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'Significant' economic fallout fear on unrest
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has urged that the industrial unrest involving Customs and Immigration officers be resolved "as quickly as possible", warning that the
'Significant' economic fallout fear on unrest
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has urged that the industrial unrest involving Customs and Immigration officers be resolved "as quickly as possible", warning that the
'Significant' economic fallout fear on unrest
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has urged that the industrial unrest involving Customs and Immigration officers be resolved "as quickly as possible", warning that the
'Significant' economic fallout fear on unrest
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has urged that the industrial unrest involving Customs and Immigration officers be resolved "as quickly as possible", warning that the
Bahamas 'top of pack' on wealth management
By NEIL HARTNELL Tribune Business Editor Revised legislation will leave the Bahamas "at the top of the pack" among Caribbean financial centres when it comes to private wealth management, the Attorney General told Tribune Business yesterday. Lauding amend
China provides 'no Baha Mar comfort'
Baha Mar's Bahamian creditors and former employees "can't take much comfort" from the project's financier breaking its silence, the FNM's deputy leader arguing that it merely confirmed "no deal is in hand".
Telecom provider pledges ‘unheard of’ service levels
A newly-launched telecommunications provider yesterday promised “unheard of” service quality levels for the Bahamian market, as it will incur financial penalties for failing to meet customer expectations.
‘Lots of muscle’ required for $142m toxic BOB pile
The Bank of The Bahamas bail-out vehicle must now employ “lots of muscle” to recover its remaining “toxic” loan collateral valued at $142m, its chairman revealed yesterday.
Bahamas shrugs off FTX for perfect ‘40 out of 40’
The Bahamas yesterday shrugged off FTX’s implosion through what the attorney general hailed as the “enormous accomplishment” of a perfect score in the fight against financial crime.
Chamber hopes for ‘11th hour’ pre-Budget meeting with Gov’t
The private sector is still hoping for an ‘11th hour’ pre-Budget meeting with the Government, so it can help it present “the most viable” economic plan for the Bahamas.
Ex-minister files suit against BREA
A former PLP Cabinet Minister yesterday confirmed he had instructed his attorney to proceed with legal action against the Bahamas Real Estate Association (BREA) for publicly naming him among 70 realtors who had allegedly failed to pay their annual licence fees.
ATLANTIS EYES 12-14% GROUP BOOKING RISE
By NEIL HARTNELL Tribune Business Editor Atlantis is looking at a 12-14 per cent increase in group business for 2012, the head of Kerzner International's Bahamian operations yesterday saying its $50-$60 million annual capital expenditure plans would like
Baha Mar casino hotel at '20 storeys' by year-end
By NEIL HARTNELL Tribune Business Editor The casino hotel for the $2.6 billion Baha Mar project could "be as high as 20 storeys" by year-end, Tribune Business was told yesterday, with work on the core "superstructure" 50 per cent complete by that point.
IBC directors urged: 'Ensure all deals legit'
IBC directors urged: 'Ensure all deals legit' By NEIL HARTNELL Tribune Business Editor Bahamian financial services professionals were yesterday urged to take their responsibilities as International Business Company (IBC) directors seriously and "make su
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.
Govt told: ‘Stop bragging’ about $852m VAT funds
The Opposition’s finance spokesman yesterday urged the Government to “stop bragging” about its $852 million VAT revenues, as this represented monies sucked away from Bahamian consumers and businesses.
Govt told: ‘Cut inefficient taxes across the board’
The Government was yesterday urged by a leading governance reformer to reduce “inefficient taxes across the board” so that it could make room for potential Value-Added Tax (VAT) rate increases.
Entertainment 'loses its way'
By NEIL HARTNELL Tribune Business Editor The Bahamian entertainment industry has "lost its way", a leading musical entrepreneur charged yesterday, blaming factors such as a decline in standards among sector players and the 'unfair competition' posed by g
BREA ‘emergency’ on ex-minister’s legal win
The Bahamas Real Estate Association’s (BREA) Board will tomorrow hold “an emergency meeting” to determine its response to losing a legal battle with a former Cabinet Minister.
$6.6bn debt ‘well beyond’ the need for stabilisation
The Bahamas is “well beyond” the point where it merely needs to “stabilise” its $6.6 billion national debt, a former Chamber chairman said yesterday, as he warned that the economy was showing “no desire for growth”.
