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BFS acquisition decision 'not delayed much longer'
PRIME Minister Perry Christie said yesterday that the Government’s decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US distribution giant, Sysco, was one that “would not be delayed much longer”.
BLTA to roll out red carpet for Mark Knowles
When Mark ‘Knowlzee’ Knowles returns home on November 17, the Bahamas Lawn Tennis Association intends to roll out the red carpet as they honour the national icon for his distinguished 20-plus years on the International Tennis Federation (ITF) men’s circuit.
BFSB marketing Bahamas in Asia
The Bahamas Financial Services Board (BFSB) is continuing to push this jurisdiction in Asia, using its participation in two major conferences to promote the country’s wealth management advantages.
Mixed feelings after the vote
MARSH HARBOUR, Abaco – North Abaconians are having mixed feelings on the outcome of Monday’s historic by-election which saw the Progressive Liberal Party recapture the seat held by the Free National Movement for 35 years.
Minority investors 'clearly abused' in absence of Takeover Code
Leading institutional investors and brokers have backed plans to implement a Takeover Code as “absolutely essential” to orderly Bahamian capital markets, its absence having led to situations where minority investors were “clearly abused”.
Gomez past may help FNM
If one were to take the Nassau Guardian's front page report on Free National Movement's (FNM) North Abaco candidate at face value, then one would have to conclude that the details surrounding Greg Gomez's employment history raises more questions than answers
Short-term rental activity rises 35%
A Bahamian realtor yesterday said activity in the short-term rental market had increased by 35 per cent during the 2012 third quarter when compared to the first half, telling Tribune Business this market could be “more lucrative” than its long-term counterpart.
Bahamas 'ahead of curve' with trust legislation
The Bahamas is “ahead of the curve” in the trust and estate planning sector thanks to 2011’s legislation upgrades, a leading attorney telling Tribune Business they would enable this nation to go “head to head” with rival jurisdictions.
Bahamas' GDP per capita fell 11.2% during recession
The Bahamas’ economic output per person declined by a total 11.2 per cent, or almost $3,000, between 2007-2011, Standard & Poor’s (S&P) warning that this “lags the growth rates” of countries with similar sovereign credit ratings.
Economic recovery not strong enough to dent unemployment
The Bahamas’ economic recovery to-date has not been strong enough “ to achieve substantial gains in employment and a broadening of private sector demand”, the Central Bank noting that commercial bank loan arrears had almost hit the 20 per cent mark.
Davis signs in Hungary
The professional basketball journey continues for Bennet Davis who joins his latest franchise, his second appearance in Hungary in the Division A League.
AML: 148% profit increase aided by same store sales
AML Foods yesterday said an 8-9 per cent same-store sales increase helped to grow its second quarter profits by 148.4 per cent before pre-opening costs, as it braces for an anticipated “banner year” in 2013.
FATCA's huge 'cost burden' for Bahamian institutions
While the US Foreign Account Tax Compliance Act (FATCA) represents a “huge cost burden” for Bahamas-based financial institutions, a well-known attorney said the industry can remain competitive by focusing on “quality service” and responding quickly to client needs.
BTC unveils its internet upgrades
THE Bahamas Telecommunications Company (BTC) will spend another $60 millionplus to upgrade its land-line service in a bid to win back residential users and create the fastest Internet service in the country. Fresh off the heels of a $40 million-plus investment that netted an 800 per cent increase in data usage following transformation of its mobile network, BTC’s chief executive said the company is spending another $60-plus million to upgrade landline service.
Halkitis: Balanced approach to avoid downgrade
MINISTER of State for Finance Michael Halkitis said the government is taking a “balanced approach” to growing the economy and better managing expenditure in an effort to prevent a downgrade of the Bahamas’ sovereign credit rating.
Bahamas close to covering 50% of infrastructure gap
The Bahamas is close to covering 50 per cent of the $2.1 billion infrastructure gap identified five years ago by a leading accounting firm, a senior executive yesterday saying it will be impossible for this nation to meet all its needs without private investment capital.
Arawak Port 'right in line' via 31,000 volume
Arawak Port Development Company’s (APD) potential $45 million private placement is unlikely to take place until the New Year, Tribune Business was told yesterday, with the 31,000 twenty-foot equipment units (TEUs) handled since April putting its container volumes ahead of projections.
Doctors: Patient days down 25% from 2010
Doctors Hospital Health Systems yesterday told Tribune Business it was “in the third year of a downward trend”, with patient days off 25 per cent compared to 2010 as it eyes “measurable growth” from its re-opening Bahamas Medical Centre.
Consultant: 'I've lost 50% of my client base'
A leading small business consultant told Tribune Business he has “lost at least 50 per cent” of his client base over the last three years, as he urged potential microlenders to focus on the technology, manufacturing and creative sectors.
