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.
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”.
