Bahamas 'escapes another bullet' on sovereign rating
The Bahamas was last night said to have “escaped another bullet” after Standard & Poor’s (S&P) chose not to further downgrade this nation’s sovereign credit rating, with successful fiscal reform key to any improvement.
Retailer: reforms could boost economy 'ten-fold'
The Bahamas could become “the shopping mecca of the Caribbean” and boost the economy “ten-fold” if it was easier for retailers to do business, with one proprietor yesterday warning that Value-Added Tax (VAT) was likely to cause job losses.
FNM questions Gov't priorities on bank infusion
THE Free National Movement’s (FNM) chairman yesterday called into question the Government’s financial priorities in light of its $31.5 million capital injection into Bank of the Bahamas International (BOB), telling Tribune Business: “There appears to be a bigger story than meets the eye”.
Bahamian outrage on landfill 'deal'
THE head of a Bahamian waste disposal company yesterday said it was “regrettable” that the Government had decided to award a recycling/remediation contract for the New Providence landfill to a foreign company, noting that a local consortium had offered a package involving an initial public offering (IPO) and creation of 60-100 jobs at full roll-out.
Dubai trade mission could spark 1990's style 'resurgence'
A financial services provider yesterday said the Government’s recent trade mission to Dubai could pave the way for “a resurgence along the lines of what the Bahamas experienced in the 1990s”, as it moves to open its own office in that country in time for the New Year.
PM 'encouraged' by Hilton, South Ocean sale talks
PRIME Minister Perry Christie said yesterday he was “encouraged” by ongoing negotiations to sell both the British Colonial Hilton and the South Ocean Resort properties, adding that he expected to meet with “would be purchasers” of the former as early as today.
Consultant to hold seminar for business empowerment
Mark A. Turnquest & Associate Companies will be hosting an Entrepreneur Empowerment Workshop on Saturday, November 16, = at Holy Cross Anglican Church Auditorium in Highbury Park (off Soldier Road).
BFSB teams up for captives seminar
The Bahamas Financial Services Board (BFSB) has teamed with the Insurance Commission of the Bahamas (ICB) and the Insurance Institute of the Bahamas (IIB) to host a half-day seminar on forming and operating a captive insurance company.
Bimini resort expecting 'best Wahoo turnout yet'
The Bimini Big Game Resort is exepcting its “best turnout yet” for its Wahoo Smackdown III, scheduled for November 21-23.
Bank's provisions spike $700k on jobless growth
Bank of the Bahamas yesterday revealed that last month’s 2.2 percentage point increase in the unemployment rate caused a $700,000 one-time spike in its credit loss provisions, as it warned shareholders to brace for more potential losses.
Auto dealer: Gov't VAT take up 21-32% but margins slashed
A leading auto dealer yesterday told Tribune Business that while Value-Added Tax (VAT) would increase the Government’s revenue take on its cheapest vehicle by between 21-32 per cent, price controls would slash its gross profit margins.
Bank wants Gov't to underwrite Out Island expansion
A BISX-listed bank yesterday said it was effectively looking for its majority Government shareholder to underwrite its branch expansion to Bimini and Abaco, and expects to have a presence in the former “within six months”.
North Abaco’s resorts ‘in crisis’ on airlift
North Abaco tourism is “in crisis and danger of collapse” over the lack of affordable airlift, one resort operator yesterday telling Tribune Business: “We’re running at 20 per cent occupancy right now due to the lack of available airlift”.
The virtue of full circle economics
The article today is not sales related as in selling a product or service, but how buying locally vs. foreign affects ALL of us.
Broker readies for boat sale 'upswing'
A BAHAMIAN broker yesterday said he was anticipating a significant “upswing” in boat sales over the next “five to six months”, due to the high level of interest leading up to and during the popular Fort Lauderdale Boat Show this past weekend.
