Colina net profit rises to $24.3m for first half of year
A BISX-LISTED insurer and financial services group reported a $24.3m net profit for the first half of 2026, with its insurance service result rising by $2.7m as the company pointed to stronger underlying operating performance.
TUC backs BEWU over new BPL overtime policy
THE BAHAMAS National Alliance Trade Union Congress (BNATUC) has thrown its support behind the Bahamas Electrical Workers Union (BEWU) in its trade dispute with Bahamas Power and Light (BPL), accusing the utility of breaching its industrial agreement by unilaterally introducing an overtime policy.
Green Turtle Cay developer presses ahead despite rejection
THE BUSINESSMAN behind a controversial proposed Green Turtle Cay development is seeking approval in Nassau to move forward with his Gillam Bay project after it was unanimously rejected by both the community and the council.
Developer abandons PPP plans for Governors Harbour Crown Land
DEVELOPER Jeff Jacobs has abandoned plans to pursue a public-private partnership with the government involving Crown Land in Governors Harbour after facing sustained opposition.
Holder named COO as BGC shifts leadership
Bahamas Grid Company (BGC) has appointed Ryan Holder as its new chief operating officer as the company moves to a “fully independent, all-Bahamian-led management team”.
Guidance for constituents at MP Rahming’s first branch meeting
Marathon residents received guidance on mortgage financing, real estate, insurance and construction during a homeownership initiative.
Sebas: Public trust vital to AI adoption
A CABINET minister says public trust will be critical to the speed at which The Bahamas’ adopts artificial intelligence (AI) as the Government prepares to develop its national strategy and governance framework focused on privacy, cyber security, transparency and human oversight.
Bank: $9m-$10m yearly share buy-back spend
COMMONWEALTH Bank says it has no plans to act as “a market maker” for its stock through a recently-unveiled five-year share buy-back initiative upon which it expects to spend between $9m-$10m annually.
BPL union chief labels $20m overtime bill as ‘distraction’
A UNION president yesterday accused the Government of using Bahamas Power & Light’s (BPL) overtime costs as a “distraction” from the wider problems plaguing the electricity sector as the Davis administration branded the near-$20m annual bill as “unsustainable and unacceptable”.
Tourism’s ‘bigger picture’ concerns over fees fall-out
TOURISM executives say they have yet to receive complaints over retroactive triple-digit fee hikes facing private aviation but urged regulators to consider the “bigger picture” and not “ruin The Bahamas’ image”.
Ex-CEO: BPL overtime payouts ‘off the charts’
A FORMER Bahamas Power & Light (BPL) chief executive yesterday said he was “shocked” by overtime figures he branded “off the charts” as it emerged that such payments have previously equalled almost one-third of the state-owned utility’s regular payroll.
Insurance agent unveils online portal capabilities
A Bahamian insurance agency says it is marking its 60th anniversary by helping customers discover how much of their insurance business can be handled online.
Union challenges BPL on late overtime intervention
THE UNION representing Bahamas Power & Light (BPL) middle managers yesterday challenged why management did not intervene sooner over more than $600,000 in overtime reportedly paid to three employees.
Union Alliance head pleads for taxi driver return to talks
THE BAHAMAS Union of Teachers (BUT) president yesterday urged the Bahamas Taxi Cab Union (BTCU) to resume negotiations with livery operators to resolve their escalating dispute but this was rejected by the latter’s appeal.
Transport rivals differ over ‘trial agreement’
THE DISPUTE over how taxi and livery operators work at Lynden Pindling International Airport (LPIA) has escalated into a disagreement over whether the Government ever secured an agreement between the competing transportation groups.
