Against a background of calls for shifting investment focus to waning traditional sectors such as agriculture and manufacturing, the travel and tourism industry is now firmly established as the largest export sector of Caribbean countries.

Resort property developments throughout the Bahamas have reported a huge boost in sales in the first quarter of the year as investor confidence returns, with some developments expected to sell out by the summer.

Pegasus Solutions has sold its financial services division, Pegasus Financial Services, to H.I.G. Capital, LLC. Confirming the sale, chief executive officer David Millili reported the company is now in growth mode with renewed focus on its core business.