All results / Stories / Neil Hartnell
FUND 'BELOW PAR' AFTER 50% VACANCY CUT FAILURE
By NEIL HARTNELL Tribune Business Editor The Bahamas Property Fund's failure to cut the 20 per cent vacancy rate at its flagship Bahamas Financial Centre by half meant its 2011 performance fell "slightly below expectations", although last May's Bahamian
$1.23M PREFERENCE PAYOUT CAUSES BOB INVESTORS Q1 LOSS
By NEIL HARTNELL Tribune Business Editors Bank of the Bahamas International's ordinary shareholders suffered a minor $141,676 loss during the institution's fiscal 2012 first quarter, as timing issues related to $1.231 million in preference share dividend
CHAMBER CHIEF TO TACKLE FREEPORT'S BOND 'HEAD ON'
By NEIL HARTNELL Tribune Business Editor The Grand Bahama Chamber of Commerce's newly-elected president yesterday called for the ongoing controversy surrounding Freeport's 'bonded goods' regime to be "resolved once and for all", as licensee complaints ov
'NAIL IN COFFIN' OF FREEPORT'S $70-$120M BOND ECONOMY
By NEIL HARTNELL Tribune Business Editor Bahamas Customs was yesterday accused of "putting another nail in the coffin of Freeport's" $70-$120 million bonded goods economy, a leading attorney describing the terms it was setting as a "bureaucratic perversi
'NAIL IN COFFIN' OF FREEPORT'S $70-$120M BOND ECONOMY
By NEIL HARTNELL Tribune Business Editor Bahamas Customs was yesterday accused of "putting another nail in the coffin of Freeport's" $70-$120 million bonded goods economy, a leading attorney describing the terms it was setting as a "bureaucratic perversi
'NAIL IN COFFIN' OF FREEPORT'S $70-$120M BOND ECONOMY
By NEIL HARTNELL Tribune Business Editor Bahamas Customs was yesterday accused of "putting another nail in the coffin of Freeport's" $70-$120 million bonded goods economy, a leading attorney describing the terms it was setting as a "bureaucratic perversi
'NAIL IN COFFIN' OF FREEPORT'S $70-$120M BOND ECONOMY
By NEIL HARTNELL Tribune Business Editor Bahamas Customs was yesterday accused of "putting another nail in the coffin of Freeport's" $70-$120 million bonded goods economy, a leading attorney describing the terms it was setting as a "bureaucratic perversi
Brewery unveils'strong Q1' with44% profits rise
Commonwealth Brewery is today unveiling a "strong first quarter" for 2012 with net income up 44.2 per cent year-over-year, its management team telling Tribune Bus
COMMISSION URGED: TAKE 'STRONG ACTION' OVER CITY MARKETS
By NEIL HARTNELL Tribune Business Editor A well-known financial analyst yesterday urged the Securities Commission to take strong, swift public action to protect the 22 per cent minority investors in City Markets' operating company, warning that "the inte
JUST 17% OF POOR GETTING BENEFITS
By NEIL HARTNELL Tribune Business Editor Less than 17 per cent of poor Bahamian households are receiving social security benefits, an Inter-American Development Bank (IDB) report highlighting a dysfunctional welfare system that is failing to reach those
Ex-minister files suit against BREA
A former PLP Cabinet Minister yesterday confirmed he had instructed his attorney to proceed with legal action against the Bahamas Real Estate Association (BREA) for publicly naming him among 70 realtors who had allegedly failed to pay their annual licence fees.
CREDIT BUREAU TARGET FOR END 2012/START 2013
By NEIL HARTNELL Tribune Business Editor A Bahamian credit bureau should be established by "the latter part of this year or early 2013", the Central Bank's governor has told Tribune Business, with its activation designed to prevent the almost-20 per cent
VAT guidance notes undermine core financial sector policy
The Government’s “inconsistent” Value-Added Tax (VAT) positions are threatening to undermine core financial services policy objectives, a top QC warned yesterday, threatening a loss of competitiveness and high-value business.
Baha Mar 'close' to $150m spend on Bahamians
BAHA Mar is "close" to investing $150 million with Bahamian contractors for its Cable Beach redevelopment, as it prepares to today launch the $2.6 billion project's 300 luxury Residences to high net-worth buyers from across the world in London.
Realtor names top producers
Damianos Sotheby's International Realty has named its 2011 Top Producers. They are: Samira Coleby, for the Bahamas; Bill Albury, Abaco; and Jonathan Morris, Eleuthera. Reflecting on 2011, Ms Coleby said: "The market is changing; clients are continually ch
Gov't pushes deficit elimination forecast back three years
The Government has pushed back its original projections for eliminating the fiscal deficit by three full years, and is now pinning its hopes on a $449 million, four-year 'swing' into surplus.
2,000 homeowners 'non-performing'
2,000 homeowners 'non-performing' By NEIL HARTNELL Tribune Business Editor An estimated 1,500-2,000 Bahamian homes have mortgage loans that are more than 90 days past due, the Clearing Banks Association (CBA) told Tribune Business yesterday, with the se
Bran: 'Very dodgy' to interfere with business pricing
The Government will be "in very dodgy territory" should it seek to interfere with how Bahamian businesses price their goods and services, the DNA leader has warned.
Bahamians warned: Brace for post-VAT delinquency cut-off
Bahamians must get used to companies increasingly cutting them off for non-payment due to Value-Added Tax’s (VAT) cash flow impact, a well-known businessman warned yesterday.
Gov’t is warned: Don’t fall in love with VAT monies
The Government has been warned not to become “too enamoured” with Value-Added Tax’s (VAT) relatively successful start in preparing next week’s 2015-2016 Budget.
