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Correspondent de-risk threatening 25% of Bahamas institutions

The Central Bank’s chief inspector warned yesterday that 25 per cent of its licensees will find it “difficult” to maintain existing correspondent banking relationships, even though the Bahamas has not been exposed to “wholesale vulnerability” yet.

STRAW VENDORS SEE '200% SALES RISE' ON WHARF

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net STRAW vendors said yesterday that their greater visibility along Prince George Wharf has increased sales volumes, with one vendor telling Tribune Business business was "200 per cent

BAHAMAS AND CANADA TIEA 'WILL CEMENT RELATIONSHIP'

THE Tax Information Exchange Agreement (TIEA) between the Bahamas and Canada which came into force last week "will further cement the relationship between the two countries" it was stated yesterday. In a bulletin from the law firm of Higgs and Johnson it

BAHAMAS AND CANADA TIEA 'WILL CEMENT RELATIONSHIP'

THE Tax Information Exchange Agreement (TIEA) between the Bahamas and Canada which came into force last week "will further cement the relationship between the two countries" it was stated yesterday. In a bulletin from the law firm of Higgs and Johnson it

Gov't awaits Kelly property proposal

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The government is awaiting a proposal for the redevelopment of the Kelly property in downtown Nassau after it was ravaged by fire in February 2011. Speaking at the 59th annual gener

GOV'T AWAITS KELLY PROPERTY PROPOSAL

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The government is awaiting a proposal for the redevelopment of the Kelly property in downtown Nassau after it was ravaged by fire in February 2011. Speaking at the 59th annual gener

GOV'T AWAITS KELLY PROPERTY PROPOSAL

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The government is awaiting a proposal for the redevelopment of the Kelly property in downtown Nassau after it was ravaged by fire in February 2011. Speaking at the 59th annual gener

GOV'T AWAITS KELLY PROPERTY PROPOSAL

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The government is awaiting a proposal for the redevelopment of the Kelly property in downtown Nassau after it was ravaged by fire in February 2011. Speaking at the 59th annual gener

GOV'T AWAITS KELLY PROPERTY PROPOSAL

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The government is awaiting a proposal for the redevelopment of the Kelly property in downtown Nassau after it was ravaged by fire in February 2011. Speaking at the 59th annual gener

GOV'T AWAITS KELLY PROPERTY PROPOSAL

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The government is awaiting a proposal for the redevelopment of the Kelly property in downtown Nassau after it was ravaged by fire in February 2011. Speaking at the 59th annual gener

POST OFFICE HIT BY COMPLAINTS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE BAHAMAS Postal Service is testing the efficiency of its local mail delivery service, acting Postmaster General, Leslie Cartwright, told Tribune Business yesterday, acknowledging

LOI made $650m waste plant ‘political football’

The company behind the $650 million waste-to-energy proposal at the centre of last year’s Letter of Intent (LoI) controversy yesterday said it had been treated as “a political football”, which “turned a positive into a negative” and damaged its bid to secure financing.

KFC LABOUR DEAL, BUT 'NOT BUSINESS AS USUAL'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE NINE KENTUCKY Fried Chicken (Nassau) restaurants reopened yesterday, with union executives telling Tribune Business a tentative labour agreement had been reached with management

KFC LABOUR DEAL, BUT 'NOT BUSINESS AS USUAL'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE NINE KENTUCKY Fried Chicken (Nassau) restaurants reopened yesterday, with union executives telling Tribune Business a tentative labour agreement had been reached with management

KFC LABOUR DEAL, BUT 'NOT BUSINESS AS USUAL'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE NINE KENTUCKY Fried Chicken (Nassau) restaurants reopened yesterday, with union executives telling Tribune Business a tentative labour agreement had been reached with management

Roadwork hit firms: 'It's never too late to do the right thing'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Government's plans to provide assistance to businesses impacted by the New Providence Road Improvement Project was hailed as a good move yesterday, with Coconut Grove Business L

Phil's: 'Enough to go around' in food retail

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE'S "enough to go around" in the food retail business for everyone to turn a profit, according to Phil Lightbourne, owner of the Gladstone Road-based food retailer/wholesaler Ph

SANDALS MANAGEMENT ACCUSED OF 'INTIMIDATING' ITS STAFF

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net UNION executives yesterday accused management at Sandals Royal Bahamian resort of 'intimidating' the staff. Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) President Lyn

SANDALS MANAGEMENT ACCUSED OF 'INTIMIDATING' ITS STAFF

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net UNION executives yesterday accused management at Sandals Royal Bahamian resort of 'intimidating' the staff. Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) President Lyn

SANDALS MANAGEMENT ACCUSED OF 'INTIMIDATING' ITS STAFF

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net UNION executives yesterday accused management at Sandals Royal Bahamian resort of 'intimidating' the staff. Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) President Lyn