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EDITORIAL: Now time to open all Baha Mar files
DR HUBERT Minnis should not have to be reminded that one of the main tenets of his party’s political platform was to open wide government’s doors and expose the PLP’s five-year management or mismanagement of the people’s government and the spending or misspending of its finances. In some areas they have carried out their mission with great vigour, in others there is too much foot-dragging.
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Bahamas is exploring 'debt for nature' swap
The Government is exploring a "debt-for-nature swap" with the Inter-American Development Bank (IDB) that could result in at portion of its $11.2bn national debt being forgiven, the Prime Minister said yesterday.
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Bank's equity investors see 60.7% income drop
Bank of the Bahamas International’s shareholders have seen a 60.7 per cent decline in net income available to them from the 2012 financial year, largely due to increases in preference share dividends and loan loss provisions.
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Gov’t defends $233m borrowing against ‘pure arrogance’ charge
The Government yesterday defended itself from Opposition accusations of “pure arrogance” after it confirmed the law will be changed retroactively to facilitate its borrowing of $233m in IMF special drawing rights (SDRs).
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Attorney urges 'debt for equity' mortgage relief
A LEADING attorney yesterday proposed a 'debt-for-equity' style-swap as the solution to the Bahamas' existing mortgage woes, telling Tribune Business that to force commercial banks into losses and capital write-offs could endanger the nation's financial system and create even greater problems.
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Opposition: ‘Shore up’ investors’ confidence
The Bahamas is “not doing anything to shore up” the confidence of investors who are “rightly concerned” about the country’s economic and fiscal prospects, the Opposition’s finance spokesman asserted yesterday.
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Gov’t warned: Don’t dictate how private sector invests
The Government cannot appear to be dictating how private companies invest their monies, a well-known banker is warning, following the furore over insurers possibly having to hold a “minimum” 50 percent of assets in public sector securities.
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‘An all-time low’ on investor confidence
The Opposition’s leader yesterday argued that investor confidence in The Bahamas’ sovereign debt is at “an all-time low” given the deep discounts, and high yields, at which its bonds are trading.
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EDITORIAL: The final destruction of Baha Mar
IN his statement last week on China’s new restrictions on overseas investments by its nationals, Foreign Affairs Minister Darren Henfield, in reply to a Tribune reporter’s question, said he had not mentioned the position of Baha Mar in his press release because “it is sold and (in the process of completion).”
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Commission’s regulatory powers restored by court
The Appeal Court has overturned a verdict that prevented the Securities Commission “from acting in the public interest”, following its battle with a BISX-listed company over the latter’s compliance with regulatory capital standards.
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Bahamas Waste shrugging off' squeeze' via 100% profit rise
Bahamas Waste yesterday expressed confidence it would generate a 100 per cent net income increase for the 2012 full year, despite experiencing a margin increase caused by key equipment costs more than doubling.
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Hard Rock eatery ‘valueless’, claims ex-Nassau owner
Hard Rock Cafe’s former Nassau franchisee has moved to overturn the dismissal of its $18.877 million damages claim for “deceptive and unfair business practices”, claiming its Charlotte Street restaurant was “valueless” and of no worth.
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Gov’t pledges law change over its $233m borrowing
The Government has promised to change the law to facilitate its “use” of $233m in International Monetary Fund special drawing rights (SDRs) that have for the past 16 months boosted The Bahamas’ foreign reserves.
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IDB’s taxpayer boost for $385m Gov’t bond issue
The Bahamas will this week seek to limit the debt servicing burden for taxpayers via an Inter-American Development Bank (IDB) guarantee that will underwrite most of its $385m foreign currency bond issue.
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Bungled Netflix trade to cost Ansbacher $317k
Ansbacher (Bahamas) has been ordered to pay $317,000 in lost profits to a UK investor over a bungled Netflix share trade he claims cost him his townhouse.Justice Indra Charles, in a June 22, 2020, verdict, found that the financial services provider g
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Major Bahamas investor defeats 'nuclear weapon'
A Supreme Court judge has rejected a Nassau hotel owner's bid to deploy a "nuclear weapon" against a prominent Bahamian investment house and resort/real estate developer.
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FACE TO FACE: Two women with a vision to help businesses grow
Regina Smith and Kentisha Ward have a vision. They see a future where Bahamians become more self-sufficient and create a nation of producers. They have a dream of reducing hunger by transforming food waste into value added products. They envision reducing the national debt by increasing national exports. Most importantly, they have a vision of food sustainability through entrepreneurship.
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