Mortgage applications fall to peak COVID-19 levels
New mortgage applications during the 2025 first half fell to levels last seen at the COVID-19 pandemic’s peak, it was revealed yesterday, with a senior banker warning the market will “remain subdued” unless hundreds of distressed properties are dealt with.
Less than ten businesses closed for health violations
Less than ten food-related businesses have been shut down for health and sanitary infractions so far in 2025, the sector’s regulator revealed yesterday, although one well-publicised closure has been allowed to re-open.
Nassau port operator in double-digit budget beat
The BISX-listed operator of Nassau’s main commercial shipping port is projecting it will beat revenue and operating income forecasts for its present 2026 financial year by double-digit percentages with container volumes breaching the 150,000 mark.
Bahamians may join forces to ‘revolutionise’ payments
Bahamian payment providers could join forces to submit one combined bid on a Central Bank contract that promises to “revolutionise the payment system” in this nation while generating improved financial access and inclusion.
Two-month NHI payment delays labelled ‘regrettable’
A Cabinet minister last night branded the latest payment delays suffered by doctors and other National Health Insurance (NHI) providers as “regrettable” with several complaining they are now owed for two months’ work.
‘Ticks all the boxes’: RF in 20% Simplified equity stake
A Bahamian investment bank yesterday asserted that its acquisition of a 20 percent ownership stake in a prominent non-bank institution “ticks all the boxes” for targeted returns and client wealth creation.
Resorts: More Melissa damage than expected
Resorts in the southern Bahamas yesterday conceded that Hurricane Melissa had inflicted more damage than originally forecast with one confirming the impact may slightly delay its planned November reopening.
‘Start of the swing’: Doctors first-half revenues up 5.6%
Doctors Hospital’s return to profitability and 5.6 percent increase in total revenue for the first half of its current financial year signals “the start of the swing” that recent investments will create for future earnings.
Storage tenants fume as $260k battle rages
Furious tenants at a Blake Road-based storage facility have been unable to recover thousands in deposits and pre-paid rents that are now entangled in an escalating Supreme Court battle between the property’s current and former operator.
Melissa ‘light at end of short tunnel’ for hotels
Family Island hotels impacted by Melissa will be able to see “light at the end of a very short tunnel” even though their planned early November re-openings may be slightly delayed by post-storm clean-up.
Fusion quiet on claim of disconnect
The Fusion Superplex complex has been forced to rely on its back-up generator for at least three consecutive days this week after Bahamas Power & Light (BPL) disconnected its electricity supply over an unpaid bill.
Dealer chief: New Car Show proved ‘spot on’
A Bahamian auto dealer yesterday said the 2025 New Car Show proved “spot on” in terms of industry expectations and seemingly attracted “a higher volume” of visitors interested in purchasing as opposed to just viewing models.
Doctors Hospital takes $18m unpaid medical bill provision
Doctors Hospital has taken impairment provisions for almost 31 percent of the $58m in unpaid medical bills owed to it by individual patients and third-party payers such as insurance companies and the Government.
Cable chief: ‘We like where we are’ despite net loss doubling
Cable Bahamas’ top executive says “we like where we are” despite the net loss for the year to end-June 2025 doubling to $6.746m as 50 percent of New Providence subscribers have now been switched to its new AlivFibr network.
Bahamas ‘regressed in the past 10 years’
The Bahamas “has regressed over the last ten years” due to the National Development Plan (NDP) being “shelved”, its vice-chairman asserted yesterday, resulting in the country “standing still” while other nations progress.
