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Blacklist escape 'very big deal' for insurance

The Bahamas Insurance Association's (BIA) chairman yesterday said it will be a “very big deal" for the industry and its clients if The Bahamas remains blacklisted by the European Union (EU) beyond October.

INSIGHT: How long until we feel govt’s spending?

THE pockets of the people have been hit with quite a toll in recent weeks. It would be nice if we could see government reining in spending to ease the pain.

Insurance cuts ‘false economy’ despite 26-year high premiums

Bahamian homeowners and businesses have been warned that cutting, or dropping, property catastrophe coverage will be “a false economy” in the face of 26-year record-high insurance costs.

Gov’t closely scrutinises China, global oil prices

A Cabinet minister says the Government is “monitoring global events”, especially oil prices and the Chinese economy’s strength, to ensure such factors do not “undermine” recovery at home.

Seaplane service must be properly regulated

A Family Island hotelier yesterday backed the use of seaplanes to increase airlift once such services are properly zoned and regulated.

Drug conviction quashed for three men

THREE men had their two and a half year sentence for possession of $336,000 worth of drugs overturned after a Court of Appeals judge found that there was insubstantial evidence to convict them.

$30m Milo Butler upgrade will extend to Cowpen Rd.

The Ministry of Works and Utilities yesterday said the $30m upgrade to Sir Milo Butler highway will extend it beyond Carmichael Road through to Cowpen Road.

Judge: 'Now clear' Baha Mar sabotaged by CCA

Sarkis Izmirlian yesterday secured a major legal victory after a New York judge ruled "it is now clear" that China Construction America (CCA) sabotaged Baha Mar's completion and orchestrated the developer's removal.

FTX Bahamas wind-up ‘halted’ if no Ray deal

FTX’s Bahamas wind- up “would be halted” without a deal with their US adversary, its liquidators have revealed, as they seek an extension to the legally-mandated 90-day deadline to hold a first creditor meeting.

Crowd-funder: From $4m to $200m in 14 months

The Bahamas’ first-ever crowd-funding platform purportedly increased in value from just $4.38m to an astonishing $201.75m in just 14 months, it was alleged yesterday, despite accounts revealing a $2.659m “deficit” at end-July 2022.

EDITORIAL: Rulings give glimpse into Baha Mar debacle

THE latest in the courtroom battles over Baha Mar has proven to be a resounding legal victory for Sarkis Izmirlian.

Pintard criticises ease of doing business

The Leader of the Opposition said the government has not improved the ease of doing business and said it is “quite the opposite".

US Vice President pledges over $50m in humanitarian funding for Haiti

UNITED States Vice President Kamala Harris reaffirmed the US support for developing a multinational security force to address the crisis in Haiti while announcing humanitarian assistance for the nation.

US Department of State Report: Bahamas meets fiscal transparency requirements

For the first time in five years, The Bahamas is among some 70 countries that have met fiscal transparency requirements, according to a US Department of State 2023 Fiscal Transparency Report on public financial management accountability.

Hotel Union signs ‘historic’ agreement with Atlantis

THE Bahamas Hotel Catering and Allied Workers Union (BHCAWU) signed a five-year industrial agreement with the Bahamas Hotel and Restaurant Employers Association (BHREA) yesterday valued at some “tens of millions” that will affect about 10,000 employees.

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