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Standing out in the crowd

By Deidre Bastian It's no secret that the Internet has tremendously impacted the advertising industry, and online ads are continuing to increase in volume each year. But does this indicate that print advertising is over and will die a slow death? A frien

Port licensees' 'left at mercy' of Customs

By NEIL HARTNELL Tribune Business Editor The Supreme Court has left Grand Bahama Port Authority (GBPA) licensees and their $80-$120 million 'bonded economy' "without any recourse" against alleged Customs abuses, a leading QC telling Tribune Business he w

TELL, BUT DON'T SELL, YOUR FIRM'S STORY

By D'Arcy Rahming The first time I tried to use Facebook Ads in one of my businesses a couple of years ago, I lost a lot of money. I mean, everything seemed to be going so well. A lot of people were expressing interest in my page judging by the number of

INSURANCE BROKERS: OVER 25% TO 'FALL OFF'

By NEIL HARTNELL Tribune Business Editor More than 25 per cent of all existing Bahamian insurance brokers and agents are unlikely to be licensed under the new Act governing the sector, the Insurance Commission told Tribune Business yesterday. Arvind Bagh

CAR DEALERS SUFFER $75M REVENUE HIT

By NEIL HARTNELL Tribune Business Editor Bahamas Motor Dealers Association (BMDA) members saw their collective sales revenues fall by more than $75 million over the first 10 months of the years between 2009-2011, one dealer suggested yesterday, although

CAR DEALERS SUFFER $75M REVENUE HIT

By NEIL HARTNELL Tribune Business Editor Bahamas Motor Dealers Association (BMDA) members saw their collective sales revenues fall by more than $75 million over the first 10 months of the years between 2009-2011, one dealer suggested yesterday, although

ZNS blasts Cable on ad 'dumping'

By NEIL HARTNELL Tribune Business Editor ZNS has alleged that Cable Bahamas' previous Channel 12 tie-up with a radio station owned by a former PLP Cabinet Minister was politically motivated, and an attempt to "cut a deal" with the Christie administration

BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS

By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its

BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS

By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its

BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS

By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its

Broker 'optimistic' doctors' captive issues resolved

Broker 'optimistic' doctors' captive issues resolved By NEIL HARTNELL Tribune Business Editor A Bahamas-based insurance executive is "optimistic" that differences with the regulator over a captive insurer providing coverage to 70-80 Bahamian physicians

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Sarkis loses bid to buy $192m claims

The Supreme Court yesterday ruled it was legally impossible for Sarkis Izmirlian to acquire the rights to Baha Mar’s $192 million damages claim against the project’s contractor.

BTC warns union on its 'long-term health'

BTC warns union on its 'long-term health' By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC) last night reminded the trade unions representing its staff that it had to safeguard its "long-term health", since an unfavou

Tax crackdown: Govt hits 6,000 businesses, 5,000 property owners

The Government last night unveiled its promised crackdown on tax defaulters, promising to first pursue the largest, wealthiest delinquents - some 6,000 businesses and 5,000 high-end property owners.

Trade deficit narrows 9.7%

The Bahamas experienced a 9.7 per cent drop in its trade deficit to $2.554 billion in 2013, largely due to an almost-$300 million fall in its import bill.

BTC to 'exceed' $60- $80m earnings goal

BTC to 'exceed' $60- $80m earnings goal By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC) will beat its $60-$80 million operating income projections for 2012 after generating cost savings faster than anticipated, alth

PM 'elated' over 75% Our Lucaya occupancy level

By NEIL HARTNELL Tribune Business Editor The Prime Minister said he was "elated" upon learning that Our Lucaya's current occupancy levels were at 75 per cent, adding that an owner other than Hutchison Whampoa would likely have closed the Freeport resort.

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Pension providers enjoy ‘significant’ 100% inquiry rise

Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.

Bahamasair reduces staff 12% in 5 years

Bahamasair reduces staff 12% in 5 years By NEIL HARTNELL Tribune Business Editor Bahamasair has reduced staff levels through "natural attrition" by more than 12 per cent over the past five years, Tribune Business was told yesterday, while improving its

Tax delinquents warned to brace for ‘shock treatment’

Major tax defaulters were yesterday warned to brace for “shock treatment” from the Government’s recently-unveiled tax crackdown, the Bahamas Chamber of Commerce’s (BCCEC) chairman giving his “strong support” to the initiative.