PM: Medical marijuana is ‘new economic reality’
The Prime Minister yesterday said legislation to legalise medical cannabis will create a “new economic reality” for The Bahamas with thousands of new jobs in agriculture, manufacturing, retail and healthcare.
BPL grid’s value doubles in $100m bond document
The company taking over New Providence’s electricity grid appears to be valuing it at more than double the Government’s price in an offering document promoting its new $100m bond issue.
‘Brazen attempt’ to avoid Bahamas court on $370m FTX claim
FTX’s Bahamas liquidators are slamming “a brazen attempt” by a failed crypto lender “to circumvent” this nation’s Supreme Court in pursuing $370m worth of claims.
Ex-BEST chief loses appeal on $1.75m missed payment
THE Bahamas' former top environmental regulator can no longer prevent his Shirley Street gas station's seizure by the Bank of The Bahamas' bail-out vehicle because he failed to pay a $1.75m security.
ACTIVTRADES: Busy election year
Investors worldwide are nervously looking forward to the numerous trend-setting elections this year. This year is set to be a record-breaking one for elections, with more than two billion voters going to the polls in 50 countries. We have entered a new age of political extremes, culture and trade wars, cold and actually shooting wars.
Straw vendors disappointed on cruise port marketing deal
Straw Market vendors are voicing “disappointment” that the Nassau Cruise Port has not made more of an effort to restart stalled talks on marketing their products to its thousands of visitors.
60,000 water meter switch boost to Water Corp clients
The Water & Sewerage Corporation will today launch a $15m-plus initiative to replace more than 60,000 residential water meters as part of an $87.5m capital improvement drive.
Bahamas broker guilty of US legal violations
A BAHAMIAN broker/ dealer’s principal yesterday vowed “this is far from over” after a jury found himself and his former company guilty of violating US securities laws when operating from Nassau.
Power woes drive Eleuthera citizen’s independence flight
AN Eleuthera resident yesterday said she was forced to flee her home and island, and travel to Nassau to celebrate Independence, because she “can’t take any more” of the island’s electricity woes.
Governor: No plans for depository privatisation
THE Central Bank’s governor yesterday said there are currently no plans to privatise the newly-created government securities depository (BGSD) as called for by the IMF.
‘Top MP’s relative’ in Athol Island project controversy
A“relative of a high-ranking MP” is among the groups engaged in unregulated development on Athol Island for which no environmental permits or approvals have been issued, it has been alleged.
Independence Day sales don’t compare to the 50th
RETAILERS say sales of Independence Day merchandise remained strong but were not comparable to last year’s 50th anniversary.
GB’s economic output below COVID in 2023
GRAND Bahama’s contribution to the country’s total economic output fell by $452m, or 22.6 percent, over the nine years to end-2023 to leave it as the sole island with a lower GDP than at COVID’s peak.
PM urges ‘robust’ regulation for AI
THE Prime Minister says the inability to “fully leverage” technology is “the biggest missed opportunity” that The Bahamas and wider region face as he called for “robust” artificial intelligence (AI) regulation.
Be proactive on the cyber security threat
AS BUSINESSES continue to deepen their digital footprints, cyber security remains a critical concern.
