Contractors: We need work before trucks
THE Bahamian Contractors Association’s (BCA) president, Godfrey Forbes, yesterday said “relatively small” progress had been seen in engineering a construction sector rebound, adding that the industry still anticipated a marginal increase in business this year.
Grand Lucaya deal to end 'same piece of cake' battle
A GRAND Bahama hotelier yesterday said the lease agreement between Hutchison Whampoa and the Sunwing Travel Group meant that the island’s properties would no longer be fighting “over the same piece of cake”.
Gov't targeting $660m revenue rise in 4 years
The Government is targeting improved revenue yields equivalent to 4 per cent of Gross Domestic Product (GDP) as the centrepiece of its plan to generate a recurrent Budget surplus within three years, it was disclosed yesterday.
Gov't still on deficit target despite $100m in new borrowings
The Government yesterday said it would still hit its ‘6.5 per cent of GDP’ fiscal deficit target for the current Budget year, despite having to borrow a further $100 million to meet “carry over expenditures” it inherited from the former Ingraham administration.
Retailers reiterate concern over Baha Mar's John Bull deal
SEVERAL Bay Street retailers yesterday reiterated concerns that they would effectively be squeezed out of the Baha Mar project due to rival John Bull’s ‘master leasor’ for retail agreement at the $2.6 billion project.
Butterfield executive relocates to Bahamas
The Bank of N.T. Butterfield & Son yesterday announced that a senior trust executive will relocate to its Bahamas offices and take on a senior role in promoting this product.
City Markets: Ready to 'let courts decide' on investor meeting
City Markets’ principal yesterday threatened to ‘let the courts decide’ if the company was unable to resolve its differences with the Securities Commission over its recently-postponed shareholder meeting, arguing it was impossible to meet the regulator’s requirements.
Bimini resort hosts leading tournament
Hemingway, Playboy, running with the bulls (sharks that is), seaplane landings and take-offs, a sunset serenade with country artist Craig Morgan and 3,400 pounds of wahoo made for one of the Bahamas’ most intriguing fishing tournaments in recent memory.
Investors battle over provider's $7.5m needs
A Bahamian ‘quadruple play’ provider is in negotiations with three foreign investor groups vying to invest the $7.5 million critical to completing its network build-out, a development that would create “no fewer than” 20 jobs in Nassau.
BISX-listed firm's CEO faces 'grilling' over alleged fraud
The chief executive of a BISX-listed company faces a grilling from liquidators investigating an alleged multinational fraud, who are seeking information on a series of multi-million dollar transactions involving his company.
Gov't receives $1.5bn food project proposal
THE INVESTMENTS Minister has confirmed he received a proposal for an ambitious $1.5 billion food production project on Andros, aimed at making the Bahamas self-sufficient.
Ex-Robin Hood boss 'rises from the ashes' with $10m re-opening
BUSINESSMAN Sandy Schaefer said around $10 million has been invested to re-open both of his former Robin Hood outlets, a development he said will create 250 jobs.
Concerns over Baha Mar's 'master leasor' deal with John Bull
Rival Bay Street retailers have expressed concern that the John Bull Group of Companies will be acting as the master leasor of all retail space at the $2.6 billion Baha Mar project.
Minister aims to brand the Bahamas
INVESTMENTS Minister Khaalis Rolle says plans to make the recent Bahamas International Investment & Business Forum an annual or biennial eventare being considered, telling Tribune Business: “We want to brand the Bahamas from an investment perspective.”
Financial analysts meet the Commission
The Certified Financial Analysts (CFA) Society of the Bahamas (CFASB) has met with Securities Commission of the Bahamas (SCB) representatives for dialogue on matters impacting the sector.
