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Insurer: 2013 Profits increase ‘for sure’
J. S. Johnson is targeting a “modest single digit” bottom line increase for 2013, its managing director yesterday saying profits would increase “for sure” given reduced claims losses last year.
BISX-listed fund targets 50% cut to vacancy rates
The BISX-listed Bahamas Property Fund is aiming to slash vacancy rates by around 50 per cent at both its flagship properties over the next two years, after seeing its net income for the first nine months last year fall 28 per cent.
World ‘can’t replicate’ multi-billion Freeport infrastructure spend
Freeport is a “Singapore or Hong Kong waiting to be used”, the Grand Bahama Port Authority’s (GBPA) chairman believes, warning that it would be a “travesty” if the Bahamas failed to exploit the city’s existing multi-billion dollar infrastructure investments.
Environmentalist: Oil will change Bahamas instantly
Wall Street will “immediately revise” its opinion on the Bahamian economy’s prospects and fiscal outlook if commercial quantities of oil are discovered in this nation, a local environmental expert believes.
Atlantis group bookings pace up 132% for ‘15
Atlantis’s 2015 group booking pace is up 132 per cent, its top executive said yesterday, with the Paradise Island resort’s booking for the past three months “off the charts”.
Breezes to host doubles tourney
The Bahamas will be out with basically the same team on the court as they did two years ago when the International Club of the Bahamas hosted the first inter-country tennis doubles tournament at Breezes Superclubs.
Bahamas a 'major player' in international cricket tourney
WITH its internal issues resolved and it once again functioning as a local governing body, the Bahamas Cricket Association (BCA) looks to make cricket a major part of the Bahamas 40th Anniversary of Independence celebrations.
National Insurance fund must be protected
THE SEEMINGLY cavalier attitude of this government towards the urgent need to cut costs rather than to add to the deficit by creating more jobs for “the boys”, has left even foreigners concerned for the future of this country.
GB Power’s $32m issue ‘likely oversubscribed’
Grand Bahama Power Company’s (GBPC) $32 million private preference share issue was last night said by capital markets sources to be “pretty much fully subscribed”, with analysts expecting it to exceed its target.
Row over 'poacher' photos
THE ROYAL Bahamas Defence Force yesterday charged that photos of alleged poaching that have been doing the rounds on a social networking website are ‘outdated’.
Gibson: NIB board will carry on
NIB MINISTER Shane Gibson yesterday insisted that the board of the nation’s social security net will carry on with its duties in the absence of a chairman.
GB Power targets 42% profits rise for 2013
Grand Bahama Power Company (GBPC) is projecting that its net income will “improve significantly” by 42.1 per cent this year, rising to $12.331 million on the back of cost efficiencies and its ‘return-based’ tariff structure.
FINCO’s $2.7m New Year present for investors
Finance Corporation of the Bahamas (RBC FINCO) is giving its shareholders a New Year’s present by paying out a total $2.7 million dividend - the first such capital return to investors for three years.
Morality in our Political Policies
If we care for the people of the Bahamas, we must attach the National Health Plan to the referendum for the national lotto...
FNM chair: BFS IPO should be 25-30% stake
The FREE National Movement’s (FNM) chairman has criticised the Government for mandating that only a 15 per cent stake in Bahamas Food Services (BFS) be sold to the Bahamian public, telling Tribune Business any initial public offering (IPO) should involve at least 25-30 per cent of the company’s equity.
Benefits payout fall offsets FamGuard’s 58% annuity decline
FamGuard Corporation has unveiled a flat year-over-year net income for the 2012 third quarter and first nine months, with a 57.6 per cent drop in annuity deposits offset by a $4.5 million decline in net poliyholder benefits.
Campaign estimates tax income
THE government will gain as much as $70 million from a legalised numbers industry, according to organisers of the vote “yes” campaign yesterday.
Banks restructure $606m in loans over 12 months
Commercial banks have restructured $606 million worth of troubled loans within the last 12 months, a leading accountant said yesterday, warning that the sector could not be expected to stimulate the Bahamian economy through “aggressive lending” as long as credit kept falling into arrears.
Wholesalers hope Sysco leaves food retail for locals
WITH the Bahamas Food Services/Sysco deal moving forward, one Bahamian wholesaler yesterday expressed hope that Bahamian-owned suppliers could survive if the Texas-based distribution giant stuck to serving the hotel industry.
Economic awakening from the ‘bottom up’
Bahamian policymakers have long focused on ‘top down’ economic strategies to improve tourism, financial services and construction for almost 40 years.
