Gov't 'still assessing' Baha Mar obligation
The Minnis administration was yesterday said to still be “assessing” the Government’s commitments to Baha Mar and other resorts, a Cabinet Minister saying he was “amazed” at the multi-million dollar investment incentives granted to foreign developers
Insurance a complement, but no cure, for cyber security risk
Cyber insurance can complement a company’s active security measures by providing coverage in three broad areas: * Liability for loss or breach of data * Remediation costs to respond to a breach, such as a forensic investigation, notification to aff
Baha Mar targets just 25% occupancy rate
Baha Mar is targeting just a 25 per cent average occupancy rate for 2017, the Minister of Tourism revealed yesterday, amid questions about the Government’s $9 million “equity contribution” to the project.
Bahamas tops Caribbean on data centre expansion
The Bahamas has been ranked among the top six nations in the Latin American and Caribbean region for the development of data centres, although high electricity costs remain a major obstacle to further growth.
Cable ‘creates path’ for Caribbean cross-listing
Cable Bahamas yesterday expressed optimism that it had “created a path” for other Bahamian firms to follow by becoming the first local company to cross-list on another Caribbean stock exchange.
Bahamas ‘Jamaica bound’ on present fiscal course
The Bahamas will be “Jamaica bound” unless it immediately implements measures to tackle its growing debt and deficits, a well-known fiscal hawk warned yesterday.
Tourism minister to avoid ‘devastating cannibalisation’
The Minister of Tourism yesterday said his priority is to avoid any “devastating cannibalisation” impact from Baha Mar’s full opening on other New Providence resorts.
Opposition: Bahamian groupwas 'preferred' landfill bidder
The Opposition yesterday urged the Minnis administration to enter into negotiations with the Bahamian consortium it had selected as the “preferred bidder” on the New Providence landfill management tender.A statement from North Andros MP, Picewell For
CIBC completes pull out from north Abaco
Businesses and residents in northern Abaco were yesterday "extremely disappointed" over CIBC FirstCaribbean’s decision to close three branches, with community leaders warning the move will have a "devastating effect on commerce”.
Moody's shows Bahamas has 'no room for mistakes'
A prominent governance reform campaigner warned yesterday that the Bahamas has “no time for mistakes” on fiscal reform, with Moody’s having expressed alarm at the deterioration unveiled in the 2017-2018 Budget.Robert Myers, a principal with the Organ
Moody’s gives alarm on ‘much weaker’ Bahamas
Moody’s yesterday expressed alarm at the “significantly worse” fiscal deterioration unveiled by the Government’s 2017-2018 Budget, although its lead analyst indicated no ‘junk’ downgrade for the Bahamas is imminent.
Bahamas facing multi-billion debt rise every five years
SUCCESSIVE governments will continue adding $1 billion-plus to the national debt every five years without structural reforms and greater GDP growth, an ex-finance minister saying: “I saw this coming 13 years ago.”
Landfill bidder: Assess offer before new RFP
THE Bahamian consortium that bid on the New Providence landfill management contract yesterday urged the new Government to assess its proposal before launching a new tender process.
Doctors targets stem cell therapy launch
DOCTORS Hospital plans to launch stem cell therapy and enter the primary healthcare market during its current financial year, after profits for the year to end-January 2017 increased five-fold.
Debt gobbles up 27% of Budget
MORE than 27 per cent of the Government’s total recurrent spending in the 2017-2018 Budget is going towards repaying principal or interest on the Bahamas’ $7 billion-plus debt mountain.
