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'STRAW THAT BREAKS THE CAMEL'S BACK'

By NEIL HARTNELL Tribune Business Editor Failure to implement crime-prevention methods "could be the straw that breaks the camel's back" for many struggling Bahamian companies, private sector leaders warned yesterday, with "slack" businesses more suscept

'STRAW THAT BREAKS THE CAMEL'S BACK'

By NEIL HARTNELL Tribune Business Editor Failure to implement crime-prevention methods "could be the straw that breaks the camel's back" for many struggling Bahamian companies, private sector leaders warned yesterday, with "slack" businesses more suscept

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

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

Contractor loses ‘millions’ in 4-year BEC theft fight

A former Bahamian Contractors Association (BCA) president yesterday said his business had lost “millions of dollars” during his four-year fight against electricity theft charges, and he was now trying “to put the pieces together again”.

Insurer sees 38% fall from Summit

Summit Insurance blamed reduced real estate valuations for a 38.2 per cent year-over-year profits slump, as it focuses on “defending our book” in a year that will have “negative growth”.

Miller confident on Robin Hood replacement

By NEIL HARTNELL Tribune Business Editor Robin Hood's landlord yesterday told Tribune Business he is extremely confident about finding a replacement tenant for the closing retailer, describing the Summerwinds Plaza location as "second to none" and "the b

Bahamas ‘shooting ourselves in foot’ on insurance regulation

* Bahamas ‘going beyond’ AML standard * AG: ‘We’ll give general insurers one year’ * Fears captive revival undermined

FEARS were raised again yesterday that the Bahamas could be “shooting ourselves in the foot” by including general and captive insurers within its anti-money laundering regime. Emmanuel Komolafe, the Bahamas Insurance Association’s (BIA) chairman, urged the Government to provide the “benchmarking” studies and data to support its decision to define both market segments as financial institutions under the Financial Transactions Reporting Act (FTRA).

TAX RETURNS PAY FOR $44M DREDGE IN JUST '1.5 YEARS'

By NEIL HARTNELL Tribune Business Editor The $44 million Nassau Harbour dredging costs will be paid back in full within one-and-a-half years in taxes alone, the minister of tourism yesterday telling Tribune Business that any impact on the Bahamas' cruise