Beneficial ownership non-compliance cut from COVID’s 28%
NON-COMPLIANCE by corporate entities with The Bahamas’ beneficial ownership regime has shrunk from 28 percent during COVID-19 to just 2 percent last year, it has been revealed, helping to minimise financial crime risks.
‘Sick-slip’ doctor’s court bid to regain medical licence rejected
A DOCTOR, who was first suspended for “forging sick certificates” for 185 Atlantis workers over a four-month period, has lost the latest bid to reinstate his medical licence to practice.
Premature to say BPL outages hitting growth
THE CENTRAL Bank’s governor yesterday said it would be premature to conclude that this summer's Bahamas Power & Light (BPL) outages have materially affected the wider economy’s growth and output.
Asset trading platform deal to create new ‘Benchmark’
A SUBSIDIARY of BISX-listed Benchmark Bahamas yesterday signed a joint venture with a Swiss technology firm to establish a digital asset trading platform designed to position The Bahamas as a global leader in blockchain-based financial services once regulatory approval is secured.
Businesses fume on BPL’s latest outages
A NEW Providence-wide power outage early Thursday disrupted businesses, delayed flights, affected airport operations and forced Bahamas Power & Light (BPL) into an hours-long restoration effort.
Governor: 18% foreign currency sales growth ‘far exceeds’ 2025
THE CENTRAL Bank’s governor yesterday said foreign exchange transactions underscore the Bahamian economy’s relative health with the 17.8 percent increase in bank purchases from the private sector to $4.6bn “far exceeding” 2025’s first-half growth.
First-ever credit bureau still feels like ‘start-up’
THE CENTRAL Bank’s Governor yesterday said The Bahamas' first-ever credit bureau remains in its start-up phase but is already helping borrowers strengthen their credit profiles and negotiate better loan terms
Bank profits jump $151m in 2 years
BAHAMIAN commercial banking industry profits surged by a collective $49m in 2025 to breach the $550m mark as regulators hailed the financial services industry’s stability despite a slight “ebb” on the bank side.
Residents voice frustration on Freeport Harbour plans
RESIDENTS last night voiced frustration, anger and long-standing distrust of Bahama Rock's operations during a heated public consultation on the company's proposed 270-acre Freeport Habour expansion and acquisition of the former Bahama Cement Company site.
Port Lucaya project could revive ‘10-year ghost land’
THE GRAND Bahama Chamber of Commerce’s president yesterday urged all parties in the Port Lucaya Marina hold-up to “sit at the table and work at it” given the $22m project’s potential to revive a near ten-year “ghost land”.
Judge urges BAIC union leaders: Halt ‘internal fighting’
A SUPREME Court judge yesterday urged leaders of the trade union formed to represent Bahamas Agricultural and Industrial Corporation (BAIC) workers to rapidly cease “internal fighting” that sparked “years of instability” and undermined its “relevance”.
Briland operator’s ex-partner ‘harassing’ Bahamian realtor
A TOP Bahamian real estate firm is accusing a Briland tourism operator’s ex-business partner of “harassing” it with “threadbare allegations” that it has exploited his “trade secrets” and confidential customer lists to generate eight high-end Harbour Island sales and rentals.
Subscription model key antidote for the businesses that fit
FEW things give a business owner more peace of mind than knowing what next month's revenue will look like.
Taxi union optimistic on livery dispute resolution
THE BAHAMAS Taxi Cab Union (BTCU) yesterday said the Government seems willing to resolve the long-running dispute with livery operators after what it described as one of its most productive meetings with a Cabinet minister.
Workpklace safety must be tailored to Bahamas’ reality
THE BAHAMIAN Contractors Association’s (BCA) president yesterday urged the Government to develop workplace safety standards tailored to the realities of the local industry rather than adopting US benchmarks wholesale.
