Petroleum dealer concern benefits of margin rise eroded
The Bahamas Petroleum Retailers Association’s (BPRA) vice-president yesterday said he is “very concerned” a global recession caused by Donald Trump’s tariff policies could eliminate the sector’s recent gains.
Bahamas private ports key to Carnival’s plans
Carnival Cruise Line says its multi-million dollar investments in new and existing Bahamian private cruise port destinations form a key part of its strategic plans over the next five years.
BREAKING: Appeals court upholds Izmirlian $1.642bn damages award
A New York appeals court has upheld Sarkis Izmirlian's $1.642bn damages award for fraud and breach of contract by CCA over the original Baha Mar project's failure.
Bahamas raiting upgrade will be no ‘fait accompli’
THE Bahamas must make sure it fully “executes” and does not treat the prospect of a credit rating upgrade by Moody’s as “a fait accompli”, a senior banker warned last night.
‘Significant downside risks’ as deficit hits $400m mark
The Government’s deficit for the first seven months of the current fiscal year breached the $400m mark as a key watchdog warned of “significant downside risks” to its fiscal forecasts and targets.
Creators Alliance participants urged: Speak to Commission
The Securities Commission is pleading with Bahamians who invested with Creators Alliance to contact it after declaring the venture has “the hallmarks of a pyramid scheme” - a common type of financial fraud.
Chief Justice extends San Salvador water cut-off bar
The Chief Justice has granted a seven-month extension to an injunction barring a water provider from causing “decimation of the business and residential community of San Salvador” by cutting off supply.
‘Nation must brace for likely global depression’
Bahamians must “brace” for a potential global depression and repeat of the 2008-2009 economic contraction, which saw thousands lose their jobs, due to Donald Trump’s tariff policies, a local economist is warning.
Taxi drivers’ airport protest is resolved
The Ministry of Energy and Transport has voiced its “disappointment” over Friday’s demonstration by taxi drivers at The Bahamas’ leading aviation gateway.
Key airline’s future branded ‘not clear’
A rival airline has warned Eleuthera business owners and residents that the future of Silver Airways is “not clear” and they should consider using other operators.
Privy Council ‘dismay’ over Bahamian KC and husband
The judicial system’s highest court yesterday voiced “dismay” that a Bahamian KC and her attorney husband have “withheld a substantial sum” due to a Nassau Street condo complex that has accrued over 25 years.
Gov’t uses $161.5m of bond reserves to finance current debt
The Government used some $161.5m set aside to meet future foreign currency bond repayments to instead cover its current “debt obligations” during the 2024 calendar year’s final quarter, it was revealed yesterday.
Bahamas tourism ‘bracing’ for Trump tariffs drop-off
The deputy prime minister yesterday conceded The Bahamas is “bracing” for a fall-off in travel and tourism demand after Donald Trump’s tariffs wiped an estimated $2.5 trillion off the value of global stocks.
Saudis ‘too slow’ over $55m Eleuthera airport
The deputy prime minister yesterday revealed the Government has switched to a new financier to fund North Eleuthera Airport’s $55m overhaul because the original Saudi source is too “slow and bureaucratic”.
450 construction jobs expected in expanded Eleuthera resort project
The deputy prime minister yesterday disclosed that Eleuthera’s proposed Ritz-Carlton Reserve project is increasing its planned investment by $160m and expanding the number of residences by 35 percent.
