Civil registry's online return eliminates 'terrible handicap'
Attorneys and realtors yesterday hailed the civil registry's online restoration for eliminating "a terrible handicap" that had created a "go slow" for title searches and real estate transactions.
RBC Caribbean chief: Low growth hits FINCO
Royal Bank of Canada's (RBC) top Caribbean executive says its Bahamian mortgage lending arm will "continue to be challenged" with credit losses and an inability to expand its loan book because of the country's "low growth economy".
FTX's Bahamian liquidators possess own data leverage
FTX's Bahamian provisional liquidators have their own data bargaining chips, it has emerged, as they control "electronic devices" used by Sam Bankman-Fried and his inner circle that their US counterparts are eager to access.
‘Mission critical’ cruise port in $12.38m profit
NASSAU Cruise Port's success was yesterday branded "mission critical" for The Bahamas with 35 percent of the country's economy dependent on a facility that has generated $12.383m in net profits even before its official opening.
Activist: Don’t let polluters off hook with minimal fine
An environmental activist yesterday warned that the parties responsible for last year’s Exuma oil spill must not be allowed to escape by paying a minimal fine.
‘Ground breaker’ insurance for $2bn mangrove system
The Bahamas stands to benefit most out of all hurricane-prone Western Hemisphere nations from investing in the $2bn worth of natural storm surge protection provided by its mangrove ecosystems, it has been revealed.
Village Road: ‘Don’t drag out’ relief for roadworks
Village Road businesses are urging the Government to “not drag out” the provision of tax breaks and other financial compensation for their roadworks “nightmare” with some firms preparing individual damages claims.
Gov’t generates $6m surplus for January
The Government generated a modest $6m Budget surplus during January 2023, which enabled it to enjoy a rare month when its direct debt actually shrank albeit only by $8.5m.
Only margin increase will ‘get us over the finish line’
Bahamian petroleum retailers yesterday reiterated that a margin increase is “definitely what’s needed to get us over the finish line” as they voiced optimism that this week’s meeting with the Government will achieve a solution all can live with.
Blue Postal refutes closure, tax arrears
A courier company has refuted reports it is closing its Bahamian operation while also dismissing suggestions that the move was sparked by outstanding tax arrears owed to the Government.
Civil registry restored after ‘inordinate delay’
PUBLIC access to the civil registry at the Registrar General’s Department was restored last week as its top official apologised for what she described as an “unexpected and inordinate delay” and disruption.
Village Road seeks ‘two relief umbrellas’
VILLAGE Road businesses are seeking “two umbrellas” of relief for damages and losses due to prolonged roadworks impacting the area.
$300m cruise port won’t be ‘a tourism Wal-Mart’
Nassau Cruise Port’s top executive says he is “absolutely” confident that its $300m transformation will increase visitor spending yields and lure more hotel guests downtown, adding: “We’re not creating a tourism Wal-Mart.”
‘Barely scratching surface’ on Sand Dollar’s adoption
The Bahamas is “barely scratching the surface” of the Sand Dollar’s potential, payment providers asserted yesterday, with the digital currency needing more “high traffic” merchants to accept it to drive adoption.
Royal Caribbean breaks silence in PI controversy
Royal Caribbean yesterday broke its silence on the controversy surrounding its $100m Paradise Island project by asserting the “first-in-kind” proposal will “ensure the economic benefit stays in The Bahamas for generations to come”.
