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THE 'BAHAMIAN DREAM' HAS SOURED FOR SO MANY
Anyone who reads the local newspapers cannot help but notice the large number of distressed Bahamian homes advertised for sale by banks under their mortgage powers. Never before in the history of the Bahamas have so many families suffered the humiliation,
SMALL BUSINESS BILL DISCUSSION TARGET BEFORE 2012 ELECTION
By NEIL HARTNELL Tribune Business Editor A government minister says he is "reasonably certain" that broad consultation with stakeholders on the much-awaited Small and Medium-Sized Business (SME) Development Bill can be held prior to the general election,
Mortgage finance 'biggest hurdle' to housing recovery
Mortgage financing access remains "the biggest hurdle" to reviving the domestic real estate market, causing up to three deals for the same property to fall through.
Chamber chief says 'space for third mobile operator'
The Bahamas Chamber of Commerce's chief executive believes "there is space for another mobile player", and is urging the Government to issue a third licence come 2019.
Water Corp needs 'top up' to $20m subsidies
Water Corp needs 'top up' to $20m subsidies By NEIL HARTNELL Tribune Business Editor The Water & Sewerage Corporation will "definitely need" an increase to the existing $20 million taxpayer subsidy allocated to it for the 2011-2012 fiscal year, its gene
Development Bank fund ‘sinking’: Covers 1/3 of $46m bonds
* Just 28.4% of loans ‘performing’ * Accumulated losses over $60m * Solvency deficiency at $31.31m
THE Bahamas Development Bank’s (BDB) ‘sinking fund’ covered just one-third of its $46 million outstanding bond debt at year-end 2016, with only 28.4 per cent of its loans ‘performing’. The BDB’s 2016 financial statements, tabled in the House of Assembly in Wednesday by the Prime Minister, reveal the parlous state of another state-owned enterprise (SOE) that has racked up more than $60 million in losses for the Bahamian taxpayer during its 43-year existence.
$20-$30M INVESTMENT AT LAST HOTEL CORP HOTEL
By NEIL HARTNELL Tribune Business Editor An Illinois-based investor is eyeing a $20-$30 million investment during the first two phases of its plans to transform the last Hotel Corporation-owned property into an upscale boutique resort, with talks aiming
Skills transfer woe still a ‘sad reality’
The Bahamas must change “the sad reality” that key skills and knowledge are not being passed on to local workers by expatriate work permit holders, a prominent contractor argued yesterday.
ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
ROAD PROJECT WAGES 50% BELOW 'NORMS'
By NEIL HARTNELL Tribune Business Editor Wages paid to skilled Bahamian tradesmen by the main New Providence Road Improvement Project contractor were around 50 per cent below market norms, the Bahamian Contractors Association's (BCA) president said yeste
BTC to complete Abaco cell overhaul in mid-May
THE Bahamas Telecommunications Company (BTC) is set to complete its wireless system overhaul on Abaco and the northern Bahamas by mid-May, giving customers improved cellular service, including faster speeds for downloads and browsing on smart phones.
Profits triple as BAF's 'sleeping giant awakes'
Profits triple as BAF's 'sleeping giant awakes' By NEIL HARTNELL Tribune Business Editor BAF Financial's owners believe they have "awoken the sleeping giant" during their first five years at the helm, "tripling profits" and doubling total assets to $150
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
SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat
SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat
SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat
SCOTIABANK: GROUP INSURANCE POLICY GROWS EVERY YEAR
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) says its group homeowners insurance programme is growing in size every year due to the "stress" in its $1.498 billion loan portfolio, as it pledged to resolve any concerns the industry regulat
