Failure fear 'cripples' entrepreneurial spirit
A BAHAMIAN entrepreneur yesterday said access to financing and the fear of failure were “killing the entrepreneurial spirit” in the Bahamas, as he recalled being turned down by 17 financiers. Lincoln Deal II, the JetLink Adventures founder and chief
Baha Mar opens SLS hotel to paying guests
BAHA Mar yesterday achieved another milestone when its 299-room SLS property opened to guests for the first time.Reservations have gone live for the $4.2 billion project’s second new hotel property, with the SLS joining Grand Hyatt as the new flag/br
TourismtargetingEuropeanairlift
THE Minister of Tourism yesterday said the Government is targeting increased airlift from Europe, with all indicators suggesting that market is “looking up”’.Speaking outside Cabinet yesterday following a four-day trip to London for the World Travel
New Fundslegislation for release next week
DRAFT legislation to overhaul the Bahamas’ investment funds regime could be made available for industry consultation by next week, the Securities Commission’s top executive said yesterday.Christina Rolle, who was speaking on a panel at the Bahamas In
Gov’t ‘increasing risk’ via $800m borrowing
The Government faces “increased risk” by issuing an $800 million US dollar bond, a former finance minister yesterday suggesting it instead target $1.7 billion in local excess liquidity.
Investors ‘amazed’ over BOB’s first profit in 5 years
BANK of the Bahamas (BOB) “amazed” its shareholders yesterday by declaring its first quarterly profit in almost five years, following its $162 million summer ‘bail-out’.
Bahamas must ‘get across line’ on tax automatic exchange
THE Government has been urged to “get across the line before year-end” on global tax information exchange standards, amid hope the relevant legislation will reach Parliament tomorrow.
PM: 2022 for Gov’t accounting switch
THE Prime Minister yesterday revealed that the Government is targeting end-June 2022 to fully switch to accrual-based accounting, describing the move as “no small feat”.
Businesses hit by Post Office ‘disaster’
BAHAMIAN businessmen yesterday warned that the Post Office “disaster” continues to impact private sector cash flows and the smooth conduct of commerce.
Accountants urged to 'stay on cutting edge'
THE Bahamas Institute of Chartered Accountants (BICA) president yesterday urged the profession to stay on the “cutting edge”, adding: “We have to make sure we are who we champion ourselves to be”.Gowon Bowe, addressing the opening of BICA’s Accountan
Govt seeking new $800m foreign loan
The Government is aiming to raise up to $800 million via a US dollar bond to cover its deficit financing needs for the current and previous fiscal years, Tribune Business can reveal.
Insurance chair fears regulatory 'overshoot'
Bahamian insurers remain concerned that proposed anti-money laundering reforms risk “overshooting and putting us at a competitive disadvantage as a jurisdiction”.Emmanuel Komolafe, the Bahamas Insurance Association’s (BIA) chairman, told Tribune Busi
Fidelity targets 10 per cent profit rise for 2018
FIDELITY Bank (Bahamas) is targeting 10 per cent net income growth for 2018 as consumer loan expansion continues to compensate for mortgage book contraction.Gowon Bowe, the BISX-listed commercial bank’s chief financial officer, told Tribune Business
Don't 'fight tooth and nail' against the WTO
A FORMER Grand Bahama Port Authority (GBPA) attorney says the Bahamas must “embrace” full World Trade Organisation (WTO) membership rather than “fight tooth and nail” against it.Carey Leonard told Tribune Business that Freeport, and the wider Bahamas
QC: Gov’t must hire business ease ‘Czar’
THE Government must appoint a business ease ‘Czar’ as part of “major surgery” to repair the Bahamas’ outdated governance model, a prominent QC has urged.
