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Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' Sub-Deck: * Arawak Homes chief says foreclosed properties creating over-supply further depressing market * Says IMF suggesting 'current public policy not adequate' * Bahamian living standards 'in decline' File

HOMEBUILDER AT '1/3 OF PRE-CRISIS LEVELS'

By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the company now having to compete against an over-

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the com

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the com

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the com

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the com

Religious broadcaster endorses the Bahamas

A key religious broadcaster has endorsed the Bahamas at his organisation's recent annual convention. "In the Bahamas we find an amiable people who share our deep Christian convictions, and a meeting location that is second to none," Dr Frank Wright, execu

Religious broadcaster endorses the Bahamas

A key religious broadcaster has endorsed the Bahamas at his organisation's recent annual convention. "In the Bahamas we find an amiable people who share our deep Christian convictions, and a meeting location that is second to none," Dr Frank Wright, execu

FINCO non-accruals strike 11.84% mark

FINCO non-accruals strike 11.84% mark By NEIL HARTNELL Tribune Business Editor Finance Corporation of the Bahamas (FINCO) saw its non-performing loans increase by less than 1 per cent or $519,000 during the first quarter of its 2012 financial year, hitt

FINCO non-accruals strike 11.84% mark

FINCO non-accruals strike 11.84% mark By NEIL HARTNELL Tribune Business Editor Finance Corporation of the Bahamas (FINCO) saw its non-performing loans increase by less than 1 per cent or $519,000 during the first quarter of its 2012 financial year, hitt

BELLEVUE OPENS LATEST DIVISION

Bellevue Business Depot has opened its latest division, Bellevue Contract Furnishings & Design. "The concept of the Bellevue Contract Furnishings & Design has been quietly brewing in the background of Bellevue Business Depot," said Monique Graham, manag

Lessons to learn in regulatory debacle

Dear Sir, Re: ONTARIO SECURITIES COMMISSION (OSC) and AMERON OIL AND GAS LTD et al. The news that Gaye Knowles was forced to settle with the OSC in the case originally brought against him and others, including Ameron, Mx-IV, Anthony Howorth and Giorgio

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Bahamasair's $120m finance for new fleet

Two major global financial institutions have been hired to raise $120 million for Bahamasair before year-end, Tribune Business can reveal.

Five years until Credit Bureau is ‘meaningful’

Commonwealth Bank’s president yesterday said it could take up to five years for the proposed Credit Bureau to become a “meaningful tool” for commercial banks, due to the time required to build its database.

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CWC: BTC ‘lags’ region despite $75m investment

The Bahamas Telecommunications Company’s (BTC) controlling owner yesterday conceded that its network quality “lags” much of the Caribbean and wider world, despite increasing its capital investment by 47 per cent last year.

MP fears Baha Mar impact on sovereign rating

An Opposition MP yesterday warned that the Bahamas’ sovereign creditworthiness could be “very negatively” impacted if the $3.5 billion Baha Mar project fails to open within the next three to six months.

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QC demands new Port ownership

A well-known QC has called for new ownership and management at the Grand Bahama Port Authority (GBPA), arguing that this is a major reason for Freeport’s “listlessness”.

‘Deceptive indicators’ hurt Budget estimates

The Chamber of Commerce’s chairman believes the use of “misnomers and deceptive indicators” are causing the Government to consistently miss unrealistic Budget and fiscal targets.

BOB two years from profitability

Prime Minister Perry Christie yesterday revealed it will take a further two years for Bank of the Bahamas to return to profitability, as he confirmed plans to recapitalise the troubled institution.

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Brewery unveils'strong Q1' with44% profits rise

Commonwealth Brewery is today unveiling a "strong first quarter" for 2012 with net income up 44.2 per cent year-over-year, its management team telling Tribune Bus