AML Foods: No jobs lost from fire-ravaged stores
A BISX-listed food retail and franchise group yesterday confirmed that no jobs will be lost as a result of the huge blaze that devastated its two East-West Highway stores.
PM: ‘Days of Bahamians being development bystanders over’
The Prime Minister yesterday pledged “the days of Bahamians being observers to our own development are over” as ground was broken for a resort project billed as creating 500 total full-time and construction jobs.
Water Corp still grappling with ransomware fall-out
The Water and Sewerage Corporation’s general manager yesterday said it is still “actively addressing” the impact from a ransomware cyber attack that occurred last month.
NIB line staff secure double-digit increase
Unionised National Insurance Board (NIB) line staff yesterday secured double-digit salary and bonus increases via the signing of a five-year industrial agreement.
Mixed-use PI towers eye 104 full-time jobs
A Paradise Island project is planning to facilitate the creation of 104 jobs via a mixed-use development on the presently-vacant site opposite both Comfort Suites and the Atlantis employee parking lot.
Electronics merchants escape 45% hike from tariffs - for now
Bahamian electronics retailers were bracing for 45 percent price increases until Donald Trump - temporarily at least - exempted smart phones and laptops from punishing 145 percent tariffs on Chinese imports.
Bahamasair unveils new baggage fees
Bahamasair will today introduce a new baggage fee structure designed to balance keeping fares competitive with the delivery of high quality services.
Moody’s shrugs off early $400m deficit ‘slippage’
Moody’s shrugged off the Government’s $400m-plus deficit for the first seven months of 2024-2025 by asserting that the past two years’ reductions outweigh any “slippage” from the full 12-month target.
Group’s 400% profits jump proves going ‘lateral’ works
A Bahamian developer is urging tourism to adopt the “small lateral development” model that has enabled his resort group to “grow revenues and profits by 400 percent” over a ten-year period.
IMF: Mortgage payments double as wages stagnate
More Bahamians are struggling to afford their own home because wages have remained relatively stagnant while the average monthly mortgage payment has near-doubled since the 21st century started.
‘More clarity’ urged on US Chinese ship fee pullback
Bahamian businesses were yesterday anxiously awaiting “more clarity” after the top US trade negotiator promised the up to $1m per port call fee on Chinese-made ships will not be implemented as proposed.
DEREK SMITH JR: Strategies to eliminate the cyber risk mismatch
Cyber crime has evolved from just being a mere threat into a daily occurrence that requires immediate action. Despite this, many businesses in The Bahamas continue to rely on legacy governance, risk and compliance (GRC) systems that were not designed to handle today’s dynamic cyber security landscape. In contrast to real time risk intelligence and quick-moving threats, these systems were designed for annual audits, compliance checklists and static reporting.
Sebas’ electric auto dealer unveils latest partnership
A Bahamian electric vehicle dealership headed by Sebas Bastian is expanding its offerings through partnering with a Chinese automobile manufacturer.
Provider’s Bahamas expansion through Amber Trust purchase
A Guernsey-headquartered financial services provider is expanding into The Bahamas with the acquisition of Amber Trust.
From restaurant/bar to Airbnb over Trump’s tariff uncertainty
Family Island businesses are rapidly adjusting their business models and strategies to cope with the ongoing uncertainty surrounding US trade and tariff policies.
