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ROADS COMPENSATION 'SMOKE AND MIRRORS'
By NEIL HARTNELL Tribune Business Editor A leading businessman yesterday said there was "no Christ way on God's green earth" that the Progressive Liberal Party (PLP) would be able to fully compensate every business affected by the New Providence Road Imp
NEW ATLANTIS DEBT FOR EQUITY SWAP 'MOVING VERY FAST'
By NEIL HARTNELL Tribune Business Editor One or more fellow Kerzner International lenders will join Brookfield Asset Management in taking over ownership of the developer's Paradise Island resorts in a revised 'debt-for-equity' swap, Tribune Business can
NEW ATLANTIS DEBT FOR EQUITY SWAP 'MOVING VERY FAST'
By NEIL HARTNELL Tribune Business Editor One or more fellow Kerzner International lenders will join Brookfield Asset Management in taking over ownership of the developer's Paradise Island resorts in a revised 'debt-for-equity' swap, Tribune Business can
NEW ATLANTIS DEBT FOR EQUITY SWAP 'MOVING VERY FAST'
By NEIL HARTNELL Tribune Business Editor One or more fellow Kerzner International lenders will join Brookfield Asset Management in taking over ownership of the developer's Paradise Island resorts in a revised 'debt-for-equity' swap, Tribune Business can
NEW ATLANTIS DEBT FOR EQUITY SWAP 'MOVING VERY FAST'
By NEIL HARTNELL Tribune Business Editor One or more fellow Kerzner International lenders will join Brookfield Asset Management in taking over ownership of the developer's Paradise Island resorts in a revised 'debt-for-equity' swap, Tribune Business can
NEW ATLANTIS DEBT FOR EQUITY SWAP 'MOVING VERY FAST'
By NEIL HARTNELL Tribune Business Editor One or more fellow Kerzner International lenders will join Brookfield Asset Management in taking over ownership of the developer's Paradise Island resorts in a revised 'debt-for-equity' swap, Tribune Business can
ROADS COMPENSATION 'SMOKE AND MIRRORS'
By NEIL HARTNELL Tribune Business Editor A leading businessman yesterday said there was "no Christ way on God's green earth" that the Progressive Liberal Party (PLP) would be able to fully compensate every business affected by the New Providence Road Imp
Development Bank fund ‘sinking’: Covers 1/3 of $46m bonds
* Just 28.4% of loans ‘performing’ * Accumulated losses over $60m * Solvency deficiency at $31.31m
THE Bahamas Development Bank’s (BDB) ‘sinking fund’ covered just one-third of its $46 million outstanding bond debt at year-end 2016, with only 28.4 per cent of its loans ‘performing’. The BDB’s 2016 financial statements, tabled in the House of Assembly in Wednesday by the Prime Minister, reveal the parlous state of another state-owned enterprise (SOE) that has racked up more than $60 million in losses for the Bahamian taxpayer during its 43-year existence.
PRIVATE SECTOR LOAN DEFAULTS HIT $301M
By NEIL HARTNELL Tribune Business Editor Almost one-third of commercial bank loans to Bahamian businesses are in arrears, something the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman described as a sign that economic recovery
Liquidation reforms to give nation advantage
By NEIL HARTNELL Tribune Business Editor Reforms to the Companies Act's liquidation regime that deal with assets held in trust are "very progressive" and give the Bahamas a competitive advantage over its main Caribbean international financial centre riva
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.
Broker blames SEC battle on regulator’s ‘inaction’
A Bahamian broker/dealer has blamed the Securities Commission’s “inaction” for creating its dispute with US regulators over their document production demands.
Price control proposal like ‘Gestapo tactics’
The Bahamas Chamber of Commerce (BCCEC) warned yesterday that any Government move to force businesses to reduce prices in line with import duty cuts would be akin to “economic dictatorship” and “Gestapo tactics”.
Water Corp: $1.2m claim was resort financing ploy
The Water & Sewerage Corporation has defeated a $1.227m damages claim for trespass that it alleges was merely a ploy attempting to force it to finance a planned Andros eco-resort.
FAILED BROKER IN '16 REGULATORY BREACHES'
By NEIL HARTNELL Tribune Business Editor The Securities Commission uncovered 16 alleged regulatory breaches during an on-site inspection of Caledonia Corporate Management less than one year before its $25 million collapse, Tribune Business can reveal, th
Bahamas sees 'phenomenal' 11% airlift rise
By NEIL HARTNELL Tribune Business Editor The Bahamas saw a "phenomenal" 11 per cent increase in airlift capacity year-over-year for February 2012, the minister of tourism and aviation yesterday saying this trend reflected "growing visitor demand" and was
$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
PUTTING BEST FACE FORWARD
By Deidre M. Bastian Do you find yourself staring at another designer's logo and immediately trying to decipher what typeface or font they used? If you are a designer, it is probably an inevitable habit. However, there are no hard and fast rules to help
