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Michael Maura

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'Expensive money': $150m port bond set for refinance

Nassau Cruise Port will move to refinance its recent $150m bond issue at the earliest possible opportunity, it was revealed yesterday, having elected to keep the offering’s $20m over-subscription. Michael Maura, the cruise terminal operator’s chief

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No cruise tourists for five months (at least)

Nassau Cruise Port is projecting passenger numbers will plummet by 61.4 percent in 2020, with no new arrivals for at least five months, as it today launches its $130m bond financing. Michael Maura, Nassau Cruise Port’s chief executive, said the oper

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Cruise port: We will fight crime 'head on'

Nassau cruise port’s new operator last night pledged to lead a crack down on illegal activities at Woodes Rogers Wharf after a video showing a cruise ship tourist seemingly inhaling drugs went viral. Michael Maura, pictured , Nassau Cruise Port Ltd’

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'Taking Nassau from 1.0 to 10.0'

Bahamian institutional investors will be invited to raise 40-50 percent of the cruise port’s $100m bridge financing facility, with its developer pledging yesterday: “We’re taking Nassau from 1.0 to 10.0.” Michael Maura, Nassau Cruise Port’s chief ex

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$250m cruise port overhaul targets Q1 2022 completion

Nassau cruise port’s operator is aiming to “double the yield” from passenger spending once the facility’s transformation into a destination product is completed by the 2022 first quarter.Michael Maura, Nassau Cruise Port Ltd’s chief executive, told T

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Business ‘uneasy’ over tax strategy’s absence

Bahamian businesses are “anxious and uneasy” over the lack of a “clearly defined tax strategy” from the government, the Chamber of Commerce’s chairman warned last night.

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Arawak port’s profits beat forecast by $120k

The Nassau Container Port’s operator has beaten 2019 first-half profit expectations by $120,000 as it delivered on forecasts of a financial performance that will match 2018.

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‘Big bang’ for health tax July next year

Bahamian workers earning more than $35,000 per year will have to pay the majority of their National Health Insurance (NHI) premiums from their own salary, it was revealed yesterday.

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Private sector fears ‘filling gap’ on NHI

The Chamber of Commerce’s chairman yesterday voiced fears that the already-strained private sector will have to “fill the gap” if National Health Insurance (NHI) gets its sums wrong.

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Govt urged: ‘Hear cry of domestic economy’

The Government has been urged to “swiftly address the cries of our domestic economy” and its inefficient processes otherwise the financial services industry’s adjustment will be undermined.

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Chamber confident ‘reason will prevail’ in labour disputes

The Chamber of Commerce’s chairman yesterday expressed optimism that “reason will prevail”, giving the Government a vote of confidence in its ability to prevent further industrial unrest.

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Arawak port bulks up as autos fall off

A 59,000 ton increase in bulk aggregate imports, combined with a $109,000 year-over-year expenses decline, enabled the Arawak Cay port’s operator to beat profit targets by nine percent.

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$100,000 ‘buy NHI’ mark ‘way too low’

The $100,000 National Health Insurance (NHI) exemption threshold for businesses is “way too low” and should be raised to $500,000, the Chamber of Commerce’s chairman said yesterday.

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'Overkill': Govt hit overbank account demands

The Bahamian private sector yesterday slammed business licence-related demands for their bank account details as “overkill”, and asked: “When’s it going to be easier to do business?”Michael Maura, the Bahamas Chamber of Commerce and Employers Confede

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Arawak Port beats profit target by 9%

The Nassau Container Port’s 2019 first quarter profits beat target by nine percent despite projections that full-year net income will be down by more than $1m compared to the prior year.Arawak Port Development Company (APD), the port’s BISX-listed op

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Chamber chief: World Bank ignored 'ease of business' upgrades

The Chamber of Commerce’s chairman yesterday said he was “personally frustrated” that the World Bank had ignored evidence of improvements in The Bahamas’ cross-border trade regime.Michael Maura, pictured, saying he was “disappointed” that much “real

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Chamber chair queries NHI $42 premium 'cap'

The Chamber of Commerce’s chairman yesterday queried if Bahamian workers will suffer reduced healthcare quality given the revised NHI scheme’s “maximum” premium contribution.Michael Maura, pictured, in an emailed reply to Tribune Business from New Yo

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GDP growth slash's 'pleasant surprise'

Businessmen were yesterday “pleasantly surprised” that the IMF did not cut The Bahamas’ GDP growth forecast more deeply, some having feared a full percentage point slash in VAT’s wake.Michael Maura, the Bahamas Chamber of Commerce’s chairman, told Tr


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