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Cable blasts 'unfair advantage' for BTC

Cable blasts 'unfair advantage' for BTC By NEIL HARTNELL Tribune Business Editor Cable Bahamas has blasted the proposed licensing plan for a key wireless spectrum band for giving an "unfair advantage" to the Bahamas Telecommunications Company (BTC), urg

Ex-BCA chief says $15m to Bahamians for roadworks 'low'

Ex-BCA chief says $15m to Bahamians for roadworks 'low' By NEIL HARTNELL Tribune Business Editor A former Bahamian Contractors Association (BCA) president yesterday said the 13.7 per cent of work sub-contracted out to Bahamian firms on the New Providenc

Ex-BCA chief says $15m to Bahamians for roadworks 'low'

Ex-BCA chief says $15m to Bahamians for roadworks 'low' By NEIL HARTNELL Tribune Business Editor A former Bahamian Contractors Association (BCA) president yesterday said the 13.7 per cent of work sub-contracted out to Bahamian firms on the New Providenc

Real property tax compliance 'higher than in the past'

By NEIL HARTNELL Tribune Business Editor Real property tax compliance is "higher than in the past, that's for sure", a government minister telling Tribune Business yesterday that new administration/enforcement measures would "yield" improved collection r

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”.

Consumer chief set to investigate BPL bill spike

The Consumer Protection Commission’s chairman last night promised to investigate the “double” and “triple” energy bill increases many consumers are now experiencing as a result of Bahamas Power & Light’s (BPL) post-Matthew billing practices.

ATLANTIS TAKEOVER 'BEST THING THAT EVER HAPPENED'

By NEIL HARTNELL Tribune Business Editor Brookfield Asset Management's ownership takeover at Atlantis and the One & Only Ocean Club has been described by a leading accountant as "the best thing that ever happened for the Bahamas". Raymond Winder, managin

ATLANTIS TAKEOVER 'BEST THING THAT EVER HAPPENED'

By NEIL HARTNELL Tribune Business Editor Brookfield Asset Management's ownership takeover at Atlantis and the One & Only Ocean Club has been described by a leading accountant as "the best thing that ever happened for the Bahamas". Raymond Winder, managin

ATLANTIS TAKEOVER 'BEST THING THAT EVER HAPPENED'

By NEIL HARTNELL Tribune Business Editor Brookfield Asset Management's ownership takeover at Atlantis and the One & Only Ocean Club has been described by a leading accountant as "the best thing that ever happened for the Bahamas". Raymond Winder, managin

ATLANTIS TAKEOVER 'BEST THING THAT EVER HAPPENED'

By NEIL HARTNELL Tribune Business Editor Brookfield Asset Management's ownership takeover at Atlantis and the One & Only Ocean Club has been described by a leading accountant as "the best thing that ever happened for the Bahamas". Raymond Winder, managin

ATLANTIS TAKEOVER 'BEST THING THAT EVER HAPPENED'

By NEIL HARTNELL Tribune Business Editor Brookfield Asset Management's ownership takeover at Atlantis and the One & Only Ocean Club has been described by a leading accountant as "the best thing that ever happened for the Bahamas". Raymond Winder, managin

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'Five Baha Mars' needed to solve jobless crisis

The Bahamas needs “five Baha Mars going on” simultaneously to achieve the 5.5 per cent GDP growth necessary to slash existing unemployment by 50 per cent and absorb thousands of annual school leavers into the workforce.

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Sarkis loses bid to buy $192m claims

The Supreme Court yesterday ruled it was legally impossible for Sarkis Izmirlian to acquire the rights to Baha Mar’s $192 million damages claim against the project’s contractor.

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Wind farm targets 2013 'commission'

By NEIL HARTNELL Tribune Business Editor A renewable energy provider is looking to "commission" its Eleuthera wind farm by early 2013, having invested $250,000 in completing the first project phase involving the construction of a Meteorological tower. Th

Bahamasair eyes 'break even' despite $21m loss

Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua

Bahamasair eyes 'break even' despite $21m loss

Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua

DPM: Bahamas must ‘prove’ itself to S&P

* ‘Not at all’ upset nation still ‘junk’ * Blames former Govt’s failure to deliver * Nation has 12-24 months to execute

The Government must “prove” it can deliver on its fiscal and economic turnaround strategy, the Deputy Prime Minister admitted yesterday, after Standard & Poor’s (S&P) kept the Bahamas at ‘junk’ status. K P Turnquest told Tribune Business he was “not at all” disappointed at the outcome of S&P’s annual review of the Bahamas’ sovereign creditworthiness, despite having previously expressed optimism that the Government could make the case to be upgraded to ‘investment grade’ status.

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RoyalFidelity's fund with 'different angle'

RoyalFidelity is planning to launch an “alternative” US$ fund this summer that aims to minimise market volatility risk, a move coinciding with the maturing of another product forecast to generate 50 per cent investor returns.

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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.

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Pinder moves one year after ‘amazing’ deal

One year after receiving a “mind blowing” offer he was unable to turn down, former financial services minister Ryan Pinder yesterday confirmed his career is on the move again - this time to the Graham, Thompson & Co law firm as partner.