Baha Mar implosion blamed for NIB miss
A Cabinet Minister yesterday blamed the National Insurance Board’s (NIB) failure to meet its $260 million contribution target for 2015 on Baha Mar’s failure to open, with income coming in $2.8 million below forecast.
Govt’s new security near $250m target
The Government’s new Treasury Note security will finish “pretty close” to its $250 million first-year target, with the last 2015-2016 issue oversubscribed by at least 20 per cent.
Hard Rock saga exposes business ease ‘black hole’
The former Hard Rock Cafe (Nassau) franchise’s road to liquidation was marked by high utility costs, poor labour productivity, crime and the ongoing problems affecting downtown Bay Street.
Aviation attorney ‘turned clients away’ over tax uncertainty
A Bahamian aircraft registry must have clarity on its tax and incentive structure to succeed, an aviation law specialist warning that current uncertainties had forced him to “turn away a lot of work”.
Miller attacks BPL’s elementary ‘hot air’
BEC’s former executive chairman has slammed his successor’s meeting with the private sector as “hot air and elementary rhetoric”, telling this newspaper: “I was most unimpressed.”
Gov’t urged: Avoid ‘cookie cutter’ over FI airport upgrades
The Government has been urged by a senior Bahamian airline executive to avoid the “cookie cutter” approach to the planned $160 million overhaul of Family Island airports.
Tourism tackles ‘myth’ impacting yacht market
The Ministry of Tourism is hoping this week’s inaugural Bahamas Yacht and Travel Show will change industry perceptions of this nation, and continue the market’s growth by “leaps and bounds”.
Airport woes threaten 1.7m passenger boost
The Family Islands will be unable to capitalise on a projected 2.4 per cent annual growth rate in air passengers over the next 17 years unless $160 million is invested to bring their airports to “the highest possible” standards.
Cable readies $30m pref share offering
Cable Bahamas is again preparing to tap the Bahamian capital markets for a further $30 million in preference share financing, which will help fund the roll-out of this nation’s second mobile provider.
Businessman supports GBPA ‘strong arming’
A veteran Freeport businessman believes the Government may have to “strong arm” the Grand Bahama Port Authority (GBPA) and its owners to revive the city’s moribund economy.
Activists demand BEC management deal’s disclosure
Environmental activists are seeking a Supreme Court Order that will force the Government to disclose the management agreement signed with PowerSecure International for Bahamas Power & Light (BPL).
Pre-paid meter solution to BPL ‘cut-off trap’
Bahamas Power & Light (BPL) has been urged to accelerate the roll-out of pre-paid electricity meters, an outspoken businessman arguing that it would help low income Bahamians avoid the “cut-off trap”.
IAN FEGUSON: Making education everyone’s business
Today marks the end of another school year.
Road Traffic ‘fraud’ passed to the police
The Auditor General’s findings of multi-million dollar losses at the Road Traffic Department due to “collusion” and “fraud” have been turned over to the Royal Bahamas Police Force for investigation, a Cabinet minister said yesterday.
28-month timetable for aircraft registry
Government consultants have recommended that the Bahamas proceed to estabish an international aircraft registry, and outlined a 28-month implementation timetable.
