{"id":169147,"date":"2023-10-09T06:00:00","date_gmt":"2023-10-09T11:00:00","guid":{"rendered":"https:\/\/www.ict-pulse.com\/?p=169147"},"modified":"2023-10-08T11:42:41","modified_gmt":"2023-10-08T16:42:41","slug":"roundup-for-the-week-ending-8-october-2023","status":"publish","type":"post","link":"https:\/\/ict-pulse.com\/2023\/10\/roundup-for-the-week-ending-8-october-2023\/","title":{"rendered":"Roundup: for the week ending 8 October 2023"},"content":{"rendered":"\n

A roundup of the latest ICT\/technology news from across the Caribbean region for the period Monday 2 October to Sunday 8 October 2023.<\/em><\/p>\n\n\n\n

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Monday, 2 October 2023<\/h3>\n\n\n\n

ArawakX blames BOB \u2018mislabel\u2019 for fund commingling allegation<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 The Bahamas\u2019 first-ever crowdfunding platform is alleging that the \u201cmislabeling\u201d of its accounts by a BISX-listed bank created the \u201cprejudicial impression\u201d that it was commingling investor\/client funds with its own\u2026 more<\/a><\/p>\n\n\n\n

ArawakX CEO fires back<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 Firing back at the\u00a0Securities Commission of The Bahamas (SCB),\u00a0ArawakX CEO and Chairman D\u2019Arcy Rahming Sr. argued that his company is not insolvent and there was never any commingling of client funds\u2026 more<\/a><\/p>\n\n\n\n

ArawakX: Our \u2018$70m pipeline\u2019 is neglected<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 ArawakX\u2019s chairman is asserting that\u00a0regulators are placing too much emphasis on \u201caccounting law\u201d and ignoring \u201cpipeline\u201d business that could be worth up to $7m in fee income for the platform\u2026 more<\/a><\/p>\n\n\n\n

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ArawakX rejects regulator\u2019s insolvency claims, slams winding-up \u201cambush\u201d<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 ArawakX\u2019s chairman and chief executive has roundly rejected assertions by the Securities Commission that the crowd-funding platform was insolvent to the extent of $2.4 million and guilty of any regulatory breaches or irregularities\u2026 more<\/a><\/p>\n\n\n\n

Prime Minister\u2019s Office denies meeting with FTX founder to discuss national debt payment<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 The Office of the Prime Minister is refuting claims that embattled FTX founder Sam Bankman-Fried met with Prime Minister Philip Davis to discuss paying off country\u2019s $11 billion national debt\u2026 more<\/a><\/p>\n\n\n\n

Sebas e-commerce platform launches courier services<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 The e-commerce provider owned by Sebas Bastian and his partners has confirmed its expansion into freight forwarding services via a sales tax-free US address\u2026 more<\/a><\/p>\n\n\n\n

AI Expo to highlight possibilities for digital innovations in Guyana<\/h4>\n\n\n\n

Guyana <\/em>\u2013 Local firm V75 Inc. will stage an AI-4D exhibition on November 24, 2023 with the aim of demonstrating the possibilities new technologies hold for development\u2026 more<\/a><\/p>\n\n\n\n

Carnival creators contemplate AI<\/h4>\n\n\n\n

Trinidad and Tobago <\/em>\u2013 AT A symposium hosted by Queen’s Hall on September 18, nine Carnival or Carnival-adjacent practitioners and two technology experts discussed the impact of artificial intelligence (AI) on two panels\u2026 more<\/a><\/p>\n\n\n\n

Digicel\u2019s MyCash gets provisional e-money approval<\/h4>\n\n\n\n

Trinidad and Tobago <\/em>\u2013 MYCASH (Trinidad and Tobago) Ltd was issued provisional registration by the Central Bank yesterday to issue electronic money locally\u2026 more<\/a><\/p>\n\n\n\n

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Tuesday, 3 October 2023<\/h3>\n\n\n\n

Crowdfunding could help GB businesses, Adderley says<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Chairman of the Securities Commission of The Bahamas [SCB] K. Neville Adderley, a retired judge, believes crowdfunding is an ideal tool to start and advance small- and medium-size businesses, particularly in Grand Bahama\u2026 more<\/a><\/p>\n\n\n\n

Sam Bankman-Fried offer to pay national debt \u2018never entertained\u2019, says OPM<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 THE Office of the Prime Minister said Prime Minister Philip \u201cBrave\u201d Davis never entertained proposals from Sam Bankman-Fried to pay off the country\u2019s national debt\u2026 more<\/a><\/p>\n\n\n\n

