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Bahamians ‘on notice’ over credit delinquency
A Central Bank official has placed Bahamians "on notice" that they will no longer be able to "conceal" existing loan facilities or debt delinquencies when applying to lenders for new credit.
The Budget Communication – as it happened
Prime Minister Davis says the Budget aims to strengthen national security, economic security and the lives of people of The Bahamas. He says the global economy is showing signs of improvement although there is still much work to be done to recover from recent challenges. He adds that average consumer prices rose in the US by eight percent, while policy rate of interest has been raised ten times, driven primarily by rising inflation. He highlights the effects on The Bahamas in terms of higher borrowing costs.
FTX chief’s fate lies in Bahamas’ hands
THE FATE of embattled FTX chief, Sam Bankman-Fried, rests in The Bahamas’ hands in determining how many criminal charges he will ultimately face over the crypto exchange’s multi-billion dollar implosion, it was revealed yesterday.
FACE TO FACE: Sir Franklyn Wilson & Sean McWeeney discuss The Bahamas’ 50th Independence
IN the very room where young college and university students brought political leaders together to debate prior to Bahamian Independence, two of these former youth leaders sat on a stage more than 50 years later to talk about the ideals that led to the formation of a new Bahamas.
Sir Franklyn's developer in $7.5m battle with MIT chair
Sir Franklyn Wilson's Eleuthera Properties is locked in a legal battle with Massachusetts Institute of Technology's (MIT) chairman emeritus over the latter's bid to exit his $7.5m investment in the Bahamian developer.
Former Cabinet Minister George Smith dies
FORMER Cabinet Minister George Smith, a nation-builder who remained active in politics as a mentor and advisor years after leaving the frontline, died on Friday.
Union challenges and opportunities
There are several umbrella trade union groups operating in The Bahamas today whose individual union members represent workers across a range of industries.
Union officials to work with police on Labour Day parade safety
UNION officials are cooperating with the Royal Bahamas Police Force to ensure road safety for the upcoming Sir Randol Fawkes Labour Day parade.
Bahamas Striping working to improve Eleuthera and Long Island roads
BAHAMAS Striping Group of Companies (BSGC) general manager Melanie Roach said the company is working to improve roads on Eleuthera and Long Island.
Judge: 'Now clear' Baha Mar sabotaged by CCA
Sarkis Izmirlian yesterday secured a major legal victory after a New York judge ruled "it is now clear" that China Construction America (CCA) sabotaged Baha Mar's completion and orchestrated the developer's removal.
Trade Policy aims to break export barriers
A Cabinet minister yesterday asserted that the newly-launched National Trade Policy will play a key role in helping to diversify the Bahamian economy through the creative industries plus sectors such as agriculture and fisheries.
Ex-MP says: 'Gov't supporters trying to get hands on GBPA'
A former MP yesterday doubled down on concerns that "supporters of the governing party have been trying to get their hands on the Grand Bahama Port Authority" amid push back to calls for politics to be kept out of Freeport's future.
Sears says newly launched Traffic Management Centre first phase to cost $1.8m
THE Ministry of Works and Utilities launched the first phase of its Traffic Management Centre yesterday.
MOW says Fishing Hole Road causeway to open in a week
THE Fishing Hole Road bridge causeway is expected to reopen within another week, said Luther Smith, Permanent Secretary in the Ministry of Works.
TUC head says they will fight to make Employment Act more worker-friendly
AS Labour Day nears, some union leaders have pledged to fight for amendments that make the Employment Act more worker-friendly.
Guilty plea for man in $2m hemp possession
A MAN pleaded guilty yesterday to illegally having nearly $2m worth of marijuana in separate incidents.
Chess tournament set to make the history books
THE Orjan Lindroth Memorial Chess Tournament is set to make history as the 1st FIDE Title Norm chess tournament to be held in The Bahamas.
American man bitten by baby shark near Grand Bahama
AN American man was bitten by a baby shark on Sunday while fishing in waters near West End, Grand Bahama.
