January 4, 2012
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Bahamians face paying “another tax on society” to support the near-75 percent of workers not covered by an employer-sponsored pension plan, a leading investment banker has warned.
A BISX-listed fund’s administrator yesterday said “the picture will be much changed” by year-end 2019 if it succeeds in slashing vacant space at its flagship property by 50 percent.
The Government needs to go further than its Companies Act reforms to truly protect Bahamian minority investors, an investment bank chief urged yesterday.
The BISX-listed Bahamas Property Fund is “looking to grow again” in 2019 through potential acquisitions and rental prospects following a $1.232m “bottom line” turnaround.
RoyalFidelity’s president yesterday said he hopes its management-led buyout will provide a springboard for immediate Caribbean expansion and ten percent assets under management growth.
The Nassau airport operator’s advisers last night said they had “high expectations” its refinancing will be fully or oversubscribed after raising 90 percent of their target within the first two days.
The BISX-listed Bahamas Property Fund is predicting a 40 percent net profit boost from the $455,000 annual lease of office space that will have been empty for more than one year.Michael Anderson, the Property Fund’s administrator, told Tribune Busine
The Bahamian stock market will generate a minimum 10 per cent return for investors in 2013, a leading investment banker said yesterday, adding that some listed equities had seen “significant price increases” of up to 69.5 per cent year-over-year.
The BISX-listed Bahamas Property Fund is aiming to slash vacancy rates by around 50 per cent at both its flagship properties over the next two years, after seeing its net income for the first nine months last year fall 28 per cent.
With more than $150 million worth of finance raisings set to come to market next year, a leading investment banker yesterday said 2013 could be “the best year ever” for the Bahamian capital markets.
The BISX-listed Bahamas Property Fund is losing "in excess of $1 million net " in annual profits due to a 22 per cent vacancy rate at its flagship Bahama
By NEIL HARTNELL Tribune Business Editor The Bahamas Property Fund's failure to cut the 20 per cent vacancy rate at its flagship Bahamas Financial Centre by half meant its 2011 performance fell "slightly below expectations", although last May's Bahamian