Latest stories

Tease photo

Lamborghini and $1.4 million mansion: Alleged drug leader’s life of luxury

THE alleged head of a US drug trafficking organisation accused of importing cocaine through The Bahamas with the assistance of Jonathan ‘Player’ Gardiner was living a life of luxury 30 miles outside Atlanta, Georgia, until his arrest on suspected drug trafficking charges two years ago.

Tease photo

Afreximbank advances credit approval for Abaco hotel project

A PROPOSED hotel development in The Bahamas has cleared the first stage of Afreximbank’s credit approval process, with a senior bank executive saying the project could advance to formal approval and public announcement soon.

US man fined over fake cash and police assault

N American man was fined $3,450 on Friday for fraudulently spending movie prop money while visiting Nassau Cruise Port last week.

Housing grows ‘1.5 times slower’ over vacancy and disrepair woes

The Bahamas’ housing inventory grew “1.5 times slower” over the 12 years to 2022 when compared to the previous decade, it has been revealed, with the decline blamed on a reduced pace of new-builds as well as more properties falling into disrepair and tenant-weary landlords.

Taxpayers owed $500m by loss-making SOEs

Bahamian taxpayers are owed half-a-billion dollars in outstanding loans by loss-making state-owned enterprises (SOEs), it has been revealed, with nine key government entities collectively plunging into “negative equity” with debt liabilities exceeding their assets.

Tease photo

Carmichael Village owners told: Your homes are safe

The Ministry of Housing has moved to reassure Carmichael Village purchasers that their homes and investments are safe while asserting it knew nothing of the connections linking the project’s contractor to the general election day plane crash drug accused.

Tease photo

Just 16% of Gov’t entities met Budget plan mandate

Just 16 percent of the Government’s ministries, departments, agencies and business entities (GBEs) heeded the Ministry of Finance’s call to submit annual and business plans as part of the 2026-2027 Budget preparations, it has been revealed, sparking pledges of a compliance crackdown.

$43m in PPP financing now ‘crystallises’ as Gov’t liability

More than 30 percent of $140m in public-private partnership (PPP) funding has now “crystallised” on the Government’s books as a debt that has to be repaid by Bahamian taxpayers, the Fiscal Strategy Report 2026 has revealed.

Gov’ts net worth valued from accounting switch

The Government’s long-promised switch to an accrual-based accounting system is forecast to “near completion within the next two years” and, for the first time-ever, enable an accurate valuation of what Bahamian citizens actually own.

Power outages frustrate west New Providence communities

RESIDENTS in Love Beach and several upscale western New Providence communities say prolonged and recurring power outages have left them exposed to heightened security risks, spoiled food, disrupted work schedules and mounting repair costs.

Potter’s Cay vendors still waiting for BPL electricity

Potter’s Cay vendors say they are still waiting for Bahamas Power & Light (BPL) electricity supply to reach their stalls despite a previous government pledge that at least 25 would be connected by the 2026 first quarter.

Sherwin-Williams opens Marsh Harbour location

Sherwin-Williams Bahamas has opened its latest retail outlet on Marsh Harbour’s Bay Street inside the former Sand Dollar shop.