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ATLANTIS SWITCH 'DOESN'T ADD UP'

By NEIL HARTNELL Tribune Business Editor A former Bahamas Chamber of Commerce president yesterday said the details surrounding Kerzner International's $175 million debt-for-equity swap did not 'add up', questioning how the new owners would see a return o

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Wilson: Ingraham responsible for Sth. Eleuthera’s ‘demise’

The developer adjacent to a newly-announced $100 million resort project believes they will together make Cotton Bay “the Caribbean’s premier destination”, as he blasted former Prime Minister Hubert Ingraham for decisions that caused South Eleuthera’s “demise”.

Bahamian insurer ‘bolstered’ after hurricane losses

* Security and General in Q4 capital injection * Performance ‘marginal’, ‘below average’ * Rival Summit also gets top ratings

A MAJOR Bahamian insurer has seen its balance sheet “bolstered” by its parent as a result of recent hurricane-related losses. A. M. Best, the insurance rating agency, said Security and General Insurance Company had received a fourth quarter capital injection from its Bermuda-based owner following recent storm payouts. The rating agency, which reaffirmed the Bahamian property and casualty insurer’s creditworthiness, provided few details and its top executive, Marlon Graham, did not return Tribune Business’s voice mail message yesterday seeking comment.

Road project borrowing to strike $206m

Road project borrowing to strike $206m By NEIL HARTNELL Tribune Business Editor Both the Government and Opposition PLP yesterday effectively attempted to blame the other for the poor management and huge cost overruns impacting the controversial New Prov

Nassau world’s 5th most expensive city for hotel vacations

Nassau’s was yesterday ranked as the fifth most expensive city in the world for hotel accommodation, a finding that will further raise concern that this nation is slowly pricing itself out of the global tourism market.

BTC owner dismisses Cable’s mobile threat

The Bahamas Telecommunications Company’s (BTC) controlling owner yesterday dismissed the competitive threat Cable Bahamas will pose if it wins the second cellular licence, saying it was “not a big player” when compared to the likes of Digicel.

Bahamas realtor starring on HGTV

A Bahamian realtor with ERA Dupuch played a starring role on the well-known HGTV channel, helping to find a rental property that satisfied the requirements of a professional expatriate couple. "This couple had just moved from Dubai, and were excited about

Bahamas ‘falls off map’ on Caribbean hospitality lending

The Bahamas has ‘dropped off the map’ among traditional bank lenders to the hotel/tourism industry, with this nation failing to feature among the top 10 Caribbean destinations for new lending.

SMALL BUSINESS BILL DISCUSSION TARGET BEFORE 2012 ELECTION

By NEIL HARTNELL Tribune Business Editor A government minister says he is "reasonably certain" that broad consultation with stakeholders on the much-awaited Small and Medium-Sized Business (SME) Development Bill can be held prior to the general election,

Stay true to your business ethics

By Deidre M. Bastian Do you have good business ethics? Would you take on a client whose business was ethically appalling? How far would you stretch the truth to help a client sell their products or services? How far would you go in your promises to win a

Stay true to your business ethics

By Deidre M. Bastian Do you have good business ethics? Would you take on a client whose business was ethically appalling? How far would you stretch the truth to help a client sell their products or services? How far would you go in your promises to win a

'Unsustainable' costs drive Old Fort Club's 67% fee rise

By NEIL HARTNELL Tribune Business Editor The exclusive Old Fort Bay club yesterday warned members it had "no alternative" but to implement the first ever increase in annual membership dues, raising them by 67 per cent to $5,000 per year, given that costs

'UNSUSTAINABLE' COSTS DRIVE OLD FORT CLUB'S 67% FEE RISE

By NEIL HARTNELL Tribune Business Editor The exclusive Old Fort Bay club yesterday warned members it had "no alternative" but to implement the first ever increase in annual membership dues, raising them by 67 per cent to $5,000 per year, given that costs

BAHAMAS TOP RETAIL SPOT FOR FIRSTCARIB

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) accounted for the largest share of its Barbadian parent's retail banking revenues in the fiscal year ended on October 31, 2011, generating some $90.64 million or 44

$10M SOCIAL SECURITY REFORMS 'FIRST OF THEIR KIND' IN CARIBBEAN

By NEIL HARTNELL Tribune Business Editor The Bahamas' proposed $10 million social security reform initiative is a 'first-of-its-kind' in the Caribbean, as it will tie welfare payments to "improving human capital" through better educational achievement fo

Customs: Gov't targeting 'best practices' goal

By NEIL HARTNELL Tribune Business Editor The Government is targeting a Customs regime that meets "international best practices", a minister yesterday saying there was "no evidence" that the agency's operational/institutional weaknesses had deterred forei

Customs: Gov't targeting 'best practices' goal

By NEIL HARTNELL Tribune Business Editor The Government is targeting a Customs regime that meets "international best practices", a minister yesterday saying there was "no evidence" that the agency's operational/institutional weaknesses had deterred forei

Customs: Gov't targeting 'best practices' goal

By NEIL HARTNELL Tribune Business Editor The Government is targeting a Customs regime that meets "international best practices", a minister yesterday saying there was "no evidence" that the agency's operational/institutional weaknesses had deterred forei

Customs: Gov't targeting 'best practices' goal

By NEIL HARTNELL Tribune Business Editor The Government is targeting a Customs regime that meets "international best practices", a minister yesterday saying there was "no evidence" that the agency's operational/institutional weaknesses had deterred forei

Customs: Gov't targeting 'best practices' goal

By NEIL HARTNELL Tribune Business Editor The Government is targeting a Customs regime that meets "international best practices", a minister yesterday saying there was "no evidence" that the agency's operational/institutional weaknesses had deterred forei