Bran: ‘Crime is killing economy’
The Democratic National Alliance’s (DNA) leader yesterday warned that “crime is killing the economy” in multiple ways, arguing that the annual $434 million cost to the Bahamas was actually an under-estimate.
Aliv works with majority owner so ‘no cannibalising’
Aliv and its majority shareholder were yesterday said to be co-ordinating their respective capital raisings to ensure they will “not cannibalise” each other, with both looking to close in the 2017 first quarter.
RBC economist ‘too superficial’ over VAT squander conclusion
A former finance minister yesterday criticised Royal Bank of Canada’s (RBC) top regional economist for reaching a “too superficial” and “self-serving” conclusion that the Bahamas is squandering its Value-Added Tax (VAT) revenue windfall.
‘No political party is committed’ to cutting Govt size
Shrinking the size of government will be extremely hard to achieve in the Bahamas, a well-known businessman believes, because “no political party is committed to it as a philosophy”.
Chamber chief calls for end to prison ‘blackhole’
The Chamber of Commerce’s chief executive yesterday called for all Fox Hill Prison inmates to be placed in a mandatory work programme that would finance their incarceration, so that the funds to finance their jailing do not fall into a “blackhole”.
Chamber chief urges PPP against crime
The Chamber’s chief executive yesterday called for a concerted public-private partnership (PPP) to tackle crime and mitigate its impact on the economy, with the private sector seriously concerned with both the cost and fear of crime.
Bahamas tops Caribbean on crime’s economic cost
The Bahamas leads the entire Caribbean on economic losses stemming from crime, losing $434 million or almost 5 per cent of its annual gross domestic product (GDP) to the scourge.
Capital-raising comes Aliv for new operator
The Bahamas’ new mobile operator yesterday confirmed to Tribune Business it was taking “market soundings” on a potential $30 million bond issue that could be placed by March.
Sir Franklyn says VAT speech just ‘entertainment’
Sir Franklyn Wilson has urged Bahamians not to take Michael Halkitis’s infamous ‘Where the VAT money gone’ speech too seriously because political conventions are for “entertainment”, rather than a serious discussion of national affairs.
Bank growth focus ‘not the way to go’
The Bahamas must target wealth owners and the entities that directly service them to grow its financial services industry, with a bank-focused strategy “not the way to go”.
Sarkis ally: Govt ‘two-faced’ over Baha Mar role
A key Sarkis Izmirlian ally says The Pointe’s Heads of Agreement shows the Christie administration was “hopelessly conflicted” in how it handled the Baha Mar dispute.
Matthew exposes IT issues for local firms
The importance of risk management practices, business continuity planning (BCP) and regulatory compliance were highlighted at a recent PricewaterhouseCoopers (PwC) seminar.
Harbour Island upgrades national model for BPL
Bahamas Power and Light (BPL) is working to replicate Harbour Island’s newly-improved service reliability nationwide, its chief executive pledging: “We will get there”.
Govt bids to reverse ‘Freeport’s Baha Mar’
The Government was yesterday “right in the middle” of negotiations to reverse the Memories hotel closure, which has been branded as “Freeport’s Baha Mar” moment.
Govt granted CCA’s ‘Baha Mar switch’ 11 days before bankrupt
The Government gave China Construction America (CCA) permission to redeploy equipment and manpower from Baha Mar to The Pointe some 11 days before the former project filed for Chapter 11 bankruptcy protection.
