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Making the judgement on Obama
THE prospects of Barack Obama being re-elected as President of the United States appear to be hanging in the balance. The latest Times/CBS poll in the US shows that the race between him and Republican candidate, Mitt Romney, is essentially tied.
Pastors calling for all gambling to be outlawed
AS the Bahamas Christian Council hits out at the government for rushing a gambling referendum, some local pastors are taking it one step further and calling for all gambling participation – including the participation of tourists in casinos – to be outlawed.
20% poverty gap reduction target
A comprehensive overhaul of the Bahamian social security system could cut poverty rates by 5 per cent, and slash the poverty gap by 20 per cent, an Inter-American Development Bank (IDB) report has forecast.
The illegal immigration issue
AS THE summer heat bears down upon us, so it seems does the unbearable influx of illegal immigrants, for as to quote a Bahamian song, “they coming by boat, they coming by plane, some coming in wheel chair and walking with cane.” Of course, for those familiar with the song, they aren’t coming to “see Theresa, the Bahamian Mona Lisa!”
Bank targeting 50% fee income by 2017
A BISX-listed bank yesterday said fee income would account for 50 per cent of its revenues by 2017, after opting to “bite the bullet” on loan loss provisioning and incur a $389,000 third quarter net loss.
FNM calls for rethink on Rand Memorial project
THE Free National Movement is calling on the Christie Administration to reconsider its decision to cancel the Rand Memorial expansion and improvement project.
Customs inefficiency costing Gov't $66m
The Government is losing $66 million in revenues annually due to inefficiencies at Bahamas Customs alone, the situation also placing tourism industry profitability and foreign direct investment (FDI) inflows “at risk”.
Getting online catches business in your net
Some years ago, companies were facing the all-important question of whether or not to take their business online or not.
Gov't short-term credit 'maxed out'
The Government’s $4.416 billion national debt is “likely to get worse before its gets better”, a key Ministry of Finance adviser telling Tribune Business that key short-term financing facilities have been “maxed out”.
Bahamas' $1.5bn FDI tops small states
The Bahamas’ led all small island developing states (SIDS) by attracting $1.533 billion in foreign direct investment (FDI) inflows in 2011, a UN body’s report has revealed, although a senior private sector official said this nation “needs a bit more” to turn its economy around.
Bahamians ‘not disciplined enough’ to use casinos
ROBERT “Sandy” Sands, senior vice-president of external and governmental affairs at Baha Mar, said yesterday Bahamians are not “disciplined” enough to be able to gamble in casinos locally.
Financial sector urged: 'Water fertile ground'
The Bahamian financial services industry must water the fertile ground created by the Bahamas Financial Services
McKinney joins legalfraternity's move west
McKinney, Bancroft & Hughes yesterday confirmed it had become the latest Bahamian law firm to establish a Lyford Cay satellite
Bahamas Waste profits beat forecast 7%
Bahamas Waste’s $269,784 2012 first quarter net income beat its own internal projections by 7 per cent, Tribune Business was told yesterday, with a $200,000 cash flow increase during the period leaving it well-placed to repeat last year’s dividend this year.
Bahamas 'incredibly well placed' on financial services
Key international intermediaries believe the Bahamas is “incredibly well-positioned” to grow its financial services business, but want this nation to maintain a more “visible” presence in key global markets.
Colina Fund aiming to grow assets up to $5m
COLINA Real Estate Fund’s president yesterday said he was aiming to grow its asset base by up to $5 million, or more than 40 per cent, over the next five years as its moves to expand its property portfolio and diversify rental income streams.
Insolvent broker: $2.76 owed by affiliates 'could alter significantly'
THE sums owed to Owen Bethel's insolvent Montaque Capital Partners by affiliated companies "could differ significantly" from the initial $2.76 million estimate, liquidators for the Bahamian broker/dealer have warned, as they continue to also probe deals linked to Mr Bethel's family.
BISX listing becomes 'recognised standard'
THE Bahamas International Securities Exchange (BISX) is becoming the "recognised independent standard" for valuing securities in this nation, its chief executive dismissing concerns that prices for stocks and other instruments were being distorted by one-off trades.
Brewery targets brand marketing
COMMONWEALTH Brewery maintained its cautiously optimistic outlook at its first shareholders annual general meeting (AGM), following a year in which it paid out 100 per cent of profits in a collective $0.58 per share dividend.
