Opposition chair: ‘Come clean’ over energy reforms progress
The Opposition’s chairman yesterday urged the Government to “come clean” over its energy transformation deal amid suggestions a key partner has paused work while it waits for all agreements to be formalised.
Foreign vessel accused of ‘dozen’ illegal charters
Authorities yesterday said they hope the arrest of a vessel and its occupants accused of conducting at least “a dozen” illegal charters will deter other violators from abusing Bahamian waters.
DPM touts $1.25bn cruise tourism effect
Cruise tourism injects around $1.25bn into the Bahamian economy annually, the deputy prime minister estimated yesterday, and accounts for just over one-fifth of total visitor spending.
Sands: Come clean on energy deal
The Opposition’s chairman yesterday urged the Government to “come clean” over its energy transformation deal amid suggestions a key partner has paused work while it waits for agreements to be formalised.
KEITH ROYE II: Battle over global AI dominance heats up
The artificial intelligence (AI) battle is heating up as two of the most powerful AI models, OpenAI’s ChatGPT and DeepSeek AI, go head-to-head in the fight for global dominance
Fidelity unveils new chief financial officer
Fidelity Bank (Bahamas) has named Jamal O. Ijeoma as its chief financial officer.
Security force insurance arrears ‘within tolerance’
Unpaid medical coverage for police officers and the other security forces is “within tolerable” limits, a Cabinet minister asserted yesterday, while denying allegations that the arrears exceed $100m.
PI resort developer spars with opponents over Atlantis lease
Developers of the first new Paradise Island resort “in many years” yesterday sparred with opponents over the wait to seal a lease deal with Atlantis for construction of a 100-space car park.
‘Sexy body’ manager stripped of $31,200
A former Atlantis restaurant manager who was fired for asking a female employee to “show him her ‘sexy body’” has been stripped of his $31,200 damages award for unfair dismissal.
FTX Bahamas ‘shoots for’ February 18 first payout
FTX’s Bahamian liquidators are “shooting for” February 18 as the date to start payouts to small creditors and victims owed less than $50,000 as a result of the crypto exchange’s fraud-driven implosion.
Claims Pike Electrical on pause denied
A Board member for the company charged with transforming New Providence’s electricity grid last night said “everything is progressing well” amid speculation one of its key partners has halted work.
Regulator promises swift action on Athol Island ‘non-compliance’
Regulators last night pledged immediate action over an Athol Island project that appears “in non-compliance” with its environmental permits as an MP blasted development of the area as “a travesty”.
Governor’s tourism hit warning over Trump’s tariff war strategy
The Central Bank’s governor yesterday warned that Donald Trump’s tariff hikes could hurt Bahamian tourism by undermining travel demand in this nation’s key source markets through higher living costs.
$2.63bn external reserves to ‘contract’ during 2025
The Central Bank’s governor yesterday said he expects the country’s $2.63bn foreign currency reserves to “contract” in 2025 due to a “stronger pace” of lending by Bahamian commercial banks.
Governor targets bank fee progress during early 2025
The Central Bank’s governor yesterday asserted progress will be made during the 2025 first half on developing low-fee bank accounts for vulnerable customers and establishing a consumer watchdog.
