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Banks: SWITCH 'decision likely' by end-April
By NEIL HARTNELL Tribune Business Editor The commercial banking industry will "likely make some decisions" by end-April 2012 on the establishment of a local SWITCH network, something that will allow Bahamians debit card access to funds in their chequing
Banks: SWITCH 'decision likely' by end-April
By NEIL HARTNELL Tribune Business Editor The commercial banking industry will "likely make some decisions" by end-April 2012 on the establishment of a local SWITCH network, something that will allow Bahamians debit card access to funds in their chequing
SPEED WEEK CHIEF EYES 2,500-3,000 EXTRA ROOM NIGHTS
By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week's president has estimated that the revival event generated between 2,500-3,000 room nights for the Bahamian hotel industry, describing its economic impact as "quite substantial". While Bahamas S
‘No guarantees’ for web shops
Web shop operators were yesterday said to be “very concerned” over the uncertainty and lack of any guarantees surrounding the industry’s impending legalisation.
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”.
Ex-Hard Rock franchisee queries transfer to ex-MP
Hard Rock Cafe's former Nassau franchisee has questioned why the business was so readily handed to its Bahamian landlord, when a decade earlier he had been "forced" to pay $1 million to end their partnership.
$600m Sarkis claims branded 'hogwash'
An ex-Baha Mar director has slammed as "hogwash" claims that Sarkis Izmirlian lacked the $600 million financing needed to complete the project, accusing the Government of "playing the blame game".
Port's 25% growth hides missed trade potential
Freeport is failing to attract “a wider range” of businesses and become a true logistics/distribution hub, despite the Container Port outstripping all Caribbean rivals with 25 per cent cargo throughput growth.
FEEDBACK FROM THE FIRM'S KING
By Ian Ferguson We agree that a stronger focus on our customers enhances our ability to grow and expand our businesses, and to deepen our ability to maximise customer satisfaction. We say often that the customer is 'KING', and that they are the driving f
Gov't urged: 'Change air cargo fines today'
The Government has been urged to "amend right away this Monday" the new and increased Customs sanctions on air cargo operators, a Bahamian courier company branding them "ridiculous".
IMF slashes Bahamas 2016 growth to 1.5%
The International Monetary Fund (IMF) has slashed its 2016 growth forecast for the Bahamas by a further 0.7 percentage points to just 1.5 per cent, due to the Baha Mar impasse.
SEC moving for sanctions against broker’s principal
US federal regulators are seeking sanctions and a default judgment against the Bahamian principal of a broker/dealer for failure to comply with a New York court’s order.
AG’s Office: We bungled Blackbeard’s Cay appeal
The Attorney General’s Office has admitted that the Government’s appeal over the $8 million Blackbeard’s Cay project was thrown out because it was asleep on the job.
Landfill chief: ‘Don’t read anything’ into our CEO transition
Renew Bahamas’ principal shareholder yesterday said “nothing can be read” into his stepping down as the New Providence landfill manager’s chief executive, as concerns persist over its financial health.
ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
Bahamas can take $5-$10bn premium 'captive' with focus
Bahamas can take $5-$10bn premium 'captive' with focus By NEIL HARTNELL Tribune Business Editor The Bahamas could attract between $5-$10 billion in premium income within five years if it made a concerted effort to re-establish itself as a captive insura
Despite 42% productivity rise, BTC off on 'efficiency'
By NEIL HARTNELL Tribune Business Editor Despite beating many countries via a 42 per cent improvement in a key productivity benchmark between 2006-2009, the sector regulator last night suggested the Bahamas Telecommunications Company's (BTC) 2010 account
CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill
