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WTO's 'red lines' impossible to set

Business cannot advise the Government on where to set the WTO “red lines” because of an information vacuum, the Chamber of Commerce’s chairman warned yesterday.Michael Maura, pictured, told Tribune Business that the private sector was unable to deter

Bahamas most exposed to external fund pressure

The Bahamas is the world’s most vulnerable tourism-based economy to external financing pressures, a Standard & Poor’s (S&P) study has revealed, and faces “major deterioration” in credit indicators.

Minister: GB poised for six-fold visitor increase

Grand Bahama is poised for a near six-fold increase in visitor arrivals from two projects that will be “the catalyst for tourism’s rebirth” on that island, a Cabinet minister revealed yesterday.Dionisio D’Aguilar, minister of tourism and aviation, to

Briland developer: Ex-manager cost me $2m

A Harbour Island developer says his former $21,000-per month project manager’s “negligence” in failing to obtain key permits has cost him more than $2m and delayed the project by ten months. Michael Wiener, principal of 4M Harbour Island Ltd, is bla

Delinquent homeowner law's $500m 'bottleneck'

Commercial banks are working with the government to remove “bottlenecks” to cutting the industry’s $500m “bad loan” pile that stem from existing protections for delinquent homeowners. Gowon Bowe, the Clearing Banks Association’s (CBA) chairman, this

Hotels pile up 48% rise in revenue

The hotel industry's "most robust performance for 12 years", highlighted by January's 48 percent year-over-year room revenue increase, was maintained for the entire 2019 first quarter.

Ex-AG challenges beneficial owner registry proposal

A former attorney general yesterday challenged the Government’s plan to create a Beneficial Ownership Registry, arguing that it should instead simply expand the existing regulatory regime.John Delaney QC, principal at the Delaney Partners law firm, t

'Taking Nassau from 1.0 to 10.0'

Bahamian institutional investors will be invited to raise 40-50 percent of the cruise port’s $100m bridge financing facility, with its developer pledging yesterday: “We’re taking Nassau from 1.0 to 10.0.” Michael Maura, Nassau Cruise Port’s chief ex

'Music to my ears' WTO 95% unlikely

Super Value’s principal yesterday said it was “music to my ears” to hear the government’s WTO chief negotiator state The Bahamas is almost certainly not joining under this administration.Rupert Roberts, who has vehemently opposed becoming a full Worl

STATESIDE: Could the bureaucrats be the ones who bring the president down?

during Donald Trump’s three-year presidency, many Americans who are repulsed by his buffoonish lack of good manners and arrogant disregard for US law and political custom have comforted themselves with the notion that at least in several areas, a resolute resistance to some of his worst instincts could be found in the form of a perhaps unlikely source.

STATESIDE: ‘Subtext’ in the crisis in Ukraine

ELAINE is a New Yorker who has travelled extensively and worked overseas, including in the Caribbean where she fell in love with The Bahamas. She is definitely “woke.” To describe her as a fervently liberal anti-Trumper is a huge understatement.

STATESIDE: Make no mistake, the game’s already begun before the first votes are cast

These days, it often seems like the United States actually has four major political parties, not just the two-party duopoly which has prevailed for much of the past 100 years. While there have been exceptions like Ross Perot in 1992 and Ralph Nader in 2000, third-party candidates have rarely influenced national election results in recent decades.

INSIGHT: The little things all added together which could mean so much

Among the many poignant testimonials following the loss of well-known pilot Byron Ferguson in a plane crash last month, one touched a particularly important nerve.

‘WE’RE COMING FOR OUR MONEY’: $100m student loan debt forces hiring of collection agency

The Education Loan Authority's (ELA) delinquency recovery rate needs to increase seven-fold, a Cabinet Minister admitted yesterday, with Bahamian taxpayers "on the hook for $100m".

$70m funding gap in ‘worst case’ on NHI

Employers may have to fill a $70m funding gap if the “worst case scenario” for National Health Insurance (NHI) becomes reality, the Chamber of Commerce’s top executive revealed yesterday.

Baha Mar to be sold twice as court process ends

BAHA Mar’s secured creditor has acquired the project from its receivers for a sum “substantially higher” than that offered by the top bidder, with the property essentially being sold twice as part of the process.

Minister warns of 'casualties' from fiscal right-sizing

A Cabinet minister has warned there will be “some casualties”, and that Bahamians will suffer “some pain before there’s gain”, as the Minnis administration tries to combat the growing fiscal crisis.Dionisio D’Aguilar, minister of tourism and aviation

‘Not worth’ pursuing after $700m unpaid PMH fees

AN ex-health minister says “it’s not worth” committing resources to collect legally-mandated user fees from Princess Margaret Hospital (PMH) patients given that $700m-plus remains unpaid.

Knowles celebrity tennis event a blast

MARK Knowles, not yet feeling the effects of being a retired professional tennis player, was pleased with the support he got from his peers for the 12th version of his Celebrity Tennis Invitational that was held at the Atlantis Tennis Center on Paradise Island over the weekend.

'Major jewels' hit spurs bank into 15% consumer loan share

Bank of the Bahamas International yesterday confirmed it had joined the industry trend of focusing on higher-yielding consumer loans, growing these to 15 per cent of its portfolio after the recession hits its “major jewels in the crown”.

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