Bahamas gains $10m Saudi 'incubation' loan
The Deputy Prime Minister yesterday revealed that The Bahamas has secured a $10m loan from Saudi Arabia to finance the development of so-called "incubation centres" for tourism start-ups and small businesses.
Small Business Centre invests $800k in female entrepreneurs
The Small Business Development Centre’s (SBDC) executive director yesterday said it has invested $800,000 in in female entrepreneurs via 87 grants.
Gov'ts online portal sees 130k requests
The Government's My Gateway online portal has processed 130,000 applications and collected $4m in revenue since it was launched more than two years ago, it was disclosed yesterday.
DPM meets Netflix chief to advance film industry
The deputy prime minister says he last week discussed with Netflix’s chief executive how to “advance” and develop a local film and production industry in The Bahamas.
Treasure hunter fears 'loot and scoot' return
A Bahamas-based underwater explorer has voiced fears that recent legal and regulatory reforms moved by the Government are a "serious mistake" and will lead to the return of "loot and scoot" practices involving ship wrecks.
Bahamas First unveils Cayman woes probe
Bahamas First has assigned its non-executive directors to probe woes that resulted in regulators threatening to bar its Cayman affiliate from writing new life and health insurance business.
'Incalculable' value from Bahamas' 176 wrecks
A Bahamas-based underwater explorer says the value to this nation's underwater cultural heritage from the 176 extra ship wrecks identified within its licence area is "incalculable" and "cannot be measured in dollars".
FTX Bahamas: Only we can pursue void payouts
FTX's Bahamian liquidators are asserting they may be the only ones "lawfully" able to pursue "material volumes" of client withdrawals that occurred around the time of the exchange's collapse and may thus be deemed void.
Goal!!!!
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DEREK SMITH: Uniting to battle modern slavery
In celebration of June 19, an historic date in history that marked the abolition of slavery in Texas, financial crime professionals are grappling with a different but uncomfortably similar problem: Modern day slavery and human trafficking.
Gov't to 'unleash' $200m Water Corp investments
An MP yesterday said the Davis administration is poised to "unleash" the most ambitious capital investment initiative ever by the Water & Sewerage Corporation with $200m earmarked for 80 projects over a five-year period.
Taxi drivers wait on 10% fare increase affirmation
The Bahamas Taxi Cab Union's (BTCU) president says drivers are just waiting on an announcement from the Ministry of Transport and Housing to make their 10 percent fare increase official.
Charities asked: Do you hold any of FTX’s $5.4m?
FTX’s Bahamian liquidators are “liaising” with local charities and non-profits over the collective $5.4m in donations they received from the collapsed crypto exchange to determine if they still hold any of these funds.
‘Not scratched 10%’ of fly fishing potential
The Bahamas has “not even scratched 10 percent” of the fly fishing industry’s economic potential, it was asserted yesterday, amid “urgent” calls for it to rapidly increase guide numbers to “catch up” with rivals.
Andros shipper ‘exceeds every financial projection’
An Andros shipping company, which in summer 2021 was hailed as the largest recipient of financing arranged through the Small Business Development Centre (SBDC), yesterday said it has “beaten every financial projection” since launching.
