Ombudsman helping with consumer protection push
The Central Bank’s governor says it will recommend reforming the Payments System Act to aid development of the so-called ‘basic bank account’ designed to boost financial access for many Bahamians.
$185m deal for west GB road paving
Most of the government contracts issued in December 2024 was tied up in just one deal awarded to a Bahamas Striping affiliate for repaving west Grand Bahama’s roads.
Gov’t intervenes in Old Bahama Bay’s management row
The Government has intervened in the escalating dispute over Old Bahama Bay by demanding that the parties involved in retaking the hotel’s management “cease and desist” until they obtain the necessary permits.
Bahamas targets world beating depositor safety
Around 580,000 Bahamian bank accounts were fully protected against their institution’s possible collapse as at year-end 2024, the Central Bank’s governor has revealed.
Global aviation body warns Bahamas on retroactive fees
Global aviation’s trade body has warned it is “imperative” that Bahamian and other airlines not be penalised by triple-digit retroactive fee hikes as a result of “errors” by local regulators.
New power plants tap investors for $132.5m
A successful renewable energy bidder yesterday unveiled plans to raise a total $132.5m from Bahamian investors to finance the development of new power plants on Abaco and Eleuthera.
‘Ageless wonder’: Timothy Munnings sets another world record
Timothy Munnings can celebrate again with another world record - this time in the men’s 400 metres indoors at the World Masters Association’s Indoor Championships.
Graycliff eyes distribution deal with Caribbean first
Graycliff has become the first Caribbean home for the Watenshi gin through its recent partnership with Cambridge Distillery.
Revived Young Professionals Society gains ‘50 applications’
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) says it has have received “50 initial applications” for the revived Young Professionals Society (OYP).
Ginn ‘owner’ complaint to Data Protection regulator
A Bahamian investor yesterday refuted complaints made to data protection regulators in The Bahamas and US that he has “misrepresented” himself as the owner and/or purchaser of the former Ginn project.
Yacht charter VAT removal ‘smartest thing I have heard’
The Association of Bahamas Marinas (ABM) president yesterday branded the Opposition’s pledge to eliminate the payment of VAT on foreign yacht charter fees as “the smartest thing I’ve heard”.
Edible foods VAT rate cut ‘more complicated’
Super Value’s owner yesterday said the imminent VAT rate cut for all uncooked foods is “more complicated” than previous adjustments because only 50 percent of products will be impacted.
AG: Bahamas to meet leading Trump officials on ‘unfair’ report
The Attorney General yesterday revealed that the Government plans to meet with senior Trump administration officials over “unfair” US criticisms of The Bahamas’ anti-financial crime regime.
Pintard blames Davis govt over $7m wasted by BPL
The Opposition’s leader yesterday blamed the Davis administration for squandering $7m of the Bahamian people’s money by failing to complete the land purchase for a liquefied natural gas (LNG) terminal.
Investor fails to recover $7.5m on failed Rose Isl. Ritz-Carlton
A Bahamas-based investor has failed to recover the outstanding $7.5m they were allegedly owed for selling land to the now-abandoned Ritz-Carlton project on Rose Island.
