Ex-minister urges 'top up' approach on fiscal problems
A FORMER finance minister has questioned whether the Bahamas truly recognises it has “a very serious problem” in the Government’s fiscal position, and called for a “top up” approach to reining in excessive spending.
NIB: Pension payouts were 'put in jeopardy'
THE National Insurance Board (NIB) twice came close to missing monthly payments to hundreds of Bahamian pensioners after its chairman revoked management’s authority to ‘manage cash flow’, its director has alleged.
Mentoring a gateway to better human capital
MANY Fortune 500 companies have experienced the power of Corporate Mentorship Programmes, and are beginning to document and highlight the tremendous benefits of this powerful talent management tool.
BAIC targets $250m souvenir import bill
MORE than $250 million worth of souvenirs and gift items are imported into the Bahamas each year, income the Bahamas Agricultural & Industrial Corporation (BAIC) is determined to keep in the local economy.
Writ alleges failure to repay funds
The National Insurance Board’s (NIB) chairman is being sued for almost $400,000 by two partners and a lender over payments related to a Freeport commercial development in which he is a shareholder, court documents have revealed.
Future BISX growth 'dependent' on top securities ranking
The Bahamas International Securities Exchange’s (BISX) global expansion plans are inextricably linked to this nation achieving the top international securities industry ranking, its chief executive saying the exchange’s “future growth and development” depended upon it.
Cable wins US 'fast track' on $65m purchases
Cable Bahamas appears close to obtaining half the regulatory approvals it needs to consummate its $65 million US expansion, after the Federal Communications Commission (FCC) gave it the ‘fast track’ authority it was seeking.
PwC wins battle over liquidation of alleged fraud
A huge battle over who should wind-up an alleged multi-million dollar fraud, a case that has embroiled a BISX-listed company, has ended with the Supreme Court appointing a combination of PricewaterhouseCoopers (Bahamas) and the US receiver as liquidators.
Key questions for you entrepreneurs
Karl Albrecht founded the discount supermarket chain, Aldi, after he cut his teeth in his mother’s grocery store.
Bank's latest branch to target 'unbanked' south
Bank of the Bahamas International yesterday said it aims to target the “unbanked market” in southern New Providence via its new Carmichael Road branch, disclosing that it has hired Creole speakers among the location’s 12 staff.
BISX targeting 50-100 listing critical mass
By NEIL HARTNELL
BISX eyes trade finance for 'adolescent growth spurt'
The Bahamas International Securities Exchange (BISX) yesterday said it was targeting “trade financing” and ‘non-traded’ securities listings for development in 2013, as it prepares for its “adolescent growth spurt”.
Bahamas has 20% success rate on fiscal rebalance
The Bahamas has the second lowest fiscal consolidation success rate in the Caribbean, a working paper for the International Monetary Fund (IMF) has revealed, suggesting that its prospects of reversing the ongoing slide are not promising.
BISX targets 'shortest possible time' on $3bn Gov't securities listing
The Bahamas International Securities Exchange (BISX) is striving to list the $3 billion government debt market “in the shortest time possible”, its chief executive yesterday saying the capital markets will “simply not improve” without this.
'1,000%' confident on pre-Christmas South Beach re-open
Super Value’s owner yesterday said he was “1,000 per cent” confident that his second Quality Supermarkets store would open at South Beach pre-Christmas, telling Tribune Business it would not believe the anti-copper theft defences he had to install.
