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Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
S&P: Gov’ts fiscal, economic reforms ‘will take time’ to work
* 1.5% average growth forecast lower than IMF’s * Grand Lucayan closure takes out 7% of rooms * Debt to rise through 2020 to 52% of GDP
THE Government’s fiscal and economic reforms will take time to “pay dividends”, Standard & Poor’s (S&P) warned yesterday, as it took a more ‘bearish’ view of the Bahamas’ growth prospects. The rating agency, in its latest Bahamas country assessment, expressed confidence that the Minnis administration’s fiscal reforms will “arrest the deterioration” in the Government’s deficit and the national debt.
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
COURT REJECTS CUSTOMS FEARS
By NEIL HARTNELL Tribune Business Editor The Supreme Court has rejected fears that Customs will produce "a repeat performance" in the absence of a judicial ruling over its demand for all Grand Bahama Port Authority (GBPA) licensees to produce a National
BTC's 18% directory mark-up 'reasonable'
BTC's 18% directory mark-up 'reasonable' By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company's (BTC) proposed 17.65 per cent retail mark-up for directory inquiry calls has been deemed "reasonable" by the sector regulator, alt
Operators 'very concerned' over URCA's budget
Operators 'very concerned' over URCA's budget By NEIL HARTNELL Tribune Business Editor The two major industry players are "extremely concerned" with the communications regulator's proposed 2012 budget, warning that financing this through a licence fee i
Operators 'very concerned' over URCA's budget
Operators 'very concerned' over URCA's budget By NEIL HARTNELL Tribune Business Editor The two major industry players are "extremely concerned" with the communications regulator's proposed 2012 budget, warning that financing this through a licence fee i
Operators 'very concerned' over URCA's budget
Operators 'very concerned' over URCA's budget By NEIL HARTNELL Tribune Business Editor The two major industry players are "extremely concerned" with the communications regulator's proposed 2012 budget, warning that financing this through a licence fee i
GOVERNOR SAYS 2-2.5% GROWTH 'STILL ACHIEVABLE'
By NEIL HARTNELL Tribune Business Editor The Central Bank's governor yesterday said projected Bahamian economic growth of 2-2.5 per cent for 2012 remained "achievable" despite the gathering downside risks, while disclosing that the external reserves were
GOVERNOR SAYS 2-2.5% GROWTH 'STILL ACHIEVABLE'
By NEIL HARTNELL Tribune Business Editor The Central Bank's governor yesterday said projected Bahamian economic growth of 2-2.5 per cent for 2012 remained "achievable" despite the gathering downside risks, while disclosing that the external reserves were
VAT gives Bahamas unwanted world lead
Bahamian businesses have suffered the largest worldwide increase in the time they are forced to spend on tax compliance as a result of Value-Added Tax’s (VAT) implementation, a World Bank report has found.
CHAMBER CHIEF SUPPORTS GOV'T OUTSOURCING '110%'
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has given his "110 per cent support" to the International Monetary Fund's (IMF) call for more services to be outsourced to the private
ATLANTIS SWITCH 'DOESN'T ADD UP'
By NEIL HARTNELL Tribune Business Editor A former Bahamas Chamber of Commerce president yesterday said the details surrounding Kerzner International's $175 million debt-for-equity swap did not 'add up', questioning how the new owners would see a return o
CIBC:‘No plans’ for further terminations
CIBC’s top Caribbean executive yesterday said the bank had “no plans” for any further major outsourcing of jobs from the Bahamas, emphasising it was targeting the retail and private wealth management segments for growth.
COMMUNICATIONS REVENUES FALL 7%
By NEIL HARTNELL Tribune Business Editor The Bahamian communications industry's total revenues decreased by 7 per cent year-over-year in 2010, falling from $460 million to $428 million, as the sector's regulator pledged to introduce "universal service ob
Revived Mortgage Plan may assist ‘over 1,000’
The Government yesterday unveiled a revised Mortgage Relief Plan it believes could assist “upwards of 1,000 delinquent borrowers”, via a 20-25 per cent cut to monthly loan payments.
Kosoy, Sterling eye Hurricane Hole deal
David Kosoy’s Sterling Global Financial is in negotiations to acquire Paradise Island’s Hurricane Hole property from Atlantis’s owner, Tribune Business can reveal.
