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BISX-listed firm ‘resolves’ qualified audit fear woes

A BISX-listed firm last pledged it has "resolved" technology woes that forced it to seek more time to publish its 2022 financial statements and prevent a 'qualified' audit opinion for a second consecutive year.

Seven-fold jump in Benchmark’s debt to clients no alarm

A BISX-listed firm has reassured investors that the seven-fold increase in monies owed to clients at year-end 2021 is no cause for alarm since it stems from $150m in securities trading activity.

BISX-listed firm 'bullish' on $1.2m travel investment

A BISX-listed company yesterday said it remains “bullish” on a $1.2m travel agency investment that it believes can still target a Bahamian market worth up to $1bn post-COVID-19.Julian Brown, pictured, Benchmark (Bahamas) president and chief executive

$700m needed to support up to 100,000 jobless

The government needs to borrow $700m from the domestic banking system to support household incomes given that the jobless total may reach six-figures, a Bahamian banker warned yesterday.Julian Brown, pictured, president and chief executive of BISX-li

Premier Travel: 15% growth is Benchmark

A BISX-listed firm yesterday said it is aiming to grow Premier Travel’s annual revenues by between ten to 15 percent following the completion of its first-ever venture capital investment.Julian Brown, Benchmark (Bahamas) president and chief executive

Private equity venture eyes ‘$100m-$200m opportunities’

A BISX-listed firm yesterday said its newly-created venture capital subsidiary can exploit “over $100m to $200m in opportunities” provided by Bahamian companies that need reinvigorating.

PM urged: ‘Get offensive’ to reclaim local economy

The prime minister has been urged by a local financial provider to “take the offensive and regain control of our domestic economy” by clearly differentiating it from the international sector.

Bahamas must ‘embrace disruptive change’ culture

The Bahamas must “embrace disruptive change” and not permit a minority to derail economic reforms that benefit the rest of society, a BISX-listed company’s president argued yesterday.

'Useless' BISX claim 'vehemently rejected'

A BISX-listed company has sprung to the stock exchange’s defence by “vehemently rejecting” charges it is “useless”, saying: “We are living proof that the system can work.”Julian Brown, Benchmark (Bahamas) president and chief executive, told Tribune B

Legal threat to $5m benchmark pref equity

Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.

Commission forces Benchmark into broker 'guarantee'

BISX-listed Benchmark (Bahamas) has been forced to “guarantee” its broker/dealer subsidiary will meet all financial obligations for “at least 12 months”, after regulators expressed concern over whether it was a ‘going concern’.

'Major concern' over BISX listed firm's $5m prefs

The $5 million investment in a BISX-listed firm’s preference shares “is of considerable concern” to the liquidators of its largest client, who have warned that the deal will receive their “continued attention”.

BISX-listed firm's CEO faces 'grilling' over alleged fraud

The chief executive of a BISX-listed company faces a grilling from liquidators investigating an alleged multinational fraud, who are seeking information on a series of multi-million dollar transactions involving his company.

The Tribune

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