Top EU official denies ‘unfair practices’ towards Bahamas
THE European Union’s (EU) Bahamas representative yesterday asserted that the 27-nation bloc “has never imposed any sanctions or unfair practices” on this nation and other Caribbean states amid criticism of its regulatory initiatives targeted at international financial centers.
Governor: ‘There’s work to be done’ on consumer concerns
THE Central Bank’s governor yesterday asserted that its proposed reform package will “empower the regulator to address more holistically” Bahamian consumer concerns around bank fees, financial inclusion and access and payment services.
Credit unions push back over VAT exemption end
BAHAMIAN credit unions yesterday pushed back on planned legal reforms that will eliminate the current VAT exemption they enjoy as the Central Bank’s Governor defended the move on the grounds of fairness.
Tourism plan data-driven and not ‘pie in the sky’
THE Ministry of Tourism’s deputy director-general is anticipating a “strong” finish to the year, with momentum building for 2026 as The Bahamas seeks to growth its stopover arrivals.
Parent banks to be liable on agents’ ‘acts and omissions’
THE Central Bank yesterday warned that Bahamian banks and trust companies will still be held liable for all “acts and omissions” by agents they appoint to act as payment agents on their behalf.
BTC urges unions: Talk to us on your grievances
THE Bahamas Telecommunications Company (BTC) yesterday urged the two trade unions that represent its staff to resolve their grievances through talks with management after they took their complaints to the Prime Minister.
‘No homes shortage’ with 25,000 vacant dwellings
A prominent banker yesterday asserted the 25,000-plus vacant residential dwellings identified in the latest Housing Census backs his position that The Bahamas “doesn’t have a housing shortage”.
Electric vehicle dealer ‘dreams big’ with fourth brand’s launch
A Bahamian electric vehicle dealer is “dreaming big” with 2025’s sales on pace to beat the full-year target by 10 percent and its fourth brand set to be launched at this weekend’s annual industry New Car Show.
Cruise ship power provider unveils $100m bond raise
THE 60 mega watt (MW) shore power provider for Nassau Cruise Port’s docked vessels is seeking a further $100m in financing via a bond issue that is set to launch on November 6.
BTC unions ‘lay everything out on table’ in PM meeting
THE trade unions representing Bahamas Telecommunications Company (BTC) staff yesterday said they “laid everything out on the table” in meeting with the Prime Minister over their grievances with how the carrier is being managed.
Contractors in renewed plea over self-regulatory Board
BAHAMIAN contractors yesterday renewed their plea for the Government to take the final steps to allow the industry to self-regulate and halt ongoing attempts to “build illegally”.
Reforms to boost marine protected area oversight
THE Attorney General yesterday said reforms to the Bahamas Protected Area Fund (BPAF) Act will strengthen institutional capacity and allow monies already allocated to conservation agencies to be released.
New Chinese vehicle brand makes its Bahamas debut
ANOTHER Chinese vehicle brand has entered the Bahamian market through the launch of one of its leading sports utility vehicle (SUV) models.
Briland tourism firm hit by ‘unlawful’ interference
A Briland tourism operator is accusing its now-estranged US business partner of “interfering” with operations and directing visitors to its rivals despite not being permitted to operate in the sector.
Grand Lucayan in fresh closure delay
THE Grand Lucayan’s planned closure last Thursday has been delayed yet again with the resort still open as of yesterday and no shut-down date provided to staff, Tribune Business can reveal.
