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Baha Mar 'close' to $150m spend on Bahamians

BAHA Mar is "close" to investing $150 million with Bahamian contractors for its Cable Beach redevelopment, as it prepares to today launch the $2.6 billion project's 300 luxury Residences to high net-worth buyers from across the world in London.

BIFF ‘taken for ride’ over Dingman deal

The Bahamas International Film Festival’s (BIFF) founder yesterday said she was left “embarrassed”, and felt “taken for a ride”, after Jamie Dingman failed to deliver on his promised acquisition of the organisation.

FINCO in profit boost as bad loans hit $100m

FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in

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

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

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

PRIVATISATION CAN 'HOLD BAHAMAS TO RANSOM'

By NEIL HARTNELL Tribune Business Editor A leading activist yesterday urged the Government not to privatise the energy and water industries on the grounds that foreign buyers could "hold the Bahamas to ransom", adding that this nation had "not begun to s

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.

Freeport losing investment since climate 'up in the air'

Freeport's largest investor has confirmed that nine-figure investments have been delayed because the Government has left the city's expiring tax incentives "up in the air".

$112m spent with 'no due process'

$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t

$112m spent with 'no due process'

$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t

Competition fears on Super Value's City Markets 'deal'

By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per

Competition fears on Super Value's City Markets 'deal'

By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per

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.