Fishermen: Gov't late on storm relief
Bahamian fishermen are hoping the Government will give further thought to their cry for fuel concessions, one representative telling this newspaper: “That would go a long way to helping the industry”.
Bahamas financial services set to feel BREXIT's impact
The UK's decision to leave the European Union (EU) could have a significant impact on the Bahamas' financial services industry, the Chamber of Commerce's chairman urging this nation to be an "interested observer" of what unfolds.
China pledged Baha Mar finish for Chapter 11 end
The Chinese “assured” the Government one year ago that they would finance and complete the $3.5 billion Baha Mar project if its Chapter 11 bankruptcy protection was removed.
Bahamas suffers 76% FDI fall-off
The Bahamas suffered a 76 per cent year-over-year decline in foreign direct investment (FDI) in 2015, as it “tumbled” to its lowest levels in 13 years.
Dingman: ‘Rampant theft’ caused restaurant failure
Jamie Dingman has blamed the collapse of his Nassau restaurant empire on “rampant theft and mismanagement”, and plans to call a former FNM Cabinet minister as a defence witness in his battle against a $1.113 million damages claim.
BOB independent director choice an ‘arduous process’
Bank of the Bahamas yesterday gave its 35 per cent minority shareholders just one week to select independent director candidates, who must comply with a strict qualifying criteria.
MP: Client now in 10 week-wait for its Licence
A former Cabinet minister said yesterday that “no government” has done a good job in improving the Bahamas’ ‘ease of doing business’, arguing that the bureaucratic challenges “straight up to the Churchill Building”.
IAN FERGUSON: Methods to defuse workplace conflict
The workplace is often the scene of great conflict and tension. Truth is, conflict in the workplace is inevitable. In most cases, the tension exists between employees, or with employees and customer. In a few isolated cases, though, employees find themselves embroiled in major battles with their superiors.
Miller blames Gov’t for power outages
The Bahamas Electricity Corporation’s (BEC) former executive chairman denied that he and the former Board were responsible for Nassau’s current blackouts, instead blaming the Government for failing to sign-off on a maintenance contract last winter.
Ex-minister eyes Freeport trade finance campus
The Bahamas must find new “value propositions” to help overcome the threats facing its financial services sector, a former Cabinet Minister urged yesterday, suggesting that this nation seek to attract more institutional business.
PM defends $100m GFS deficit estimate
Prime Minister Perry Christie has sought to defend the Government’s $100 million deficit projection for 2016-2017, arguing that it would be “simply ludicrous and irresponsible” to suggest it was trying to fool Bahamians about the country’s fiscal position
‘No chance’ Sarkis could raise $600m
Sarkis Izmirlian “stood no chance” of raising the $600 million-plus financing necessary to complete the Baha Mar project and carry it through to a “break even” position, the Government’s foreign legal advisers have concluded.
BPL ‘hands tied’ for 12-18 months
Bahamas Power & Light’s (BPL) “hands are going to be tied” for a further 12-18 months until its $600 million legacy debts are refinanced, a former BEC executive chairman warned yesterday.
Two bidders reach Baha Mar shortlist
Baha Mar’s receivers have shortlisted two groups, one with a Bahamian investor connection, as potential ‘preferred bidders’ for the $3.5 billion development, the Prime Minister said yesterday.
Financial provider ‘put cart before the horse’
A fund administrator’s bid to overturn a Securities Commission fine has been rejected by the Court of Appeal, which yesterday found the case raised no legal issues that could impact the wider Bahamian financial services industry.
