comments came following numerous complaints from Bahamians ove
Minister making his Pointe on workforce
A Cabinet minister yesterday fired back at Opposition criticisms over the Government’s handling of labour concerns at The Pointe project, arguing that the situation was worse under the former administration.Dion Foulkes, minister of labour, hit out a
'Marginalise unions and you finish middle class'
The Government and private sector will eliminate the middle class “bedrock of society” if they “continue to marginalise and bypass” trade unions, a senior leader warned yesterday.Bernard Evans, the National Congress of Trade Unions (NCTU) president,
'Move quickly' or lose cannabis' medical potential
THE Bahamas could attract “hundreds of millions” of dollars as a medical cannabis “hub”, a Jamaican scientist said yesterday, urging the Government to “move quickly” or lose out.Dr Henry Lowe, a renowned Jamaican nutraceutical scientist and founder o
