Licence issue set to reignite Old Bahama Bay takeover battle
The takeover battle at Old Bahama Bay is poised to reignite after the necessary government licence was issued on Friday to the corporate vehicle seeking to assume the resort’s management.
$35m investor windfall as bank’s profits up 29%
Commonwealth Bank’s shareholders are set to enjoy a near $35m total dividend payout during the 2025 first half after setting a new annual profits record last year.
‘Urgent’ mediation over cruise island labour fight
The Government’s labour chief last night voiced optimism that elements of a private cruise island dispute could be resolved “within seven days” with all sides set to attend an “urgent” mediation meeting this week.
IAN FERGUSON: Breeding the next generation of Bahamian entrepreneurs
Young people can become successful entrepreneurs by developing a strong business mindset, gaining relevant skills through practical experience and education, and building a supportive network. This includes fostering passion, setting clear goals, creating a solid business plan and continuously learning and adapting to market changes.
Minister pledges reform to combat AI fraudsters
A Cabinet minister yesterday said the Government is planning legislative reforms to combat the sudden surge in artificial intelligence (AI) generated scams.
PM to meet Rubio over the US tariffs
The Prime Minister will next week meet with Marco Rubio, the US Secretary of State, in a bid to head-off the impact of Donald Trump’s tariffs on The Bahamas, its economy and exporters.
Partners seeking to expand Bahamas medical services
TROPIC Ocean Airways and REVA Air Ambulance have partnered to provide medical services to remote Family Islands with ambitions to expand throughout The Bahamas.
PM: New Budget ‘will not hurt’ the business sector
The Prime Minister yesterday pledged that the upcoming 2025-2026 Budget will be pro-economic growth, and asserted that it “will not introduce measures that hurt the business community”.
Growing fears on Business Licence fee over-payment
Bahamian companies are increasingly fearful they have overpaid their Business Licence fees for 2025 given predictions that sales will plunge due to the economic uncertainty unleashed by Donald Trump’s tariffs.
$200m Exuma resort in planning approval
The controversial $200m Rosewood Exuma resort was yesterday said by its developer to have received the necessary approvals to proceed from the Town Planning Committee.
URCA’s Freeport legal challenges are ‘stalled’
Two legal battles challenging the Utilities Regulation and Competition Authority’s (URCA) authority to supervise Freeport-based utilities have “stalled” over bids to have the judge overseeing the cases step down.
BICA chief: ‘Bottlenecks’ remain but Business Licence smoother
The Bahamas Institute of Chartered Accountants (BICA) president yesterday said “a meaningful number” of $5m-plus turnover firms have sought Business Licence filing extensions amid “notable” process improvements.
DEIDRE BASTIAN: Factors that show your business on right path
Growing a business from idea to long-term success is no walk in the park. All entrepreneurs want to know their enterprise is doing well, but some may feel that, if you grow too quickly, you risk depleting your resources or not being able to keep up with customer demand. Yet expand too slowly, and a business could stagnate and lose out on lucrative opportunities.
‘Good a time as any’ to revive LPIA hotel
Lynden Pindling International Airport’s (LPIA) top executive yesterday asserted “this is as good a time as any” to revive a 15-year effort to develop a hotel with up to 240 rooms at Nassau’s main gateway.
‘Screams to get louder’ over closures of Nassau quarries
The Bahamian Contractors Association (BCA) president yesterday asserted that “the screams are going to get louder and louder” as New Providence’s limestone supply dries up due to enforced quarry closures.
