Tough questions needed at Cable Bahamas' AGM
TONIGHT, Cable Bahamas holds its first annual general meeting (AGM) in 16 months. Shareholders should come prepared to ask the tough questions that management is doing its best to avoid.Cable Bahamas’ management says it has a good story to tell. Whil
Nassau’s harbour disrepair ‘threatens economic viability’
“Heavily degraded” infrastructure in Nassau harbour is “threatening the Bahamian economy’s viability” by hurting cruise and commercial vessel access, an IDB report has warned.
Unions: ‘Don’t box ourselves in’ over WTO by year 2019
Trade union leaders have urged the Government not to “box ourselves in” to joining the WTO by 2019, fearing there will be “very, very serious” consequences for Bahamian workers.
Govt’s $750m bond is ‘3x’ oversubscribed
THE Government last night said the outcome of its $750m bond issue was “as favourable as we could have expected”, with the placement more than three times oversubscribed.
Bahamas only per capita GDP faller within the Caribbean
THE Bahamas was yesterday exposed as the only Caribbean nation to suffer a decline in per capita GDP this century, while also being the “notable exception” to major tourist arrivals growth.
‘Now is time to get serious’ over economic reform
A CABINET Minister yesterday warned that “now is the time to get serious” on economic reform, warning that change will be “uncomfortable and contentious” for many.
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.
