Week in review
ActivTrades
Week in review In the US, the Dow Jones and Nasdaq climbed on Friday and were at their highest level for four weeks. The European indices were also continuing their recovery. The losses since the collapse of Silicon Valley Bank, which started the global banking industry’s problems, are almost balanced.
Sir Franklyn ‘less sure’ over size of gas margin increase
FOCOL’s chairman yesterday revealed he is now “less sure” that the magnitude of the margin increase sought by Bahamian petroleum retailers can be justified and urged them to supply evidence to prove their case.
FTX’s Bahamas liquidators slam ‘inflammatory’ claims
FTX’s Bahamian liquidators yesterday slammed their US counterparts for “bizarre” and “inflammatory” claims while they themselves were accused of seeking to “torpedo” the Chapter 11 proceedings for the failed crypto exchange.
Water Corp cuts debt to main supplier by $5.2m
The Water & Sewerage Corporation’s debt to its main BISX-listed supplier was slashed by 24 percent during 2022 to $16.3m at year-end, although close to two-thirds of that sum remained delinquent.
Deltec agrees $50m FTX loan resolution
The role played by FTX’s former Bahamian chief in arranging a $50m loan to Deltec Bank & Trust’s parent company yesterday came under scrutiny through fresh legal filings.
Briland delinquency targeted in tax raids
The Ministry of Finance’s top official yesterday warned tax deadbeats “there’s consequences for non-compliance” after several Briland businesses this week saw their assets seized over alleged unpaid debts to the Public Treasury.
Esso dealers fearing rent hikes will hit all
The Bahamas Petroleum Retailers Association’s vice-president yesterday said he is “very, very concerned” by a dispute that has left one Esso dealer fearing he has no choice but to “give them back their station”.
Bahamas hurricane loss triple that of Caribbean
The Bahamas has suffered almost triple the amount of hurricane-related losses and economic damage compared to that experienced by other Caribbean countries over the past 20 years, it was revealed yesterday.
Sir Franklyn ‘surprised’ at hint margin talks ending
FOCOL’s chairman says he is “surprised” that Bahamian petroleum retailers indicated negotiations over a margin increase had ended because talks were ongoing at the Prime Minister’s Office yesterday.
Courier firms blocked on ‘seven figure’ tax arrears
Several courier companies have been temporarily barred from clearing imported shipments over their failure to pay up to “seven figures” in due taxes to the Government, a top official confirmed last night.
How you can beat the job interview
You have finally done it. You wrote the perfect resume, nailed your application letter, and now you have the job interview in just a few days. This is exciting, but also nerve-wracking. A positive impression has to be made if you wish to land the post, but how can you do that if you have never had a successful interview?
Bahamians told: Stop work permit complaints
A CABINET minister yesterday told Bahamians to stop complaining about the number of work permits being issued for expatriate labour if they are unwilling to “step up” and fill these posts themselves.
Realtor unveils crowdfund plan for property market
A BAHAMIAN realtor yesterday described crowdfunding as a “viable alternative investment” that can provide persons with access to the real estate market.
Aliv ‘rings in’ fresh security partnership
CABLE Bahamas has teamed with an Amazon subsidiary for an initiative that uses technology to improve home security.
Cruise port targets $3m annual refinance saving
Nassau Cruise Port will save close to $3m per year from refinancing the existing $138m bond debt that kickstarted its redevelopment, with its top executive yesterday saying: “We’re so much more than just a cruise port.”
