The shareholders of Bahamas Petroleum Company (BPC) have cleared the way for the company to move forward with the drilling of its initial exploration well next year.
BPC announced on its website that it received the blessing of its shareholders at its recent annual general meeting
Beginning in October, the Central Bank of The Bahamas (CBOB) will liberalize exchange controls on the purchase and sale of residential property for non-residents, relinquishing its monopoly on exchange control approvals for real estate transactions.
CBOB said in a statement on its website that commercial banks
Coming off of a sluggish second quarter where there was subdued activity in the construction sector, the Central Bank of The Bahamas (CBOB) stated that forward-looking indicators show there could be marked improvement in domestic private sector activity.
The construction sector so far this year has
Swiss America Securities Ltd. (SASL), which is now Mint Broker International Ltd., is under the microscope of the Securities Commission of The Bahamas (SCB), having to close its doors for five days, according to a notice on its suretrader.com website.
According to Swiss America Securities staff
Hotel comparable vacation home rentals are catching up to traditional hotel models, with occupancy during the second quarter of the year averaging 50 percent, compared to the average of 75 percent occupancy at major hotel properties on New Providence and Paradise Island.
Data from the Bahamas
Residents in mandatory evacuation zones would be arrested if they refuse to leave their areas, according to the proposed Disaster Preparedness and Response (Amendment) Bill, 2019.
The proposed legislation, which was obtained by The Nassau Guardian, was drafted in the aftermath of Hurricane Dorian – a catastrophic
Mattresses covered the floor of the old Bahamas Academy gymnasium on Wulff Road yesterday, which is housing nearly 200 Hurricane Dorian evacuees.
Many lie on their beds in the non-air conditioned space. Some still wore bandages, reminders of the dangerous mess they left behind when they fled storm-ravaged Grand
Hurricane survivors evacuated to New Providence are eager to put the pieces of their lives back together, but yesterday some expressed difficulties in trying to do so.
Winson Youth, 37, of Marsh Harbour, Abaco, desires to rebuild his life after a traumatic Hurricane Dorian experience, but is
Alleged child abductor De’Edra Gibson will have one trial on allegations that she snatched four young boys in a month-long period.
But Gibson’s lawyer, Howard Thompson, told Justice Bernard Turner yesterday that he didn’t think joining the four cases was a good idea.
According to Thompson, this
As Hurricane Dorian’s wrath terrorized Abaco, Alfred Russell, 56, a fisherman, was faced with two choices: swim or drown.
So he swam for roughly three hours from Fox Town to Crown Haven – both situated in North Abaco.
Around 1 a.m. on September 1, shortly after he fell asleep on his