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COLINA BLASTS POLICYHOLDER LAWSUIT AS 'EMBARRASSING'

By NEIL HARTNELL Tribune Business Editor Colina Insurance Company has slammed as "embarrassing" allegations that it "mis-sold and negligently misrepresented" the benefits of Universal Life insurance policies to five elderly Bahamian policyholders, who ha

Roberts: Abaco interests up 11%

SUPER Value's owner has told Tribune Business that Abaco has proven "more resilient" to the global recession than any other Bahamas island, with his interests on the island seeing an 11 per cent increase in business year-over-year.

FNM deputy fears ‘bubble pop’ over infrastructure spend

The Government’s lack of investment in infrastructure will be “a bubble that pops” on the next administration, the Opposition’s finance spokesman warned yesterday, adding that this was contrary to the International Monetary Fund’s (IMF) advice.

Litigation concern on Baha Mar delays

Fears were mounting yesterday that the continued delays to Baha Mar’s opening could spark litigation between the parties involved, a Caribbean tourism expert warning they had “better get their act together” to avoid lasting damage to the project and the Bahamas.

AML chair: City Markets deal 'kept changing'

AML Foods chairman yesterday said its efforts to acquire City Markets' remaining business fell apart because the latter's principal, Mark Finlayson, "kept changing the terms of the deal" on a daily basis, and had nothing to do with the BISX-listed food retail group refusing to take on the chain's staff.

Chamber urges: ‘Tighten up and enforce’ Enterprises Bill

THE Chamber of Commerce yesterday urged the Government to “tighten up the language”, and enforce the provisions, in the Commercial Enterprises Bill to prevent potential abuses.

'No doubt over VAT chaos' on January 1

A well-known businessman yesterday said he had “no doubt” the Government will be unable to seamlessly implement Value-Added Tax (VAT) come January 1, suggesting “chaos” would result from failing to promptly educate the private sector.

DEVELOPER MOVES TO AVOID EARLY 'MISS' AT EX-GINN PROJECT

By NEIL HARTNELL Tribune Business Editor The Canadian-based developer for the former $4.9 billion Ginn project's real estate component yesterday said it would suffer "a very severe blow" if it did not get the next phase right, having shifted the developm

DEVELOPER MOVES TO AVOID EARLY 'MISS' AT EX-GINN PROJECT

By NEIL HARTNELL Tribune Business Editor The Canadian-based developer for the former $4.9 billion Ginn project's real estate component yesterday said it would suffer "a very severe blow" if it did not get the next phase right, having shifted the developm

DEVELOPER MOVES TO AVOID EARLY 'MISS' AT EX-GINN PROJECT

By NEIL HARTNELL Tribune Business Editor The Canadian-based developer for the former $4.9 billion Ginn project's real estate component yesterday said it would suffer "a very severe blow" if it did not get the next phase right, having shifted the developm

Bahamas faces major tax, exchange control shake-up

The Bahamas may have to completely overhaul its corporate and taxation structure to escape European Union/OECD ‘blacklisting’ threats, the Attorney General revealed yesterday.

BEC managerial talks start today

The Government will today begin negotiations with PowerSecure International over the five-year Bahamas Electricity Corporation (BEC) management contract, amid pledges that the deal will be overseen by “a non-partisan” Board.