All results / Stories / Neil Hartnell
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.
Bank braces for $2.4m tax impact
Bank of the Bahamas is bracing for a $2.4 million fourth quarter hit from the 3 per cent ‘bank tax’ unveiled in the 2013-2014 Budget, its managing director yesterday expressing “cautious optimism” it would return to profitability in its 2015 financial year.
QC ‘awaits orders’ on Blackbeard’s Cay enforcement
A well-known QC is awaiting instructions from his environmental activist clients over how to enforce the judgment they obtained against the $8 million Blackbeard’s Cay project.
‘The s*** has hit the fan’
The Bahamian economy is paying the price for the Government’s “financial disasters” in attempting to run businesses, a leading executive blasting yesterday: “The s* has hit the fan.”
US govt blasts Bar Association
The US government has criticised the Bahamas Bar Association for failing to pursue complaints about the conduct of member attorneys, disclosing that several of its citizens had suffered “significant losses” on flawed real estate deals.
INSURER 'PURSUES' SCOTIABANK GROUP POLICY CONCERNS
By NEIL HARTNELL Tribune Business Editor Bahamas First yesterday said it would be "quite aggressive in pursuing" complaints that Scotiabank (Bahamas) was directly contacting its mortgage clients and urging them to switch to the bank's group homeowners in
INSURER 'PURSUES' SCOTIABANK GROUP POLICY CONCERNS
By NEIL HARTNELL Tribune Business Editor Bahamas First yesterday said it would be "quite aggressive in pursuing" complaints that Scotiabank (Bahamas) was directly contacting its mortgage clients and urging them to switch to the bank's group homeowners in
‘Light at end of tunnel’ on Govt mobile buyout
Between 40,000-50,000 Bahamians could own a stake in the second mobile operator’s majority shareholder, with efforts to buy out the Government now glimpsing “light at the end of the tunnel”.
Bahamians overlook ‘significant progress’
Too many Bahamians are overlooking this nation’s “significant economic progress” because they are focusing on issues that “have not a Christ thing to do with sustainable development”, a leading businessman believes.
Freeport: Further uncertainty over VAT TIN demand
Fears are mounting that Freeport’s commercial environment is being further stifled by a new Customs edict that all Grand Bahama Port Authority (GBPA) licensees must obtain a VAT TIN number.
Be ‘mad as hell’ with PLP, FNM
The Bahamian people “should be mad as hell” with both the PLP and FNM for placing the country in a position where it is being threatened with a downgrade to ‘junk’ status, the Democratic National Alliance’s (DNA) leader has charged.
Renewable energy firm 'sidelined' by BEC on tender
By NEIL HARTNELL Tribune Business Editor A renewable energy provider has told Tribune Business it felt "sidelined" by the Bahamas Electricity Corporation's (BEC) decision to close its open bidding process and then subsequently sign an agreement with Ocea
IMF's 2.5% Bahamas growth is 'a stretch'
THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it would "really be a stretch" for the Bahamian economy to achieve the newly-released International Monetary Fund's (IMF) projected 2.5 per cent GDP growth rate for 2012, unless it and the Government knew something 'outsiders' did not.
BCA chief: 'Many smaller builders' oppose regulation
BCA chief: 'Many smaller builders' oppose regulation By NEIL HARTNELL Tribune Business Editor Many smaller Bahamian contractors do not support the Bahamian Contractors Association (BCA) or its push for legislation to regulate the industry, the latter's
BCA chief: 'Many smaller builders' oppose regulation
BCA chief: 'Many smaller builders' oppose regulation By NEIL HARTNELL Tribune Business Editor Many smaller Bahamian contractors do not support the Bahamian Contractors Association (BCA) or its push for legislation to regulate the industry, the latter's
BEC chairman: Renewable firm 'mischaracterised' RFP-end response
By NEIL HARTNELL Tribune Business Editor BEC's executive chairman has told Tribune Business that the Corporation's renewable energy tender (RFP) ended because no proposal met its required standards, adding that his answer on this had been "mischaracteris
Gaming Board lacks ‘oversight structure’ for numbers houses
* Minister: Changes to make regulator ‘more relevant’ * Gaming Board will ‘look very different’ in five years * ‘92,000 didn’t vote for us to maintain status quo’
RECENT downsizings are intended to make the Gaming Board “more relevant” and help it cope with the “seismic changes” created by web shops, a Cabinet minister said yesterday. Dionisio D’Aguilar, who has ministerial responsibility for gaming, told Tribune Business that the industry regulator will “look extremely different from the Gaming Board of today within five years”.
Gov’t told: Don’t adjust tariffs at ‘last minute’
The Government was yesterday warned it has one month to inform auto dealers about whether the industry’s Excise Tax rates will be lowered to compensate for Value-Added Tax (VAT), otherwise it may see revenue generated by the sector drop-off in the New Year.
PM 'in la la land' on Bimini as top PPP
A well-known QC yesterday said Prime Minister Prime Minister Perry Christie was “living in la la land” to tout the Resorts World Bimini development as the best example of a successful public-private sector partnership (PPP).
Deloitte to collect $100m in ‘bad’ BOB commercial loans
The Government yesterday confirmed Tribune Business’s disclosure earlier this week that Deloitte & Touche has been selected as the accounting firm charged with collecting on $100 worth of ‘bad’ commercial loans formerly belonging to Bank of the Bahamas.