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CCA: Sarkis ‘inflaming anti-Chinese sentiment’
Baha Mar’s main contractor has accused Sarkis Izmirlian of “a nakedly xenophobic attempt to inflame anti-Chinese sentiment” while asserting there is “no evidence” it misused $54m to acquire the then-British Colonial Hilton.
IMF's 2.5% Bahamas growth is 'a stretch'
THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it would "really be a stretch" for the Bahamian economy to achieve the newly-released International Monetary Fund's (IMF) projected 2.5 per cent GDP growth rate for 2012, unless it and the Government knew something 'outsiders' did not.
'CATASTROPHE' WARNING OVER INDUSTRIAL UNREST
By NEIL HARTNELL Tribune Business Editor Widespread labour-related disruption "could be catastrophic" for an already-weak Bahamian economy, the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday warning that this was "po
Insurance recovery may wait until 2017
The Bahamian insurance industry may have to wait until mid-2017 to return to strong growth, with one leading underwriter saying its main goal is to “hold the fort”.
QC demands new Port ownership
A well-known QC has called for new ownership and management at the Grand Bahama Port Authority (GBPA), arguing that this is a major reason for Freeport’s “listlessness”.
Shareholder outrage over ‘no change’ BOB
Bank of the Bahamas shareholders yesterday reacted with outrage over the decision to nominate the existing Board of Directors for re-election, one demanding: “Where does the buck stop?”
Price control proposal like ‘Gestapo tactics’
The Bahamas Chamber of Commerce (BCCEC) warned yesterday that any Government move to force businesses to reduce prices in line with import duty cuts would be akin to “economic dictatorship” and “Gestapo tactics”.
‘No doubt over VAT chaos’ on January 1
A well-known businessman yesterday said he had “no doubt” the Government will be unable to seamlessly implement Value-Added Tax (VAT) come January 1, suggesting “chaos” would result from failing to promptly educate the private sector.
FIRST AN ELECTION, THEN REALITY BITES
By Larry Gibson Happy New Year, Bahamas! I wish to open my first column of the year by wishing my readers good health, and a safe and successful 2012. I thought it would be appropriate to commence with a review of 2011 from a global perspective. Througho
Gov't pledges to bridge 30k home digital divide
The Government's long-awaited Electronic Communications Sector policy pledges to bridge the 'Digital Divide' that has left 30,000 Bahamian households without broadband Internet, deeming this essential for "further and faster" economic growth.
Litigation concern on Baha Mar delays
Fears were mounting yesterday that the continued delays to Baha Mar’s opening could spark litigation between the parties involved, a Caribbean tourism expert warning they had “better get their act together” to avoid lasting damage to the project and the Bahamas.
'No doubt over VAT chaos' on January 1
A well-known businessman yesterday said he had “no doubt” the Government will be unable to seamlessly implement Value-Added Tax (VAT) come January 1, suggesting “chaos” would result from failing to promptly educate the private sector.
BTC to 'exceed' $60- $80m earnings goal
BTC to 'exceed' $60- $80m earnings goal By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC) will beat its $60-$80 million operating income projections for 2012 after generating cost savings faster than anticipated, alth
BISX: Majority of stocks don’t move more than 5%
The Bahamas International Securities Exchange (BISX) has “consistently” found evidence to support its method for calculating share prices, with most companies’ stocks never moving more than 5 per cent from the previous day’s close.
