Bank creditors receive $15.64m
A former Bahamian bank’s creditors have been approved to receive a collective $15.635 million first dividend - a sum that pales in comparison to their collective $335.367 million loss.
Wilson objects to Cable's late fees
Prominent businessman Franklyn Wilson has objected to Cable Bahamas’ charging him ‘late payment’ fees, with the industry regulator agreeing to his demand that such charges be proportionate.
Bimini developer: No twice-daily trips till April
Resorts World has alleged it cannot return to its “original business model” of twice daily cruises to Bimini until April 2014, due to high winter seas and the absence of its controversial terminal/jetty.
Crime endangering tourism reputation
TOURISM Minister Obie Wilchcombe yesterday expressed serious concern over the impact increasing crime levels could have on the Bahamas’ reputation as a global tourist destination
'We have to get Gaming Bill done'
TOURISM Minister Obie Wilchcombe said yesterday he was hopeful that the Government would get the Gaming Bill on its legislative calendar for January, telling Tribune Business: “We have to get it done.”
Stock market still reviving
THE BISX-All Share Index increased by 4.47 per cent for the nine-month period ending September 30, 2013, indicating that a modest stock market recovery continued. In its statistical report for the January to September period, the Bahamas International Securities Exchange (BISX) said the All-Share Index’s closing at 1,406.38 represented a year-to-date increase of 60.12 or 4.47 per cent.
BORCO stages oil response training
The Bahamas Oil Refining Company (BORCO) has held its second annual Oil Spill Response training seminar in Grand Bahama.
Oil regulations a 'priority' in 2014
THE regulatory framework to govern The Bahamas’ petroleum sector will be a “priority” in 2014 according to a key Cabinet minister, who told this newspaper, “We’re just fine tuning what we have”.
Bahamas poised for 'much better year' on FDI front.
THE Bahamas appears poised for a “much better year” on the foreign direct investment (FDI) according to State Minister for Investments Khaalis Rolle, who noted that several hotel/resort developments in particular were expected to materialise in the new year.
Sky Bahamas bounces back with 'exceptionally good Christmas'
A LEADING domestic airline said that it is coming off an “exceptionally good Christmas” with load factors averaging as high as 85 per cent for the period, and its CEO reiterating calls for the government to rethink its decision to levy 15 per cent Value-Added Tax (VAT) on domestic air transportation.
Contractor: Construction sector in a 'dismal situation'
THE Bahamas’ construction sector appears to be in a “dismal situation” according to one local contractor, charging that “prohibitively expensive” closing costs have caused the demand for new home construction to dwindle significantly.
Paul D. Antonas sweeps Top Bahamas Realty Awards
AN award winner is celebrating after collecting a clutch of trophies.
Fears auto sales to slump 35% post-VAT
The Bahamas Motor Dealers Association’s (BMDA) president believes new vehicle sales could follow St Lucia’s lead and slump 30-35 per cent post-VAT, warning: “Some of us will not survive.”
Marathon to generate 2,000 room night boost
Marathon Bahamas organisers are projecting the 2014 event will again generate close to 2,000 hotel room nights, providing a much needed boost for the resort industry.
Orchid Bay's manager feared losing everything
Orchid Bay’s manager feared he would lose everything he had worked for if Royal Bank of Canada (RBC) called in its $1 million debenture, having kept the 203-acre Abaco property “open and operating by whatever means” available.
