June 5, 2023
Bahamian authorities detain foreign nationals in possible human smuggling ring
Bahamian officials said they detained 22 foreigners, including two children on Sunday after intercepting a 32-foot vessel in Bahamian waters carrying a United States flag in a possible human smuggling ring. “We are going to remain firm. We are going…
December 22, 2022
Former FTX boss Sam Bankman-Fried agrees to be extradited to US
Sam Bankman-Fried, the former boss of the bankrupt cryptocurrency exchange FTX, has agreed to be extradited from the Bahamas to the US to face charges. US authorities have accused Mr. Bankman-Fried of committing "one of the biggest financial frauds…
August 23, 2022
Teachers return to classroom, postpone industrial action
Education Minister Glenys Hanna-Martin has welcomed the decision by the Bahamas Union of Teachers (BUT) whose members have decided to forgo threatened industrial action and return to the classrooms. “Well, I don’t want to get into the internal…
June 27, 2022
Bahamas moving to make its mark as a digital assets hub
Bahamas Prime Minister Phillip Davis says as the country continues to set a path toward economic diversity and innovation, more stakeholders take advantage of the opportunities stemming from the new digital age. Speaking at the launch of Agio…
May 9, 2022
Bahamas registered near 14 per cent economic growth in 2021
The Bahamian economy exhibited a measured pace of recovery during 2021, the Central Bank of the Bahamas (CBB) has said. In its just released 2021 Annual Report, the CBB said that the domestic economy registered a growth of 13.7 per cent last year,…
March 21, 2022
Russians have in excess of two billion US dollars in Bahamas financial institutions
The Central Bank of the Bahamas (CBB) says international banks and trust companies operating here have in excess of two billion US dollars “in custody or trust assets” with ultimate beneficial owners from or connected to Russia. In a statement, the…
March 11, 2022
Weekend forecast for the Turks & Caicos
WEATHER: VARIABLY CLOUDY, VERY WARM AND HUMID WITH ISOLATED SHOWERS AND THE CHANCE OF A FEW THUNDERSTORMS CONCENTRATED NEAR THE EXTREME NORTHWEST BAHAMAS THROUGH TONIGHT. WINDS: SOUTHEAST TO SOUTH AT 10 TO 15 KNOTS, INCREASING TO 15 KNOTS BUT GUSTY…
February 26, 2022
Weekend Weather for The Bahamas & TCI
GENERAL SITUATION: PREVAILING HIGH PRESSURE SYSTEM CONTINUES TO SUPPORT PLEASANT WEATHER AND A MODERATE TO FRESH BREEZE ACROSS THE BAHAMAS, WHILE A SURFACE TROUGH SIT ACROSS THE SOUTHEAST ISLANDS INCLUDING THE TCI. WARNINGS: BEACH-GOERS SHOULD…
January 9, 2022
Bahamian Government to announce new real property tax measure
The Bahamas government will announce a new strategy regarding real property tax during the presentation of the mid-year budget next month “The tax system we have now is a very narrow-based system and so the tax reforms that we envision are to…
November 20, 2021
The Bahamas lifts travel ban on Haiti and Cuba
The Government of the Bahamas says it has now resumed flights to Haiti and Cuba, thereby lifting the travel ban imposed on both Caribbean nations. The announcement was made on Friday by the Prime Minister’s Press Secretary, Clint Watson who said the…