GB hotel, marina buyers in Port Lucaya Village tie-up
The Grand Lucayan and Port Lucaya Marina buyers are working together on plans to create a ‘Port Lucaya Village’ destination that aims to be the “first step in reigniting the stopover tourism product” in Grand Bahama.
Minister says 95% of vacant housing unfit for Bahamians Body
A Cabinet minister yesterday argued that 95 percent of the 25,00-plus vacant dwellings identified in a recent national housing survey are unfit “to meet the housing needs of Bahamian families”.
Taxi chief: 800 platerecall ‘kind of ironic’
The Bahamas Taxicab Union’s (BTCU) president yesterday asserted “it’s kind of ironic” that the Government is seeking to recall almost 800 taxi and livery plates when it was responsible for “saturating the market” with new issuances at the start of its term.
Realtor eyes double digit growth in 2026
A Bahamian realtor yesterday said double-digit growth in 2026 is possible for his firm due to increased interest and demand for high-end real estate from Canadian, American and European buyers.
Opposition MP demands Freeport’s roads are fixed
The Opposition’s finance spokesman yesterday demanded that the Grand Bahama Port Authority’s (GBPA) Lucaya Service Company (LUSCO) fix Freeport’s “deteriorated” roads.
Nearly 900 to lose entire Red Lobster investment
Nearly 900 Bahamians who acquired equity ownership via this nation’s first-ever crowdfunding raise have lost their entire investment after the Red Lobster franchise “decided not to proceed” with its restaurant build-out.
Cruise power provider targets $10m profit within four years
The power provider to cruise ships docked in Nassau is predicting it will more than double annual profits within two years of launching - and beat the $10m mark by year four - as it yesterday unveiled its $100m bond offering.
Mortgage applications fall to peak COVID-19 levels
New mortgage applications during the 2025 first half fell to levels last seen at the COVID-19 pandemic’s peak, it was revealed yesterday, with a senior banker warning the market will “remain subdued” unless hundreds of distressed properties are dealt with.
Less than ten businesses closed for health violations
Less than ten food-related businesses have been shut down for health and sanitary infractions so far in 2025, the sector’s regulator revealed yesterday, although one well-publicised closure has been allowed to re-open.
Nassau port operator in double-digit budget beat
The BISX-listed operator of Nassau’s main commercial shipping port is projecting it will beat revenue and operating income forecasts for its present 2026 financial year by double-digit percentages with container volumes breaching the 150,000 mark.
Bahamians may join forces to ‘revolutionise’ payments
Bahamian payment providers could join forces to submit one combined bid on a Central Bank contract that promises to “revolutionise the payment system” in this nation while generating improved financial access and inclusion.
Two-month NHI payment delays labelled ‘regrettable’
A Cabinet minister last night branded the latest payment delays suffered by doctors and other National Health Insurance (NHI) providers as “regrettable” with several complaining they are now owed for two months’ work.
‘Ticks all the boxes’: RF in 20% Simplified equity stake
A Bahamian investment bank yesterday asserted that its acquisition of a 20 percent ownership stake in a prominent non-bank institution “ticks all the boxes” for targeted returns and client wealth creation.
Resorts: More Melissa damage than expected
Resorts in the southern Bahamas yesterday conceded that Hurricane Melissa had inflicted more damage than originally forecast with one confirming the impact may slightly delay its planned November reopening.
