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TELL, BUT DON'T SELL, YOUR FIRM'S STORY

By D'Arcy Rahming The first time I tried to use Facebook Ads in one of my businesses a couple of years ago, I lost a lot of money. I mean, everything seemed to be going so well. A lot of people were expressing interest in my page judging by the number of

BEC manager-elect slams 'fraud by hindsight' claim

The Bahamas Electricity Corporation's (BEC) prospective manager has dismissed as "fraud by hindsight" claims that it artificially inflated its stock price prior to a one-day wipe-out that erased $250 million in shareholder value.

OECD attacks like ‘unofficial blacklisting’ of the Bahamas

A former finance minister says the recent OECD-inspired media onslaught against the Bahamas is akin to an “unofficial blacklisting” of its financial services industry, describing the situation as “a new form of international colonialism”.

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.

Bahamians urged: Show ‘more ‘outrage’ over financial crimes

BAHAMIANS were yesterday urged to show “more outrage” over financial crime and poor business practices, a prominent cleric arguing that these had become “entrenched in our culture”.

Court: ‘No deal’ for 25,000 acre property

An $11.5 million deal to purchase the 25,000 acre property that was once Long Island’s largest employer cannot be concluded because there was never “an enforceable sales contract”, the Privy Council ruled yesterday.

25,000-acre dispute solution 'critical to 'thousands of jobs'

By NEIL HARTNELL Tribune Business Editor Resolving a long-running dispute that has tied up 25,000 acres of prime real estate is "critical" to potentially creating "thousands of jobs" and reversing Long Island's depopulation, a Court of Appeal ruling havi

RESORT PROJECT'S 'RISE FROM ASHES' VIA $20M SPEND

By NEIL HARTNELL Tribune Business Editor An Eleuthera resort project many thought 'dead and buried' may be about to rise from the ashes, its developer yesterday telling Tribune Business that the revised development would involve an investment "in excess

$10M PORT IPO SETS A BAHAMIAN RECORD

By NEIL HARTNELL Tribune Business Editor The Arawak Cay Port Development (APD) offering has set a Bahamian record by becoming the "most widely subscribed for IPO in the history of the Bahamian capital markets", Tribune Business was told yesterday, one of

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

SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat

SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat

SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat

SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat

SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR

By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat

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.

ZNS blasts Cable on ad 'dumping'

By NEIL HARTNELL Tribune Business Editor ZNS has alleged that Cable Bahamas' previous Channel 12 tie-up with a radio station owned by a former PLP Cabinet Minister was politically motivated, and an attempt to "cut a deal" with the Christie administration

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Atlantis 'savours' $1.9bn refinance

Atlantis was yesterday said to be “savouring” its completed $1.9 billion debt refinancing, its owner having invested some $500 million in the property since taking control two years ago.

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.

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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.