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Bahamas 'top of pack' on wealth management
By NEIL HARTNELL Tribune Business Editor Revised legislation will leave the Bahamas "at the top of the pack" among Caribbean financial centres when it comes to private wealth management, the Attorney General told Tribune Business yesterday. Lauding amend
THE 'BAHAMIAN DREAM' HAS SOURED FOR SO MANY
Anyone who reads the local newspapers cannot help but notice the large number of distressed Bahamian homes advertised for sale by banks under their mortgage powers. Never before in the history of the Bahamas have so many families suffered the humiliation,
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
BAHAMAS 'WELL BUFFERED' OVER CARRIER FALLOUT
By NEIL HARTNELL Tribune Business Editor The Bahamas is "well buffered" against any potential fallout from moves by American Eagle's parent to slash its workforce by up to 13,000, Tribune Business was told yesterday, the airline being among four-five car
Casino reforms keep expat resident bar
The Government’s decision not to allow permanent residents and work permit holders to gamble in Bahamian casinos is a “miniscule” issue that will not delay much-needed reform, a tourism industry executive said yesterday.
Local dive operators reject foreign ‘double tax’ offer
A foreign dive operator’s offer to pay double the legal charter fee has been rejected by his top Bahamian counterparts, who argue that this sum pales against the “30 per cent or more of revenue” that they pay in taxes.
Atlantis situation shows need for 'Chapter 11 laws'
By NEIL HARTNELL Tribune Business Editor The Bahamas Trade Commission's co-chairman yesterday called for new laws that would allow troubled, debt-burdened Bahamian companies to restructure, pointing out that the only current available options - receivers
INSOLVENT BANK'S CREDITORS TO GAIN $0.07 ON DOLLAR
By NEIL HARTNELL Tribune Business Editor Creditors of an insolvent Bahamian offshore bank are in line to recover less than seven cents ($0.07) of every dollar owed to them after the Supreme Court refused to give the liquidator leave to appeal a ruling, a
CIBC FirstCaribbean explores US listing
CIBC FirstCaribbean’s parent yesterday confirmed its subsidiary is exploring a US stock exchange listing, a move likely to stoke speculation of a Canadian bank withdrawal from the region.
Potential West End investors coming in 'once a month'
By NEIL HARTNELL Tribune Business Editor The owners/developers of some 500 acres at Grand Bahama's West End are bringing potential investors to inspect the site at least "once a month", Tribune Business was told yesterday, and remain optimistic they can
Potential West End investors coming in 'once a month'
By NEIL HARTNELL Tribune Business Editor The owners/developers of some 500 acres at Grand Bahama's West End are bringing potential investors to inspect the site at least "once a month", Tribune Business was told yesterday, and remain optimistic they can
Mortgage Corp's woes 'not good' for 70% of contractors'
Mortgage Corp's woes 'not good' for 70% of contractors' By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation's (BMC) 'going concern' woes are "not good news" for 70 per cent of Bahamian contractors who rely almost solely on the resi
GOVERNOR SAYS 2-2.5% GROWTH 'STILL ACHIEVABLE'
By NEIL HARTNELL Tribune Business Editor The Central Bank's governor yesterday said projected Bahamian economic growth of 2-2.5 per cent for 2012 remained "achievable" despite the gathering downside risks, while disclosing that the external reserves were
GOVERNOR SAYS 2-2.5% GROWTH 'STILL ACHIEVABLE'
By NEIL HARTNELL Tribune Business Editor The Central Bank's governor yesterday said projected Bahamian economic growth of 2-2.5 per cent for 2012 remained "achievable" despite the gathering downside risks, while disclosing that the external reserves were
COMPETITIVE AIR FARES, BUT 2/3 OF ROUTES ARE MONOPOLY
By NEIL HARTNELL Tribune Business Editor The Bahamian air transport market's competitiveness is not being impaired by the fact over two-thirds of its international routes are serviced by just one carrier, a draft national aviation policy revealing that t
Arawak Homes wins ruling on $1.1m profit loss
By NEIL HARTNELL Tribune Business Editor Arawak Homes has won a Court of Appeal ruling that is set to further impact potentially hundreds of landowners in the Sir Lynden Pindling Estates area, the developer claiming to have lost $1.11 million in gross pr
LIQUIDATION REFORMS TO GIVE NATION ADVANTAGE
By NEIL HARTNELL Tribune Business Editor Reforms to the Companies Act's liquidation regime that deal with assets held in trust are "very progressive" and give the Bahamas a competitive advantage over its main Caribbean international financial centre riva
'Almost $900m' raised on LPIA redevelopment
THE Nassau Airport Development Company (NAD) yesterday told Tribune Business it had now raised "almost $900 million" via six separate financial transactions, having just closed the final $225 million round to fund Lynden Pindling International Airport's (LPIA) $409.5 million redevelopment.
