New agency to crack down on illegal mining of natural resources

NASSAU, BAHAMAS — The government is establishing a new agency that will enforce all of the country’s laws concerning its natural resources, according to National Security Minister Wayne Munroe. While addressing the Abaco Business Outlook conference yesterday, Munroe said that The Bahamas Wildlife Enforcement Network, intended to be an armed law enforcement agency, will be […]

Local business owner takes aircraft ownership dispute with FTX to US bankruptcy court

NASSAU, BAHAMAS — A prominent Bahamian businessman and charter flight operator is seeking a US bankruptcy court ruling that clarifies the ownership status of two aircraft acquired through financing from FTX via a ‘handshake’ agreement with its embattled founder Sam Bankman-Fried. Island Air Capital (IAC), owned by Paul Aranha, has filed for relief from the […]

New Mexican restaurant shines in its opening days

NASSAU, BAHAMAS — A vibrant selection of cocktails, invigorating ceviches, and world-class tacos have made their debut at Salsa Mexican Bar & Grill, a newly launched Mexican restaurant in downtown Nassau. Situated on the waterfront within the Elizabeth on Bay Plaza, the establishment’s proprietors hope to satisfy the demand for an authentic Mexican dining experience […]

Reformer says S&P analysis should be “celebrated with caution”

NASSAU, BAHAMAS — Standard & Poor’s latest analysis of The Bahamas should be considered in a positive light but celebrated with caution, according to a governance reformer.  Hubert Edwards, head of the Organization for Responsible Governance (ORG) economic development committee, speaking on the rating agency’s latest full analysis report on The Bahamas, said: “S&P’s conclusion, […]

Police investigating death of cruise ship passenger, suicide attempt

NASSAU, BAHAMAS — Police on New Providence are investigating the sudden death of a 29-year-old American man who was found unresponsive onboard a cruise ship Wednesday morning.  According to initial reports, shortly after 10:30 am Wednesday, the man, who was a  resident of Carbon Dale, Illinois, was found unresponsive near the ship’s pool deck. He […]

FCIB Bahamas reports $12 million year-over-year increase in Q3 net income

NASSAU, BAHAMAS — FirstCaribbean International Bank (Bahamas) has reported a $12 million year-over-year increase in its third-quarter net income. Jacqui Bend, the Bank’s managing director, noted that the Bank’s third-quarter net income was $30.9 million, up $12 million or 64 percent from the Bank’s third-quarter net income of $18.9 million a year ago.  For the […]

Tourism Development Corp teams up with Royal Caribbean for multi-island pitch competition

NASSAU, BAHAMAS — In celebration of the country’s 50th independence anniversary, the Tourism Development Corporation (TDC) has teamed up with the Royal Caribbean International to launch a multi-island pitch competition and training program. The 50×50 Program and Venture Pitch Competition initiative seeks to give 50 budding entrepreneurs access to training, technical support, and their share […]