Forum to discuss 2012-2013 budget
The Financial Voice (TFV) forum, which brings together experts from various sectors to discuss issues impacting the Bahamian economy, will make its fifth annual examination of the 2012-2013 Budget on June 19 at the J. Whitney Pinder Building on Collins A
BTC post cellular prices 'within regional range'
THE Bahamas Telecommunications Company's (BTC) chief executive yesterday said that while the company's post-paid cellular packages were now "within the range" of its regional competitors, its pre-paid pricing was not as competitive as it could be.
Banks: 'No dent' in bad loans for 12-18 months
BAHAMIAN commercial banks expect that high liquidity and non-performing loan levels, the latter of which now exceeds 19 per cent, will be "maintained for another 12-18 months" at least unless something sparks a dramatic reduction in unemployment.
Ex-LNG firm's $20,000 can't meet court Order
A NEW Providence businessman who took over a company that failed to obtain approval for a $650 million LNG project is urging the Court of Appeal to stay a judgment that required the firm to pay $468,477 "into court" by Friday last week, on the grounds it has "less than $20,000 in liquid assets" available to meet it.
$550m deficit 'not set off big alarm bells yet' on Wall Street
The Bahamas’ projected $550 million deficit for the 2012-2013 fiscal year has “not set off serious alarm bells yet” on Wall Street, Tribune Business can reveal, with no further downgrade to this nation’s sovereign credit rating likely in the short-term.
Sandals aiming to hold 'mid-90' occupancies until August
SANDALS Royal Bahamian saw a "fairly healthy May and June", its general manager, Patrick Drake, telling Tribune Business that the all-inclusive resort was running at 90 per cent occupancy - a level it expects to hold until about mid-August.
Haiti agriculture embargo raises costs five' times
THE Bahamas has been urged to end its embargo on direct agriculture imports from Haiti, with the current system thought to quintuple produce costs via Florida-based middlemen as it transits through the US.
Panama trade mission can be 'inspiration' for Freeport
THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman is hoping its upcoming trade mission to Panama will "inspire" Bahamian entrepreneurs to fully realise Freeport's transshipment/distribution hub potential.
Bimini Big Game unveils new logo
THE Bimini Big Game Club Resort & Marina's owners have unveiled as new logo design that will represent the 51-room property in all future marketing and branding initiatives.
Banks, Government 'exploring common ground' on mortgages
BAHAMIAN commercial banks and the Government are still at the exploratory stage of trying to find "common ground" over the latter's mortgage relief plan, Tribune Business can disclose, with nothing finalised yet.
CLICO liquidator facing $52m Trinidad grilling
Attorneys for the Trinidadian affiliate of CLICO (Bahamas) are seeking to examine liquidator Craig A. ‘Tony’ Gomez, in what was yesterday described as a bid to prevent the $10 million
Gov't's 1300 housing goal 'unachievable'
THE former Bahamas Mortgage Corporation (BMC) chairman yesterday said the newly-elected Christie administration's goal of building 1,300 new houses over its five-year term was "probably unachievable", suggesting it should instead focus on continuing to reduce the Corporation's 35 per cent loan arrears rate.
Grand Bahama's power costs 383% ahead of Florida
Grand Bahama-based businesses and households are paying 383 per cent more in energy costs than their Florida-based counterparts, a Freeport businessman yesterday telling Tribune Business this was the main reason for the island's 20 per cent-plus unemployment rate.
Bahamas 'hamstrung for several years' by fiscal weaknesses
THE Government's current fiscal position has "hamstrung the country for several years", a key Ministry of Finance consultant warned yesterday, with recovery almost entirely dependent on how the world economy - and key source markets - perform between now and 2015.
Gov't 'right sizing' real estate-tied Stamp Duty
THE Bahamas Real Estate Association's (BREA) president yesterday said the Government was likely "right sizing" its projections for real estate-related Stamp Tax collections, given that this was projected to decline by almost $45 million year-over-year during the 2012-2013 fiscal period.
