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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.

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

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

PHA exceeds bond target with $26-$27m

The Public Hospitals Authority's (PHA) $25 million bond issue closed slightly oversubscribed, its financial advisers estimating that between $26-$27 million has been raised from investors.

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Bran: 'Very dodgy' to interfere with business pricing

The Government will be "in very dodgy territory" should it seek to interfere with how Bahamian businesses price their goods and services, the DNA leader has warned.

$14.5m bond keeps Mortgage Corp open

$14.5m bond keeps Mortgage Corp open By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation (BMC) has placed a $14.5 million bond vital to keep it operating, its chairman telling Tribune Business yesterday that "the public is going to

$14.5m bond keeps Mortgage Corp open

$14.5m bond keeps Mortgage Corp open By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation (BMC) has placed a $14.5 million bond vital to keep it operating, its chairman telling Tribune Business yesterday that "the public is going to

$14.5m bond keeps Mortgage Corp open

$14.5m bond keeps Mortgage Corp open By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation (BMC) has placed a $14.5 million bond vital to keep it operating, its chairman telling Tribune Business yesterday that "the public is going to

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ICON-ic product puts Fund administrators 'more on the hook'

While Bahamian fund administrators will be “much more on the hook” than with similar structures, a senior industry executive says the “rewards” from an ICON-ic launch will be worth the risk.

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Port chair pledges to address 'vitally important' breaks

THE Grand Bahama Port Authority's (GBPA) newly-confirmed chairman yesterday pledged to address Freeport's "critically important" Business Licence and real property tax exemptions, due to expire in 2015, with the Governmsent once the election was over.

HOPE 8.7% FISCAL DEFICIT DECLINE A 'SUSTAINABLE TREND'

By NEIL HARTNELL Tribune Business Editor A former finance minister yesterday expressed hope that the 8.7 per cent decline in the fiscal deficit for the 2011-2012 Budget year's first quarter represented the start of a "sustainable trend", even though the

$20M FIRE LOSSES 'UNPRECEDENTED'

By NEIL HARTNELL Tribune Business Editor A leading Bahamian general insurer yesterday said the pre-recession 60/40 split in its auto book had been reversed in favour of third party coverage, with 2011 an "unprecedented" year for large fire-related claims

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'Almost $900m' raised on LPIA redevelopment

THE Nassau Airport Development Company (NAD) yesterday told Tribune Business it had now raised "almost $900 million" via six separate financial transactions, having just closed the final $225 million round to fund Lynden Pindling International Airport's (LPIA) $409.5 million redevelopment.

FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop