North Andros says BPL 'could have given more'
North Andros businesses and residents feel Bahamas Power & Light (BPL) "could have offered more to ease their burden" even though the utility alleged the area's consumers owe it a collective $500,000 in arrears.
Gov't challenged over industrial hemp delay
A marijuana legalisation advocate yesterday challenged the Government’s decision to legalise medicial marijuana but not industrial hemp, arguing: "They are the same thing.”
Industrial hemp legislation to follow medical marijuana
The Attorney General yesterday said the Government is "working on" legislation that will eventually facilitate industrial hemp usage as it makes medical marijuana legalisation its first priority.
AG: Minimal benefits from Commercial Enterprises Act
The Attorney General yesterday said he believes the Commercial Enterprises Act has brought minimal economic benefits to The Bahamas as the Government now works to refocus the law on "empowerment zones".
Credit union provides $25m 'blue collar' mortgage funds
A credit union yesterday agreed to supply a $25m financing package that will cover around 100 mortgages for purchasers of affordable government homes.
FTX US chief blasts ‘meddling’ liquidators
FTX’s US chief has resumed battle with the crypto exchange’s Bahamian liquidators by asserting that their “meddling is hindering” efforts to return recovered assets to former clients and creditors.
Deficit in ‘jeopardy’ on VAT under-shoot
The Opposition’s finance spokesman yesterday warned the failure to hit VAT targets for 2022-2023 could place the current year’s forecasts in “even more jeopardy” and potentially trigger spending cuts to meet the $131m deficit goal.
FTX’s Bahamas properties rack up $450k unpaid fees
FTX’s US chief has revealed that the collapsed crypto exchange’s Bahamian property empire has amassed $450,000 in unpaid fees to local services providers over the ongoing impasse over how to sell the portfolio.
PM: FTX ‘lessons learned’ will make Bahamas better
The Prime Minister yesterday pledged that “the lessons we learned” from the FTX crypto exchange’s collapse will enable The Bahamas to better strengthen its regulatory regime and emerge as a regional digital assets hub.
FTX Bahamas demanding $9.15bn from US affiliates
FTX’s Bahamian liquidators are seeking to recover a total $9.15bn from the crypto exchange’s US entities with some 84 percent of this sum involving assets that were “misappropriated” prior to its late 2022 collapse.
Minister urges Bahamians to report over-charging jitneys
A Cabinet minister is urging Bahamians who are being charged $1.50 by jitney drivers to report such incidents to the Road Traffic Department for investigation as the practice is illegal.
MasterCard aiming to drive Bahamas Fintech solutions
A MasterCard executive yesterday said the company is committed to driving Fintech (financial technology) solutions in The Bahamas so that its "underserved and unbanked" populations can better access such services.
National cyber breach plan may 'take years'
A Bahamas-based cloud services provider yesterday said developing a comprehensive national response strategy to deal with cyber security breaches can be “complicated” and “take years”.
Real estate ‘bull can only run for so long’
The Bahamian property market is “correcting itself” to more sustainable pre-COVID highs, realtors agree, with 2023 second quarter New Providence home sales down 21 percent as “the bull can only run for so long”.
Bimini airport PPP proposal is revived
A private-public partnership (PPP) proposal to transform and take over management of Bimini’s airport has been revived and presented to residents last week for community feedback, Tribune Business can reveal.
