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Colina Insurance in outlook boost

The Bahamas’ largest life and health insurer yesterday received a boost from the industry’s top rating agency, which upgraded the company’s outlook to ‘stable’ from ‘negative’.

Bahamasair: 20% of subsidy pays off Gov't bills

More than 20 per cent of the $23.476 million taxpayer subsidy granted to Bahamasair in fiscal 2011-2012 went on a money ‘merry go round’ to pay bills the airline owed to its Government shareholder.

Police road checks net 91 Grand Bahama motorists

GRAND Bahama police have cited 91 people for various traffic violations as a result of road check exercises in the past two days.

Fiscal snapshot: $33m revenue increase over 12 months

THE Ministry of Finance yesterday released its fiscal snapshot that showed a $33m increase in revenue over 12 months as the economy continues to rebound.

FATCA seminar to focus on inter gov't approach

The symposium on the US Foreign Account Tax Compliance Act (FATCA) will feature a session on the Intergovernmental Agreements (IGA) introduced as a mechanism for implementing compliance with its demands.

Consumer debt to challenge FINCO

A major mortgage lender has warned it will be increasingly challenged to grow its loan book because COVID-19 has “compounded” the strain for Bahamians already highly leveraged on consumer debt.

Why must we rely on gambling?

Gambling - be it Web Shops, Lottery or what have you! Do we, the Government, have to rely on this social breaker to such a high extent?

Aviation attorney gives aircraft registry update

A Higgs & Johnson partner addressed proposed upgrades to this nation’s aviation regime at the recent International Business and Finance Summit (IBFS) in Bimini.

Open up solar power

Re: Solar Electricity Request for Proposal (RFP) in today’s Tribune.

Commission names new market manager

The Securities Commission of the Bahamas (SCB) has appointed Velma Miller as manager of its market surveillance department with effect from yesterday.

Learn how to play tennis for just $1

THE Bahamas Lawn Tennis Association introduced its $1 Saturday, a new program they intend to run to provide another avenue for youngsters to learn the game of tennis.

INSIGHT: Shining a light on why we’re so slow switching on to solar

The Bahamas is one of the “solar capitals” of the world with more solar irradiation falling on our land than most other countries. In spite of this, the Bahamas has the least amount of solar integration compared with almost any country.

Near $200m energy saving from natural gas switch

The Bahamas would realise between $172-$186 million per annum in “net savings benefits” if it switched to natural gas as its main energy generation source, with this nation’s electricity system costs the highest in the Caribbean.

BISX-listed firm ‘qualified’ for second straight year

A BISX-listed company’s top executive yesterday moved to reassure shareholders after auditors issued a “qualified opinion” on its annual financial results for the second consecutive year over the same issue.

‘Mission critical’ cruise port in $12.38m profit

NASSAU Cruise Port's success was yesterday branded "mission critical" for The Bahamas with 35 percent of the country's economy dependent on a facility that has generated $12.383m in net profits even before its official opening.

S&P: Gov’ts fiscal, economic reforms ‘will take time’ to work

* 1.5% average growth forecast lower than IMF’s * Grand Lucayan closure takes out 7% of rooms * Debt to rise through 2020 to 52% of GDP

THE Government’s fiscal and economic reforms will take time to “pay dividends”, Standard & Poor’s (S&P) warned yesterday, as it took a more ‘bearish’ view of the Bahamas’ growth prospects. The rating agency, in its latest Bahamas country assessment, expressed confidence that the Minnis administration’s fiscal reforms will “arrest the deterioration” in the Government’s deficit and the national debt.

The Tribune

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