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AG: We’ll deal with ‘major slippage’ in anti-launder regime
THE Attorney General yesterday pledged to address the Bahamas’ “significant slippage” in the battle against financial crime through roll-out of its National Risk framework before year-end.
Income-type tax ‘likely inevitable’, warns ex-minister
A FORMER financial services minister believes it is “probably inevitable” that the Bahamas will have to introduce some form of low-rate income tax, warning: “We’re not in the clear yet.”
AML TO INVEST $3-4M IN NEW FRANCHISE DEAL
By NEIL HARTNELL Tribune Business Editor AML Foods is planning to invest $3-$4 million over the next five years in building its new Carl's Jr franchise to a five-store chain, a business projected to generate an annual $15 million top-line at full build-o
Airport increases US bridge capacity 50%
Lynden Pindling International Airport (LPIA) is predicting that passenger numbers will grow by 2.4 per cent for the year to end-June 2016, as it moves to increase bridge capacity for US carriers by 50 per cent.
Standing out in the crowd
By Deidre Bastian It's no secret that the Internet has tremendously impacted the advertising industry, and online ads are continuing to increase in volume each year. But does this indicate that print advertising is over and will die a slow death? A frien
Standing out in the crowd
By Deidre Bastian It's no secret that the Internet has tremendously impacted the advertising industry, and online ads are continuing to increase in volume each year. But does this indicate that print advertising is over and will die a slow death? A frien
Standing out in the crowd
By Deidre Bastian It's no secret that the Internet has tremendously impacted the advertising industry, and online ads are continuing to increase in volume each year. But does this indicate that print advertising is over and will die a slow death? A frien
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
PHA: 20% local spend rise rebuts ‘wipe out’ fears
The Public Hospitals Authority (PHA) yesterday said the 20 per cent increase in spending with Bahamian pharmaceutical wholesalers over a two-year period proves that fears it is intent on “wiping out” the industry are groundless.
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
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
Minister to activists: Don’t deny us jobs
A Cabinet Minister yesterday urged environmental activists to be “balanced and responsible” when launching legal actions against legitimate developers, warning that these could deny Bahamians much-needed “economic benefits”.
IDB: Bahamas needs $560m 'adjustment'
The Bahamas needs a $560 million "adjustment" at present growth rates just to cut its debt-to-GDP ratio to 60 per cent by 2021, amid warnings this nation now lies on the fiscal "dark side".
NAD eyes fee rise after $15.1m loss
The Nassau Airport Development Company (NAD) is currently mulling another fee increase, as it predicts a “few more years” of losses following $15.1 million in ‘red ink’ incurred during its 2015 financial year.
Bahamas’ debt to ‘stabilise’ near 70%
The Bahamas’ debt-to-GDP ratio is expected to hover near the IMF”s 70 per cent ‘danger threshold’ in 2016, although an international credit rating agency believes it has “stabilised”.
Bran: US gives ‘kick in hip’ to Govt policies
The US has delivered “another kick in the hip” to the Government’s conduct of economic policy with its latest transparency concerns over public sector contracts, the Democratic National Alliance’s (DNA) leader charged yesterday.
URCA 'u-turn' over third cellular player
URCA 'u-turn' over third cellular player By NEIL HARTNELL Tribune Business Editor The Bahamian communications regulator has reversed course by deciding not to reserve space in the key 700 MHz radio frequency spectrum for a third cellular operator, while
Union chief: ‘No way’ would I breach law and Bar regulations
A trade union leader yesterday said there was “no way” he would have agreed to an illegal ‘contingency fee’ in taking on Sandals Royal Bahamian all the way to the Privy Council.
FOCOL 'WELL PLACED' FOR IMPROVED 2012
By NEIL HARTNELL Tribune Business Editor FOCOL Holdings yesterday said it was "well-positioned to improve our financial results for 2012", with previously-implemented initiatives to boost operational efficiencies expected to bear fruits that will filter
PM 'elated' over 75% Our Lucaya occupancy level
By NEIL HARTNELL Tribune Business Editor The Prime Minister said he was "elated" upon learning that Our Lucaya's current occupancy levels were at 75 per cent, adding that an owner other than Hutchison Whampoa would likely have closed the Freeport resort.
