Insurance pricing ‘stalemate’ over $50m fire payout
Bahamian insurers hit a “stalemate” with their global reinsurance partners due to an “unprecedented” year of fire-related losses and payouts in 2025, it was revealed yesterday, with property coverage costs set to remain “flat” for business and homeowners this year.
Realtor aiming to beat 40% sales value jump
Bahamian realtors and developers were yesterday said to have enjoyed up to 35-40 percent year-over-year increases in the dollar value of completed sales in 2025, with one asserting that his firm expects to “match or exceed” this performance this year.
Abaco resort buyers to ‘bring Bluff House back’
A well-known Abaco resort will enjoy increased accommodations, services and staff following the closing of its purchase by VIP Marinas late last year.
Retailers shrug off Trump tariffs with 15% sales rise
Bahamian retailers yesterday reported a 15 percent increase in sales over the Christmas season despite higher inventory costs resulting from US tariffs raising concerns for small businesses.
‘No idea’ on alleged $100m Colina debt
A Cabinet minister yesterday said he had “no idea” whether assertions that the Government owes $100m to the carrier providing medical insurance to security forces personnel is correct amid claims that qualified dependents are being denied coverage.
Boating fees review is branded Xmas present
The Government’s pre-holiday pledge that the new and increased boating fees will be reviewed was yesterday branded “a Christmas present” with marinas suffering during the festive period amid “good” hotel occupancies.
KEITH ROYE II: Clear eyes critical on business automation
Business automation has become the ‘buzzword’ of the day among Bahamian entrepreneurs, promised as a silver bullet for efficiency and profitability.
Sarkis triumphs over ‘deceit’ claims on 333-acre project
The Chief Justice has dismissed claims of “deceit, fraudulent misrepresentation and breach of confidence” that were levelled against Baha Mar’s original developer in relation to a separate 333-acre mixed-use development he was planning at Clifton Bay.
Labour relations ‘stable’ as unions meet with Prime Minister Davis
THE Trades Union Congress (TUC) president yesterday said labour relations in The Bahamas remain "stable” as he reassured workers that talking to the Government remains productive.
Abaco road repair ‘a priority’ for PM claims Bishop Cedric Bullard – ‘but no date given’
The Prime Minister will make repairing the roads in Abaco a priority, a member of the North Abaco Pastors Association (NAPA) claimed yesterday.
Marinas warn 1,500 jobs ‘at risk’ as boat traffic slows
Bahamian marinas have warned the Prime Minister that up to 1,500 Bahamian jobs are “at risk” from the 40 percent decline in boating traffic amid signs of progress towards an acceptable compromise for both the Government and private sector over the Budget fee hikes.
Fiscal deficit cut 32% during first two months
The Government slashed its fiscal deficit by 32 percent, or almost one-third, for the first two months of the current 2025-2026 Budget year due to a more than $50m decline in the amount of ‘red ink’ incurred during August.
Doctors chief: Tax fast food eateries ‘to the hilt’
A doctor’s union president yesterday called for new taxation to be imposed on fast food restaurants to help cover the public healthcare system’s forecast $24m financing deficit while also slamming the fees being levied on National Health Insurance (NHI) providers.
Gov’t boating fee review: ‘We start over yet again’
The Government yesterday pledged to “review” the “competitiveness” of the boating fee hikes and accompanying regulatory reforms following the Prime Minister’s intervention, with marina industry chiefs asserting the sector feels as if “every five years we start over again”.
Road carnage: 40% of Nassau hit by accidents
Some 40 percent of New Providence residents have revealed they or a close family member have been involved in a traffic accident within the past five years, leading an Inter-American Development Bank (IDB) report to brand Bahamian road safety as “a significant public policy issue”.
