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Insurer 'pauses' expansion on EU blacklisting fall-out

A Bahamian insurer yesterday said it has been forced to "pause'" further Caribbean expansion ambitions, adding: "We cannot stress enough the importance of getting off these blacklists."

BISX fund 'back expanding' with $9m warehouse move

A BISX-listed real estate fund yesterday revealed it plans to invest up to $9m in developing its first New Providence warehouse and storage facility as it "gets back into expansion" again.

AML loses receiver bid over attorney's assets

An attorney and grandson of Sir Milo Butler has successfully fought-off a BISX-listed retail group's bid to appoint a receiver over his 25 percent interest in the family's trust.

Gaming regulator 'not here to police morality'

The Gaming Board's executive chairman yesterday hit out at discriminatory rules that bar Bahamians from gambling in hotel casinos, and said: "We're not here to police morality in The Bahamas."

Grand Bahama water regime enacted before rate rise disclosure

Grand Bahama businesses and residents yesterday said it was "amazing" that the island's new water regulatory regime appeared to have been implemented almost two weeks before they were warned of imminent rate hikes.

Glory Basketball Jam prize money doubles for year 2

THE Glory Basketball Jamboree will make its return to the Kendal GL Isaacs Gymnasium for year two in less than two weeks. The highly-anticipated basketball tournament will be a three-day event set for May 11-13 starting at 4pm.

Web shops ‘carried’ gaming in COVID

A senior Gaming Board official yesterday hailed web shops for "carrying the industry" during the COVID-19 pandemic as no jobs were lost from the domestic sector.

Minister: BAMSI no longer 'wasteland'

BAMSI is now thriving and fruitful again, according to Agriculture and Marine Resources Minister Clay Sweeting, who reported that it has almost made a complete turnaround.

Caribbean states moving on gaming regulatory overhaul

The gaming sector throughout the Caribbean is rapidly evolving as multiple countries seek to overhaul their regulatory regimes in a bid to gain a competitive advantage, an international testing executive said yesterday.

THE BTVI STORY: It’s a double triumph for Shernique Stuart

Shernique Stuart is about to be a two-time graduate of the Bahamas Technical and Vocational Institute (BTVI).

‘Sky’s the limit’: New auto sales soar 40%

The Bahamas Motor Dealers Association’s (BMDA) president yesterday voiced optimism that “the sky’s the limit” for the sector in 2023 after new car sales increased by “almost 40 percent” year-over-year for the first quarter.

Tackle ‘structural inefficiency’ before capping banking fees

The Bahamas will cause more problems than it solves if it seeks to “cap” bank fees without first tackling “structural inefficiencies” in the industry, the Central Bank’s governor warned yesterday.

Governor trims growth forecast ‘closer to 4%’

The Bahamas’ stopover visitor numbers rebounded to 97 percent of pre-COVID levels in the 2023 first quarter, the Central Bank’s governor said yesterday, while slightly trimming his full-year economic growth forecast.

NIB ordered: Pay ex-chief seven years of pensions

The National Insurance Board (NIB) has been ordered to pay a former director almost seven years’ worth of pension benefts after losing a legal battle over her due retirement entitlement.

Lawyers for Nygard seek to avoid US extradition

PETER Nygard’s lawyers expressed concerns for his health and safety while urging appellate judges in Canada to quash an order to extradite the former fashion mogul to the United States to face sex trafficking and racketeering charges.

NEW PRISON COST RISES BY $50M: Changed proposal sees price more than double for correctional facility

THE Davis administration has expanded its construction plans for the Bahamas Department of Corrections, moving from just a $40m high-medium security facility to what National Security Minister Wayne Munroe said would be a $90m “correctional institution, administrative, housing and medical facility”.

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