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Banks: SWITCH 'decision likely' by end-April
By NEIL HARTNELL Tribune Business Editor The commercial banking industry will "likely make some decisions" by end-April 2012 on the establishment of a local SWITCH network, something that will allow Bahamians debit card access to funds in their chequing
Banks: SWITCH 'decision likely' by end-April
By NEIL HARTNELL Tribune Business Editor The commercial banking industry will "likely make some decisions" by end-April 2012 on the establishment of a local SWITCH network, something that will allow Bahamians debit card access to funds in their chequing
Banks: SWITCH 'decision likely' by end-April
By NEIL HARTNELL Tribune Business Editor The commercial banking industry will "likely make some decisions" by end-April 2012 on the establishment of a local SWITCH network, something that will allow Bahamians debit card access to funds in their chequing
SPEED WEEK CHIEF EYES 2,500-3,000 EXTRA ROOM NIGHTS
By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week's president has estimated that the revival event generated between 2,500-3,000 room nights for the Bahamian hotel industry, describing its economic impact as "quite substantial". While Bahamas S
‘No guarantees’ for web shops
Web shop operators were yesterday said to be “very concerned” over the uncertainty and lack of any guarantees surrounding the industry’s impending legalisation.
Baha Mar guest: ‘I’ll only return to look at the ruins’
A Houston entrepreneur says he will never return to the Bahamas unless it is to view “the ruins of the Baha Mar disaster”, after the enforced cancellation of his wedding left him $100,000 “out of pocket”.
Drug wholesalers yet to feel PHA’s 20% spend rise
Major Bahamian pharmaceutical wholesalers last night said they were yet to feel the benefits of the Public Hospitals Authority’s (PHA) 20 per cent ‘local’ spending increase, with two reporting a decline in government sales this year.
BEC manager-elect slams 'fraud by hindsight' claim
The Bahamas Electricity Corporation's (BEC) prospective manager has dismissed as "fraud by hindsight" claims that it artificially inflated its stock price prior to a one-day wipe-out that erased $250 million in shareholder value.
Roberts: Abaco interests up 11%
SUPER Value's owner has told Tribune Business that Abaco has proven "more resilient" to the global recession than any other Bahamas island, with his interests on the island seeing an 11 per cent increase in business year-over-year.
Tackle other 'flies in ointment' of Freeport, says QC
By NEIL HARTNELL Tribune Business Editor The Government's decision to establish a committee to revise the Customs Guide to Freeport was yesterday hailed as "a first step to breathe modern life back into the Hawksbill Creek Agreement", a leading QC tellin
Tackle other 'flies in ointment' of Freeport, says QC
By NEIL HARTNELL Tribune Business Editor The Government's decision to establish a committee to revise the Customs Guide to Freeport was yesterday hailed as "a first step to breathe modern life back into the Hawksbill Creek Agreement", a leading QC tellin
Gov't urged: 'Change air cargo fines today'
The Government has been urged to "amend right away this Monday" the new and increased Customs sanctions on air cargo operators, a Bahamian courier company branding them "ridiculous".
IMF slashes Bahamas 2016 growth to 1.5%
The International Monetary Fund (IMF) has slashed its 2016 growth forecast for the Bahamas by a further 0.7 percentage points to just 1.5 per cent, due to the Baha Mar impasse.
SEC moving for sanctions against broker’s principal
US federal regulators are seeking sanctions and a default judgment against the Bahamian principal of a broker/dealer for failure to comply with a New York court’s order.
AG’s Office: We bungled Blackbeard’s Cay appeal
The Attorney General’s Office has admitted that the Government’s appeal over the $8 million Blackbeard’s Cay project was thrown out because it was asleep on the job.
Landfill chief: ‘Don’t read anything’ into our CEO transition
Renew Bahamas’ principal shareholder yesterday said “nothing can be read” into his stepping down as the New Providence landfill manager’s chief executive, as concerns persist over its financial health.
Bahamas can take $5-$10bn premium 'captive' with focus
Bahamas can take $5-$10bn premium 'captive' with focus By NEIL HARTNELL Tribune Business Editor The Bahamas could attract between $5-$10 billion in premium income within five years if it made a concerted effort to re-establish itself as a captive insura
Despite 42% productivity rise, BTC off on 'efficiency'
By NEIL HARTNELL Tribune Business Editor Despite beating many countries via a 42 per cent improvement in a key productivity benchmark between 2006-2009, the sector regulator last night suggested the Bahamas Telecommunications Company's (BTC) 2010 account
Developer incurs 'north of $3m' in legal battle costs
By NEIL HARTNELL Tribune Business Editor Arawak Homes has incurred legal costs "north of $3 million" over the past 15 years in defending its title to land in Nassau's Sir Lynden Pindling Estates, its president telling Tribune Business yesterday that "up
Developer incurs 'north of $3m' in legal battle costs
By NEIL HARTNELL Tribune Business Editor Arawak Homes has incurred legal costs "north of $3 million" over the past 15 years in defending its title to land in Nassau's Sir Lynden Pindling Estates, its president telling Tribune Business yesterday that "up
