Bahamas incurs $1bn trade deficit for 2025 first quarter
The Bahamas incurred a $1bn trade deficit for the first three months of 2025 despite exports more than doubling year-over-year, it was revealed yesterday.
Gov't eyes completion of tax residency certificate
The Government is targeting completion of the tax residency certificate product that will allow expatriate residents to prove to home jurisdictions they are domiciled in The Bahamas and compliant.
Gov't targeting predatory 'payday lender' crackdown
The Securities Commission is working with the Government to develop legislation that cracks down on “payday lenders” offering loans at predatory interest rates, a Cabinet minister disclosed yesterday.
Promotion Board chief urges: ‘Rescind boating fees botch’
The Bahamas Out Island Promotion Board’s president yesterday branded new and increased boater fees as “a botch” that needs to “be rescinded immediately” amid ongoing visitor “uproar”.
Ex-Gaming Board staff’s ‘excessive’ $1.9m damages award overturned
The near-$1.9m in total damages awarded to five former Gaming Board employees was yesterday overturned by the Court of Appeal which branded their payouts as “excessive sums”.
Union leader urges PM: Be ‘man of your word’ on pensions reform
The Bahamas Out Island Promotion Board’s president yesterday branded new and increased boater fees as “a botch” that needs to “be rescinded immediately” amid ongoing visitor “uproar”.
Health moving to address GB medical waste issues
The Ministry of Health is in negotiations to address the potential dangers caused by the transport of hazardous medical waste through the purchase of an incinerator.
Cultivation centres close to completion
Cultivation centres in New Providence and Eleuthera are in the final stages of development with Eleuthera's Hatchet Bay location set to be completed by the end of the 2025-2026 fiscal year.
Minister defends $2.25m sunken vessel allocation
A Cabinet minister has defended the Government's decision to allocate $2.25m in the 2025-2026 Budget to the removal of sunken vessels from Potter's Cay and elsewhere in The Bahamas.
Royal Caribbean to fill 150 PI posts by summer's end
Royal Caribbean's top Bahamas executive says the cruise line is targeting summer's end to fill 150 posts at its Paradise Island beach club with the second round of recruitment currently underway.
FNM to slash yacht tax rate 'highest in Caribbean-Atlantic'
The Opposition yesterday pledged to slash a yacht charter tax rate, which the industry has branded "the highest in the Caribbean-Atlantic region", by more than 70 percent in percentage terms if elected.
'Huge relief' as the Gov't drops 'void' coveyances
Attorneys have branded the Government's abandoning of legal reforms that would have treated unrecorded real estate deals as "void" as "a huge relief".
Boater backlash on fee increases plus ID install confusion
Marinas in the northern Bahamas have been hit with multiple cancellations due to a combination of boating industry uproar over new and increased fees plus confusion over planned legal reforms.
Bill ‘may revive Moorings deal’
The Opposition voted against the Maritime Revenue Unit Bill over fears it will revive the previously-abandoned Bahamas Moorings deal under the guise of statute legislation.
BISX market expansion plans ‘are still on track’
The Bahamas International Securities Exchange’s (BISX) three key initiatives to expand the capital markets are “still on track”, its top executive said yesterday, with two set to launch “in the next few months”.
