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Can Bahamas brook new Atlantis owner
Can Bahamas brook new Atlantis owner It will return. Make no mistake about it. With $2.5 billion worth of debt past due and in default, Kerzner International's seven lenders will not let the situation lie. It is a question of when, rather than if, the ow
Govt tax crackdown exposes ‘desperation’
The Christie administration’s much-trumpeted tax crackdown has exposed its “desperation” over the strained fiscal position, the Democratic National Alliance’s (DNA) leader yesterday charging: “The Government is broke.”
Tax delinquents warned to brace for ‘shock treatment’
Major tax defaulters were yesterday warned to brace for “shock treatment” from the Government’s recently-unveiled tax crackdown, the Bahamas Chamber of Commerce’s (BCCEC) chairman giving his “strong support” to the initiative.
PUBLIC SPENDING TO RISE 'LESS THAN 0.1% OF GDP' VIA WAGE FREEZE END
By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government believes, its major difference with the International Monetary Fund (IMF)
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government beli
BRISTOL PREMIER'S 'BEST OF THE BEST'
By NEIL HARTNELL Tribune Business Editor Bristol Wine and Spirits is aiming to showcase "the best of the best" in its wine and spirits portfolio through next week's 'soft opening' of its one-acre Premier Cru venue on Gladstone Road, its president yesterd
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end Sub-Deck: * Gov't acknowledges major difference with IMF over 'timing and will for major tax reform' * Debt Management Committee set up to oversee Bahamas' fiscal position By NEIL HA
Hotel industry 'holds its own'
The Bahamas' hotel industry generated a 6.2 per cent increase in room occupancy for the year to end-October 2011, something the Bahamas Hotel Association's (BHA) president said showed the sector was "holding its own". Stuart Bowe, senior vice-president at
Kerzner's $65m capital upgrades in debt talk delay
Kerzner's $65m capital upgrades in debt talk delay By NEIL HARTNELL Tribune Business Editor Kerzner International (Bahamas) chief yesterday acknowledged that finalising this year's $65 million capital investment plan for its Paradise Island resorts is b
Florida court blocks $7.59m Bahamas ruling
A contractor’s bid to enforce a $7.59 million Bahamas Supreme Court judgment against a major global hotel chain has been blocked by a Florida appeals court, which ruled the latter was not involved in a $1 billion Bahamian joint venture.
Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
Cable produces 37% profit rise
Cable produces 37% profit rise Cable Bahamas yesterday unveiled a 37.4 per cent net income increase to $6.339 million for the 2012 first quarter, up from $4.614 million during the same period in 2011. The growth was driven by a 23.5 per cent revenue rise
FDI fails to match $804m oil imports
By NEIL HARTNELL Tribune Business Editor A well-known former banker yesterday expressed concern over how the more than $800 million spent on oil imports in 2011 had depleted the Bahamas' foreign exchange reserves, arguing that foreign direct investment (
URCA names its new chief
The Utilities Regulation and Competition Authority (URCA) has appointed Kathleen Smith as chief executive with effect from April 2, 2012. The appointment, which is for a five-year term concludes a competitive search begun in June 2011. Mrs Smith is an app
COLINA GENERAL HAD $2M ASSET DEFICIENCY
By NEIL HARTNELL Tribune Business Editor Colina General Insurance Agency had an almost-$2 million balance sheet solvency deficiency when it was acquired by its sister company, BISX-listed Colina Holdings (Bahamas), in early December 2011 for just $1, Tri
