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Bahamas’ debt to ‘stabilise’ near 70%
The Bahamas’ debt-to-GDP ratio is expected to hover near the IMF”s 70 per cent ‘danger threshold’ in 2016, although an international credit rating agency believes it has “stabilised”.
Court: ‘No deal’ for 25,000 acre property
An $11.5 million deal to purchase the 25,000 acre property that was once Long Island’s largest employer cannot be concluded because there was never “an enforceable sales contract”, the Privy Council ruled yesterday.
Broker clients want right to sue for $25
By NEIL HARTNELL Tribune Business Editor Clients of a failed Bahamian broker/dealer are seeking a Supreme Court order that would assign them the right to sue those deemed responsible for their collective $24.5 million loss, fearing they may lose forever
Wind farm targets 2013 'commission'
By NEIL HARTNELL Tribune Business Editor A renewable energy provider is looking to "commission" its Eleuthera wind farm by early 2013, having invested $250,000 in completing the first project phase involving the construction of a Meteorological tower. Th
BAHAMAS TO BECOME 'CRUISE NO.1' IN 2012
By NEIL HARTNELL Tribune Business Editor The Bahamas is expected to "exceed" and surpass Cozumel as the Caribbean's leading cruise destination if it maintains its current growth rate, the minister of tourism said, with 2011 stopover visitors to this nati
AIRLINE HOPES LPIA WOES STAY BELOW $100,000
By NEIL HARTNELL Tribune Business Editor A leading Bahamian-owned airline yesterday said it was hoping that extra fuel and overtime costs incurred due to delays at Lynden Pindling International Airport (LPIA) over the Christmas-New Year week did not hit
TAX RETURNS PAY FOR $44M DREDGE IN JUST '1.5 YEARS'
By NEIL HARTNELL Tribune Business Editor The $44 million Nassau Harbour dredging costs will be paid back in full within one-and-a-half years in taxes alone, the minister of tourism yesterday telling Tribune Business that any impact on the Bahamas' cruise
Bahamas sees 'phenomenal' 11% airlift rise
By NEIL HARTNELL Tribune Business Editor The Bahamas saw a "phenomenal" 11 per cent increase in airlift capacity year-over-year for February 2012, the minister of tourism and aviation yesterday saying this trend reflected "growing visitor demand" and was
GB airlift solution 'not instant coffee'
By NEIL HARTNELL Tribune Business Editor Contracting Bahamasair to solve Grand Bahama's airlift woes "will not be instant coffee", the minister of tourism and aviation conceded yesterday, adding that his ministry's plans were merely "rebuilding the infra
1,200 room loss left Bahamas as 'most exposed' in Caribbean
1,200 room loss left Bahamas as 'most exposed' in Caribbean By NEIL HARTNELL Tribune Business Editor The Royal Oasis and Nassau Beach Hotel closures left the Bahamas as the "most exposed destination by far" in the Caribbean when the recession hit, the
Gov't: No success on new Royal Oasis deal
Gov't: No success on new Royal Oasis deal By NEIL HARTNELL Tribune Business Editor The Government's efforts to encourage a deal that would see Grand Bahama's still-closed 840-room Royal Oasis resort change ownership have yet to bear fruit, the minister
CARIBBEAN FIRM TO TAKE OVER TOP TOUR DESTINATION
By NEIL HARTNELL Tribune Business Editor A leading New Providence tourist attraction is set to be transformed into a "first class destination" via an investment worth "millions" of dollars, Tribune Business can reveal, with its Bahamian owners set to sel
BAHAMAS 'WELL BUFFERED' OVER CARRIER FALLOUT
By NEIL HARTNELL Tribune Business Editor The Bahamas is "well buffered" against any potential fallout from moves by American Eagle's parent to slash its workforce by up to 13,000, Tribune Business was told yesterday, the airline being among four-five car
Aviation industry 'not given its due'
Aviation industry 'not given its due' By NEIL HARTNELL Tribune Business Editor Developing a Bahamian aircraft registry could ultimately lead to spin-offs such as a "maintenance facility equivalent in size to Miami", an attorney yesterday urging: "Now is
Accountants choose Bahamian for report
Accountants choose Bahamian for report Bahamian forensic accountant, John Bain, has been selected to participate in a defining webinar hosted by the Association of Chartered Certified Accountants (ACCA) to develop the organisation's integrated report, pa
Accountants choose Bahamian for report
Accountants choose Bahamian for report Bahamian forensic accountant, John Bain, has been selected to participate in a defining webinar hosted by the Association of Chartered Certified Accountants (ACCA) to develop the organisation's integrated report, pa
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
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