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Port 'dismayed' by Shenanigan's
The Grand Bahama Port Authority (GBPA) has described itself as "dismayed" by criticisms from a Bahamian businessman who closed his Port Lucaya Marketplace restaurant blaming high rents, arguing that he had been "unresponsive" to attempts to resolve the si
Mortgage finance 'biggest hurdle' to housing recovery
Mortgage financing access remains "the biggest hurdle" to reviving the domestic real estate market, causing up to three deals for the same property to fall through.
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”.
BTC owner dismisses Cable’s mobile threat
The Bahamas Telecommunications Company’s (BTC) controlling owner yesterday dismissed the competitive threat Cable Bahamas will pose if it wins the second cellular licence, saying it was “not a big player” when compared to the likes of Digicel.
Govt ‘encourages’ Bahamian group’s landfill ‘win-win’
The Government is seeking a “holistic” solution to the New Providence landfill’s numerous challenges, and is encouraging a Bahamian consortium to advance its proposal for taking away 25 per cent of existing waste streams.
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".
Trade deficit narrows 9.7%
The Bahamas experienced a 9.7 per cent drop in its trade deficit to $2.554 billion in 2013, largely due to an almost-$300 million fall in its import bill.
BTC slammed with $1.581m fine over network outage
The Bahamas Telecommunications Company (BTC) was last night hit with a $1.581 million fine for last March’s network outage, the sector regulator finding it did not take action to maintain a “functioning” communications system.
Insurance recovery may wait until 2017
The Bahamian insurance industry may have to wait until mid-2017 to return to strong growth, with one leading underwriter saying its main goal is to “hold the fort”.
BANK IS FACING 50,000 ACCOUNT PROBE ON FATCA
By NEIL HARTNELL Tribune Business Editor Commonwealth Bank yesterday said it was facing the prospect of 'drilling down' into an estimated 50,000 client accounts to determine if there was any US beneficial ownership connection, while telling Tribune Busin
FAILED BROKER IN '16 REGULATORY BREACHES'
By NEIL HARTNELL Tribune Business Editor The Securities Commission uncovered 16 alleged regulatory breaches during an on-site inspection of Caledonia Corporate Management less than one year before its $25 million collapse, Tribune Business can reveal, th
KERZNER FORECLOSE WOULD COST $230M
By NEIL HARTNELL Tribune Business Editor Some $230 million in costs would be incurred just to foreclose on Kerzner International's Paradise Island properties, a Delaware judge questioning why Brookfield Asset Management should be the only one to potentia
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
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
