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Provider: We can support asset ‘doubling’ to $900m
A Bahamian financial services provider yesterday said it has the infrastructure to support a “doubling” in size to over $900 million in assets under administration, as it seeks to avoid being “pigeon-holed” in the corporate market.
IDB brands price controls ‘poorly targeted subsidy’
The Government’s price controls are a poorly-targeted mechanism to counter soaring 16 percent food inflation as they benefit the rich as much as low income and vulnerable families, a multilateral lender is arguing.
Gov’t narrows inner city taxation breaks
The Government yesterday appeared to narrow its planned VAT and inner-city ‘tax breaks’, while seeking to deliver on campaign promises of accountability, transparency and good governance.
CHAMBER CHIEF TO TACKLE FREEPORT'S BOND 'HEAD ON'
By NEIL HARTNELL Tribune Business Editor The Grand Bahama Chamber of Commerce's newly-elected president yesterday called for the ongoing controversy surrounding Freeport's 'bonded goods' regime to be "resolved once and for all", as licensee complaints ov
'NAIL IN COFFIN' OF FREEPORT'S $70-$120M BOND ECONOMY
By NEIL HARTNELL Tribune Business Editor Bahamas Customs was yesterday accused of "putting another nail in the coffin of Freeport's" $70-$120 million bonded goods economy, a leading attorney describing the terms it was setting as a "bureaucratic perversi
'NAIL IN COFFIN' OF FREEPORT'S $70-$120M BOND ECONOMY
By NEIL HARTNELL Tribune Business Editor Bahamas Customs was yesterday accused of "putting another nail in the coffin of Freeport's" $70-$120 million bonded goods economy, a leading attorney describing the terms it was setting as a "bureaucratic perversi
'NAIL IN COFFIN' OF FREEPORT'S $70-$120M BOND ECONOMY
By NEIL HARTNELL Tribune Business Editor Bahamas Customs was yesterday accused of "putting another nail in the coffin of Freeport's" $70-$120 million bonded goods economy, a leading attorney describing the terms it was setting as a "bureaucratic perversi
'NAIL IN COFFIN' OF FREEPORT'S $70-$120M BOND ECONOMY
By NEIL HARTNELL Tribune Business Editor Bahamas Customs was yesterday accused of "putting another nail in the coffin of Freeport's" $70-$120 million bonded goods economy, a leading attorney describing the terms it was setting as a "bureaucratic perversi
Rival Bahamian bidders in fight for last Gov’t hotel
Rival Bahamian-led bids with strong Andros connections are battling to acquire the last government-owned hotel, Tribune Business can reveal, with at least one proposal focusing on eco-tourism. Prescott Smith, owner of Stafford Creek Lodge, confirmed to Tribune Business that he was heading one group seeking to buy the Fresh Creek-based Lighthouse Club from the Government-owned Hotel Corporation of the Bahamas.
QC: Legalisation of web shops has defied the critics
The web shop industry’s legalisastion has produced the opposite effect to the predictions of many critcs, a well-known QC has argued.
$1.23M PREFERENCE PAYOUT CAUSES BOB INVESTORS Q1 LOSS
By NEIL HARTNELL Tribune Business Editors Bank of the Bahamas International's ordinary shareholders suffered a minor $141,676 loss during the institution's fiscal 2012 first quarter, as timing issues related to $1.231 million in preference share dividend
SECOND BAHAMIAN JOINS NAD TOP RANK
A second Bahamian has joined the Nassau Airport Development Company's (NAD) top executive ranks. Kevin McDonald has been appointed to the position of vice-president of maintenance and engineering, with effect from January 1, 2012. He will also become an
Ex-minister: Dingman case 'waste of judicial resources'
Trying the $1.1 million damages claim against Jamie Dingman's failed Nassau restaurant empire in New York will be "a waste of judicial resources", a former Cabinet minister is arguing.
Baha Mar delay: ‘We’re all losers’
A leading businessman yesterday rounded on the “despicable critics” of Baha Mar’s principals, and said of the $3.5 billion project’s delayed opening: “We are all losers.”
Minister to activists: Don’t deny us jobs
A Cabinet Minister yesterday urged environmental activists to be “balanced and responsible” when launching legal actions against legitimate developers, warning that these could deny Bahamians much-needed “economic benefits”.
CLICO liquidator saves $670,000 from IRS clutches
CLICO liquidator saves $670,000 from IRS clutches By NEIL HARTNELL Tribune Business Editor CLICO (Bahamas) liquidator has freed up "significant cash" worth some $670,000 by negotiating a settlement of the US Internal Revenue Service's (IRS) tax claim ag
City Markets sale may close 'within 2 weeks'
City Markets sale may close 'within 2 weeks' By NEIL HARTNELL Tribune Business Editor City Markets' weekend 'Blow Out' sale was designed to clear all existing inventory prior to the supermarket chain's purchase, its current majority owner revealing a de
Liquidator targeting Govt’s $720k oil fee
Some $720,000 in oil exploration license fees that were paid to the Bahamas Government are being targeted by a Cayman-based liquidator, who has written to two Cabinet ministers seeking their assistance in recovering the funds.
Unions’ strike threat ‘like child’s tantrum’
Trade unions have been urged not to “throw a child’s tantrum” over the Sandals situation, the Chamber of Commerce’s chairman warning against any strike action that would “cripple” businesses.
Mayaguana deal 'tremendous coup' for government
Mayaguana deal 'tremendous coup' for government By NEIL HARTNELL Tribune Business Editor The Hotel Corporation's chairman has described the revised Heads of Agreement for the I-Group's Mayaguana development as "a tremendous political coup" for the Ingra