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URCA in crackdown over communications outages<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 Regulators last night voiced their displeasure with inconsistent and delayed reporting of network outages by Bahamian communications providers as they moved to better protect consumers from such disruption\u2026 more<\/a><\/p>\n\n\n\n

San Pedro Building Unit goes entirely online<\/h4>\n\n\n\n

Belize<\/em> \u2013 As of October 1st, anyone in San Pedro Town, Ambergris Caye, needing to reach out to the Building Unit for a building permit will be required to do so online\u2026 more<\/a><\/p>\n\n\n\n

Gov\u2019t Committed to Modernising Services Delivered<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 Cabinet Secretary, Audrey Sewell, says the Government is committed to modernising its services and enhancing the customer experience for all citizens and persons doing business with Jamaica\u2026 more<\/a> \u00a0<\/p>\n\n\n\n

tTech, Hitachi to educate businesses on cyber incident planning<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 Managed IT services company tTech Limited has teamed up with international cybersecurity experts, Hitachi Systems Security Inc., to educate Jamaican businesses on the management of critical cyber incidents\u2026 more<\/a><\/p>\n\n\n\n

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Wednesday, 4 October 2023<\/h3>\n\n\n\n

BTC fiber uptake beating company\u2019s projections<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 The Bahamas Telecommunications Company (BTC) has experienced \u201crecord growth\u201d in its fiber uptake in the market, the company said yesterday\u2026 more<\/a><\/p>\n\n\n\n

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BTC sees record growth in broadband business as company exceeds its targets in Q3<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 BTC is reporting record growth in its broadband business due to high demand for fiber services, with the company exceeding its targets in the third quarter\u2026 more<\/a><\/p>\n\n\n\n

Six regional regulators sign historic MOU<\/h4>\n\n\n\n

Caribbean <\/em>\u2013 The Office of Utilities Regulation (OUR) in Kingston, Jamaica, the Eastern Caribbean Telecommunications Authority (ECTEL) in Castries, Saint Lucia, and representatives of four (4) National Telecommunications Regulatory Commissions (NTRCs) in the ECTEL Member States, signed a historic Information Sharing Memorandum of Understanding (MOU) at a virtual signing ceremony on Tuesday, October 3, 2023\u2026 more<\/a><\/p>\n\n\n\n

Lifespan taking customers into the metaverse<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 LIFESPAN Spring Water company is introducing another innovation, with its customers being invited to engage with the metaverse and getting a chance to win non-fungible tokens (NFTs), a first for any campaign locally\u2026 more<\/a><\/p>\n\n\n\n

Regulations for data protection law to go before Parliament in ‘a few weeks’ – Morris Dixon<\/h4>\n\n\n\n

Jamaica<\/em> \u2013 Minister in charge of skills and digital transformation Senator Dr Dana Morris Dixon says in a “few weeks” she will bring to Parliament, the regulations to govern\u00a0the implementation of Jamaica’s data protection law\u2026 more<\/a><\/p>\n\n\n\n

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Thursday, 5 October 2023<\/h3>\n\n\n\n

ArawakX won\u2019t give top investor his 22%<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 The Bahamas\u2019 first-ever crowd-funding platform plans to bar its largest investor from taking a 22 percent equity stake in the business following the fall-out that triggered its present regulatory woes\u2026 more<\/a><\/p>\n\n\n\n

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Digital provider seeks Out Island pay-kiosk partners<\/h4>\n\n\n\n

Bahamas <\/em>\u2013 A Bahamian digital payments provider yesterday said it is rapidly expanding its network of Family Island fast-pay kiosks as requests to partner with it continue to mount\u2026 more<\/a><\/p>\n\n\n\n

Accountants embrace AI<\/h4>\n\n\n\n

Caribbean<\/em> \u2013 Financial professionals share a sense of optimism about digital transformation, including artificial intelligence (AI)\u2026 more<\/a><\/p>\n\n\n\n

Building your personal brand in a digital age<\/h4>\n\n\n\n

Caribbean <\/em>\u2013 In an age where digital footprints often carry more weight than physical interactions, the concept of personal branding has emerged as a pivotal element in professional and personal success\u2026 more<\/a><\/p>\n\n\n\n

