All results / Stories / Neil Hartnell
$225m World Mart principals 'very encouraged' over Chinese meetings
ONCE of the principals behind the proposed $225 million trade market proposed for Freeport yesterday told Tribune Business they were "very encouraged" by the outcome of meetings with China-based strategic partners, and hoped to engage the new PLP government over a Heads of Agreement for the project shortly.
BROKERS LOSE 'TONNES OF BUSINESS' OVER SCOTIA GROUP POLICY
By NEIL HARTNELL Tribune Business Editor Bahamian insurance brokers have "lost tonnes of business" to Scotiabank (Bahamas) group homeowners insurance programme, a former Bahamas Insurance Brokers Association (BIBA) president yesterday saying both parties
BROKERS LOSE 'TONNES OF BUSINESS' OVER SCOTIA GROUP POLICY
By NEIL HARTNELL Tribune Business Editor Bahamian insurance brokers have "lost tonnes of business" to Scotiabank (Bahamas) group homeowners insurance programme, a former Bahamas Insurance Brokers Association (BIBA) president yesterday saying both parties
BROKERS LOSE 'TONNES OF BUSINESS' OVER SCOTIA GROUP POLICY
By NEIL HARTNELL Tribune Business Editor Bahamian insurance brokers have "lost tonnes of business" to Scotiabank (Bahamas) group homeowners insurance programme, a former Bahamas Insurance Brokers Association (BIBA) president yesterday saying both parties
AG: We’ll deal with ‘major slippage’ in anti-launder regime
THE Attorney General yesterday pledged to address the Bahamas’ “significant slippage” in the battle against financial crime through roll-out of its National Risk framework before year-end.
$180M INVESTMENT FOR BORCO IN 2012
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent company is planning to invest between $130-$180 million, more than half its total 2012 capital expenditure, in upgrading the Grand Bahama-based oil storage facilit
Consolidated Water: Bahamas revenues grow 22.5% in 2011
By NEIL HARTNELL Tribune Business Editor Revenues generated by BISX-listed Consolidated Water's Bahamian operations increased by 22.5 per cent year-over-year during 2011 to total just shy of $20 million, accounting for a five percentage point increase in
Gov't warned: 'We can't take another shock' with NHI
The Government was yesterday warned that National Health Insurance (NHI) would not succeed without private sector buy-in, one executive warning: "The economy cannot take another shock." Edison Sumner, the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chief executive, told Tribune Business that an unsustainable NHI programme could have "catastrophic effects for a fragile economy" that was still bedding down Value-Added Tax (VAT).
Bahamasair eyes 'break even' despite $21m loss
Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua
Gov't urged: End 'ridiculous foot dragging' on BEC
The Government has been urged to end its "ridiculous foot dragging" over the Bahamas Electricity Corporation's (BEC) part-privatisation and wider energy reform, as the private sector readies its own study on the issue.
Bahamasair suffers $8.5m income loss
BAHAMASAIR has warned the trade union rep- resenting its line staff that it faces “stark financial realities”, having lost $8.5 million in income this financial year with the possibility of further setbacks to come.
Broker severs ties with ex-investor over $1m ‘misuse’
A Bahamian broker/dealer yesterday said it had severed all ties with a former shareholder after he allegedly misappropriated $1 million that was intended to be an equity investment in the firm.
AIRLINE HOPES LPIA WOES STAY BELOW $100,000
By NEIL HARTNELL Tribune Business Editor A leading Bahamian-owned airline yesterday said it was hoping that extra fuel and overtime costs incurred due to delays at Lynden Pindling International Airport (LPIA) over the Christmas-New Year week did not hit
Gov't: No success on new Royal Oasis deal
Gov't: No success on new Royal Oasis deal By NEIL HARTNELL Tribune Business Editor The Government's efforts to encourage a deal that would see Grand Bahama's still-closed 840-room Royal Oasis resort change ownership have yet to bear fruit, the minister
COMMISSION URGED: TAKE 'STRONG ACTION' OVER CITY MARKETS
By NEIL HARTNELL Tribune Business Editor A well-known financial analyst yesterday urged the Securities Commission to take strong, swift public action to protect the 22 per cent minority investors in City Markets' operating company, warning that "the inte
Small Business Agency to avoid Mortgage Corp lending pitfalls
Small Business Agency to avoid Mortgage Corp lending pitfalls By NEIL HARTNELL Tribune Business Editor The proposed Agency to facilitate small and medium-sized business growth in the Bahamas is designed to avoid the pitfalls being experienced by the Bah
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
‘Penny wise and pound foolish’
A well-known surgeon has branded the Public Hospitals Authority’s (PHA) move to exclude Bahamian wholesalers from the pharmaceutical drugs supply chain as “penny wise and pound foolish”.
BROKERS 'CUT OUT' OF HOMEOWNERS INSURANCE MARKET
By NEIL HARTNELL Tribune Business Editor The outgoing Bahamas Insurance Brokers Association's (BIBA) president has again complained that ties between commercial banks and large brokers are "cutting everyone else out" of the homeowners insurance market, w
