AML: ‘No concerns’ on new debt burden
AML Foods “has no concerns” about its ability to service an increased $25 million debt load resulting from the acquisition of its western New Providence Fresh Market store, and believes the deal will boost shareholder value.
Shipping company signs deal for $100m port
THE Mediterranean Shipping Company yesterday committed to the construction of a $100m private island cruise port, set to get underway at Sandy Cay in early 2016.
Private sector targets NHI concerns Christmas present
The Bahamian private sector is hoping to present the Government with a consolidated list of its National Health Insurance (NHI) concerns before Christmas, amid fears that the scheme’s cost estimates “might not be the most ideal”.
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Pinder moves one year after ‘amazing’ deal
One year after receiving a “mind blowing” offer he was unable to turn down, former financial services minister Ryan Pinder yesterday confirmed his career is on the move again - this time to the Graham, Thompson & Co law firm as partner.
Physician fears NHI care ‘dumbing down’
A well-known physician yesterday expressed concern that National Health Insurance (NHI) could create “a dumbing down” in healthcare quality in the Bahamas, and likened the gap between the Government and private sector to “a chasm”.
MSC deal to give Bahamian company ‘widest ever smile’
The Bahamian leaseholder of Ocean Cay will have “the biggest smiles ever” as a result of the deal that will see Mediterranean Shipping Company (MSC) take over the island for its $100 million cruise port.
Bahamian insurers eye TCI CLICO deal
Two Bahamian insurance companies are in negotiations to acquire CLICO’s Turks & Caicos business, Tribune Business can reveal, with the deadline for the cancellation of the insolvent insurer’s local medical policies just two weeks away.
Bahamas ‘open for business’ on oil exploration
The Government was yesterday praised for sending “a signal that the Bahamas is open for business” by moving to bring the oil exploration regulatory regime into law, a move that will facilitate well drilling in 2017.
Natural resources: New fiscal regime under development
The Government is working with the Commonwealth Secretariat to finalise a new fiscal regime for the mining of sand, aragonite and other Bahamian natural resources, the Minister of the Environment and Housing said yesterday.
IDB: Baha Mar to up jobless rate 2%
The Bahamas’ unemployment rate will jump by as much as two percentage points due to the 2,000 Baha Mar lay-offs, the Inter-American Development Bank (IDB) is predicting, virtually eliminating the May 2015 decrease.
Bahamas lacking 5% growth ‘game changers’
The Bahamas desperately lacks the “game changers” needed for the 5 per cent GDP growth rate needed to “break the back” of double-digit unemployment, the Chamber of Commerce’s chairman said yesterday.
Bahamas ‘must get it right first time’ on tourism value
The Bahamas Hotel and Tourism Association’s (BHTA) president has warned that this nation will suffer reduced stopover arrivals unless its product value improves, adding: “We need to get it right first time.”
‘Bleak’ Xmas start for many retailers
Bahamian retailers yesterday described early Christmas season sales as “slow” and “bleak”, but expressed optimism they will see a major pick-up over the next week.
Chamber chief ‘tired’ of sour economic reports
The Bahamas Chamber of Commerce’s (BCCEC) chief executive is “tired” of receiving repeated negative economic reports on this nation, which needs to become “more agile” to reverse course.
