Adviser: Gov't must 'move' to run recurrent surpluses
The 128 per cent increase in the Bahamas' national debt over the past decade means the Government must "address without delay" its ever-growing fiscal deficit
Robin Hood's replacement 'as big as before'
MARIO'S Bowling and Entertainment Palace chief executive, Leslie Miller, told Tribune Business yesterday that negotiations to re-open th
Nassau/PI resorts 5,000 up on room nights goal
Total room nights sold in April by Nassau/Paradise Island hotels exceeded projections by 5,000, Tribune Business was told yesterday, but the industry missed its room
Marketing must always be taken into account
MARKETING REVOLUTION About 15 years ago I used to be a chief financial officer (CFO) at a major Bahamian retail company. This was before I dedicated myself to learning how to market. The brand managers had to pre
Importer: Customs 'waitingfour years' for bulb ruling
A BAHAMIAN renewal energy services provider yesterday remained adamant it will not pay a 35 per cent import duty on LED light
Gov't to 'walk tightline' over Budget
The Government will "have to walk a tight line" between its pre-election promises and the need for fiscal prudence when it delivers the 2012-2013 Budget today, a senior priv
S&P: Bahamas’ savings slump to 10% of GDP
The Bahamas’ already-low national savings rate fell by a further 5 percentage points during the recession’s peak to just 10 per cent of GDP, a Wall Street credit rating agency has revealed, warning this “may force difficult” fiscal and social security-related decisions upon the Government.
Gov't, Central Bank urged to overseas financing restraints
The Bahamian authorities have been urged to relax legal and regulatory constraints to provide small businesses with “vital” access to international capital, a leading consultant telling Tribune Business the sector was currently “in ruins”.
'Significant' 15% uptick in key Clico asset's price
The liquidation of the Florida real estate development that accounts for 63 per cent of CLICO (Bahamas) assets continues to gather momentum, the liquidator and his agents having clinched a “significant” 15 per cent increase in the per acre price for their latest sale.
Developer invests $53m into Bahamas economy
New Providence Development Company (NPDevCo) has told Tribune Business it has invested $53 million in the Bahamian economy via its water franchise and Old Fort Bay Town Centre venture, with an $8.2 million wastewater treatment facility “nearing completion”.
First Caribbean staff 'can't have cake and eat it'
The Chief Justice has ruled that six employees released by FirstCaribbean International Bank (Bahamas) cannot receive redundancy payments under BOTH their industrial agreement and the Employment Act, describing their arguments as “not sustainable”.
How 'green' pays off
The world has undergone a major shift in how we view our existence and future here on Planet Earth. There are some who will have us believe that our actions are so destructive to the planet that we have altered our course forever.
Commission warns on 'unrestricted' vigilance
The Securities Commission has warned Bahamas-based unrestricted investment fund administrators (UIFAs), in particular, to expect increased regulatory vigilance.
$1bn pension assets 'not heavily regulated'
A SENIOR accountant believes closer regulation and supervision of pension funds in the Bahamas is critically important, telling Tribune Business that just over $1 billion in pension assets were for the most part “not heavily regulated”.
Bahamas 'not getting paid for' airspace usage
THE government needs to demonstrate the political will to take control of its sovereign airspace, a leading airline executive telling Tribune Business: “It belongs to us and we’re not getting any money for it.”
