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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.

$225m World Mart principals 'very encouraged' over Chinese meetings

ONCE of the principals behind the proposed $225 million trade market proposed for Freeport yesterday told Tribune Business they were "very encouraged" by the outcome of meetings with China-based strategic partners, and hoped to engage the new PLP government over a Heads of Agreement for the project shortly.

IDB TO BAHAMAS: RUN 2.5% PRIMARY SURPLUS

By NEIL HARTNELL Tribune Business Editor The Bahamas was yesterday warned to "pick up the pace" of fiscal reform, the Inter-American Development Bank's (IDB) top Caribbean economist saying this country needed to achieve primary Budget surpluses equivalen

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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

Baha Mar guest: ‘I’ll only return to look at the ruins’

A Houston entrepreneur says he will never return to the Bahamas unless it is to view “the ruins of the Baha Mar disaster”, after the enforced cancellation of his wedding left him $100,000 “out of pocket”.

Sky mulls US pull back after 15-20% loads

By NEIL HARTNELL Tribune Business Editor Sky Bahamas is "reviewing daily" whether it will reduce its US flight schedule or withdraw from that market completely, its president telling Tribune Business yesterday that load factors on some flights were down

Sky mulls US pull back after 15-20% loads

By NEIL HARTNELL Tribune Business Editor Sky Bahamas is "reviewing daily" whether it will reduce its US flight schedule or withdraw from that market completely, its president telling Tribune Business yesterday that load factors on some flights were down

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.

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