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BFSB makes Landfall in Miami and Europe

BFSB makes Landfall in Miami and Europe The Bahamas Financial Services Board's (BFSB) main promotional event is set to make Landfall in Europe and Miami in June, as it seeks to educate intermediaries and their high net worth clients on what this jurisdi

Port's 25% growth hides missed trade potential

Freeport is failing to attract “a wider range” of businesses and become a true logistics/distribution hub, despite the Container Port outstripping all Caribbean rivals with 25 per cent cargo throughput growth.

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FUND 'BELOW PAR' AFTER 50% VACANCY CUT FAILURE

By NEIL HARTNELL Tribune Business Editor The Bahamas Property Fund's failure to cut the 20 per cent vacancy rate at its flagship Bahamas Financial Centre by half meant its 2011 performance fell "slightly below expectations", although last May's Bahamian

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'Madness': 90% of loan requests are consumer

The Bahamas' consumer loan "madness" is making sustainable economic development impossible, as more than nine out of every 10 credit applications fall into this category.

$10m APD IPO to list before March end

$10m APD IPO to list before March end By NEIL HARTNELL Tribune Business Editor The $10 million Arawak Port Development Company (APD) initial public offering (IPO) should be listed on the Bahamas International Securities Exchange (BISX) by some point in

$10m APD IPO to list before March end

$10m APD IPO to list before March end By NEIL HARTNELL Tribune Business Editor The $10 million Arawak Port Development Company (APD) initial public offering (IPO) should be listed on the Bahamas International Securities Exchange (BISX) by some point in

$10m APD IPO to list before March end

$10m APD IPO to list before March end By NEIL HARTNELL Tribune Business Editor The $10 million Arawak Port Development Company (APD) initial public offering (IPO) should be listed on the Bahamas International Securities Exchange (BISX) by some point in

$8K PER MONTH LOSSES CLOSE GB'S 'FAVOURITE EATERY'

By NEIL HARTNELL Tribune Business Editor A well-known Bahamian businessman yesterday told Tribune Business he had closed "Freeport's favourite restaurant" because it had been losing between $6,000-$8,000 per month for the past two years, adding that rent

$8K PER MONTH LOSSES CLOSE GB'S 'FAVOURITE EATERY'

By NEIL HARTNELL Tribune Business Editor A well-known Bahamian businessman yesterday told Tribune Business he had closed "Freeport's favourite restaurant" because it had been losing between $6,000-$8,000 per month for the past two years, adding that rent

Port 'dismayed' by Shenanigan's

The Grand Bahama Port Authority (GBPA) has described itself as "dismayed" by criticisms from a Bahamian businessman who closed his Port Lucaya Marketplace restaurant blaming high rents, arguing that he had been "unresponsive" to attempts to resolve the si

Port 'dismayed' by Shenanigan's

The Grand Bahama Port Authority (GBPA) has described itself as "dismayed" by criticisms from a Bahamian businessman who closed his Port Lucaya Marketplace restaurant blaming high rents, arguing that he had been "unresponsive" to attempts to resolve the si

Harajchi bank clients still eye $19.217m 'loss'

Harajchi bank clients still eye $19.217m 'loss' By NEIL HARTNELL Tribune Business Editor More than 11 years after Mohammed Harajchi's Suisse Security Bank & Trust was put under court supervision, its depositors and creditors have yet to recover a single

Broker severs ties with ex-investor over $1m ‘misuse’

A Bahamian broker/dealer yesterday said it had severed all ties with a former shareholder after he allegedly misappropriated $1 million that was intended to be an equity investment in the firm.

Insurance recovery may wait until 2017

The Bahamian insurance industry may have to wait until mid-2017 to return to strong growth, with one leading underwriter saying its main goal is to “hold the fort”.

Gov’t plans to narrow VAT payment window

The Government yesterday unveiled plans to shrink the Value-Added Tax (VAT) payment window by seven days, and other revenue enforcement measures, amid the numerous tariff rate cuts consistent with a pre-election Budget.

Gas station warning of New Year lay-offs

A gas station operator yesterday warned the 24 percent minimum wage increase will “almost certainly” force the sector to cut staffing levels unless the Government grants a long-awaited margin increase.

Baha Mar casino hotel at '20 storeys' by year-end

By NEIL HARTNELL Tribune Business Editor The casino hotel for the $2.6 billion Baha Mar project could "be as high as 20 storeys" by year-end, Tribune Business was told yesterday, with work on the core "superstructure" 50 per cent complete by that point.

All Bahamians need the energy for conservation

Dear Editor, I am moved to respond to the "dabbling" comment in the article on Renewable Energy in last Thursday's Business Section of The Tribune. Governments are increasingly being asked to do more and be more. Yet individual choices are at the centre

All Bahamians need the energy for conservation

Dear Editor, I am moved to respond to the "dabbling" comment in the article on Renewable Energy in last Thursday's Business Section of The Tribune. Governments are increasingly being asked to do more and be more. Yet individual choices are at the centre

All Bahamians need the energy for conservation

Dear Editor, I am moved to respond to the "dabbling" comment in the article on Renewable Energy in last Thursday's Business Section of The Tribune. Governments are increasingly being asked to do more and be more. Yet individual choices are at the centre