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Cherubims rout Suns, T-Wolves top the Giants
THE Providence Basketball Club’s 2014 Holiday Classic came to a close at the Kendal Isaacs Gymnasium yesterday. Teleos Christian Academy Cherubims, CV Bethel Timberwolves and CV Bethel Stingrays all won their respective divisions to put the final touches on the round robin play.
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Pregnant women claim they were beaten by Defence Force officers
TWO pregnant Bahamian women complained they were dragged and beaten by officials during an immigration raid weeks before the enforcement of the government’s new immigration policy.
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Insurer at the 'mountain top'
A Bahamian insurer yesterday reached “the mountain top” after being upgraded to the industry’s highest-possible financial strength rating, revealing that its 50 per cent profit retention policy had ‘paid dividends’.
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'Optimistic' five new oil licences approved in 2013
The Government is expected to decide this year whether to approve a further five oil exploration licences, with its current licensee aiming to secure a joint venture partner “after the summer”.
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Hilton bids put Bahamas 'back in play' on FDI
THE MINISTER of State for Investments has confirmed “multiple offers” have been made to acquire downtown Nassau’s British Colonial Hilton hotel, proving that the Bahamas was “back in play” in attracting foreign direct investment (FDI).
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Wilimae Yvonne Nottage
Funeral Service for the late Wilimae Yvonne Nottage age 51 years old of Kennedy Subdivision and formerly of Black Point, Exuma who died at her residence on Wednesday February 20th, 2013 will be held on Saturday March 2nd, 2013 at …
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FNM chair: BFS IPO should be 25-30% stake
The FREE National Movement’s (FNM) chairman has criticised the Government for mandating that only a 15 per cent stake in Bahamas Food Services (BFS) be sold to the Bahamian public, telling Tribune Business any initial public offering (IPO) should involve at least 25-30 per cent of the company’s equity.
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Wholesalers hope Sysco leaves food retail for locals
WITH the Bahamas Food Services/Sysco deal moving forward, one Bahamian wholesaler yesterday expressed hope that Bahamian-owned suppliers could survive if the Texas-based distribution giant stuck to serving the hotel industry.
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PM confirms approval for Sysco’s BFS deal
PRIME Minister Perry Christie yesterday confirmed that the Government had decided to approve Bahamas Food Services’ (BFS) takeover by multi-bilion US giant, Sysco, promising his administration would ensure that Bahamian wholesalers were not “unduly impacted” by the sale.
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Wholesalers fear BFS purchase a ‘done deal’
The Bahamian wholesale industry has been told that Government approval of Bahamas Food Services (BFS) acquisition by Sysco is “a done deal”, Tribune Business was informed yesterday, although administration sources were adamant that no final decision had been taken.
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BFS acquisition decision 'not delayed much longer'
PRIME Minister Perry Christie said yesterday that the Government’s decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US distribution giant, Sysco, was one that “would not be delayed much longer”.
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BFS deal: Require 25% stake sale to Bahamian investors
THE Government must ensure a minimum 25 per cent equity stake in Bahamas Food Services (BFS) is sold to the Bahamian public if it approves the company’s purchase by Sysco, a prominent businessman also warning it to guard against a food wholesale monopoly.
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Rival wholesalers to ‘strive and survive’ despite Sysco/BFS deal
RIVAL BAHAMIAN wholesalers can survive competition from US distribution giant Sysco, one local wholesaler/retailer telling Tribune Business: “There’s room for everybody.”
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PM facing 'judgement call' over BFS sale
PRIME Minister Perry Christie yesterday said the Government was not close to making a final decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US food distribution giant, Sysco, telling Tribune Business his administratio was having detailed discussions with rival Bahamian wholesalers on the deal’s likely impact.
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Rival wholesalers fear price ‘undercut’ from BFS/Sysco deal
Bahamian-owned food wholesalers would inevitably be “undercut” on price if Bahamas Food Services (BFS) were to be acquired by the multi-billion dollar Texas giant, Sysco, one warning yesterday that he could not see the deal getting government approval without Bahamian participation.