Central Bank ‘monitoring’ situation with Island Pay
The Central Bank’s governor yesterday confirmed the regulator is “monitoring matters” at a Bahamian digital payments provider subject to client complaints about delays in having their money refunded.
BTC urges URCA: ‘Make it easy’ for new network
The Bahamas Telecommunications Company (BTC) yesterday asserted it will move “as fast as regulators allow” in rolling out the new network technology that its top executive branded as “a huge deal”.
PM denies own Budget speech on surplus miss
The Prime Minister last vehemently denied projecting a $135.4m fiscal surplus for April even though this forecast is detailed in his written 2025-2026 Budget communication.
CFAL eyeing $100m target for new fund
A Bahamian investment house yesterday said it “exceeded” the $20m target for its new private equity fund’s first capital raise as it unveiled ambitions to expand to $100m in assets long-term.
Technology winners will possess strongest values
In an age where a single tweet can reshape public opinion, and data breaches can cripple entire industries, the way businesses behave is under a greater spotlight than ever before.
National laboratory is on schedule for end of year
Work on the new National Reference Laboratory is ahead of schedule at 55 percent, and has an expected completion timeline of the end of the year, say government officials.
Bimini casino back to pre-COVID volumes
Resorts World Bimini’s compliance officer yesterday said the hotel’s casino has seen a “significant increase” in activity since the COVID-19 pandemic to now start rivalling 2019 numbers.
Eleuthera’s Emancipation marred by power outages
Bahamas Power & Light (BPL) says it is “laser-focused” on improving reliability on Harbour Island and mainland Eleuthera after the Emancipation Day holiday was marred by multiple long outages.
Ministry partners with ADO to launch Agrarian Awards
The Ministry of Agriculture and Marine Resources has teamed with the Agricultural Development Organisation (ADO) to launch the 2025 Agrarian Awards.
Bahamas launches its sustainable island bid
The Bahamas has launched its participation in the Sustainable Island Challenge to underscore its desire to build a tourism industry that is globally competitive, inclusive and climate smart.
FIU receives over 600 reports for year-to-date
The Financial Intelligence Unit (FIU) yesterday revealed more than 600 suspicious transaction reports (STRs) have been submitted to the agency for 2025 to-date.
Maternity leave: ‘Who pays for it?’
Talks on extending maternity leave are not targeting 18 weeks, the Bahamas Chamber of Commerce’s labour division chief disclosed yesterday, adding that a final decision is some way off.
Super Value: ‘No regrets’ over store closures with sales increasing by 12%
Super Value’s president said company-wide Emancipation Day sales increased by 12 percent despite the closure of four stores, adding: “We cannot say we have any regrets.”
Island Pay in ‘bad time’ as clients allege refund delays
Customers yesterday complained they have suffered delays and challenges in recovering their funds from a Bahamian digital payments provider which admitted it is currently enduring “a bad time”.
PM pledge to ‘break open’ $2bn construction impact
The Prime Minister’s pledge to implement construction sector regulation by early September will “break open” the industry’s path to a $2bn annual economic impact, it was argued yesterday.
