All results / Stories / Neil Hartnell

LAND PURCHASERS URGED: DON'T USE VENDOR'S ATTORNEY

By NEIL HARTNELL Tribune Business Editor Arawak Homes executives yesterday warned Bahamians not to use the same attorney as the seller when purchasing real estate, given the potential for 'conflicts of interest' to arise. Speaking after the developer won

AML Foods closes Carl’s Jr franchise

AML Foods has decided to pull the plug on its Carl’s Jr franchise and close all three outlets, Tribune Business confirmed yesterday, although no job losses will result.

Baha Mar’s expat hires told to leave

Baha Mar has told several expatriate hires to leave the Bahamas because construction delays mean there are no jobs for them to step into, amid suggestions it is seeking additional financing to complete the $3.5 billion project.

Ex-BCA chief may not have obtained ‘fair trial’

Prosecutors “singularly failed” to prove that a former Bahamian Contractors Association (BCA) president stole electricity at a prominent downtown Nassau property that he managed, the Court of Appeal ruled.

‘No way’ Bahamas can be cut to junk

There is “no way” that Moody’s can cut the Bahamas to ‘junk’ status because it is still meeting all its debt obligations as they become due, a former finance minister argued yesterday.

Buyers 'pull back' on Moody's threat

International buyers are "pulling back" due to uncertainties caused by Moody's threatened downgrading of the Bahamas to 'junk' status, realtors have warned.

NAD eyes fee rise after $15.1m loss

The Nassau Airport Development Company (NAD) is currently mulling another fee increase, as it predicts a “few more years” of losses following $15.1 million in ‘red ink’ incurred during its 2015 financial year.

Don’t make Moody’s a ‘political football’

The Bahamas will have “no one to blame but ourselves” if Moody’s follows through with its threat of a potential ‘junk’ downgrade, the Chamber of Commerce’s chief executive yesterday urging all politic

'PAYING THE PRICE' ON IMBALANCED POLICY RESPONSE

By NEIL HARTNELL Tribune Business Editor The Bahamas could end up "paying the price" for failing to employ a balanced countercyclical policy response to the 2007-2009 recession, a former finance minister warning yesterday this nation could find itself at

'PAYING THE PRICE' ON IMBALANCED POLICY RESPONSE

By NEIL HARTNELL Tribune Business Editor The Bahamas could end up "paying the price" for failing to employ a balanced countercyclical policy response to the 2007-2009 recession, a former finance minister warning yesterday this nation could find itself at

‘No cause for celebration’ over S&P breathing room

* Bahamas ‘still has to climb out of hole’ * But Chamber chief ‘fully expects’ 2018 upgrade * Many Bahamians don’t realise reform ‘gravity’

PRIVATE sector executives yesterday said the Bahamas has “no cause for celebration yet” after Standard & Poor’s (S&P) elected not to further downgrade its sovereign creditworthiness.

Tease photo

McCartney: ‘Look elsewhere’ for Baha Mar purchaser

The Democratic National Alliance’s (DNA) leader yesterday said Baha Mar’s potential purchaser would not be granted a casino licence if the Gaming Board “did proper due diligence”, as he accused the Government of “playing with fire”.

CARIBBEAN FIRM TO TAKE OVER TOP TOUR DESTINATION

By NEIL HARTNELL Tribune Business Editor A leading New Providence tourist attraction is set to be transformed into a "first class destination" via an investment worth "millions" of dollars, Tribune Business can reveal, with its Bahamian owners set to sel

CIBC: Bahamas worst for ‘bad’ mortgages

CIBC’s top Caribbean executive yesterday revealed that the “magnitude” of non-performing home loans in the Bahamas was “greater than anywhere else” in the region, this nation accounting for 50 per cent of the bank’s ‘bad’ mortgages.

Air freight operators in Bahamas boycott threat

Florida-based air cargo companies are threatening to boycott the Bahamas over the new Customs fees and fines set to be introduced tomorrow, with this newspaper told: “It’s D-Day time.”

Tease photo

Bank braces for $2.4m tax impact

Bank of the Bahamas is bracing for a $2.4 million fourth quarter hit from the 3 per cent ‘bank tax’ unveiled in the 2013-2014 Budget, its managing director yesterday expressing “cautious optimism” it would return to profitability in its 2015 financial year.

Tease photo

US gov't report 'tremendous blow' to FDI attraction

US government criticisms have dealt “a tremendous blow” to the Bahamas’ prospects of attracting increased foreign direct investment (FDI) at a time when this nation most needs it, the Democratic National Alliance’s (DNA) leader said yesterday.

HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'

By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal

HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'

By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal

HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'

By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal