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Broker 'not holding breath' on planned Customs reform
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas is 'far behind' the world when it comes to Customs procedures, a broker yesterday telling Tribune Business: "I wouldn't hold my breath" over planned reforms. Forrester C
$1.3bn borrowing is 'extraordinary'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Government's "extraordinary borrowing" of $1.3 billion in the last four-and-a-half years was essential to mitigating the recession's impact on the Bahamian economy, the minister
Broker 'not holding breath' on planned Customs reform
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas is 'far behind' the world when it comes to Customs procedures, a broker yesterday telling Tribune Business: "I wouldn't hold my breath" over planned reforms. Forrester C
$1.3bn borrowing is 'extraordinary'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Government's "extraordinary borrowing" of $1.3 billion in the last four-and-a-half years was essential to mitigating the recession's impact on the Bahamian economy, the minister
SANDALS EXPECTING 10% INCREASE IN BOOKINGS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS Royal Bahamian is looking at a 10 per cent increase in bookings, says general manager Patrick Drake. After investing almost $21 million into the restoration of the Manor bui
SANDALS EXPECTING 10% INCREASE IN BOOKINGS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS Royal Bahamian is looking at a 10 per cent increase in bookings, says general manager Patrick Drake. After investing almost $21 million into the restoration of the Manor bui
AIRLINE '90 PER CENT COMPLETE' ON $4.5-$5 MILLION PROJECT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WESTERN Air chief executive, Rex Rolle, said yesterday that construction on the airline's new terminal and maintenance facility in Freeport is "about 90 per cent" complete, telling
FNM deputy questions Mortgage Relief ‘sense’
The Christie administration’s revised Mortgage Relief Plan does not make much sense “on the face of it”, according to the Opposition’s finance spokesman, who questioned what return the Government would get for its $20 million ‘investment’.
AUTHOR TARGETS $500M MARICULTURE INDUSTRY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamian economy sector could receive a $500 billion annual injection should the country move towards establishing a mariculture industry, an accountant and author telling Trib
AUTHOR TARGETS $500M MARICULTURE INDUSTRY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamian economy sector could receive a $500 billion annual injection should the country move towards establishing a mariculture industry, an accountant and author telling Trib
Gas retailers fear oil price 'beating'
Gas retailers fear oil price 'beating' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIAN petroleum retailers yesterday said they feared "a beating" from global oil prices that have surged back over $100 per barrel, due to
Activist slams Shell LNG deal as ‘regressive step’
A WELL-known environmentalist yesterday said the adoption of liquefied natural gas (LNG) as the Bahamas’ main power source is a “huge regressive step”, questioning why the Government was not aggressively pursuing solar energy.
'LOT OF ABUSE' IN WELFARE SYSTEM
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas' social security system has been subjected to "a lot of abuse", the minister responsible has admitted, acknowledging that welfare assistance was not always being given t
PORT IPO HOLDING $1,150 MAXIMUM
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MORE than 95 per cent of share subscriptions in the Arawak Port Development Company's (APD) $10 million initial public offering (IPO) were from individual investors, with subscripti
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
