Insurance produces almost $1bn revenue
A Cabinet minister says the Bahamian insurance industry remains critical to the economy’s overall success after generating almost $1bn in total premium revenue during 2024.
Bridal Association partners on wedding planner course
The Bahamas Bridal Association has teamed with the Ministry of Tourism, Investments and Aviation and its Canadian counterparts to hold a wedding planner certification course in Nassau.
Two graduates named to supervisory roles at BTC
Two Bahamians have been appointed to supervisory roles at the Bahamas Telecommunications Company (BTC) after completing two years of training through its graduate programme.
Royal Caribbean eyeing Nygard-linked site for PI
Royal Caribbean’s top Bahamian executive was tight-lipped yesterday over the cruise line’s likely use of downtown’s Union Wharf property as a hub for servicing its Paradise Island Beach Club.
Bus owners target ‘Achilles heel’ for unified jitney plan
Jitney owners yesterday asserted that a unified New Providence bus system will be “a win-win for everybody” as they seek to cure the project’s funding “Achilles heel” so that it can launch.
Gov’ts $357m GBPA dispute outcome ‘mustn’t disturb Freeport’s governance’
A “settlement that does not disturb Freeport’s governance” would be the “best outcome” from the Government’s $357m dispute with the Grand Bahama Port Authority (GBPA), it was argued yesterday.
Banks in 5.3% profit increase to $126.8m
Commercial banks saw a 5.3 percent increase in their collective profitability to $126.8m for the 2025 first quarter as rising commission and foreign exchange earnings offset lower net interest income.
PM: $200m Exuma resort ‘strikes the right balance’
The Prime Minister yesterday said the $200m Rosewood Exuma project “strikes the right balance” despite Bahamas National Trust (BNT) fears it “sets a concerning precedent for unsustainable development”.
FOCOL targets ‘largest ever B$ financing deal’
FOCOL Holdings is in “advanced talks” to raise $300m-$500m for overhauling New Providence’s energy generation via “the largest private sector financing deal to ever take place in Bahamian dollars”.
Taxi chief: Straw market not ‘unique’ enough for our tours
Straw Market vendors at Baha Mar must find new ways to advertise their products and drive sales instead of depending on taxi drivers to bring tourists, the Bahamas Taxicab Union president (BTCU) said.
GB arbitration talks to begin
Freeport’s fate is set to be determined by two weeks of arbitration hearings that will launch on Monday to determine the Government’s $357m dispute with the Grand Bahama Port Authority (GBPA).
'Enforcing maritime pilot rules will bring more employment'
Captain Yuri Butler, vice president of Bahamas Elite Maritime Company (BEMCO), says the government’s enforcement of a compulsory requirement for all vessels calling at Bahamian ports — including private cruise islands — to use maritime pilot services will generate new employment opportunities within the industry.
Business ‘better than pre-Dorian’ says Abaco Beach Resort owner
Abaco’s reliance on seasonal boaters continues to shape its economy, but with tourism numbers exceeding pre-Dorian levels, a local businessman says the island is poised for further growth — if key challenges can be addressed.
BISX adds new fund listing
The Bahamas International Securities Exchange (BISX) yesterday announced it has added another investment fund to its listings roster.
‘Transparency breach’ claim on approval for $200m Exuma resort
Planning approvals for the controversial $200m Rosewood Exuma resort are being challenged over “a breach of transparency” and for being “procedurally defective and substantively flawed”.
