BISX: 50/50 buyer-seller ratio 'damn good market improvement'
The Bahamas International Securities Exchange’s (BISX) chief executive believes a “damn good improvement” is occurring in the stock market, with the buyers-to-sellers ratio now standing at 50/50 after deteriorating to 20/80 at the recession’s peak.
Courts 'still not comparable' with national targets
The Bahamian court system is “still not comparable” to one required to serve the international business centre this nation aspires to be, a senior QC has told Tribune Business.
Firm's setback over Kozeny's alleged $22m
The company purporting to own $22 million, which Czech authorities allege instead belongs to Lyford Cay financier Viktor Kozeny, has suffered at least a temporary setback in its efforts to take possession of the funds after its attorney failed to attend a New York court hearing.
Minister targeting 'manufacturer 'flood'
A Cabinet minister is hoping the Government’s trade and industry promotion policy will result in a “flood” of manufacturers coming to the Bahamas, adding that it was “imperative” to retain domestic production industries.
Minister slams former Gov't on $7-$10m EU grant funding 'loss'
A Cabinet minister has blasted the former Ingraham administration’s “complete lack of engagement” for potentially costing the Bahamas $7-$10 million in ‘free’ European Union (EU) grant funding.
AG targeting 'disturbing' company formation findings
Branding World Bank findings that it takes 10-11 days to form a company in Bahamas as “unacceptable”, the Attorney General has unveiled a Companies Advisory Committee to tackle the “disturbing” result.
Bank unveils 91% profits increase
Bank of the Bahamas International says its business restructuring, coupled with improved margins and an increase in new business, drove a 91 per cent net income increase for its 2013 first quarter.
Managing to perform in 2013
It is very difficult to sympathise with a struggling business, which despite warnings and encouragements to plan and prepare for greater success, refused each year to make simple investments in products, services, or their human capital for better outcomes.
NP real estate sales value off 45 per cent during Q3
The total value of New Providence real estate sales on the Bahamas Multiple Listing System (BMLS) dropped 45 per cent quarter-over-quarter in the three months to end-September, the industry yesterday unveiling its initiative to boost “market transparency” and real time data access.
LPIA in 'substantial' 6.9% seats increase
The Lynden Pindling International Airport (LPIA) has seen “a quite substantial” 6.9 per cent increase in incoming airline seats during the first four months of its current financial year, its operator yesterday saying net income “isn’t the most accurate reflection of our health”.
BEC's $24.3m loss swing 'a shocker'
The Bahamas Electricity Corporation’s (BEC) net loss for the 2012 financial year represents a negative $24.3 million swing from internal projections, a former executive chairman describing this as “a shocker” and adding: “Something seems dreadfully amiss.”
'Find one happy owner', strife-torn project urged
Oceania Heights’ principals were yesterday challenged to produce one owner who was happy with the development, an attorney telling Tribune Business: “The way the project was structured and sold should not be allowed in the Bahamas.”
Bahamas realty names leading producers
Bahamas Realty has named Silvina Andrews as its overall top producer for 2012, with Pyper Gordon-Parker as top leasing agent and Sara Parker as top producer for exclusive listings. James Bernard won the Most Improved Agent title.
BTC offering seasonal gifts
The Bahamas Telecommunications Company (BTC) yesterday said it has given its pre-paid cellular customers value-added gifts for Christmas.
SIMON COOPER: Don't always rely on their goodwill
If you buy a business for sale that is an inactive shell, then its value is its depreciated assets - less a deduction if its reputation is shot (perhaps we should call that ‘bad will’ to be consistent).
