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CHAMBER CHIEF SUPPORTS GOV'T OUTSOURCING '110%'

By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has given his "110 per cent support" to the International Monetary Fund's (IMF) call for more services to be outsourced to the private

Accountants choose Bahamian for report

Accountants choose Bahamian for report Bahamian forensic accountant, John Bain, has been selected to participate in a defining webinar hosted by the Association of Chartered Certified Accountants (ACCA) to develop the organisation's integrated report, pa

Accountants choose Bahamian for report

Accountants choose Bahamian for report Bahamian forensic accountant, John Bain, has been selected to participate in a defining webinar hosted by the Association of Chartered Certified Accountants (ACCA) to develop the organisation's integrated report, pa

MORE BAHAMIAN HOMEOWNERS IF SMALLER LOTS SIZED PERMITTED

By NEIL HARTNELL Tribune Business Editor More Bahamians would be homeowners today if the authorities had acted on a 1984 report by now-Prime Minister Hubert Ingraham advocating that houses by constructed on lots under 5,000 square feet, the Bahamas Real

GB SHIPYARD GETS 'BETTER AND BETTER'

Grand Bahama Shipyard's chairman, Carl-Gustaf Rotkirch, said the facility has "done better and better" every month throughout 2011, having gone 205 days without any health/safety incident this year. And, speaking with staff at the Shipyard's annual Chris

ATLANTIS BANKRUPTCY FEAR 'VERY FAR FETCHED'

By NEIL HARTNELL Tribune Business Editor Kerzner International (Bahamas) chief executive yesterday described fears that the company's $2.5 billion lenders would look to foreclose or place the company into bankruptcy as "very far fetched", following Brook

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Gov't urged: End 'ridiculous foot dragging' on BEC

The Government has been urged to end its "ridiculous foot dragging" over the Bahamas Electricity Corporation's (BEC) part-privatisation and wider energy reform, as the private sector readies its own study on the issue.

Tax delinquents warned to brace for ‘shock treatment’

Major tax defaulters were yesterday warned to brace for “shock treatment” from the Government’s recently-unveiled tax crackdown, the Bahamas Chamber of Commerce’s (BCCEC) chairman giving his “strong support” to the initiative.

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".

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Baha Mar expat staff face October 31 wait

Former foreign employees of Baha Mar have to wait until October 31 to see if they will recover what is owed to them, while their Bahamian counterparts have been reminded of the “take it or leave it” approach.

Police probe like 'sword of Damocles'

By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa

Police probe like 'sword of Damocles'

By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa

Police probe like 'sword of Damocles'

By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa

Harajchi bank clients still eye $19.217m 'loss'

Harajchi bank clients still eye $19.217m 'loss' By NEIL HARTNELL Tribune Business Editor More than 11 years after Mohammed Harajchi's Suisse Security Bank & Trust was put under court supervision, its depositors and creditors have yet to recover a single

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.

ATLANTIS EYES 12-14% GROUP BOOKING RISE

By NEIL HARTNELL Tribune Business Editor Atlantis is looking at a 12-14 per cent increase in group business for 2012, the head of Kerzner International's Bahamian operations yesterday saying its $50-$60 million annual capital expenditure plans would like

Tax break may help 41,000 homeowners

Prime Minister Perry Christie yesterday said more than 41,000 homeowners could benefit from the Government’s decision to waive real property tax arrears for owner-occupied homes valued at less than $250,000.

Kerzner's $65m capital upgrades in debt talk delay

Kerzner's $65m capital upgrades in debt talk delay By NEIL HARTNELL Tribune Business Editor Kerzner International (Bahamas) chief yesterday acknowledged that finalising this year's $65 million capital investment plan for its Paradise Island resorts is b

BTC launches 4G in northwest Bahamas

BTC launches 4G in northwest Bahamas The Bahamas Telecommunications Company (BTC) has officially launched 4G services in the Berry Islands and Bimini. Jerome Sawyer, BTC's spokesman, said: "Travellers won't have to worry about sluggish download speeds, l

WATER CORP DISCONNECTS 5,400 IN '11

By NEIL HARTNELL Tribune Business Editor A net 5,435 customers were disconnected by the Water & Sewerage Corporation for non-payment in 2011, data supplied to Tribune Business reveals, even though reconnections reached their highest level for five years.