Bank of Bahamas still violating key capital indicators
Long-suffering Bank of the Bahamas shareholders incurred a further $3.392 million loss during the final three months of 2015, with the institution still non-compliant with key capital ratios.
Liquidation regime bar to $17m asset recovery
A Cayman bank’s liquidators cannot collect on almost $17 million in Bahamas-based assets because this nation’s regime for assisting international cross-border insolvencies is incomplete.
BISX: We can help repatriate millions stashed overseas
BISX can be the vehicle for Bahamians to repatriate”the millions and billions” they have stashed abroad, with its chief executive urging “a change in dialogue” over exchange controls.
US: Bahamas goes further than WTO on copyright protection
The US government says the Bahamas has gone further than what is required for full World Trade Organisation (WTO) membership in its efforts to protect intellectual properties.
Mitchell dismisses foreign homeowner ‘exodus’ fear
The Minister of Foreign Affairs has dismissed Fred Smith’s fears that the Immigration Department’s actions will spark a second homeowner “exodus” in Freeport.
BTC’s 9% mobile fall undermines its owner
The 9 per cent contraction in the Bahamas Telecommunications Company’s (BTC) mobile revenues for the three months to end-December 2015 helped undermine its owner’s top-line growth, it was revealed yesterday.
QC fears Freeport 2nd home ‘exodus’
Freeport will “suffer tremendously” if the Immigration Department’s actions over Bruno Rufa and the Coral Beach condominium complex spark a second homeowner “exodus”, a QC warned yesterday.
BTC plan to ‘attack’ Cable’s home ground
The Bahamas Telecommunications Company (BTC) plans to “attack” Cable Bahamas on its home turf in response to losing its mobile monopoly, with its ‘fibre-to-the-home’ infrastructure set to pass 20,000 New Providence homes by end-March.
Cruise ‘home port’ only MSC driver for Grand Lucayan
Any Mediterranean Shipping Company (MSC) interest in purchasing the Grand Lucayan resort would likely relate to plans to make Freeport a ‘home port’ for its cruise ships, Tribune Business was told yesterday.
Global stock volatility ‘rather disconcerting’
A former finance minister yesterday described the latest bout of global stock market volatility as “rather disconcerting” for the Bahamas, adding it was occurring when this nation “can least afford it.”
IAN FERGUSON: The tolerant approach to ‘honey and money’
February is traditionally known as the month of love. In keeping with the season of Valentine, we briefly take a look at the issue of office romance. The natural question, as we introduce this topic, is: ‘Do we or don’t we?’ For many of us the workplace is where we spend a large percentage of our waking hours. It is not just where we go to do our jobs; it is also the place where we eat many meals, and develop and maintain friendships that last beyond office hours.
Bahamian renewable participation queried
A local provider yesterday queried whether Bahamian firms would be part of PowerSecure’s vision to integrate solar energy into its Family Islands generation solutions, while calling for clarity on the Government’s residential energy self-generation (RESG) initiative.
NIB suffers 30-40% ‘repeat default’ rate
The National Insurance Board (NIB) yesterday pledged to this year launch an aggressive “zero tolerance” campaign against non-compliance, starting with the 30-40 per cent of businesses who default on agreed plans to pay-off existing arrears.
‘Get Freeport back to work’
A former Grand Bahama Port Authority (GBPA) in-house attorney yesterday urged the Government to renew Freeport’s expiring tax incentives immediately, arguing: “Let’s get the island back to work.”
PM urged: Stop the ‘false hope’ over Baha Mar
The Prime Minister has been urged to stop giving Bahamians “false hope” that a Baha Mar resolution is imminent, with the $3.5 billion development unlikely to be fully open before the next general election.
