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‘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.
PM: Atlantis makes granting Chinese demands impossible
The Prime Minister yesterday said Atlantis’s ‘most favoured investor’ status made it impossible for him to grant the type of incentives the Chinese were said to be demanding over Baha Mar.
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”.
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.
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
‘Don’t squander’ tax reform opportunity
THE Bahamas was yesterday urged “not to squander the opportunity” presented by outside pressures to undertake comprehensive tax reform and reposition its economy.
Atlantis takeover 'best thing that ever happened'
By NEIL HARTNELL Tribune Business Editor Brookfield Asset Management's ownership takeover at Atlantis and the One & Only Ocean Club has been described by a leading accountant as "the best thing that ever happened for the Bahamas". Raymond Winder, managin
NHI: Gov’t warned on ‘significant error’
The Government is “making a significant error” over National Health Insurance (NHI) by allowing the initiative to become potentially “divisive”, a well-known businessman warned yesterday.
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
Gov't completes 'big architecture' on renewables
Gov't completes 'big architecture' on renewables By NEIL HARTNELL Tribune Business Editor The Ingraham administration has completed "the big architecture" to reform the energy industry and pave the way for renewable sources, the minister for the environ
Gov't completes 'big architecture' on renewables
Gov't completes 'big architecture' on renewables By NEIL HARTNELL Tribune Business Editor The Ingraham administration has completed "the big architecture" to reform the energy industry and pave the way for renewable sources, the minister for the environ
Gov't completes 'big architecture' on renewables
Gov't completes 'big architecture' on renewables By NEIL HARTNELL Tribune Business Editor The Ingraham administration has completed "the big architecture" to reform the energy industry and pave the way for renewable sources, the minister for the environ
FIELDS NAMED AS TOP INSURANCE REGULATOR
By NEIL HARTNELL Tribune Business Editor Former ColinaImperial executive Michele Fields has been appointed as the Bahamas' chief insurance regulator, Tribune Business can reveal, the Government believing her industry background will allow enhanced superv
HUTCHISON CHIEF: GRAND LUCAYAN IN 'PERILOUS POSITION'
By NEIL HARTNELL Tribune Business Editor All Grand Bahamians need to realise the Grand Lucayan resort is in a "perilous position", a senior Hutchison Whampoa executive told Tribune Business yesterday, adding that the Hong Kong-based conglomerate was "fra
HUTCHISON CHIEF: GRAND LUCAYAN IN 'PERILOUS POSITION'
By NEIL HARTNELL Tribune Business Editor All Grand Bahamians need to realise the Grand Lucayan resort is in a "perilous position", a senior Hutchison Whampoa executive told Tribune Business yesterday, adding that the Hong Kong-based conglomerate was "fra
