BISX-listed fund promises investors ‘far better’ 2015
The BISX-listed Bahamas Property Fund yesterday said 2015 will be “a far better year” for its shareholders, as it aims for a ‘double digit’ increase in occupancy levels at its flagship building in downtown Nassau by mid-year.
RICHARD COULSON: Bahamians entitled to more on BEC deal
Last week’s announcement by Deputy Prime Minister Philip Davis finally ended 20 months of suspense about the Bahamas Electricity Corporation’s (BEC) immediate future.
Rubis discusses health assessments with Gov’t
RUBIS (Bahamas) yesterday said it was in discussions with the Government over that latter’s recommendation that bi-annual health assessments be conducted on all impacted residents living near its Robinson Road gas station.
Rubis ‘going beyond’ leak clean-up duty
RUBIS (Bahamas) yesterday said the company had spent “several million dollars” to-date to remediate the fuel leak at its Robinson Road gas station, pledging it would “spare no cost” to protect public health and safety.
‘Collateral damage’ from Baha Mar saga not widespread yet
The FNM’s deputy leader yesterday said Baha Mar’s ongoing ‘opening saga’ was unlikely to have caused “collateral damage” to the wider Bahamas’ tourism brand yet, although such risks increased the longer the delay.
Moss slams ‘flawed’ Freeport consultation
An outspoken PLP has slammed the “flawed” consultation on Freeport’s future, and warned that his political career would undergo a “pivotal moment” should the Government use it to “rubber stamp” an extension of the city’s expiring tax breaks.
BISX-listed firm guarantees its broker’s solvency
A BISX-listed company has been forced to guarantee its main subsidiary’s financial solvency, after it failed to meet the Securities Commission’s minimum $300,000 capital requirements.
South Andros project to generate 180 jobs
An ‘eco-friendly’ development’s first phase is expected to pump $3.5 million into South Andros’s economy within the next six months, and create around 180 jobs.
National debt breaches 70% ‘danger threshold’
The Bahamas’ debt-to-GDP ratio had breached the so-called 70 per cent ‘danger threshold’ at year-end 2014, the Central Bank has revealed.
Super Value chief: New BEC manager not a ‘magician’
Super Value’s owner fears there will still be “a long, hot summer” unless the Bahamas Electricity Corporation’s (BEC) new management partner can “work magic” on its supply reliability.
Private sector brands VAT compliance ‘very impressive’
Super Value’s owner has described initial Value-Added Tax (VAT) compliance rates as “very impressive”, amid hopes there has been “a paradigm cultural shift” in attitudes towards paying taxes.
FNM deputy queries NAD model for BEC
The Opposition’s deputy leader is questioning whether the Government’s model for the Bahamas Electricity Corporation (BEC) will benefit Bahamian consumers in the long-term, telling Tribune Business: “There is no free lunch.”
Gov’t urged to exit BEC after turnaround
A top private sector executive has urged the Government to relinquish ownership of the Bahamas Electricity Corporation (BEC) once the cash-strapped entity is turned around by its new manager.
Key CLICO asset closed
A key CLICO (Bahamas) asset was forced to close due to pressure from trade creditors and the failure to pay its Grand Bahama Port Authority (GBPA) licence fee.
FNM deputy: Digicel exit needs explaining
The Bahamas needs a second mobile operator that will “raise the bar”, with the Opposition’s deputy leader questioning what caused Digicel’s “surprising” and abrupt exit from the licence bidding process.
