Family council vital to business succession
Cable Bahamas’ chief executive says establishing a family council is critical for seamless succession planning in family-owned businesses where communication among all members is key.
Freeport escapes next ‘nail in coffin’
Freeport yesterday escaped “another nail in the coffin” after private sector lobbying persuaded the government to delay implementation of Customs’ new system until September 2021 at earliest.
Sebas blocked over Sun Cash takeover
Sebas Bastian’s investment house yesterday saw its bid to seize control of a Bahamian digital payments provider blocked by the Supreme Court.
Cross-border commerce ‘back to prehistoric times’
Freeport’s cross-border commerce was yesterday said to have been sent “back to prehistoric times” as a result of Customs’ electronic system for clearing goods being down for ten successive days.
‘Fiscal hesitancy’ fear for Bahamas
A senior Caribbean financial services executive yesterday voiced concern that The Bahamas and other tourism-dependent states will suffer from “fiscal policy hesitancy” in addressing soaring post-COVID debt.
‘I want us in best COVID categories’
A fully vaccinated Bahamas is the only way to fully revive tourism and achieve a Cabinet minister’s goal of “always being in the best category” for COVID-19 travel advisories.
Central Bank signals reserves past danger
The Clearing Banks Association’s chairman yesterday said he is “not jumping through hoops just yet” despite the Central Bank’s actions signalling the post-COVID recovery is on “an upward trend”.
Nearly $50m loans fall into delinquency
Almost $50m worth of loans became delinquent during May 2021 as COVID-19 payment deferrals continued to expire, the Central Bank of The Bahamas has revealed.
Briland hotelier: ‘Will bubble pop?’
A prominent Briland hotelier yesterday said tourism operators “don’t know whether a bubble is going to pop” with resorts continuing to enjoy “unheard of” bookings for the summer months.
GB airport: Govt ‘rolled over and played dead’
The government has “rolled over and played” dead by permitting Hutchison Whampoa to dump all its loss-making assets on the Bahamian taxpayer, a prominent attorney argued yesterday.
‘Cut hip’ for Kanoo over tourism delay
A Cabinet minister says he would “take a cut hip any day” for selecting Kanoo as the Bahamas health travel visa’s payment processor as opposed to delaying tourism’s late 2020 restart.
Bahamas to ‘recalibrate’ airlift with airports PPP
The Bahamas is seeking to “recalibrate the aviation asymmetry” that results in more than two-thirds of international flights coming to Nassau as opposed to other islands, it was revealed yesterday.
Six airports to need more than $150m funding
Six Family Island airports will probably require a greater collective investment than the $150m a Bahamian merchant bank is seeking to raise from local investors, it was revealed yesterday.
Atlantis ‘close to 90%’ occupancy in coming weeks
Atlantis will operate at “close to 90 percent occupancy” over the next few weeks, its top executive revealed yesterday, with all properties apart from the Beach Towers having re-opened post-COVID.
GB airport revival pegged at $200m
A $200m investment is required for the “comprehensive redevelopment” of a Grand Bahama International Airport (GBIA) that lost more than $13m in the two-and-a-half years before the government acquired it.
