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BTC mobile competitor ‘not planning to lose’

The Bahamas’ second mobile operator says it is “not planning to lose”, as it kicked-off its market entrance with the introduction of the ‘Aliv’ brand, promising to deliver a superior experience and customer plans.

Ex-minister pledges to battle $2.57m reversal

An ex-Cabinet minister has pledged "to fight on principle" a $2.57 million damages award against himself and his law firm, which the Court of Appeal last week backed as enforceable.

Court: ‘No deal’ for 25,000 acre property

An $11.5 million deal to purchase the 25,000 acre property that was once Long Island’s largest employer cannot be concluded because there was never “an enforceable sales contract”, the Privy Council ruled yesterday.

Broker ‘in peril’ if it meets US demands

A Bahamian broker/dealer will “act at its peril” should it comply with US federal regulators’ demands to produce thousands of documents relevant to their ongoing New York legal battle.

Mango provider eyes staff, retail 'ramp up'

Mango provider eyes staff, retail 'ramp up' By NEIL HARTNELL Tribune Business Editor Transfer Solutions Providers (TSP), the Mango card provider, yesterday said it was planning "within two-three months" to ramp up staff levels to 20-25 employees and ope

PHA: 20% local spend rise rebuts ‘wipe out’ fears

The Public Hospitals Authority (PHA) yesterday said the 20 per cent increase in spending with Bahamian pharmaceutical wholesalers over a two-year period proves that fears it is intent on “wiping out” the industry are groundless.

Freeport investment law blasted as ‘anti-business’

Freeport’s new tax incentives law was yesterday branded an “abomination” and “anti-business” by an FNM Senator, who argued that it will undermine both the city’s founding agreement and economic growth.

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Gov't 'good faith' key to Brewery's 100-job growth

Sands Beer’s manufacturer yesterday said its planned $15 million growth strategy, which could more than double its workforce via the creation of “over 100” jobs in the next five-10 years, depends on the Government maintaining the ‘tax advantage’ it holds over its BISX-listed rival.

WTO benefits: ‘Better appreciation’ needed

The Bahamas needs to better understand the costs and benefits associated with becoming a full World Trade Organisation (WTO) member, the Chamber of Commerce’s chairman yesterday warning it could not compromise its $8 billion economy to protect one industry.

Cable slams ‘ill-timed’ INternet, TV price caps

Cable Bahamas warned regulators that their decision to impose price caps on its pay-TV and Internet services would be “ill-timed, intrusive and disproportionate”, arguing that these controls were unnecessary due to emerging competition.

Second mobile operator begins launch process

Cable Bahamas yesterday said the clock had started running on the aggressive roll-out timetable for the second mobile operator to launch services to 99 per cent of New Providence within three months, after the Government approved its licensing.

$20M FIRE LOSSES 'UNPRECEDENTED'

By NEIL HARTNELL Tribune Business Editor A leading Bahamian general insurer yesterday said the pre-recession 60/40 split in its auto book had been reversed in favour of third party coverage, with 2011 an "unprecedented" year for large fire-related claims

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

BAHA MAR'S OCCUPANCIES 3-4% ABOVE FORECAST LEVEL

By NEIL HARTNELL Tribune Business Editor While occupancies at Baha Mar's two existing Cable Beach resorts are trending 3-4 per cent ahead of 2012 forecasts, the resort developer yesterday said they had yet to reach "levels considered acceptable", followi

Super Value chief: Prices up 2-3% with new Port

SUPER Value's owner yesterday warned the price of many grocery items is likely to increase by at least 2-3 per cent, having been told that freight rates will rise by 10 per cent due to the new/revised charges being imposed by the Arawak Cay Port.

$30m Town Centre 'shooting' for Xmas 2012 completion

$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus

$30m Town Centre 'shooting' for Xmas 2012 completion

$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus

$30m Town Centre 'shooting' for Xmas 2012 completion

$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus

Web shop owner in $27m bank rescue

By NEIL HARTNELL Tribune Business Editor Bahamas-based web shop boss, Craig Flowers, along with BISX-listed Bank of the Bahamas International, were both separately approached to rescue a bust Turks & Caicos bank that required a $27 million injection to r

Web shop owner in $27m bank rescue

By NEIL HARTNELL Tribune Business Editor Bahamas-based web shop boss, Craig Flowers, along with BISX-listed Bank of the Bahamas International, were both separately approached to rescue a bust Turks & Caicos bank that required a $27 million injection to r