Local Business


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‘Happy medium’ within sight on Business Licence anxiety

The Ministry of Finance’s top official last night voiced optimism that “a happy medium” is close over new Business Licence verification rules that were causing growing private sector anxiety.

‘Condemned’ risk over fiscal watchdog’s continued limbo

The Bahamas risks being “condemned” for failing to sustain a key watchdog with most Fiscal Responsibility Council (FRC) members viewing their tenure as having ended, one has revealed.

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‘No question’ Bahamians feeling $6bn visitor spend

The deputy prime minister yesterday asserted there is “no question in my mind” that all Bahamians are feeling the impact from more than $6bn in tourism spending driven by record visitor arrivals.

Cable: No further NFL blackout ‘anticipated’

Cable Bahamas top executive yesterday said it “doesn’t anticipate” a repeat of Sunday afternoon’s National Football League (NFL) blackout that has sparked a regulatory inquiry.

Cruise port targeting 5.6m visitors in 2024

The Nassau Cruise Port’s chief executive yesterday revealed it expects total passenger arrivals to grow by 27 percent in 2024 to strike a new record of 5.6m for the year.

Gov’t targets $65,000 to repair Potter’s Cay stalls

The Government yesterday said it is trying to raise almost $65,000 to repair stalls belonging to Potter’s Cay Dock vendors that were destroyed by fire two weeks ago.

Battery energy storage ‘sooner rather than later’

Utilities Regulation & Competition Authority (URCA) executives yesterday said battery energy storage systems (BESS) to help drive greater renewable energy usage will be here “sooner rather than later”.

Stopover visitors exceed pre-COVID high by 30%

Stopover arrivals beat pre-COVID highs by more than 30 percent in September with the economy forecast to hold its “growth momentum” into 2024, the Central Bank said yesterday.

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Gov’t loses intervention on $12m cruise ship sale VAT

The Department of Inland Revenue’s bid to intervene in the sale of two cruise ships and secure the $11.636m in VAT it claims to be owed has been dismissed by the Supreme Court.

Abaco Cay warns PM BPL woe ‘unbearable’

Residents of an Abaco cay have warned the Prime Minister that “unbearable” electricity woes have become “a significant deterrent” to tourism and are driving second homeowners to invest elsewhere.

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Legal dispute erupts on $1.3m Post Office deal

A fledging Bahamian company that won a $1.323m bid to digitise the Post Office’s services has launched legal action over allegations it has been prevented from fulfilling the contract award.

$110m marina project in ‘accelerating’ sales

A $110m southern New Providence marina development says wet and dry slip membership sales “continue to outpace expectations” with construction work having begun ahead of the official ground breaking.

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Higher for longer


Hopes remain for a continuation of the year-end rally on the equity markets. After the recent price gains, investors are hoping for such an outcome. In the coming week, economic data and signals from central banks are likely to dominate events.

Gov’t: We won’t add to gasoline pump prices

A Cabinet minister is voicing hope that reductions in global oil prices and energy costs will give Bahamian petroleum retailers some relief outside their long-desired 30 cents per gallon margin increase.

Bahamian realtor generates $100m sales after rebrand

A rebranded Bahamian real estate firm generated $100m in property sales during its first week of operating under two international industry names.