RBC Bahamas locked in battle to reclaim $1.854m
RBC Royal Bank (Bahamas) is battling to recover $1.854m that it wired to a California money transmission business one month after the latter was ordered to cease business by the state’s regulator.
Bahamas in $1bn boost via climate resilient investment
The Bahamas will boost its long-term economic output by over $1bn if it starts investing in climate-resilient infrastructure and protecting natural assets such as beaches and mangroves, the IMF is urging.
Bahamas suffers ‘massive losses’ on flawed natural resource regime
A regulatory regime designed to protect Bahamian natural resources from foreign exploitation has instead sparked “massive losses in biodiversity” and “stifled” legitimate research vital to building the ‘blue economy’.
National Trust, activist on different sides over Park tenant’s eviction
The Bahamas National Trust (BNT) and a prominent environmental activist found themselves on opposing sides over the former’s termination of a water sports vendor’s lease at the Lucayan National Park.
Applebee’s targets two more venues after Fusion opening
APPLEBEE’S yesterday said it has hired 165 persons as it celebrated the formal opening of its first location at Fusion Superplex with more outlets expected in the coming months.
Bahamas ‘proceeds’ on 15% corporate tax despite Trump
The Government will “proceed” with implementing The Bahamas’ own 15 percent corporate income tax and is not worried “at this point” that the move will place this nation at a competitive disadvantage.
October suffers biggest inflation rise since March
The Bahamas enjoyed a continued decline in the annual inflation rate through to October 2024 even though prices rose month-over-month.
KEITH ROYE II: Technology making future arrive faster than we think
The technology world is accelerating in 2025, with transformative trends set to redefine industries and reshape how we live and work. These advances, ranging from artificial intelligence (AI) to sustainability, are creating opportunities while raising important questions about ethics, equity and regulation. Here is a deeper dive into the top five trends.
Minister: IMF housing report a ‘reality check’
A CABINET minister has said a recent IMF report on housing affordability and home ownership issues has “validity”.
Downtown Nassau to soon get IHOP and Applebee’s
IHOP and Applebee’s will have locations in Downtown Nassau “before the summer of this year”, according to IHOP’s operations manager.
Port Lucaya’s vendors in ‘desperate situation’
THE Davis administration should address concerns of Port Lucaya Marketplace straw vendors, the Opposition’s finance spokesman said yesterday.
Developer eyes summer for $45m West Bay hotel start
A Bahamian developer yesterday voiced optimism that construction on his planned $45m West Bay Street resort can begin this summer if the necessary environmental approvals are obtained.
Sky chief to ‘keep fighting’ as $220k hangar verdict upheld
Sky Bahamas principal yesterday pledged to “keep fighting” after a verdict ordering the now-defunct airline to pay $220,000 plus interest to the owner of its hangar at Lynden Pindling International Airport (LPIA) was upheld.
Electric vehicle dealer’s Mall at Marathon ‘first’
A Bahamian electric vehicle distributor yesterday revealed it will become the first auto dealer to have a Mall at Marathon showroom come this Spring as it bids to repeat 2024’s 10-15 percent sales increase.
BISX-listed bank ‘escapes liability’ over alleged $115k pension theft
A BISX-listed bank yesterday overturned a $115,489 damages award “to escape liability” related to the alleged theft of pension contributions made on behalf of staff at a Freeport-based resort.