Surveillance drones arrive on the Dominican border<\/h4>\n\n\n\n

Haiti<\/em> \u2013 With the aim of making the work more efficient and documenting the actions of migration control operations on Dominican territory, more particularly along the border with Haiti, the General Directorate of Migration (DGM) indicated that a new surveillance system in real time by drone will be implemented\u2026 more<\/a><\/p>\n\n\n\n

Budget 2024: Digital transformation key priority<\/h4>\n\n\n\n

Trinidad and Tobago <\/em>\u2013 IN his 2024 budget presentation on Monday, Finance Minister Colm Imbert asserted that digital transformation remains one of the government’s top priorities\u2026 more<\/a><\/p>\n\n\n\n

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Friday, 6 October 2023<\/h3>\n\n\n\n

Bahamian\u2019s action on $28m FTX aircraft \u2018nonsensical\u2019<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 FTX\u2019s US chief yesterday branded a Bahamian entrepreneur\u2019s bid to protect his rights over aircraft worth $28m as \u201cnonsensical\u201d and sought to dismiss his \u201coral \u2018handshake deal\u2019\u201d with Sam Bankman-Fried\u2026 more<\/a><\/p>\n\n\n\n

\u2018Irresistible inference\u2019 ArawakX misused client funds to pay bills<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 ArawakX\u2019s use of a loan from its largest investor to pay sums due to crowd-funding issuers and subscribers creates \u201cthe irresistible inference\u201d it was using client funds to cover operating expenses, regulators charged yesterday\u2026 more<\/a><\/p>\n\n\n\n

Regulator: ArawakX portal provider owed $28k debts<\/h4>\n\n\n\n

Bahamas<\/em> \u2013 ArawakX\u2019s assertion that it faces no creditor demands is contradicted by complaints it has failed for months to settle a $28,000 bill due to the firm that serviced its crowd-funding portal, regulators alleged yesterday\u2026 more<\/a><\/p>\n\n\n\n

Cryptoasset ecosystem in the region shows significant growth<\/h4>\n\n\n\n

Caribbean <\/em>\u2013 A new study has found that the cryptoasset ecosystem in Latin America and the Caribbean has shown substantial growth, with the number of firms more than doubling since 2016\u2026 more<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

World Bank Economic Review: Digital Solutions Can Fuel Growth, Inclusion and Better Governance in the Caribbean<\/h4>\n\n\n\n

Caribbean <\/em>\u2013 Latin America and the Caribbean (LAC) made progress in macroeconomic resiliency over previous decades and navigated the multiple post-pandemic crises with relative success. Yet, according to a new World Bank report, growth remains inadequate to reduce poverty and create jobs, while fiscal constraints limit necessary investments\u2026 more<\/a><\/p>\n\n\n\n

Ibex to hire 2,000 new employees at upcoming job fair<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 MORE jobs are on the horizon within the business process outsourcing (BPO) sector, as Ibex Global Jamaica is set to host a job fair in Portmore, St Catherine, this weekend\u2026 more<\/a><\/p>\n\n\n\n

MOE launches digital skills project for teachers<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 Ministry of Education and Youth Permanent Secretary Dr Kasan Troupe (left) speaking at the launch of the Inter-American Development Bank\u2019s Digital Skills Project at the Ministry of Education and Youth on Wednesday. Looking on is Dr Winsome Gordon, chief executive officer, Jamaica Teaching Council\u2026 more<\/a><\/p>\n\n\n\n

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Saturday, 7 October 2023<\/h3>\n\n\n\n

Report all cyber security threats immediately \u2013 NDMA General Manager urges Govt. agencies<\/h4>\n\n\n\n

Guyana <\/em>\u2013 General Manager of the National Data Management Authority (NDMA), Christopher Deen recently underscored the urgency of dealing with cyber security threats, and has advised all Heads of Government Ministries and Agencies to report all threats as soon as they are detected\u2026 more<\/a><\/p>\n\n\n\n

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Sunday, 8 October 2023<\/h3>\n\n\n\n

Cybersecurity takes sharp focus at TechCon by tTech 2023<\/h4>\n\n\n\n

Jamaica <\/em>\u2013 For the first time since its inception in April 2018, local technology and business conference TechCon by tTech, was held in October to recognise Cybersecurity Awareness Month\u2026 more<\/a><\/p>\n\n\n\n

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Images credit: congerdesign (Pixabay<\/a>); ArawakX<\/a>; The Bahamas Weekly<\/a><\/em>; BTC (Facebook<\/a>); Wikipedia<\/a>; Wikimedia Commons<\/a><\/p>\n\n\n\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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