Illegal construction fight has been 'a rank failure'
The Bahamian Contractors Association's (BCA) president yesterday said builders are asking "why should we follow the law" following the country's "rank failure to manage the built environment".
Atlantis probe can’t be ‘a fishing expedition’
A trade union leader yesterday warned the Government that it must have "a legitimate basis" for its Atlantis labour probe and said: "It cannot be a fishing expedition."
FOCOL raise could have beaten $16m
FOCOL Holdings could have raised "far more" than the $16m received in Monday's preference share offering, its chairman said yesterday, as it moves into an accelerated "growth mode".
Bahamas trade deficit up $325m at five-year high
The Bahamas' trade deficit expanded by $314.6m or 10.7 percent during 2022 to hit a five-year high of $3.254bn, it was reveled yesterday, as inflation and higher global oil prices caused import costs to soar.
Claims Bahamas 'in cahoots' with SBF are 'shockingly inappropriate'
An FTX creditor/investor group yesterday leapt to The Bahamas defence by branding claims that the Government was "in cahoots" with Sam Bankman-Fried as "shockingly inappropriate".
Andros crippled by banking access woe
Andros businesses are being crippled by a lack of functioning automated teller machines (ATMs) and access to financial services, with one company withdrawing all available ATM cash in a single day to meet payroll.
Bahamas software developer targets Caribbean expansion
A Bahamian software developer yesterday said business is “picking up quite quickly” as it plans to expand its human resources and payroll platform to the wider Caribbean by year-end.
Gov't 'working diligently' on Abaco port concerns
A Cabinet minister yesterday reiterated that the Government is reviewing tender documents that will be released to bidders interested in taking over Abaco's two ports via private-public partnership (PPP) arrangements.
Fears that Royal Caribbean 'setting tone' on PI project
Environmental advocates yesterday voiced concern that Royal Caribbean is "setting the tone and beating the drum" after the cruise line - not the Government - unveiled the date and time for the public meeting on its Paradise Island project.
Crypto mining ban 'begs explanation'
A Bahamian digital assets entrepreneur says the Securities Commission's decision to ban crypto currency mining in the revised Digital Assets and Registered Exchanges (DARE) Bill warrants further explanation.
GB Power solar rates '30% below Caribbean'
Grand Bahama Power Company says the solar power rate it has obtained from independent energy providers (IPPs) is "30 percent less than what you see elsewhere" in the Caribbean.
Bahamas liquidators slam US FTX chief's 'underhand' tactics
FTX's Bahamian liquidators yesterday accused their US adversaries of employing "underhanded" tactics to seize control of all the crypto exchange's clients and assets - including those that fall under their winding-up process.
FTX EXTRADITION UNDER SCRUTINY: Bankman-Fried wants charges dismissed on claim US violated treaty
Sam Bankman-Fried yesterday sought to dismiss multiple fraud, bribery and corruption-related charges stemming from FTX's collapse on the grounds that the US has violated The Bahamas' Extradition Act and treaty.
British Colonial set for partial summer re-open
The Deputy Prime Minister yesterday said downtown Nassau's British Colonial hotel will partially re-open this summer ahead of a full return in November 2023.
Companies registry set to be 'much improved'
The Attorney General yesterday said The Bahamas' new companies registry is ready for testing by the private sector as he promised "a much-improved user experience".
