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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.

QC: Is Gov’t admitting ‘fiscal irresponsibility’?

An outspoken QC yesterday questioned whether the Government has confessed to “fiscal irresponsibility and negligence”, after a Cabinet minister asserted that revenues collected from Freeport are insufficient to meet public expenditures in the city.

TOUGH CALL: Energy reform is just all hot air in The Bahamas

EVER since Dr Marcus Bethel was named Minister for Energy and the Environment in 2006, during the first Christie administration, we have been hearing about energy reform.

SPORTING MISCHIEF & MAYHEM: The day Wilt the Stilt and the Bears made their point

CHRISTMAS is fast approaching - the equivalent of the Super Bowl for ‘shopaholics’ like my wife.

Bahamian fall in Baha Mar queue ‘terrible’

The Bahamian Contractors Association’s (BCA) president has slammed the industry’s fall in the Baha Mar creditors queue as a “terrible situation”, which will make it harder to recover the collective $74 million owed to the sector.

Babak ‘divorce’ to unlock GBPA sale

An outspoken QC yesterday pronounced himself “absolutely thrilled” to learn that the Grand Bahama Port Authority’s (GBPA) feuding owners seemed to have united and finally “divorced” themselves from ex-chairman, Hannes Babak.

Christmastide with Bel Canto

THE Bel Canto Singers present their popular traditional “Christmastide” concert this weekend with two performances – at the Old Fort Bay Club on Friday and the St Andrew’s Presbyterian Kirk on Saturday.

Chamber to hold Gov’t ‘feet to fire’

The private sector yesterday pledged to keep the “Government’s feet to the fire” over its stewardship of the public finances, as the fiscal deficit for the 2015-2016 year’s first quarter fell by 34.2 per cent.

Bahamas faces ‘new frontier’ over tax information exchange

The Bahamian financial services sector was yesterday said by an ex-Cabinet minister to be facing another “new frontier”, this time the Organisation for Economic Co-operation and Development’s (OECD) Common Reporting Standard.

Does government plan to go into health insurance business?

ACCORDING to PLP Chairman Bradley Roberts the Bahamas’ private insurance companies want to form their own “monopolistic cartel with unfettered powers to raise premiums to ensure profits.” Mr Roberts claims that the private companies want no government involvement in universal health insurance, the implementation of which is only a month away.

‘Distressing’ NHI threat to 60% of FamGuard revenue

Family Guardian’s president fears the “worrisome and distressing” National Health Insurance (NHI) uncertainty will threaten a business that accounts for 60 per cent of his top-line.

Insurer: ‘No concern’ on first $326k VAT expense

Family Guardian’s president says he has seen “nothing to warrant any concern” from Value-Added Tax’s (VAT) imposition on insurance, despite the levy adding $326,000 to third quarter expenses.

Joaquin insurance loss stands at $14m

The Bahamian insurance industry is currently pegging gross losses caused by Hurricane Joaquin at $14 million, a sum equivalent to just 23 per cent of the initial $60 million damages estimate.

Joaquin claims give rise to VAT dispute

The Government is at odds with the insurance industry over the recovery of Value-Added Tax (VAT) paid on Hurricane Joaquin claims, Tribune Business can reveal, with some believing the Christie administration has changed a previously-agreed position.

‘A stake through the heart’ of commerce

The Government was yesterday warned that it will “drive a stake through the heart” of the business community if it forges ahead with plans to eliminate the Employment Act’s ‘cap’ on redundancy pay.

Transparency boost: End to BEC ‘public service mentality’

The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday expressed hope that the elimination of “the public service mentality” will ensure the ‘new BEC’ hits its legal financial reporting targets.

Iesha ousted in quarters at Goombay Splash Bowl

Iesha Shepherd, the last Bahamian playing in the main draw of the International Tennis Federation’s Goombay Splash Bowl, got ousted in the quarter-final of the girls’ singles after putting up a gallant effort against top ranked Jacqueline Pelletier of the US.

The Tribune

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