Over 180 feet of clogged pipes are excavated at Arawak Cay
MORE than 180 feet of clogged pipes have been excavated to-date as part of sewerage upgrades at Arawak Cay, it was revealed yesterday.
CIBC unveils Jet Blue tie-up on card launch
CIBC last night launched its MasterCard credit card partnership with the Jet Blue airline.
Bahamas must feed itself to be ‘truly independent’
A CABINET minister yesterday asserted that The Bahamas can only be “truly independent” if it achieves food security where its citizens are able to feed themselves.
‘Absolutely untrue’ DARE influenced by FTX, Deltec
THE Securities Commission’s top executive yesterday slammed as “absolutely untrue” assertions that The Bahamas’ key digital assets law was influenced to benefit FTX and a local international bank.
Deltec’s ‘secret’ $2bn credit line for FTX ally
A BAHAMIAN bank has been accused of aiding FTX by allegedly “sidestepping” this country’s banking laws, helping to “siphon off” customer funds and providing an up to $2bn “secret” credit line.
Opposition fearing revenue loss on corporate tax delay
THE Opposition’s leader yesterday voiced concern The Bahamas may miss out on significant tax revenues, and lose business, from delays in implementing the 15 percent minimum global corporate tax.
Buyers for FTX’s $256m real estate target 30% discounts
Deal-hunters seeking discounts of up to 30 percent are circling FTX’s $256m Bahamian real estate holdings as local liquidators move to secure realtors who will market 34 properties for sale.
Bahamas set to reach tourism's final frontier
The Bahamas has signed a first-stage agreement with SpaceX, the rocket and spacecraft maker founded by billionaire Elon Musk, which will position it as a destination from which to watch booster landings.
Western condo development targets 150 construction jobs
A west New Providence condo project is aiming to create up to 150 construction jobs through its developer's first up to $20m foray into the real estate development market.
Inflation in largest monthly decline for past three years
The Bahamas' inflation rate suffered its largest month-over-month decline for three years in December 2023 amid continued signs that price and cost of living pressures are slowly easing.
Market Slope move to unlock vendor sales
The Government senator leading downtown Nassau's overhaul has promised to create new vendor opportunities through the pedestrianisation of Market Slope.
Forget the past
ActivTrades
The international stock markets have experienced an up-and-down week. In the US, the rise in producer prices was spoiling investors’ buying mood at the end of last week and the Dow Jones Industrial Average (DJIA) was falling. The German benchmark index, DAX, reached a new record high on Friday and left trading with slight gains.
Fidelity eyes $18m profit after ‘opening the hood’
A BISX-listed bank yesterday revealed it is targeting $18m in full-year profits for 2024 after “opening the hood” to assess why last year’s projections were missed.
Multi-million project aiming to revive ‘forgotten’ east Nassau
THE developers behind a “multi-million” dollar mixed-use project to the Solomon Springs Plaza’s rear yesterday voiced optimism it will help revive a “forgotten” eastern New Providence if approved.
70-room beach club next in Sebas’s $510m expansion
A 73-room beach club located at Love Beach likely marks the next stage in the $510m real estate expansion being pursued by Sebas Bastian’s Brickell Management Group (BMG).
