‘Frustration’ escalates over construction self-regulation
The Bahamian Contractors Association’s (BCA) president says he believes successive administrations do not want to “professionalise” the industry because it would create an obstacle to directing “millions of dollars” in construction contacts to their political supporters.
Doctors targets 20% ‘ramp up’ in revenue
Doctors Hospital is aiming to “ramp up” revenues by 20 percent, and expand profit margins “to at least 10 percent” of top-line income, as its chief executive unveiled plans to relinquish this post early in the New Year.
Rosewood Exuma’s developer ‘never opposed’ legal challenge
The $200m Rosewood Exuma developer says it never opposed the legal challenge to the project’s environmental approvals as it pledged to “vigorously refute” the continued attacks and allegations by its opponents.
National debt rises $300m as new mortgages off 39%
The Bahamas’ national debt soared by almost $300m to hit $12.385bn at end-September 2025 in a signal that the Government likely incurred a significant deficit during the first quarter of its current fiscal year.
Bank profits jump $40m on fee/commission surge
Bahamian commercial banks enjoyed a near-$40m year-over-year increase in collective profits during the 2025 second quarter aided by commission and foreign exchange fees “more than doubling” against 2024 comparatives.
Insurer recommits to Bahamas with profits expected to triple
A Caribbean insurer has recommitted itself to the Bahamian market and is planning to expand its presence, with profits projected to near-triple this year, in a reversal of plans to exit this nation as recently as 2022.
Air Canada launches direct Bahamas flights
Air Canada on Friday launched new non-stop flights from Ottawa and Halifax to Nassau as part of that nation’s surge in travel demand and airlift to The Bahamas.
Minnis: Entice Bahamians, not China, to fund $268m hospital
An ex-prime minister yesterday argued the Government should have exploited $3bn-plus in surplus banking system assets to entice Bahamian investors to finance New Providence’s new hospital rather than the Chinese state, asserting: “The time has come to encourage our own”.
Bahamians ‘being driven out of financial services’
The Attorney General yesterday agreed that The Bahamas must find a “fair balance” between skilled expatriate labour and locals after Bahamian attendees at a Securities Commission seminar complained they “are being driven out of the financial services industry”.
‘Don’t permit the big boys with mega bucks to rob us’
Two Opposition MPs yesterday challenged the $1.6m purchase price for a land parcel that is vital to “unlock” Baha Mar’s $350m expansion, with one asserting: “Don’t let the boys with the mega bucks rob us.”
‘Treat Bahamians like expats to entice them to Out Islands’
A senior Baha Mar executive yesterday warned that attracting skilled workers to the Family Islands may require treating Bahamian employees like expatriates, offering benefits and incentives traditionally reserved for foreign staff to lure them to high-demand tourism roles.
Baha Mar: Ex-PM to ‘hold feet to fire’ on residents’ fears
A former prime minister yesterday pledged he and nearby residents will hold Baha Mar and the Government’s “feet to the fire” over noise and health fears stemming from the mega resort’s likely use of two-plus acres that will “unlock” its $350m expansion project.
IAN FERGUSON: How Bahamian companies overcome labour shortages
As The Bahamas continues to experience a persistent shortage of skilled labour, local businesses are being pushed to rethink how they recruit, retain and manage talent.
Bahamas’ perfect anti-financial crime score can ‘all be undone very quickly'
A Cabinet minister yesterday warned that The Bahamas’ perfect compliance with the 40 recommendations set by the world’s anti-money laundering standard setter can “all be undone very quickly” as this nation prepares for its fifth round of assessments.
New construction permits exceed $1bn value mark
The Bahamas last year breached the $1bn mark in the value of new construction permits issued, it was revealed yesterday, as their collective value increased by $305m compared to 2023.
