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BEC partner targets eco-industrial park

BEC partner targets eco-industrial park By NEIL HARTNELL Tribune Business Editor BEC's ocean thermal energy partner yesterday revealed it plans to develop an eco-industrial park in the Bahamas, leveraging its project into technology and export spin-offs

Atlantis situation shows need for 'Chapter 11 laws'

By NEIL HARTNELL Tribune Business Editor The Bahamas Trade Commission's co-chairman yesterday called for new laws that would allow troubled, debt-burdened Bahamian companies to restructure, pointing out that the only current available options - receivers

Bank hosts car show

Bank hosts car show Royal Bank of Canada's (RBC) Grand Bahama branch hosted its 'March Madness' car show last weekend at its premises in downtown Freeport. "We invited all persons interested in purchasing a new vehicle to take advantage of RBC's on-the-

ROAD PROJECT WAGES 50% BELOW 'NORMS'

By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste

ROAD PROJECT WAGES 50% BELOW 'NORMS'

By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste

ROAD PROJECT WAGES 50% BELOW 'NORMS'

By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste

Govt tax crackdown exposes ‘desperation’

The Christie administration’s much-trumpeted tax crackdown has exposed its “desperation” over the strained fiscal position, the Democratic National Alliance’s (DNA) leader yesterday charging: “The Government is broke.”

Gas station warning of New Year lay-offs

A gas station operator yesterday warned the 24 percent minimum wage increase will “almost certainly” force the sector to cut staffing levels unless the Government grants a long-awaited margin increase.

Bahamas can take $5-$10bn premium 'captive' with focus

Bahamas can take $5-$10bn premium 'captive' with focus By NEIL HARTNELL Tribune Business Editor The Bahamas could attract between $5-$10 billion in premium income within five years if it made a concerted effort to re-establish itself as a captive insura

Developer incurs 'north of $3m' in legal battle costs

By NEIL HARTNELL Tribune Business Editor Arawak Homes has incurred legal costs "north of $3 million" over the past 15 years in defending its title to land in Nassau's Sir Lynden Pindling Estates, its president telling Tribune Business yesterday that "up

Developer incurs 'north of $3m' in legal battle costs

By NEIL HARTNELL Tribune Business Editor Arawak Homes has incurred legal costs "north of $3 million" over the past 15 years in defending its title to land in Nassau's Sir Lynden Pindling Estates, its president telling Tribune Business yesterday that "up

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Insurers blast NHI consulting 'facade'

The Bahamas Insurance Association's (BIA) chairman yesterday said the industry remains "vehemently opposed" to the Government's 'public insurer', and slammed its National Health Insurance (NHI) consultation process as "a facade".

Gov't: No success on new Royal Oasis deal

Gov't: No success on new Royal Oasis deal By NEIL HARTNELL Tribune Business Editor The Government's efforts to encourage a deal that would see Grand Bahama's still-closed 840-room Royal Oasis resort change ownership have yet to bear fruit, the minister

BROKERS 'CUT OUT' OF HOMEOWNERS INSURANCE MARKET

By NEIL HARTNELL Tribune Business Editor The outgoing Bahamas Insurance Brokers Association's (BIBA) president has again complained that ties between commercial banks and large brokers are "cutting everyone else out" of the homeowners insurance market, w

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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.

BROKERS LOSE 'TONNES OF BUSINESS' OVER SCOTIA GROUP POLICY

By NEIL HARTNELL Tribune Business Editor Bahamian insurance brokers have "lost tonnes of business" to Scotiabank (Bahamas) group homeowners insurance programme, a former Bahamas Insurance Brokers Association (BIBA) president yesterday saying both parties

BROKERS LOSE 'TONNES OF BUSINESS' OVER SCOTIA GROUP POLICY

By NEIL HARTNELL Tribune Business Editor Bahamian insurance brokers have "lost tonnes of business" to Scotiabank (Bahamas) group homeowners insurance programme, a former Bahamas Insurance Brokers Association (BIBA) president yesterday saying both parties

BROKERS LOSE 'TONNES OF BUSINESS' OVER SCOTIA GROUP POLICY

By NEIL HARTNELL Tribune Business Editor Bahamian insurance brokers have "lost tonnes of business" to Scotiabank (Bahamas) group homeowners insurance programme, a former Bahamas Insurance Brokers Association (BIBA) president yesterday saying both parties

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