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Govt structure aids financial services Immigration ‘lever’
The Government’s has been praised for bundling Immigration with financial services in the same ministerial portfolio, a senior executive suggesting it would help “leverage real international business” for the Bahamas.
Arawak port predicts near-$3m profit fall
ARAWAK Port Development Company (APD) was 11 per cent ahead of profit projections for its 2018 first quarter, despite forecasting a near-$3 million decline for the full-year.The BISX-listed Nassau Container Port (NCP) operator revealed in its annual
Fidelity targets 10 per cent profit rise for 2018
FIDELITY Bank (Bahamas) is targeting 10 per cent net income growth for 2018 as consumer loan expansion continues to compensate for mortgage book contraction.Gowon Bowe, the BISX-listed commercial bank’s chief financial officer, told Tribune Business
Atlantis enjoys 15% cash flow jump by Disney/Vegas tie
Atlantis is closer to marrying Disney World and Las Vegas than “any other property in the world”, with net cash flow having increased by 15 percent since its current owner’s 2012 takeover.Morningstar Credit Ratings, the investment analysis firm, in a
BOB chief: ‘Formula we don’t really want’
Bank of The Bahamas’ managing director says a shrinking loan book, combined with rising deposits and cash, is “a formula you don’t really want” for sustained long-term profitability.
Central Bank: Inflationary pressure to be ‘contained’
The Central Bank yesterday forecast that “inflationary pressures will remain contained” while The Bahamas’ foreign currency reserves will close 2022 above “international benchmarks”.
Doctors targeting 23% capital investment rise
By NEIL HARTNELL
'Embrace new era' with investor citizen plan
By NEIL HARTNELL
Bahamas must 'cast its net beyond tourism'
The Bahamas must “cast its net beyond tourism” to grow and diversify the economy, a private sector executive describing this as a key step in attracting more qualified professionals/university graduates back to this nation.
Brewery succeeds in $1.2m tax challenge
Commonwealth Brewery has revealed it successfully challenged a $1.156m tax demand by the Government and is now awaiting its response to the arbitration ruling.
Colina General had $2m asset deficiency
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, Tribune Business can reveal.
LPIA operator leaves its COVID debt woe behind
The Bahamas' major airport continues to leave its COVID debt woes behind it with the coverage ratio stipulated by its lenders now healthier than it has even been since the pandemic started.
Cable losses hit $16.7m amid wait for growth pay-off
Cable Bahamas suffered a 12.5 per cent increase in annual net losses to $16.658 million for 2016, driven by Hurricane Matthew-related repair costs and the wait for expansion investments to pay off.
National debt breaks $10bn
The Government last night confirmed that The Bahamas’ national debt had breached the $10bn mark due to the borrowing blow-out inflicted by the combination of COVID-19 and Hurricane Dorian.
COB worker ‘took home extra $600,000 in pay’
FORMER College of The Bahamas employee Chimeka Gibbs took home just over $600,000 in extra payroll deposits from 2009 to 2015, Supreme Court jurors heard yesterday.
Breadbasket items list to include healthier goods
HEALTH Minister Dr Duane Sands has promised more healthy changes are on the horizon for the breadbasket list - after wide public consultation.Dr Sands underscored the Minnis administration’s commitment to fully vetting proposed changes, adding they w
Bahamas Waste chief hails ‘best year in 30-year history’
Bahamas Waste’s chairman has hailed the company’s “best year in its 30-year history” after 2018 profits soared 18 percent year-over-year to $1.348m.
Doctors targets stem cell therapy launch
DOCTORS Hospital plans to launch stem cell therapy and enter the primary healthcare market during its current financial year, after profits for the year to end-January 2017 increased five-fold.
FOCOL 'WELL PLACED' FOR IMPROVED 2012
By NEIL HARTNELL Tribune Business Editor FOCOL Holdings yesterday said it was "well-positioned to improve our financial results for 2012", with previously-implemented initiatives to boost operational efficiencies expected to bear fruits that will filter
Robin Hood's replacement 'as big as before'
MARIO'S Bowling and Entertainment Palace chief executive, Leslie Miller, told Tribune Business yesterday that negotiations to re-open th
