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PM told: ‘Stop throwing rocks’ at Port Authority

A group of Grand Bahama Port Authority (GBPA) licensees plans to intervene in its escalating dispute with the Government as the Prime Minister was yesterday urged to “stop throwing rocks and come to the table”.

Marina operator says: ‘We’re not better deal’

Marina operators are still voicing concern about The Bahamas’ prospects for the upcoming winter boating season, with one telling Tribune Business: “We’re not a better deal.”

Early 2024 start to protect Junkanoo Beach’s $8.2m

Nassau harbour’s breakwaters will suffer “total failure” if not repaired, it was revealed yesterday, with additional shoreline protection works required to protect Junkanoo Beach’s $8.2m impact and 150 jobs.

Fidelity’s $500k behind but ‘still on $25m track’ despite falling

Fidelity Bank (Bahamas) is “still on track” to deliver $25m in full-year profits despite falling $500,000 behind pace at the 2022 half-way mark, its top executive said yesterday, as he looks to merchant services to close the gap.

Central Bank: Investors no longer ‘tepid’ on Gov’t debt

The Government’s domestic debt issues were fully subscribed for the first time in almost three years during the 2022 second quarter, the Central Bank has revealed, arguing that “tepid investor sentiment” has been reversed.

Delinquent mortgage buyer gives insurer $8m ‘windfall’

A Bahamian insurer yesterday said it is targeting a 15 percent profit increase for 2022 once the $8m “one-off windfall” it enjoyed last year from its investment in a delinquent mortgage buyer is stripped out.

AML’s ‘20% shrink’ drives profit tripling

A BISX-listed food retail group yesterday said it had slashed shrinkage by 20 percent compared to the first half as it closed its 2019 financial year by more-than tripling final quarter profits.

‘Don’t imperil’ citizens over taxation reforms

Tax reform must “not imperil” the Bahamian private sector and citizens, a governance reformer is warning, adding that income taxation is not a cure-all for the country’s fiscal and economic woes by itself.

VAT’s ‘real’ 15% rise since January’s cut

The Davis administration last night said real VAT revenues increased by 15.1 percent year-over-year following the New Year’s Day rate cut with the deficit for the 2022-2023 fiscal year’s first quarter slashed by $116.4m.

FTX’s Bahamas creditors unlikely to see full recovery

FTX’s newly-appointed chief executive yesterday asserted that corporate governance was non-existent at its Bahamian subsidiary, adding: “Never have I seen such a complete failure of controls in my 40-plus years.”

BISX-listed fund targets asset-doubling to $100m

A BISX-listed fund is reviving ambitions to “more than double” total assets to over $100m by “looking more aggressively” for property acquisitions following its recent preference share refinancing.

Property insurance costs ‘no doubt’ higher in 2023

Bahamian families and businesses were yesterday warned that property insurance costs will “no doubt be higher” in 2023 even though the country “dodged a bullet” with Hurricane Nicole.

Chelsea beat Tottenham 5-1, reach FA Cup final

By STEVE DOUGLAS AP Sports Writer LONDON (AP) -- Chelsea sealed a meeting with Liverpool in the FA Cup final after thrashing London rival Tottenham 5-1 at Wembley Stadium yesterday thanks to some ruthless finishing and a controversial goal that will reign

BTC to 'exceed' $60- $80m earnings goal

BTC to 'exceed' $60- $80m earnings goal By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC) will beat its $60-$80 million operating income projections for 2012 after generating cost savings faster than anticipated, alth

Aliv ‘set for success’ with $55m refinance

Cable Bahamas’ top executive yesterday asserted that an “up to” $55m refinancing package agreed with the Government will “set up Aliv for future success”.

RoyalStar: 15% of profits from ‘bad mortgage’ link

RoyalStar is aiming to “diversify” by building a closer relationship with its mortgage restructuring affiliate, its top executive yesterday revealing this will generate 10-15 per cent of its profits within the next three years.

Bahamas face US in fifth place playoff after beating Trinidad

DESPITE being outsized and eventually outmanned on the pitch on Saturday, the Bahamas men's team held off Trinidad & Tobago 5-2, highlighted by two impressive goals from captain Gavin Christie and one each from tournament leading scorer Lesly St Fleur and Gary Joseph, in the CONCACAF Beach Soccer Championship.

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