Moody’s glum on hitting deficit
Moody’s is urging further “restraint” in public spending while predicting that the government will miss the 1.8 percent deficit target set by the Fiscal Responsibility Act for 2018-2019.
Bahamas First targets 15% returns to offset ‘volatility’
Bahamas First’s top executive yesterday said it is targeting a 15 percent return on equity (ROE) in non-hurricane years to ensure it smooths out “volatility” and remains attractive to investors.
Port revamp ‘must run parallel’ to Bay St revival
The revival of Nassau’s cruise port and downtown “must run in parallel”, the Chamber of Commerce’s chief executive urged yesterday, and reverse the slide in passenger experience.
Downtown retail hails port winner as ‘what we need’
Bay Street merchants yesterday said Global Ports Holding’s $250m plan to redevelop Nassau’s cruise port is “exactly what downtown has needed for many years”.
Govt ‘duplicitous’ on oil licence extension
AN environmental activist yesterday accused the government of being “duplicitous” for extending oil exploration licences at the same time it is promoting renewable energy use.
Govt told: ‘Get serious’ on Morton Salt issues
THE trade union representing line-staff at Morton Salt (Bahamas) has urged the government to “get serious” about resolving its long-running dispute over a new industrial agreement.
Realtor rates high-end properties on amenities
A Bahamian real estate broker has released a report on high-end real estate opportunities on New Providence and Paradise Island, rating each for the quality of on-site amenities.
Lightbourn Trading office design is ‘new standard’
A local firm of architects believes it has set “a new standard for commercial buildings” in The Bahamas with its design for Lightbourn Trading’s property.
Cruise lines miss out on port project
The cruise lines were yesterday reassured they will not face excessive port fees after the government selected Global Ports Holding’s $250m bid to redevelop Prince George Wharf.
Atlantis sale ‘off the table’
The potential sale of Atlantis to a New York-based real estate investor, which was backed by Qatar’s sovereign wealth fund, has fallen through and will not be revived.
Port winner ‘not worried one drop’ by cruise islands
The winning Nassau cruise port bidder’s chairman yesterday said he is “not worried one drop” about the rapid expansion of the industry’s private destinations, adding: “We’ll see who wins.”
‘Fresh impetus’ for oil explorer
A Bahamas-based oil explorer’s search for a joint venture partner has been given “fresh impetus” by the Government’s extension of its four licences until end-2020.
Bahamas urged to target FATF escape
The Bahamas has been urged to “prioritise” escaping the Financial Action Task Force’s (FATF) monitoring list as all its recent woes “flow” from this.
Regulator signs new EU fund access deal
The Securities Commission of The Bahamas has announced the signing of its 28th agreement to ensure local fund managers have access to European markets.
Carnival’s $100m port won’t cut Nassau calls
A TOP Carnival executive says its proposed $100m Grand Bahama port will not result in reduced vessel calls to Nassau, while describing its investment as a “no brainer”.
