Change with the world and 'never surrender'
These days, business seems battered from all sides. If it is not the recession, then it’s government dreaming up new rules with which we shall comply.
BORCO targets 20-30% tanker traffic growth
The Bahamas Oil Refining Company (BORCO) is the “ideal location” to service the expected 20-30 per cent increase in tanker traffic resulting from the Panama Canal expansion, its owner yesterday describing the facility as the “optimum spot” for a bunker filling station and crude oil ‘top up’ unit.
'Flawed' BTC process means no FDI impact
Foreign investors are unlikely to be deterred by the Government’s efforts to renegotiate the Bahamas Telecommunications Company’s (BTC) privatisation because the sales process was “flawed”, a former finance minister told Tribune Business yesterday.
Exchange rate was 'never in jeopardy'
The Bahamas’ $838 million foreign currency reserves “are in line” with both their internationally-recognised adequacy benchmarks, the Central Bank of the Bahamas governor yesterday saying the one:one US dollar peg was “never in jeopardy” over the past decade.
BISX micro facility to force small firms to 'up their game'
The Bahamas International Securities Exchange’s (BISX) planned microcap listing facility was yesterday praised as “long overdue”, a consultant to the sector telling Tribune Business it would force small businesses to “up their game” as well as improving access to capital.
Realtor calls for Baha Mar 'stimulus zone'
AN economic stimulus zone can be created around the $2.6 billion Baha Mar project to help jumpstart business along the West Bay Street corridor, a Bahamian realtor yesterday saying it could become “the new Bahamian Reviera”.
Retailers await surge over back-to-school
BACK-to-school sales for 2012 to-date have been steady according to several retailers, who told Tribune Business yesterday that they were expecting a surge in business this weekend and next.
Scotia staffer passes Canadian examination
A Scotia Private Client Group sales assistant, Penny Ferguson, has passed the Canadian Securities Course (CSC) exam after studying at the Nassau-based Securities Training Institute (STI).
Bahamas beats exchange rate pressure average
The Bahamas’ fixed exchange rate has exceeded the average for small island states by coming under pressure three times’ between 1999-2010, an International Monetary Fund (IMF) paper has revealed, with its foreign reserves covering only 60 per cent of a new benchmark its authors have developed.
BISX targets micro listing launch before year's end
The Bahamas International Securities Exchange (BISX) is aiming to launch its small company/microcap listing facility before year’s end, its chief executive yesterday saying: “A lot of people are anxiously waiting for this to move forward”.
Key Government adviser: Bill's 'fundamental contract challenge'
A key Ministry of Finance adviser yesterday said the draft Borrowers Protection Bill “challenges some very fundamental and long-held concepts” relating to the sanctity of private contracts, adding his voice to those urging that the legislation be heavily modified before going to Parliament.
20% gambling tax 'reasonable'
A well-known businessman yesterday backed legalising gambling for Bahamians, suggesting numbers operators be taxed at “a reasonable” 20 per cent rate as he told Tribune Business: “We have no choice.”
Bermuda institutions find going in Bahamas tough
The Bahamian subsidiaries of two Bermuda-headquartered financial institutions have found 2012 tough going to-date, due to a mix of losses, redundancy and reduced working hours.
Sports tourism success rests with the family
The success at the Olympics has caused many to turn an eye towards sport as a potential revenue generator for the Bahamas.
