DPM: Blockchain could have halted Jean-Rony's exile
THE Deputy Prime Minister yesterday said blockchain technology can revolutionise the way business is done in the Bahamas, and pledged: “We can be the digital leaders in this region.”K P Turnquest, speaking at the opening of an Inter-American Developm
Two years for Credit Bureau to start work
A Bahamian credit bureau will take 18-24 months to become operational once supporting legislation is enacted, the Deputy Prime Minister said yesterday.During his contribution to the House debate on the Credit Reporting Bill and accompanying regulatio
'Hot shot' program stands test of time
CORELDRAW, still a ‘hot-shot’ program, was first released in January 1989, running on the Windows 2.x operating system. Today, the software is still used by many people, with the latest version primarily still designed for Windows. There were several
DPM hails Vacation Express GB return
THE Deputy Prime Minister has hailed Vacation Express’s return with additional flights as a “good sign” for Grand Bahama’s tourism sector.“I think it is an indication that a number of travel agencies and booking agencies recognise that Grand Bahama i
Contractors' WTO 'survival' threatened by no regulation
The Bahamian Contractors Association’s (BCA) president yesterday warned it was “critical to our survival” under WTO for the Government to finally enact regulation of the $2 billion industry.Leonard Sands told Tribune Business it was “beyond urgent” t
RBC: Only university graduates need apply
A TOP Royal Bank of Canada (RBC) executive yesterday cited the inadequate Bahamian education system for forcing it to “adjust” its recruiting policy and target university students/graduates for even the most basic positions.Tim Rider, RBC Caribbean’s
RBC's middle class mortgage appetite 'severely diminished'
A ROYAL Bank of Canada (RBC) executive yesterday said its appetite to lend mortgages to middle and lower class Bahamians was “substantially diminished” due to inadequate market infrastructure. Tim Rider, RBC Caribbean’s senior vice-president of sales
GB Chamber chief fears more closures
THE Grand Bahama Chamber of Commerce’s president yesterday expressed concern that further Freeport businesses may close following the Prime Minister’s more downbeat appraisal on the Grand Lucayan sale.Mick Holding told Tribune Business he was surpris
$1m factoring scheme in SME funding 'firsts'
A “first ever” $1 million accounts ‘factoring’ scheme aims to aid “well over 100” Bahamian small businesses immediately following its summer 2018 launch. Omni Financial Group, the Bahamian payments solutions provider, yesterday hailed its partnership
Bahamas to adopt UN model arbitration law
THE Bahamas is aiming to adopt the United Nations (UN) model law on arbitration, Cabinet minister said yesterday.Brent Symonette, who was speaking at the opening of Royal Fidelity’s Economic Outlook conference, said: “We hope to adopt the UNCITRAL mo
Over 170 attend seminar on FINTECH possibilities
MORE than 170 executives from over 50 companies attended last week’s financial technology (FINTECH) seminar hosted by the Bahamas Financial Services Board (BFSB) and ALIV.“FINTECH is changing the way that we do business, and it’s imperative that we u
Family Islands told: 'Don't miss a beat' on bank exits
FAMILY Island residents were yesterday told by a Bahamian payments solution provider: “Don’t worry about a thing” when it comes to commercial bank pull-outs.Dr Johnathan Rodgers, the Omni Financial Group’s founding partner, pledged that the company w
Bahamas facing squeeze between China and US
THE Bahamas must leverage its relationships with the United States and China “strategically” to achieve its own development goals, a global affairs specialist said yesterday, adding that this requires a strong governmental system.Jamie Metzel, one of
Aliv unveils $45,000 BFSB sponsorship
ALIV has entered into a $45,000, three-year exclusive telecommunications sponsorship with the Bahamas Financial Services Board (BFSB).The partnership, which began in November 2017, will result in funds being donated to the BFSB through cash or techno
Remove 'red herrings' from Business Licence
The Government was yesterday urged to ease private sector anxieties by removing long-standing “red herrings and misnomers” associated with the Business Licence renewal process.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) presiden
