Minister says ‘world turning upside down’
A Cabinet minister says The Bahamas must further strengthen its public finances, reduce the leakage of tourism dollars and diversify supply chains to withstand the fall-out from US trade and tariff policies.
‘Look in own backyard’ on financial crime, US urged
The Government has united with local businessmen and financial services executives in urging the US to “look in your own backyard” before blasting The Bahamas over alleged anti-financial crime deficiencies.
Development Bank expands financing for electric vehicles
The Bahamas Development Bank (BDB) has expanded its eco-friendly transportation drive by teaming with ICON Bahamas to offer businesses 100 percent financing for their electric car purchases.
$200m Rosewood’s developer: We and Turtlegrass can co-exist
The developer behind the $200m Rosewood project for Exuma says it believes itself and a neighbouring resort can “co-exist” despite accusing the latter of spreading “misinformation” about its development.
Doctors Hospital unveils stock split
Doctors Hospital says it is today unveiling a two-for-one (2:1) stock split to boost liquidity in its stock and make the price more accessible and affordable for retail investors.
VAT food cut runs ‘counter’ to farm policy
The Government’s 50 percent VAT rate slash on imported unprepared foods will place Bahamian farmers at “a serious disadvantage” and is counter to its sector policy, an agricultural entrepreneur argued yesterday.
‘Caught in the crossfire’: GB Power hit by rate rise delay
Grand Bahama Power Company is suffering a “very real impact” from the delay in reviewing and approving its proposed new rate structure after getting “caught in the crossfire”, it was disclosed yesterday.
Summit at peak strength despite ‘negative’ outlook
A Bahamian insurer yesterday said it is targeting “non-catastrophe” business lines for growth in a bid to escape continued reinsurance pricing pressures that have impacted recent profits and operating results.
Anti-financial crime legal reforms ready pre-Budget
The Attorney General yesterday said legal reforms to assist with the next international evaluation of The Bahamas’ anti-crime defences will be tabled in Parliament before the May Budget unveiling.
Bahamas ‘a haven for finance crime'
THE US government is asserting that The Bahamas “lacks... political will” to fully crack down on financial crime with this nation representing a “low risk” haven for fraudsters and corrupt individuals.
Straw vendors ‘pray and hope’ over US tariff fight
Straw vendors were yesterday said to be bracing for a drop-off in visitor numbers and reduced tourism business due to the uncertainty created by US trade and economic policy.
Companies registry boost via April platform launch
The Attorney General yesterday said the companies registry will launch an integrated platform in April that will allow financial and corporate services providers to manage their businesses more efficiently.
AG reveals IP regulations set for roll-out next week
The Attorney General yesterday said regulations to accompany and enforce The Bahamas’ intellectual property rights reforms will be issued next week.
‘Build the economy’ through permanent residency reform
A prominent realtor is urging The Bahamas to reform permanent residency by launching a ‘Start-Up Visa’ programme as a tool that “builds the economy”.
Annual Bahamas inflation rate falls flat in December
The Bahamas’ annual inflation rate was flat in December 2024 to end a run of five consecutive months where it declined year-over-year, official data has disclosed.
