Politics creates ‘big gap’ with Bahamas’ reality and potential
Draft legislation to place the National Development Plan on a legal footing is expected by end-November, the initiative’s chairman disclosed yesterday, adding that the effort will “stop this one step forward, two steps back” cycle on Bahamian progress.
Royal Beach Club IPO may face delay to 2026
Bahamian investors seeking a stake in Royal Caribbean’s $110m Paradise Island project will likely have to wait until 2026 as the company finalises the legal and regulatory process for the planned initial public offering (IPO) of shares.
Gov’ts $108m reversal on ’sinking fund’ rebuild
The Government suffered a $107.8m reversal to its 2024-2025 fiscal year plans to rebuild the ’sinking funds’ created to finance repayment of future maturing foreign currency bond issues, it has been revealed.
Sebas-chaired broker sees off $50k ‘hardship’ demand
An insurance executive, who sought a $50,000 “financial hardship” payment from an agency/brokerage that was part of a group chaired by Sebas Bastian, now the PLP’s Fort Charlotte candidate, has seen her demand rejected by the Supreme Court.
Immigration recruits caught off-guard over Nassau stay
Around one-third of recent Immigration Department recruits were caught off-guard after being informed they must remain in New Providence for at least two years to gain on-the-job experience — a decision that has left many scrambling to secure housing in the capital.
Baha Mar's $350m Melia alternative to be 20 storeys
Baha Mar’s $350m replacement for the former Melia property will be a 20-storey high-end resort that will dominate the Cable Beach skyline and help fill “the inventory void” caused by New Providence’s loss of hotel rooms.
‘Scam artist’ deceives firm with fake licence
A “scam artist” allegedly deceived a Briland tourism operator into procuring a “fraudulent Business Licence” despite being paid a $2,000 sweetener to ensure its speedy issuance.
GB crab crawling: $40m project eyes hundreds of jobs
A $40m aquaculture project targeted at Grand Bahama’s northern shore is aiming to create 113 full-time jobs, and up to 200-300 spin-off posts, once it reaches full-scale commercial production.
Nassau port operator’s $6m investment in energy reform
THE Nassau Container Port’s BISX-listed operator has near-tripled the value of its investments by injecting $6m into The Bahamas’ energy reform strategy in a bid to “earn returns on surplus cash” holdings.
PM: Back-up disaster funding covers $251m
THE Bahamas has available back-up disaster funding worth $251m, the Prime Minister asserted yesterday, as he led debate on a Parliamentary resolution to permit the transfer of $17m in dormant account monies to further strengthen the nation’s resilience.
BISX hits high on sub-fund listings
THE Bahamas International Securities Exchange (BISX) yesterday confirmed it has added another listing to its investment funds roster.
Bishop’s family wins on title over 3,205 Rum Cay acres
An Anglican Bishop and his family have fought off multiple challenges to their ownership of 3,205 Rum Cay acres in a Supreme Court ruling billed as “cleaning up” much of the land speculation that has bedeviled the island for decades.
Bank failure reform impact for depositors and creditors
PROPOSED legal reforms will give Bahamian depositors “preferential treatment” while providing the Central Bank with “discretion to depart” from equal treatment of “similarly-ranked creditors” following a bank failure.
