Deltec creates ‘one of largest banks’ with Ansbacher deal
Deltec Bank & Trust last night said it will become “one of the largest international private banks in The Bahamas” with its acquisition of rival institution Ansbacher (Bahamas).
Gov’t targets Budget surplus by June 2025
The Government is targeting a first-ever Budget surplus of $71.9m by 2024-2025 without having to introduce new and/or increased taxes, its latest fiscal projections revealed last night.
Farmer raises climate query for $60m project
A BAHAMIAN farmer is questioning whether enclosed agricultural projects, such as Eeden Farms’ $60m Gladstone Road joint venture, can thrive due to this nation’s hot climate.
Potter’s Cay vendors wait to kickstart blaze rebuild
POTTER’S Cay vendors yesterday said they expect to be informed in a fortnight’s time when building materials will be released to repair the devastation caused by last April’s fire.
IAN FERGUSON: Steps for achieving workplace fairness
Fairness and equity will be the defining issues for companies in both 2022 and years to come. The workplace environment has a great impact on employee productivity and their view of employers. Happiness at work is a metric that can be hard to measure, but is essential to the success of a company. Managers must use their control over policy to ensure fairness in the workplace so employees feel productive and happy.
$50m target for RF private equity fund
A Bahamian investment bank yesterday revealed it is launching a private equity fund that aims to raise up to $50m over the next three-five years for “investments in possibilities” post-COVID.
Minister ‘shocked’ by realtors’ challenge to real property tax
A Cabinet minister yesterday said he was “shocked and disappointed” that Bahamian realtors are calling for the withdrawal of all 2022 real property tax bills because they are “illegal and invalid”.
Oil explorer plans no Bahamas work in ‘22
The former Bahamas Petroleum Company (BPC) yesterday said it will undertake “no material work” in this nation during 2022 other than maintaining its rights to renew four exploration licences.
Economy 2% smaller than pre-COVID at 2023’s end
The Bahamas’ economic output will still be 2 percent below pre-COVID levels even if growth forecasts through to end-2023 become reality, a local investment analyst warned yesterday.
ART OF GRAPHIX: The joys of being an entrepreneur
Running your own business offers many perks. But deciding to start one is a leap of faith. It requires pushing beyond your comfort zone. If that idea excites you, then you may be ready to take the plunge and be the chief executive of your own company. It may require taking a few risk, but the possibility of significant rewards is huge. If you are not yet convinced, here are some of the best reasons for starting your own business.
In ‘national interest’ to end water plant waste
A Cabinet minister yesterday said it was “manifestly in the national interest” to complete a much-criticised waste water treatment plant project plagued by a 91 percent cost overrun.
Taxpayers face extra $31m bill to finish baseball home
Bahamian taxpayers will have to provide an extra $31m to complete an Andre Rodgers baseball stadium that the Minnis administration feared will “never pay for itself”, it was revealed yesterday.
Crawfish catches are ‘largest in 20 years’
A Bahamian fisherman yesterday said crawfish catches are the “largest I have seen in 20 years”, with international certification having helped to boost prices 40 percent above pre-COVID levels.
Crystal Cruises halt labelled ‘no big deal’
FAMILY Island vendors yesterday said it was “not a big deal” that Crystal Cruises has suspended sailing until at least the end of April 2022 because they were not benefiting significantly from its stops.
Bahamas corruption: ‘Full picture not told’
The Bahamas’ latest relatively favourable corruption ranking “doesn’t tell the full picture”, governance reformers warned yesterday, as they urged it to “grow a culture of integrity”.
