Aman to brand 500-job, $260m Exuma project
A boutique high-end resort label has agreed to brand and partner with a $260m Exuma cays development that was approved more than nine years ago under the last Christie administration.
Delaporte Point battle over Airbnb rental ban
A western New Providence gated community is battling a furious revolt by a group of homeowners who are accusing it of seeking to ban Airbnb-style short-term vacation rentals within its walls.
‘Room for more’: Bahamas 3.4% growth beats IMF’s
Bahamian businessmen are arguing this nation has “more room for growth” after hailing the economy’s “fantastic” 3.4 percent output expansion in 2024 - a figure significantly higher than the IMF’s 2 percent estimate.
Brothers win $147,500 in family auto shop bust-up
Two brothers have been awarded a combined $147,500 for wrongful and unfair dismissal following a bust-up at a family-run auto repair shop over unproven allegations of stealing.
Construction, vehicle repairs drive ‘24’s 3.4% growth hike
The Bahamas saw a 3.4 percent increase in economic output during 2024 that was largely driven by increased construction, motor vehicle repair and merchant wholesale/retail activity.
Florists endure tariff hikes, Mother’s Day sales drops
Bahamian florists say they have endured a decline in Mother’s Day sales while having to pay suppliers more for their inventory.
DEREK SMITH: How to manage AI’s risk and governance
Artificial intelligence (AI) is no longer an emerging trend.
Ex-chairman returns as Gaming Board secretary
A former Gaming Board chairman has returned to the casino and web shop regulator as its secretary with effect from May 1, 2025.
Royal Caribbean names PI beach club’s finance chief
Royal Caribbean has named Nolan Knowles as director of finance and accounting for its Royal Beach Club project that is set to open on Paradise Island this December.
Land reforms to ‘wash out’ bogus title claims
The Government’s land reforms promise “a massive transformation” that will ultimately “clean out the system” and better secure property ownership rights for all Bahamians, it was asserted yesterday.
Sarkis loses bid to block CCA’s latest $1.7bn challenge
Sarkis Izmirlian’s bid to block a fresh appeal of his $1.7bn damages award by China Construction America (CCA) has been rejected by a US court despite assertions it has just a 4 percent chance of proceeding.
Berry Islands ‘frustrated’ over road and communication woe
Berry Island residents yesterday voiced concerns about road paving delays, a lack of infrastructure and unreliable telecommunications services.
Doctors Hospital profit down 60% on cost hike
Doctors Hospital suffered a near 60 percent year-over-year net income decline over the nine months to end-October 2024 as expenses growth outstripped revenue rises amid its ongoing expansion.
AG: Bahamas ‘must preserve’ anti-financial crime ‘40 of 40’
The Attorney General yesterday said it is “vital” The Bahamas maintain its perfect ‘40 out of 40’ compliance on global anti-financial crime standards with just-unveiled legislative reforms dedicated to that goal.
CIBC: First-half ‘casts doubt’ Gov’t to hit $70m deficit goal
A major Canadian bank says the Government’s six-month fiscal outturn “casts some doubt” on whether the full-year $69.8m target will be met while also voicing concern over its “elevated roll over risk”.
