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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.

BIFF ‘taken for ride’ over Dingman deal

The Bahamas International Film Festival’s (BIFF) founder yesterday said she was left “embarrassed”, and felt “taken for a ride”, after Jamie Dingman failed to deliver on his promised acquisition of the organisation.

PUT NATIONAL INTEREST 'IN FACE' OF ATLANTIS PARTIES

By NEIL HARTNELL Tribune Business Editor The Government has been urged to publish a "broad Bahamian policy" on Atlantis, a former finance minister urging it to put this nation's interests "in the face" of the parties starting to fight over the resort's o

QC urges 19% top earners income tax

A well-known QC yesterday urged the Bahamas to implement a 17-19 per cent income tax on persons earning over $50,000-$75,000 annually, arguing that fears of widespread evasion were overblown.

SKY'S THE LIMIT FOR $270K ROUTE INVESTMENT

By NEIL HARTNELL Tribune Business Editor Sky Bahamas expects to start seeing a return on its $270,000 investment in building its Marsh Harbour-West Palm Beach route in three months' time, telling Tribune Business it cost Bahamian-owned airlines twice as

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.

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.

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.

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

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