$10 million Fidelity Flagship fund sees redemptions 'slow down considerably'
RoyalFidelity’s flagship $10 million mutual fund has seen redemption requests “slow down considerably” in recent months, a senior executive yesterday telling Tribune Business there were numerous ongoing projects that would see “the rubber hit the road” on equities market recovery.
PM facing 'judgement call' over BFS sale
PRIME Minister Perry Christie yesterday said the Government was not close to making a final decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US food distribution giant, Sysco, telling Tribune Business his administratio was having detailed discussions with rival Bahamian wholesalers on the deal’s likely impact.
Aircraft registry committee to be formed this month
A joint private-public sector committee is due to be formed by end-September to pursue the development of a Bahamian aircraft registry, the attorney spearheading the project yesterday saying its creation would “open the doors to the realms of all possibilities”.
Sales training is not follwoing proper script
My love affair with selling began with Junior Achievement (JA).
Governemnt 'favouritism' to manufacturers under scrutiny
An executive with a well-known Bahamian economic think-tank is questioning why the Government should favour manufacturers over other industries by giving them incentives not available to others.
GB power officially opnes its $80M generation plant
The Grand Bahama Power Company (GBPC) has officially opened its $80 million West Sunrise Plant (WSP).
Texaco rebranding to start June 2013
TEXACO retailers said yesterday that their new distributor, Rubis, had “saved a lot of us”, with their gas stations said to be rebranded under the new owner’s banner from June 2013.
Grants initiative gives Bahamians access to $1M
BAHAMIANS will be able to access $1 million in grant funding under the Global Environment Facility (GEF) small grants vehicle, the Minister of the Environment and Housing said yesterday, adding that the programme had committed to providing this locally through 2014.
Rival wholesalers fear price ‘undercut’ from BFS/Sysco deal
Bahamian-owned food wholesalers would inevitably be “undercut” on price if Bahamas Food Services (BFS) were to be acquired by the multi-billion dollar Texas giant, Sysco, one warning yesterday that he could not see the deal getting government approval without Bahamian participation.
Bahamas '20 years behind 8-ball' on micro lending
The Bahamas is “20 years behind the eight-ball” when it comes to microfinance, a budding lender in the sector yesterday telling Tribune Business he had set the “aggressive” target of generating 1,000 such loan accounts within 21 months.
Gov'ts $300m bond finance demands 'extraordinary'
A leading investment advisor yesterday said he could not “readily recall” the Government ever seeking $300 million in bond financing in such a short times period, as the administration launched its latest $100 million Bahamas Government Registered Stock (BGRS) issue.
Over 41,000 Bahamians not working, given up
More than 41,000 Bahamians are either unemployed or have given up looking for work, with an FNM Senator yesterday conceding that the economy’s ability to “put a sizeable dent” in these figures “does not exist in the short to medium-term”.
'Hard money' down on PI resort sale
The purchaser of the Paradise Island Harbour Resort, Warwick International Hotels and Resorts, has put down “hard, non-refundable money” on a $6.8 million deal, something that was yesterday said to “bode well for the Bahamas”.
End-2013 target for Funds Act reforms
Both government ministers directly responsible for the securities industry attended the first meeting of the Investment Funds Act Technical Team (IFATT), which will spearhead efforts to modernise the legislation.
Security does not stop at the gate
SAFE & SECURE: The greatest challenge with access control is that successful businesses want people to come inside and purchase merchandise, or benefit from a particular service.
