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Central Bank ease ‘won’t open mortgage avenue’
The Central Bank’s recently-unveiled regulatory easing is unlikely to “open up a new avenue of mortgages” being issued to Bahamian home buyers, a senior banker said yesterday.
FNM criticise govt over lack of priority on FOIA
FREE National Movement leader Michael Pintard criticized Prime Minister Philip “Brave” Davis’ response to implementing the Freedom of Information Act, noting the administration’s team is large enough to get it done.
Sporting leaders’ sneak preview for year 2024
As the sporting bodies prepare for the 2024 season, leaders of various local associations and federations expressed their views on what they anticipate to do in their respective disciplines.
NACAC Athletics: Sands charts course
HAVING received the confidence of the delegates to serve for another term, Mike Sands said he’s more pleased with the progress his administration made during his first four-year term and he’s eager to proceed with his second term as president of the renamed North American, Central American and Caribbean Athletics (NACAC Athletics).
Bahamas set to focus on cruise tourism conversion
The Bahamas will make “deliberate and intentional” efforts to convert more cruise passengers to higher spending and higher-yielding stopover visitors, the deputy prime minster has pledged.
Gov’t targets first quarter for downtown Nassau Bill
The Government is aiming to have legislation governing how downtown Nassau will be managed “fully completed” within the 2024 first quarter, it was revealed yesterday.
Restaurant pledges to showcase local talent
A western New Providence restaurant is pledging to stage more events for patrons as it gets set to celebrate its first-year anniversary next month.
Central Bank mortgage ease may not have instant impact
A realtor yesterday hailed the Central Bank's bid to help more persons "accomplish the Bahamian dream" although he warned the impact may not be felt instantly.
Bahamas 'fumbling ball' on doing business ease
An Opposition MP yesterday blasted that the Bahamas continues to "fumble the ball" on the ease of doing business after spending a frustrating day unable to access the Department of Inland Revenue's portal.
‘Absolutely horrible’ boat registration hikes kick-in
Fishermen and tour operators yesterday hit out at the “absolutely horrible” ten-fold and greater increase in boat registration and renewal fees that Bahamian businesses must pay with the New Year’s arrival.
Ex-environment chief 'grasping at straws'
The Bahamas' former top environmental regulator was "grasping at straws" with his last-ditch bid to prevent the $4.85m seizure of his Shirley Street gas station by the Bank of The Bahamas' bail-out vehicle.
Police say Jamaican woman’s assault at detention centre claim still under investigation
CHIEF Superintendent Michael Johnson said police are still investigating a Jamaican woman’s claim that she was sexually assaulted and abused at the Carmichael Road Detention Centre in November and may need to speak to people outside the country before completing their probe.
Bahamian music artist Canaan For Yah signs a deal with Epidemic Records
CANAAN Cunningham worked multiple jobs to make ends meet when he moved to Miami, doing sound engineering for artists, songwriting, and part-time work at TJ Maxx.
AG: Sam Bankman-Fried prosecutors ‘rather misleading’ over second trial
The Attorney General yesterday branded the US explanation for not proceeding with Sam Bankman-Fried’s second trial as “rather misleading” since prosecutors knew the FTX chief’s Bahamas action is still live.
Bahamas saw 'in excess' of 9m tourists during 2023
The deputy prime minister says The Bahamas likely received "well in excess" of nine million visitors in 2023 due to a "phenomenal" year for tourism.
Air freight operators fret as new cargo fee yet to arrive
Couriers and air freight providers yesterday warned that the proposed new cargo scanning fee will “definitely hurt business” despite it not being implemented on New Year’s Day as originally planned.
PETER YOUNG: Tumultuous year and passing of a statesman
SINCE this column is mainly about international affairs, it might be appropriate at the beginning of January to attempt a brief broad brush review of the year and offer some thoughts about the coming months in what has become a crisis-ridden world. But I fear that in today’s state of febrile uncertainty it would be hazardous to try to predict even the immediate future.
‘Down-payments cut’ as bank removes indemnity
The Central Bank of the Bahamas (CBB) has released new “relaxed” lending rules for residential mortgages.
Residents prepare to sue two years after BPL leak
Andros Chamber of Commerce president Darrin Bethel says residents of North Andros are preparing to take legal action after becoming “impatient” with clean-up efforts after a Bahamas Power and Light oil spill.
Contractors hopeful of uptick - but cautious on bank rules
BAHAMAS Contractors Association president Leonard Sands does not see construction slowing down for 2024 and could see a 20 percent uptick, but warned restrictive banking policies could put a damper on the growth.
