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$40M 'CIVIL WAR' RAGES IN PARADISE
By NEIL HARTNELL Tribune Business Editor A full-scale civil war is raging between the developers and numerous residents of a $40 million Exuma-based real estate project, Tribune Business can reveal, the latter alleging there are difficulties with obtaini
China provides 'no Baha Mar comfort'
Baha Mar's Bahamian creditors and former employees "can't take much comfort" from the project's financier breaking its silence, the FNM's deputy leader arguing that it merely confirmed "no deal is in hand".
Bahamas shrugs off FTX for perfect ‘40 out of 40’
The Bahamas yesterday shrugged off FTX’s implosion through what the attorney general hailed as the “enormous accomplishment” of a perfect score in the fight against financial crime.
Chamber hopes for ‘11th hour’ pre-Budget meeting with Gov’t
The private sector is still hoping for an ‘11th hour’ pre-Budget meeting with the Government, so it can help it present “the most viable” economic plan for the Bahamas.
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.
ATLANTIS EYES 12-14% GROUP BOOKING RISE
By NEIL HARTNELL Tribune Business Editor Atlantis is looking at a 12-14 per cent increase in group business for 2012, the head of Kerzner International's Bahamian operations yesterday saying its $50-$60 million annual capital expenditure plans would like
IBC directors urged: 'Ensure all deals legit'
IBC directors urged: 'Ensure all deals legit' By NEIL HARTNELL Tribune Business Editor Bahamian financial services professionals were yesterday urged to take their responsibilities as International Business Company (IBC) directors seriously and "make su
Bahamian insurer ‘bolstered’ after hurricane losses
* Security and General in Q4 capital injection * Performance ‘marginal’, ‘below average’ * Rival Summit also gets top ratings
A MAJOR Bahamian insurer has seen its balance sheet “bolstered” by its parent as a result of recent hurricane-related losses. A. M. Best, the insurance rating agency, said Security and General Insurance Company had received a fourth quarter capital injection from its Bermuda-based owner following recent storm payouts. The rating agency, which reaffirmed the Bahamian property and casualty insurer’s creditworthiness, provided few details and its top executive, Marlon Graham, did not return Tribune Business’s voice mail message yesterday seeking comment.
Govt told: ‘Stop bragging’ about $852m VAT funds
The Opposition’s finance spokesman yesterday urged the Government to “stop bragging” about its $852 million VAT revenues, as this represented monies sucked away from Bahamian consumers and businesses.
Govt told: ‘Cut inefficient taxes across the board’
The Government was yesterday urged by a leading governance reformer to reduce “inefficient taxes across the board” so that it could make room for potential Value-Added Tax (VAT) rate increases.
IMF fiscal reform delays 'may jeopardise recovery'
By NEIL HARTNELL Tribune Business Editor A failure to rapidly implement tax reforms "could jeopardise a sustained recovery" in the Bahamas, the International Monetary Fund (IMF) warning the Government's plans were "not sufficient" to reverse a rising $4.
The art of leadership
The art of leadership By Ian Ferguson As we prepare ourselves as a nation to select our political leaders for another term in office, the Chamber Voice begins a series on Leadership. Leadership is probably best defined as the ability a person has to bui
The art of leadership
The art of leadership By Ian Ferguson As we prepare ourselves as a nation to select our political leaders for another term in office, the Chamber Voice begins a series on Leadership. Leadership is probably best defined as the ability a person has to bui
The art of leadership
The art of leadership By Ian Ferguson As we prepare ourselves as a nation to select our political leaders for another term in office, the Chamber Voice begins a series on Leadership. Leadership is probably best defined as the ability a person has to bui
DON'T SETTLE FOR A SURVIVAL 'RUT'
By Ian Ferguson A paradigm is defined as a mindset or pattern of behaviour that appears to be the established norm. A paradigm shift, though, is the force driving individuals and organisations out of that prevailing mindset, propelling them towards a bri
BREA ‘emergency’ on ex-minister’s legal win
The Bahamas Real Estate Association’s (BREA) Board will tomorrow hold “an emergency meeting” to determine its response to losing a legal battle with a former Cabinet Minister.
$6.6bn debt ‘well beyond’ the need for stabilisation
The Bahamas is “well beyond” the point where it merely needs to “stabilise” its $6.6 billion national debt, a former Chamber chairman said yesterday, as he warned that the economy was showing “no desire for growth”.
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
SCOTIA'S $59M REVERSAL OF 'FIRST EVER NET LOSS'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) exceeded its 2011 internal projections through an almost $59 million reversal of its first-ever annual loss, its managing director telling Tribune Business it is targeting a "better year" for
