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Government 'close' on initial BTC deal
September 01, 2010
Government 'close' on initial BTC deal
By NEIL HARTNELL
Tribune Business Editor
The Government was yesterday said to be "close" to signing an initial agreement - known as an 'agreement in principle' - to sell a majority stake in the Bahamas Telecommunications Company (BTC) to Cable & Wireless, with its privatisation committee making good progress in talks with the regional telecoms operator.
Sources close to developments told Tribun...
'Chance' 20 per cent loan default mark reached
September 03, 2010
'Chance' 20 per cent loan default mark reached
The Clearing Banks Association's (CBA) head yesterday told Tribune Business there was "a chance" commercial bank loan delinquencies could break the 20 per cent mark, adding that increasing uncertainties over the global economic recovery had prompted Bahamian institutions to extend their stress testing models "well into 2012".
Paul McWeeney, who is also Bank of the Bahamas International's managi...
Have you tried our DAILY DOSE
August 31, 2010
Have you tried our DAILY DOSE
Perhaps you read us via out weekly news update mailer that we send to you via email each Friday? This allowing you time to catch up on the news of the past week. Super!
But
do you know that many people view us daily? Our website is updated as news comes in, and additions are being made at any time of the day or night by our News Team.
Why not
set us as your Home Page and try a Daily Dose...
September 02, 2010
'Draconian' asset discounts 'unsuitable' for the Bahamas
By NEIL HARTNELL
Tribune Business Editor
The one-year deadline extension for the Bahamian insurance industry to comply with the new Insurance Act's regulations was welcomed yesterday, one leading insurer telling Tribune Business that some stipulations were "unsuitable" for the Bahamian market and result in major falls for public company share prices. Steve Watson, RoyalStar Assurance's managing ...
September 03, 2010
Letter: Cabinet support for McCartney irrelevant in any leadership fight
EDITOR, The Tribune.
Sometime ago while going to the office, I stopped at the gate for the newspaper, opened it and was accosted by this blaring headline, "Branville lacking Cabinet support" and followed by the comment that his only followers were not Party supporters, thus giving the impression that he didn't have a chance if he opposed Hubert Ingraham as party Leader.
I smiled because this is ...
Government gets involved on Baha Mar's 200m loan
September 05, 2010
Government gets involved on Baha Mar's 200m loan
By NEIL HARTNELL
Tribune Business Editor
The Government, through Prime Minister Hubert Ingraham's Office, has moved to broker a resolution to the 'impasse' between Baha Mar and Scotiabank over the former's $200 million outstanding loan, sources told Tribune Business, the issue being the main obstacle to the $2.6 billion Cable Beach redevelopment.
This newspaper was told that the Government had ...
September 07, 2010
Study estimates more than 10,000 Bahamians over 15 can't read
The Institution of Statistics of the United Nations' Educational and Scientific Organization (UNESCO) estimated the number of adults in The Bahamas over the age of 15 who were unable to read and write to be over 10,000. It is believed that present day figures are higher.
Project Read Receives Much Needed Face Lift
September 09, 2010
Project Read Receives Much Needed Face Lift
After nearly two months of planning and preparation, friends and members of the Rotary Clubs of East Nassau, Bahamas and the Rotary Club of Joplin, Missouri, USA, partnered in a Rotary International Community Service
Project. The Rotarians spent a weekend at Project Read where they successfully renovated a staircase, and built a new entrance to the building, ultimately making it a safer place. Ac...
September 09, 2010
Downtown Nassau Partnership: Shipping move will usher in new era for historic Nassau
Nassau, Bahamas - The long-awaited
transformation of historic Nassau
moved a step closer to reality this week with a single newspaper ad: a job
opening for a managing director for the Arawak Port Development Company.
"The
search for a managing director for the new shipping facility means the
long-awaited move of container shipping out of downtown Nassau is becoming
reality," said Vaughn Roberts, ...
Policing the inner self
September 09, 2010
Policing the inner self
By Pastor A. Leonard Johnson
President, Bahamas Conference
of Seventh-day Adventists
For The Guardian
Given the unacceptable level of crime and vice in our community, the discussion regarding what is becoming of our society continues. You listen to the talk shows and read the same concerns in the newspapers. And rightly so, there is a need to address this major wave of lawlessness, as it affects a...
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