‘Bankrupt’ attorney banished in $6m mortgage loans mess
A “bankrupt” attorney who failed to “perfect security” for a BISX-listed lender’s 50 mortgage loans, worth a combined $6m, yesterday saw his banishment from the legal profession upheld.
Chamber supports plan for accounts factoring
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is backing an accounts factoring proposal, while hailing chamber member Simplified Lending “is a local first mover in the industry”.
ORG: Agreement crucial first step in developing public trust
The Organization for Responsible Governance (ORG) is commending the Davis administration for signing agreement hailed as “a crucial first step” in developing public trust and sustainable growth.
Annual inflation rate continues its decline
THE annual inflation rate is continuing to decline in figures reporting through to April this year.
‘Great tool’: Multi-million SME Bahamas factoring unveiled
A Jamaican-headquartered investment house is spearheading a multi-million dollar accounts factoring proposal that could be “a great tool” for Bahamian small businesses if structured properly.
Major seafood name in court receivership
A well-known Bahamian seafood provider has been placed in Supreme Court-ordered receivership after defaulting on debt understood to be worth between $1m-$1.5m.
New challenge to New Providence Development’s control in the west
Five property owners have teamed to challenge New Providence Development Company’s long-standing control over the island’s western district while arguing that this is anti-competitive.
Boat captain: Saving summer fear ‘spot on’
A motor yacht captain yesterday said Bahamian tourism’s fears for the peak summer boating season are “spot on” after his vessel was recalled to the US three months early over the new and hiked fees.
Attorney’s counterclaim opposition ‘incredible’
A Bahamian attorney’s opposition to former clients bringing a counter-claim against her in the Supreme Court has been branded “incredible” by the Chief Justice.
Baha Mar to open new restaurant in fall 2025
Baha Mar will open its latest restaurant concept, developed by a two-time James Beard-award winning chef, at its Grand Hyatt resort in fall 2025.
BPL promises Briland’s woe ‘fixed’ by July end
Bahamas Power & Light (BPL) has promised Harbour Island hotels and businesses that “everything should be fixed” by month’s end following the island’s recent extended power outages.
BPL pushes back over energy cost criticisms
Bahamas Power & Light (BPL) yesterday responded to criticism over the rise in energy costs reported by a large business that it declined to name.
Independence Day sales ‘steady’ and picking-up
Merchants yesterday described Independence Day memorabilia sales as “steady” but said Bahamians appear to be preparing for a “very low key” holiday this Thursday.
BTC chief in ambition to be Caribbean ‘reference’
The Bahamas Telecommunications Company’s (BTC) chief executive says he is pushing to become the Caribbean “reference” and leader as this nation readies to host a major industry summit.
Grounded mailboat in $1.88m insurance fight
A Bahamian mail boat operator’s bid to obtain summary judgment over a $1.881m insurance dispute related to a grounded vessel has been sunk by the Supreme Court.
