Ex-environment chief 'grasping at straws'
The Bahamas' former top environmental regulator was "grasping at straws" with his last-ditch bid to prevent the $4.85m seizure of his Shirley Street gas station by the Bank of The Bahamas' bail-out vehicle.
AG: Sam Bankman-Fried prosecutors ‘rather misleading’ over second trial
The Attorney General yesterday branded the US explanation for not proceeding with Sam Bankman-Fried’s second trial as “rather misleading” since prosecutors knew the FTX chief’s Bahamas action is still live.
Bahamas saw 'in excess' of 9m tourists during 2023
The deputy prime minister says The Bahamas likely received "well in excess" of nine million visitors in 2023 due to a "phenomenal" year for tourism.
Hotels target occupancy and yield growth in 2024
The Bahamas Hotel and Tourism Association's (BHTA) president yesterday predicted that resorts will enjoy increases in occupancy and yield during 2024 after a “very strong” Christmas and New Year season.
Air freight operators fret as new cargo fee yet to arrive
Couriers and air freight providers yesterday warned that the proposed new cargo scanning fee will “definitely hurt business” despite it not being implemented on New Year’s Day as originally planned.
‘Down-payments cut’ as bank removes indemnity
The Central Bank of the Bahamas (CBB) has released new “relaxed” lending rules for residential mortgages.
Pintard seeks answers on JDL air freight management deal
Opposition leader Michael Pintard has pressed the government on its relationship with air freight management firm JDL and if it has been contracted at Lynden Pindling International Airport (LPIA).
Residents prepare to sue two years after BPL leak
Andros Chamber of Commerce president Darrin Bethel says residents of North Andros are preparing to take legal action after becoming “impatient” with clean-up efforts after a Bahamas Power and Light oil spill.
Contractors hopeful of uptick - but cautious on bank rules
BAHAMAS Contractors Association president Leonard Sands does not see construction slowing down for 2024 and could see a 20 percent uptick, but warned restrictive banking policies could put a damper on the growth.
Realtor urges push to buy amid soaring rental prices
A Bahamian realtor has urged more emphasis on buying a home for 2024 considering the rise in rental rates.
Share index up over year, reports BISX
The Bahamas International Securities Exchange (BISX) reported equity of $5.96bn and debt totalling $4.51bn as at September 2023, representing a 1.57 percent increase for the nine-month period.
Sanctions without hearing part of new securities bill
The Securities Commission of The Bahamas (SCB) issued the Securities Industry Bill 2024 for public consultation last week - which seeks to ensure laws are "current, competitive, and reflect international best practice and standards".
HUBERT EDWARDS: The Bahamas performance for 2023 and outlook for 2024
It is beyond doubt that the reported performance of the country for the last fiscal, 2022-23, has been noteworthy. Following two years of deep decline, due to the COVID-19 pandemic, and an intervening “bounce back” year, 2023 has seen positive economic performance for the country but unfortunately lacking in sufficient potency to seriously start to change our fortunes.
‘Airlift holding back Cat Island tourism’
A Cat Island hotelier said the tourism market in the southern islands is only constrained by a lack of airlift. Carl Rolle, owner of Rollezz Villas and Beach Resort in Cat Island, said his hotel was fully booked over the holiday season, with strong bookings to continue into early next year.
‘Don’t revise entire building code - just adjust for certain islands’
BAHAMAS Contractors Association president Leonard Sands said yesterday that the entire building code does not need to be revised - just the code for certain islands.
