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Colina Holdings Bahamas Limited post strong half-year financial results
COLINA Holdings Bahamas Limited (CHBL) has posted strong half-year financial results with a total net income of $6.9 million.
Consolidated Water expected to close on water deal ‘very soon’
BISX-listed Consolidated Water said that it expects to ‘very soon’ close the deal for a 50/50 joint venture 25-year water exclusivity franchise for western New Providence, its President and Chief Operating Officer saying that the company had anticipated closing the transaction on or by June 30.
Bahamas Speed Week organisers targeting 1,200-1,400 room nights
BAHAMAS Speed Week’s president said yesterday that organisers were looking to generate 1,200-1,400 room nights for the Bahamian hotel industry from this year’s event, telling Tribune Business that they were aiming to make Speed Week the biggest ‘must do’ social event on the Bahamian calendar.
November date for Speed Week return
THE dates for Bahamas Speed Week Revival 2012 the country’s biggest annual motor sport event, have been announced.
GAMBLING IN THE BAHAMAS
THE gambling debate in the Bahamas has always been surreal – part of a weird fantasy world that is difficult to navigate with logic.
PM says govt constantly reminding itself of need for fiscal prudence
THE overall fiscal deficit for the ten months to April widened by 27 per cent in comparison to the same period during the previous fiscal year according to the Central Bank’s monthly economic and financial developments for June.
Arianna set for historic final
LONDON, England: Shaking the monkey off her back, Arianna Vanderpool-Wallace turned day seven of the 2012 Olympic Games into an historic one becoming the first Bahamian swimmer to reach a final in swimming in the Women’s 50m Freestyle.
Small business expert: 700 new jobs needed per month for 3 years
The Government yesterday pledged to bring the long-awaited Small and Medium-Sized Business Development Bill to Parliament by January 2013 at latest, as a sector consultant said the Bahamas needed to create 700 net new jobs a month for the next three years to “dent” the unemployment rate.
$7.5M borrowing for social safety net approved
A RESOLUTION to borrow $7.5 million for the government’s Social Safety Net Programme was passed in the House of Assembly yesterday.
BERMUDA'S $18M TARGET POINTS WAY FOR BAHAMAS OVER AIRCRAFT REGISTRY
By NATARIO McKENZIE
Gov't FATCA deal could 'severely compromise' the financial sector
A leading QC has urged the Government not to sign any agreement relating to the US Foreign Account Tax Compliance Act (FATCA) that involves automatic information exchange, warning that doing so would “severely compromise” the Bahamian financial services industry.
Resort bookings 'slow considerably'
Despite the Nassau/Paradise Island resort industry beating June occupancy forecasts by 1.5 per cent, the Bahamas Hotel Association’s (BHA) president last night said the sector remained concerned about anything that could “tamper with an already thin bottom line”, bookings having “slowed considerably” for the upcoming weaker months.
$7.5M allocatd for social safety net reform
THE government will allocate $7.5 million towards necessary social safety net reform, Minister of Social Services Melanie Griffin announced.
Fidelity ‘overwhelmed’ via 75% fund growth
RoyalFidelity Merchant Bank & Trust yesterday said it had seen “overwhelming” 75 per cent growth in its fixed income mutual fund for 2012 to-date, adding that it was “having a hard time” keeping up with the pace of new subscriptions.
$20m dividend to double Gov’t’s BTC return in 12 months
THE Bahamas Telecommunications Company (BTC) has almost doubled the Government’s return on its 49 per cent minority stake in 12 months, its chief executive yesterday saying the company was forecast to pay the Christie administration a further $20 million in dividends this year.
$102m Baha Mar plant 'net project benefit'
Alternatives to the current design of Baha Mar’s proposed $102.3 million Seawater District Cooling (SDC) plant are not viable, its proponent arguing that the project has a “net benefit” and will cause only minimal coral loss in “an already degraded area”.
‘Scumbags’ hit Robin Hood re-opening with $30k theft
Efforts to re-open the former Robin Hood store off Tonique Williams-Darling Highway have hit a ‘major setback’, Mario’s Bowling and Entertainment Palace chief executive, Leslie Miller, telling Tribune Business yesterday that the store had suffered $30,000 in damages after thieves stole six air conditioning units last week.
Women's national volleyball team to face USVI
THE Bahamas looks to continue its takeover of the the US Virgin Islands on the volleyball court as the women’s national team attempts to follow the men’s success.
Fidelity: Refinance drives 9.5% growth in loan portfolio
Fidelity Bank (Bahamas) is on track to beat 2011’s net profit by more than 60 per cent, although its chief executive yesterday said the 9.5 per cent growth in its loan book during the 2012 first half did not come from “originating new credit”.
