Gov’t’s $120m drawdown helps cut external reserve growth 69%
The Central Bank’s governor yesterday said the Bahamian economy can still grow in 2025 amid Trump tariff uncertainty as the pace of expansion for the country’s foreign currency reserves fell almost 69 percent.
Central Bank in ‘substantial work’ over banking reforms
The Central Bank’s governor yesterday said the banking industry regulator is planning to complete a “substantial amount” of work on sector reforms during 2025.
Opposition gives Mining Bill oversight concerns
The Attorney General yesterday said new legislation to regulate mining and extractive industries will help to diversify to the Bahamian economy and generate sovereign wealth through this nation’s natural resources.
Governor promises no one excluded from bank access
The Central Bank’s governor yesterday pledged it is working to ensure no Bahamian is excluded from access to financial services amid fall-out from Bank of The Bahamas’ move to cut South Andros branch hours.
Montagu Park’s ‘absolutely crazy’ commerce takeover
Residents and politicians alike are slamming as “absolutely crazy” the excessive commercial exploitation at one of the few waterfront New Providence sites dedicated for Bahamians and their families to enjoy.
‘Path of neglect’: Minister slams BOB Andros cuts
A Cabinet minister has blasted a government-owned bank for cutting branch hours in his constituency and further pushing Family Island communities “down this path of neglect”.
Sarkis: CCA booked $96m debt as ‘country club memberships’
Sarkis Izmirlian is alleging that the US unit of Baha Mar’s contractor booked $96m in debt owed to subsidiaries and affiliates “under a line item for country club memberships”.
‘Don’t panic’ but brace, hotel workers warned
Hotel workers are being urged “don’t panic” amid fears that Donald Trump’s tariff policies will still spark a major tourism and economic slowdown despite the ‘90-day pause’ imposed by the US president.
Taxi drivers ‘under siege’, asserts union president
The Bahamas Taxi Cab Union’s president is asserting that his members and the wider industry are “under siege” by individuals operating illegal rideshare services.
DEREK SMITH: Aligning corporate ambition with cyber security risk management
When building your company’s cyber security or risk management programme, the debate between NIST and ISO frameworks quickly becomes unavoidable. Both offer valuable guidance but differ sharply in design, application and business outcomes.
AML Foods redeploys all 129 fire-hit workers
AML Foods says it has redeployed all 129 employees impacted by the blaze that destroyed its Cost Right Nassau and Solomon’s Old Trail stores at its other New Providence outlets.
‘Sign of desperation’ to celebrate IMF revision
The Opposition’s finance spokesman yesterday asserted that “it’s almost a sign of desperation” for the Prime Minister to celebrate a 0.1 percentage point improvement in the IMF’s growth forecast for The Bahamas.
BPL targeting ‘cash flow neutral’ by 2032
The Government is hoping that Bahamas Power & Light (BPL) can become “cash flow neutral” by 2032 if all the benefits from its energy reforms are realised, it was asserted yesterday.
Bahamian investors in $20m power plant ownership offering
Bahamian retail investors will be given an opportunity as early as end-May to collectively acquire a $20m ownership interest in the renewable energy provider developing new power plants for Abaco and Eleuthera.
No tariff ‘end of world’ as auto sales up 12%
New car sales exceeded 2024’s “banner year” by 12 percent during the first two months of 2025, with one Bahamian auto dealer yesterday asserting that current global uncertainty “won’t become the end of the world”.
