"%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BDTALK%3APC90%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%EF%BF%BD%3Awww.za32.net" | Search

Multi-billion public pension ‘nightmare’

THE Chamber of Commerce’s chairman yesterday branded the multi-billion public pension deficit a “nightmare”, while arguing the Bahamas would not hit IMF growth forecasts “in our current state”.

Unlocking Eleuthera's rich history and culture

There is no doubting the treasures of Eleuthera and Harbour Island, which are found in their miles of coastline, pink sand beaches, sweet pineapples and unique architecture. While rich in history, the island offers an even greater learning experience

Development Bank fund ‘sinking’: Covers 1/3 of $46m bonds

* Just 28.4% of loans ‘performing’ * Accumulated losses over $60m * Solvency deficiency at $31.31m

THE Bahamas Development Bank’s (BDB) ‘sinking fund’ covered just one-third of its $46 million outstanding bond debt at year-end 2016, with only 28.4 per cent of its loans ‘performing’. The BDB’s 2016 financial statements, tabled in the House of Assembly in Wednesday by the Prime Minister, reveal the parlous state of another state-owned enterprise (SOE) that has racked up more than $60 million in losses for the Bahamian taxpayer during its 43-year existence.

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.

CIBC FirstCaribbean explores US listing

CIBC FirstCaribbean’s parent yesterday confirmed its subsidiary is exploring a US stock exchange listing, a move likely to stoke speculation of a Canadian bank withdrawal from the region.

Bahamas ‘on probation’: 17-step action plan cure

The Government has detailed a 17-step ‘action plan’ to strengthen the Bahamas’ anti-money laundering regime, with a top regulator describing this nation as “on probation” over increasing weaknesses.

Property Fund ‘gap’ as PwC to vacate Providence House

THE BISX-listed Bahamas Property Fund is preparing for temporary vacancy at its last fully-occupied property, following a $2.206 million third quarter hit caused by a timing adjustment.

Condo complex crippled by RBC account closure

AN Abaco condominium association yesterday accused Royal Bank of Canada (RBC) of leaving it financially crippled due to the “unexplained” closure of its account.Dan Proctor, chairman of Treasure Cay’s Atlantis Condominiums Complex, told Tribune Busin

'No celebration' as deficit shrinks 22%

The 22 per cent reduction in the Government’s first quarter deficit was “exactly what we want to see”, a governance reformer said yesterday, while warning celebrations are premature.Robert Myers, a principal with the Organisation for Responsible Gove

Bahamas 'done everything possible' to avoid blacklist

THE Deputy Prime Minister believes the Bahamas has “done everything we could possibly do” to escape the European Union (EU) ‘tax haven’ blacklist that will be issued tomorrow.K P Turnquest told Tribune Business that the Minnis administration “has no

Bahamians warned: All must pay for NHI

ALL Bahamas residents must “contribute” to the National Health Insurance (NHI) scheme’s financing to ensure its sustainability, its chairman warned yesterday.Dr Robin Roberts said the newly-appointed NHI Authority had effectively been given a ‘blank

Dying? Financial sector is ‘dynamic’

THE financial services sector in The Bahamas is “vibrant and dynamic,” former Prime Minister Hubert Ingraham said yesterday.

EDITORIAL: ECONOMIC REFORM AND WTO ACCESSION

The phrase “it’s the economy, stupid” has entered the US political lexicon. It was coined to encourage staffers in the Clinton presidential campaign in 1992 to concentrate on what was considered to be most important. The state of the economy is always a major issue in an election and our own poll last May was no exception, though other factors like corruption and poor governance were also significant.

The Tribune

All results / Stories

Sort By

Date

Authors

Multi-billion public pension ‘nightmare’

Unlocking Eleuthera's rich history and culture

Development Bank fund ‘sinking’: Covers 1/3 of $46m bonds

* Just 28.4% of loans ‘performing’ * Accumulated losses over $60m * Solvency deficiency at $31.31m

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

CIBC FirstCaribbean explores US listing

Bahamas ‘on probation’: 17-step action plan cure

Property Fund ‘gap’ as PwC to vacate Providence House

Condo complex crippled by RBC account closure

'No celebration' as deficit shrinks 22%

Bahamas 'done everything possible' to avoid blacklist

Bahamians warned: All must pay for NHI

Dying? Financial sector is ‘dynamic’

EDITORIAL: ECONOMIC REFORM AND WTO ACCESSION

Bahamas Showcase: Catamounts get 66-64 win over Norsemen

J. S. Johnson profits 'dampened' by 40%

Inaugural Bahamas Showcase set for this weekend

Tough questions needed at Cable Bahamas' AGM

'We are part of US opioid problem'

Investors ‘amazed’ over BOB’s first profit in 5 years

Deal done with UAE to bring solar power to stadium lot

Special Features

Obits

PDF Edition