Insurers blast NHI consulting 'facade'
The Bahamas Insurance Association's (BIA) chairman yesterday said the industry remains "vehemently opposed" to the Government's 'public insurer', and slammed its National Health Insurance (NHI) consultation process as "a facade".
Web shop gains 'stay' on closure
The only web shop operator to be denied a licence has obtained a stay of the Supreme Court decision that effectively paved the way for its closure two weeks ago.
'Little chance' to lower high debt, bad loan levels
The Central Bank of the Bahamas has admitted the current economic climate provides "little opportunity" to reduce high consumer debt and loan delinquency levels, with only 'qualified borrowers' able to access credit.
'Reasonable sum' for new MSC island lease
Ocean Cay's current leaseholder is in line to receive "a reasonable sum" as compensation for its termination, and has pledged to ensure "a smooth transition" to Mediterranean Shipping Company's (MSC) new cruise getaway.
Just 12% of mortgages finance 'new buildings'
New Central Bank of the Bahamas date has provided a further insight into the sluggish home construction market, with just 12 per cent of mortgage applications involving 'new builds'.
Two-destination Cuba travel 'bit of a stretch'
A 'two-destination' travel arrangement that would see visitors to Cuba also travel to the Bahamas could be a “bit of a stretch”, the FNM's deputy leader believes.
Bahamas must get balanced tourism
The Bahamas must ensure it strikes the right balance between its cruise and stop-over business, the FNM's deputy leader reiterating that it provide a competitive and unique product.
Better forms of corporate giving
People often refer to Christmas as the season of giving. It is a time when most corporate donors ‘show their shape’ and give to charitable organisations, churches, the homeless and other non-profit entities.
Florida court blocks $7.59m Bahamas ruling
A contractor’s bid to enforce a $7.59 million Bahamas Supreme Court judgment against a major global hotel chain has been blocked by a Florida appeals court, which ruled the latter was not involved in a $1 billion Bahamian joint venture.
Broker severs ties with ex-investor over $1m ‘misuse’
A Bahamian broker/dealer yesterday said it had severed all ties with a former shareholder after he allegedly misappropriated $1 million that was intended to be an equity investment in the firm.
Baha Mar becoming ‘huge white dinosaur’
A former Baha Mar director yesterday warned that the Government will soon “have a huge white dinosaur on their hands”, despite the project’s secured creditor promising that a solution is being developed.
Bahamasair ‘concern’ on US-Cuba opening
BAHAMASAIR was yesterday monitoring the ‘opening of the skies’ between the US and Cuba, its managing director acknowledging: “We are concerned about it.”
‘Crying shame’ to ignore oil potential
It would be a “crying shame” if the Bahamas simply sat back and allowed potential oil revenues to just “sit out there”, a Cabinet minister said yesterday.
FNM deputy: Oil’s value in refining
The FNM’s deputy leader yesterday argued that the petroleum industry’s true value lay in refining, and said the Government need not determine whether commercial quantities of oil exist in the Bahamas before putting the issue to a referendum.
AML viewing ‘glass half full’ scenario
AML Foods is viewing its to year-to-date sales and profit increases as a “glass half-full” scenario, with its chief executive believing the group is “better prepared” for Christmas than in any previous year under his watch.
