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DPM: Bahamas must ‘prove’ itself to S&P
* ‘Not at all’ upset nation still ‘junk’ * Blames former Govt’s failure to deliver * Nation has 12-24 months to execute
The Government must “prove” it can deliver on its fiscal and economic turnaround strategy, the Deputy Prime Minister admitted yesterday, after Standard & Poor’s (S&P) kept the Bahamas at ‘junk’ status. K P Turnquest told Tribune Business he was “not at all” disappointed at the outcome of S&P’s annual review of the Bahamas’ sovereign creditworthiness, despite having previously expressed optimism that the Government could make the case to be upgraded to ‘investment grade’ status.
Pinder moves one year after ‘amazing’ deal
One year after receiving a “mind blowing” offer he was unable to turn down, former financial services minister Ryan Pinder yesterday confirmed his career is on the move again - this time to the Graham, Thompson & Co law firm as partner.
Port 'dismayed' by Shenanigan's
The Grand Bahama Port Authority (GBPA) has described itself as "dismayed" by criticisms from a Bahamian businessman who closed his Port Lucaya Marketplace restaurant blaming high rents, arguing that he had been "unresponsive" to attempts to resolve the si
Port 'dismayed' by Shenanigan's
The Grand Bahama Port Authority (GBPA) has described itself as "dismayed" by criticisms from a Bahamian businessman who closed his Port Lucaya Marketplace restaurant blaming high rents, arguing that he had been "unresponsive" to attempts to resolve the si
AML TARGETS SECOND FREEPORT SOLOMON'S
BISX-listed food retail group, AML Foods, is looking to take over the former City Markets store in downtown Freeport and create around 50 jobs, Tribune Business was told last night. Details were sketchy, but it is thought the store - if it does go ahead -
AML TARGETS SECOND FREEPORT SOLOMON'S
BISX-listed food retail group, AML Foods, is looking to take over the former City Markets store in downtown Freeport and create around 50 jobs, Tribune Business was told last night. Details were sketchy, but it is thought the store - if it does go ahead -
AML TARGETS SECOND FREEPORT SOLOMON'S
BISX-listed food retail group, AML Foods, is looking to take over the former City Markets store in downtown Freeport and create around 50 jobs, Tribune Business was told last night. Details were sketchy, but it is thought the store - if it does go ahead -
AML TARGETS SECOND FREEPORT SOLOMON'S
BISX-listed food retail group, AML Foods, is looking to take over the former City Markets store in downtown Freeport and create around 50 jobs, Tribune Business was told last night. Details were sketchy, but it is thought the store - if it does go ahead -
AML TARGETS SECOND FREEPORT SOLOMON'S
BISX-listed food retail group, AML Foods, is looking to take over the former City Markets store in downtown Freeport and create around 50 jobs, Tribune Business was told last night. Details were sketchy, but it is thought the store - if it does go ahead -
MSC cruise port: No lease agreement yet
No agreement has yet been reached to transfer the lease of Ocean Cay to Mediterranean Shipping Company (MSC) for its private cruise port, with the current holder saying of the project: "It won't be done overnight."
PHA exceeds bond target with $26-$27m
The Public Hospitals Authority's (PHA) $25 million bond issue closed slightly oversubscribed, its financial advisers estimating that between $26-$27 million has been raised from investors.
Ex-AG: Don’t let ‘proper’ FTX collapse probe slide
A former attorney general yesterday warned The Bahamas against letting a “proper probe” into FTX’s implosion slide because of its perfect score in the financial crime fight and Sam Bankman-Fried’s departure.
Bahamas faces more financial consolidation
Bahamas faces more financial consolidation By NEIL HARTNELL Tribune Business Editor With 40 per cent of Swiss private banks eyeing foreign acquisition targets, a leading accountant yesterday predicted further consolidation in the Bahamian financial serv
$14.5m bond keeps Mortgage Corp open
$14.5m bond keeps Mortgage Corp open By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation (BMC) has placed a $14.5 million bond vital to keep it operating, its chairman telling Tribune Business yesterday that "the public is going to
$14.5m bond keeps Mortgage Corp open
$14.5m bond keeps Mortgage Corp open By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation (BMC) has placed a $14.5 million bond vital to keep it operating, its chairman telling Tribune Business yesterday that "the public is going to
$14.5m bond keeps Mortgage Corp open
$14.5m bond keeps Mortgage Corp open By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation (BMC) has placed a $14.5 million bond vital to keep it operating, its chairman telling Tribune Business yesterday that "the public is going to
Ex-Miss Bahamas accuses Tourism on copyright, $130k
* Khiara Sherman claims song used with no say-so * Copyright infringed in promoting Bahamas to guests * And Ministry ‘breached’ three-year employment deal
A former Miss Bahamas Universe winner-turned-songstress is suing the Ministry of Tourism for allegedly breaching a $130,000 employment contract and violating her copyright. Khiara Sherman, who once represented the Bahamas at the global pageant then-controlled by US president, Donald Trump, is claiming the Ministry failed to obtain permission to use her song, Fly Away With Me, in its multi-million dollar marketing campaigns.
CHAMBER CHIEF TO TACKLE FREEPORT'S BOND 'HEAD ON'
By NEIL HARTNELL Tribune Business Editor The Grand Bahama Chamber of Commerce's newly-elected president yesterday called for the ongoing controversy surrounding Freeport's 'bonded goods' regime to be "resolved once and for all", as licensee complaints ov
ICON-ic product puts Fund administrators 'more on the hook'
While Bahamian fund administrators will be “much more on the hook” than with similar structures, a senior industry executive says the “rewards” from an ICON-ic launch will be worth the risk.
SPEED WEEK CHIEF EYES 2,500-3,000 EXTRA ROOM NIGHTS
By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week's president has estimated that the revival event generated between 2,500-3,000 room nights for the Bahamian hotel industry, describing its economic impact as "quite substantial". While Bahamas S
