Opposition challenges Govt’s ‘much touted’ carbon credits
The Opposition’s finance spokesman yesterday challenged the Government to detail when Bahamians will see a return from its “much touted” blue carbon credits as it appears to be eyeing different securities.
Cuban, Bahamian Gov’ts battle on $90k CIBC funds
A Cuban government-owned travel agency has failed in its latest bid to obtain summary judgment against the Bahamian government and CIBC Caribbean in a dispute over a 25 year-old cheque worth $90,000.
Changing banks ‘switching from one devil for the next’
Changing commercial banks is equivalent to “switching one devil for the next”, business owners argued yesterday, asserting that their fee and account opening experience is far different from industry surveys.
Royal Caribbean names PI Beach Club operations head
Royal Caribbean yesterday said the operations chief at its main Bahamian private island will move to Nassau and become general manager at its Paradise Island-based Royal Beach Club.
Bahamas targets boaters at Palm Beach Boat Show
The Bahamas used the five-day Palm Beach International Boat Show as a platform to attract more boating and yachting visitors to this destination.
Long Island mulls protest with 2025 the ‘worst ever’
A Long Island business owner, who has applied to stage a peaceful protest over the condition of the island’s economy, yesterday said conditions at the Deadman’s Cay airport are “holding the island back”.
BPL’s near-$1bn loss on ill-advised rate cut
Bahamas Power & Light (BPL) and its predecessor lost almost $1bn in revenues during the 18 years to end-2021 due to the first Christie administration’s decision to cut electricity base rates below cost.
‘Let your feet do talking’ over bank fee concerns
Bahamians must “let your feet do the talking” if they feel they are being poorly treated or over-charged, a senior banker is arguing, with the latest data dispelling any fears of price-fixing on fees.
Gov’t missed pledge to cut top Water Corp supplier $28m debt
The supplier that provides all the Water & Sewerage Corporation’s Nassau customers with their water has revealed the Government failed to meet pledges to “substantially” cut the $28.4m owed to it by end-2024.
Transmission resumed: 10% payments revival in early ‘25
Money transmission activity has rebounded by an estimated 10 percent for 2025 to-date, it was revealed yesterday, following double-digit percentage declines in both volume and value during 2024.
Bahamas faces 50-60% shipping costs increase from US port fee plans
Bahamian and Caribbean companies that rely on US imports will likely suffer a 50-60 percent increase in shipping costs if proposals to levy an up to $1.5m per port call fee on Chinese-made ships are implemented.
$5m legal battle erupts on grounded tug boat, barge
A furious $5m-plus legal battle has erupted over a tug boat and barge that became stranded in an Abaco national park in late March 2024 - an incident that sparked major environmental concerns.
‘$50m a year savings’ from LNG facility
ANNUAL fuel savings of $50m are forecast from a new liquefied natural gas (LNG) facility during its first phase - and rising up to $180m in its fourth phase.
$200m building cost for LNG terminal
Senator Ryan Pinder said a new liquefied natural gas (LNG) terminal will be a joint venture between FOCOL and Shell, with construction of the first and second phase to amount to just under $200m.
Young athletes break records on day one
Athletes delivered standout performances on day one of the 2025 Bahamas National High School Track and Field Championships at the original Thomas A Robinson Stadium.
