Exuma developer threatens pull-out over nearby resort project
An Exuma resort developer yesterday warned he is prepared to halt his $75m project and pull-out if a neighbouring development is allowed to proceed without resolving environmental concerns.
Eco-resort targets $1m per month spend through 2025
An Exuma eco-resort project yesterday revealed it plans to invest $1m per month throughout 2025 in a bid to complete the first phase of its full $75m build-out by year-end.
Electronic visitor stay halt ‘just adds to pain’
The suspension of electronic processing for extended tourist stays in The Bahamas “just adds to the pain” for visiting boaters and local marinas, the Association of Bahamas Marinas (ABM) chief asserted yesterday.
Hemisphere-leading obesity’s threat to ‘bankrupt’ Bahamas
The Bahamas’ hemisphere-worst status on adult obesity threatens to “bankrupt this nation” and “wipe out its economy” unless the country “gets a grip”, a former health minister warned yesterday.
Jack’s Bay targets investors to gauge top financing option
An Eleuthera resort project is targeting select investors over a potential preference share investment as it takes market “soundings” to gauge the best option for financing its build-out.
Union chief challenges Customs overtime pay
A trade union president is challenging the explanation given by Bahamas Customs’ top official for why overtime and transportation payments due to officers have been delayed.
Cruise port targets 11% passenger rise to 6.2m
Nassau Cruise Port is targeting a further 600,000 passenger increase to 6.2m for the 2025 full-year, it was revealed yesterday, with visitor volumes for January to-date up 5 percent year-over-year.
PM urges legal capacity boost for AI and Fintech
The Prime Minister last night called for the building of Bahamian legal capacity in areas such as climate change and artificial intelligence (AI) while calling on this nation to fulfill its arbitration centre potential.
Man killed on Cowpen Road knew shooter, says brother
THE brother of a man shot and killed over the weekend claimed his brother knew the shooter and “hailed” him before he was fired on without provocation.
Tourism pushes to expand downtown art and murals
The Ministry of Tourism yesterday said it is preparing to expand its Downtown Nassau mural project by requesting more Bahamian artists to “showcase their talent” as others complete their work.
Unions cautiously optimistic on upcoming Gov’t meetings
Bahamian trade unions are viewing upcoming meetings with Cabinet ministers and government negotiators in a bid to resolve their industrial grievances with cautious optimism.
Caribbean first aims to bridge gap between insurance and technology
The Insurance Commission of The Bahamas has launched a six-week online initiative, the InsurTech Compliance, Innovation and Regulatory Practices (ICIRP) course, in a bid to marry supervision with the digital age.
Bahamas must unlock $3bn excess liquidity, banker says
The Bahamas must unlock the $3bn-plus excess liquidity in its commercial banking system to drive greater economic growth and investment activity, a senior banker has warned.
DEREK SMITH JR: AI’s expanding role in corporate governance
Governance, risk and compliance (GRC) functions are undergoing significant changes, driven by rapid technological advances and increasingly stringent regulatory demands. Companies must adapt to this evolving landscape to remain competitive and compliant. Emerging technologies such as artificial intelligence (AI) are at the forefront of these transformations, offering both opportunities and challenges.
Water Corp challenged by supply and demand woes
A union leader yesterday confirmed a combination of increased demand and supply challenges forced the Water & Sewerage Corporation to implement conservation measures on New Providence for seven to ten days.
