Rolle maintains CBOB focused on improving service “We’re not in the business of trying to provide something that looks and feels like cryptocurrency” NASSAU, BAHAMAS — The Central Bank’s Sand Dollar should not be viewed as something that will function like crypto assets, according to Central Bank Governor John Rolle. Rolle, who appeared as a […]

NASSAU, BAHAMAS — Royal Star Assurance (RSA) Ltd has seen its financial strength rating affirm by global insurance rating agency AM Best. AM Best has affirmed the insurer’s financial strength rating of A (Excellent) and the long-term issuer credit rating (long-term ICR) of “a” (Excellent) with a stable outlook. The ratings agency said: “The ratings […]

“This is something we have been agitating for two decades” Bannister says system will “revolutionize” building permit process and improve ease of doing business NASSAU, BAHAMAS — Institute of Bahamian Architects (IBA) President Gustavus Ferguson said yesterday that the Electronic Permit Review and Inspection System (EPRIS) can be a “game changer” and help boost economic […]

Customs Dept says customers charged $3.35 fee incorrectly will be refunded Ministry of Finance dispels rumors of charge being linked to digital payments company Kanoo NASSAU, BAHAMAS — The government yesterday “temporarily suspended” the introduction of a customs processing fee to allow for additional training and customer education, noting that the $3.35 fee does not […]

Commission cautions public against conducting business with unlicensed/unregistered entities NASSAU, BAHAMAS — The Securities Commission of The Bahamas (SCB) has advised that RAY-E Securities Investment Company is not a registered entity and may be conducting business illegally. The commission, in a notice, said it realized the entity referred to as RAY-E Securities Investment Company may […]

“There is more value to extract from the current tourism than from the mass tourism that we were welcoming before” Property to introduce cultural experiences for tourists and locals alike NASSAU, BAHAMAS — John Watling’s Distillery is seeing a “week-to-week” increase in tourism sales primarily due to increased hotel occupancy and the restart of cruise […]