Works staff hit out over tools shortage, unpaid vendor bills
Ministry of Works employees yesterday complained they are struggling to perform their duties due to a lack of essential tools and unpaid vendor bills that have left them frustrated and over-extended.
Director hails Caribbean over financial services compliance
The Bahamas’ financial services director has hailed the Caribbean for being “among the most compliant regions in the developing world” while emphasising the importance of regional collaboration.
BPL evacuates workers from islands under Melissa threat
Bahamas Power & Light (BPL) yesterday said employees have already been evacuated from southern islands poised to be struck by a still-strong Hurricane Melissa after taking measures to safeguard power stations and other equipment.
Resort operators brace for Melissa disruption Body
Tourism operators in the central Bahamas were yesterday bracing for potential disruption and damage from a still-strong Hurricane Melissa, whose imminent arrival has forced resorts to scale back operations and reduce staff.
‘Catastrophe’ concern voiced over aviation fees restructure
THE proposed restructuring of Bahamian aviation fees and charges must be “brutally open and honest” to prevent the industry suffering a “catastrophe” from operators being “put out of business”, an airline executive argued last night.
PI project hires over half its 500-strong workforce
More than half the 500 workers set to be employed at Royal Caribbean’s Paradise Island project have already been hired as construction works proceed at full speed to meet the forecast December 13 soft opening.
Rating agencies predicting Bahamas growth under 2%
Two credit rating agencies have taken a more pessimistic view of The Bahamas’ 2025 growth prospects than the International Monetary Fund (IMF) with both forecasting economic expansion will slip below 2 percent.
Politics creates ‘big gap’ with Bahamas’ reality and potential
Draft legislation to place the National Development Plan on a legal footing is expected by end-November, the initiative’s chairman disclosed yesterday, adding that the effort will “stop this one step forward, two steps back” cycle on Bahamian progress.
Royal Beach Club IPO may face delay to 2026
Bahamian investors seeking a stake in Royal Caribbean’s $110m Paradise Island project will likely have to wait until 2026 as the company finalises the legal and regulatory process for the planned initial public offering (IPO) of shares.
Gov’ts $108m reversal on ’sinking fund’ rebuild
The Government suffered a $107.8m reversal to its 2024-2025 fiscal year plans to rebuild the ’sinking funds’ created to finance repayment of future maturing foreign currency bond issues, it has been revealed.
Sebas-chaired broker sees off $50k ‘hardship’ demand
An insurance executive, who sought a $50,000 “financial hardship” payment from an agency/brokerage that was part of a group chaired by Sebas Bastian, now the PLP’s Fort Charlotte candidate, has seen her demand rejected by the Supreme Court.
Immigration recruits caught off-guard over Nassau stay
Around one-third of recent Immigration Department recruits were caught off-guard after being informed they must remain in New Providence for at least two years to gain on-the-job experience — a decision that has left many scrambling to secure housing in the capital.
Baha Mar's $350m Melia alternative to be 20 storeys
Baha Mar’s $350m replacement for the former Melia property will be a 20-storey high-end resort that will dominate the Cable Beach skyline and help fill “the inventory void” caused by New Providence’s loss of hotel rooms.
