Gov’t pushes MSC purchase of GBPA
Mediterranean Shipping Company (MSC) has made an offer to acquire the Grand Bahama Port Authority (GBPA), Tribune Business was told yesterday, amid concerns over “the brute force” being used to force its existing owners to sell.
Cable rights issue hits 70% of target
Cable Bahamas was yesterday said to have raised “about 70 per cent” of its $30.817 million rights issue target, amid concerns from several large shareholders that they did not receive all offering documents.
Gov’t ‘playing with fire’ over $200m spend rise
The Government was yesterday warned it is “playing with fire” through the $200 million year-over-year increase in recurrent spending, with a businessman suggesting this threatens to squander the ‘benefits’ from Value-Added Tax (VAT).
Project to kickstart decade-long jitney unification efforts
The Government is aiming to kickstart a decade-long effort to unify New Providence’s jitney system with a $530,000 pilot project to demonstrate how the scheme will work, in an effort to boost the island’s “economic efficiency and sustainability”.
Bran: Disclose all investor contracts
The Democratic National Alliance’s (DNA) leader yesterday urged the Government to disclose all its commercial agreements with The Pointe and other major investment projects, defying it to prove him wrong over the absence of transparency.
Breathe easier with the natural solution
The quality of our air is being impacted by odours, bacteria, chemicals and pollutants every day.
Gov’t ‘tax and spend’ fear on $200m increase
The Government yesterday expressed “confidence” it will hit its key fiscal targets despite blowing past its forecast 2015-2016 full-year deficit in just six months, with recurrent spending up $200 million year-over-year.
Chamber chair queries Budget figures accuracy
The Chamber of Commerce’s chairman yesterday said the Government’s failure to-date to adopt international public sector accounting standards meant the accuracy of its Budget figures was questionable.
PM promises $16m CLICO cash payout
The Prime Minister yesterday said a collective $16 million cash payout to victims of the CLICO (Bahamas) debacle would begin before month’s end, amid warnings little has been done to prevent similar financial collapses from occurring in the future.
Bran slams mid-year Budget ‘pie in sky’
The Democratic National Alliance’s (DNA) leader yesterday branded the mid-year Budget as “more pie in the sky” from the Christie administration, questioning where it was getting its $6 billion resort investment ‘pipeline’ from.
Economy ‘muted’, as is PM over Baha Mar
Prime Minister Perry Christie yesterday described the Bahamas’ economic performance as “more muted” than expected, as he delivered a much more downbeat assessment on the $3.5 billion Baha Mar project’s near-term prospects.
Opposition sceptical over Mortgage Relief
The Opposition’s deputy leader yesterday expressed scepticism that the Government would deliver on its latest promise to revive a Mortgage Relief Plan, saying: “We’ve been to this picture show before.”
Gov’t targets growth in livestock farming
The Government wants Bahamian farmers to achieve the highest international standards as part of initiatives to grow the livestock sector, a top Bahamas Agricultural and Industrial Corporation (BAIC) executive said yesterday.
Getting public sector ‘on board’ with its accounting
The Government’s ‘concept paper’ on improving public sector accounting standards is part of international efforts to assist the country, the Bahamas Institute of Chartered Accountants (BICA) president said yesterday.
Judge brands Blackbeard’s Cay developer ‘untruthful’
A Supreme Court judge has branded the businessman behind the controversial Blackbeard’s Cay development as “evasive and untruthful”, dismissing his claim to own the project’s dolphins.
