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Sarkis loses bid to buy $192m claims
The Supreme Court yesterday ruled it was legally impossible for Sarkis Izmirlian to acquire the rights to Baha Mar’s $192 million damages claim against the project’s contractor.
CAR DEALERS SUFFER $75M REVENUE HIT
By NEIL HARTNELL Tribune Business Editor Bahamas Motor Dealers Association (BMDA) members saw their collective sales revenues fall by more than $75 million over the first 10 months of the years between 2009-2011, one dealer suggested yesterday, although
CAR DEALERS SUFFER $75M REVENUE HIT
By NEIL HARTNELL Tribune Business Editor Bahamas Motor Dealers Association (BMDA) members saw their collective sales revenues fall by more than $75 million over the first 10 months of the years between 2009-2011, one dealer suggested yesterday, although
Engineers chief: Our growth is being ‘stymied’
The Bahamas Society of Engineers (BSE) president yesterday bemoaned how local professionals were frequently being ‘frozen out’ of foreign direct investment (FDI) projects, with work “never touching our soil”.
Tourism ‘softness’ exposed with 7% room revenue fall
Tourism “softness” resulted in a 7 per cent year-over-year decline in peak winter room revenues for Nassau’s major hotels, with both occupancies and pricing coming under pressure.
Gov't 'good faith' key to Brewery's 100-job growth
Sands Beer’s manufacturer yesterday said its planned $15 million growth strategy, which could more than double its workforce via the creation of “over 100” jobs in the next five-10 years, depends on the Government maintaining the ‘tax advantage’ it holds over its BISX-listed rival.
AML chief: ‘Size of pie yet to be seen’
* Uncertainties over Xmas spending * Hopes December ‘uptick’ will persist * All retailers see October/November fall-off
BISX-listed AML Foods has warned that “the size of the pie” remains unknown when it comes to Bahamian consumer spending this Christmas. Gavin Watchorn, the group’s president and chief executive, told Tribune Business that while it was “very confident” of gaining its due share, the extent of holiday expenditure was difficult to predict given continued economic uncertainty and fragile confidence.
Bahamas faces more financial consolidation
Bahamas faces more financial consolidation By NEIL HARTNELL Tribune Business Editor With 40 per cent of Swiss private banks eyeing foreign acquisition targets, a leading accountant yesterday predicted further consolidation in the Bahamian financial serv
'ENTHUSIASTIC' FAMILY ISLAND IPO RESPONSE
The Arawak Port Development Company (APD) said the response from potential Family Island investors to its $10 million initial public offering (IPO) had been enthusiastic, after its principals undertake a nationwide roadshow to tout the offering's prospect
'ENTHUSIASTIC' FAMILY ISLAND IPO RESPONSE
The Arawak Port Development Company (APD) said the response from potential Family Island investors to its $10 million initial public offering (IPO) had been enthusiastic, after its principals undertake a nationwide roadshow to tout the offering's prospect
'ENTHUSIASTIC' FAMILY ISLAND IPO RESPONSE
The Arawak Port Development Company (APD) said the response from potential Family Island investors to its $10 million initial public offering (IPO) had been enthusiastic, after its principals undertake a nationwide roadshow to tout the offering's prospect
Super Value chief: Prices up 2-3% with new Port
SUPER Value's owner yesterday warned the price of many grocery items is likely to increase by at least 2-3 per cent, having been told that freight rates will rise by 10 per cent due to the new/revised charges being imposed by the Arawak Cay Port.
CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill
CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill
BTC owner dismisses Cable’s mobile threat
The Bahamas Telecommunications Company’s (BTC) controlling owner yesterday dismissed the competitive threat Cable Bahamas will pose if it wins the second cellular licence, saying it was “not a big player” when compared to the likes of Digicel.
FEEDBACK FROM THE FIRM'S KING
By Ian Ferguson We agree that a stronger focus on our customers enhances our ability to grow and expand our businesses, and to deepen our ability to maximise customer satisfaction. We say often that the customer is 'KING', and that they are the driving f
'Mixed bag': Auto sales 50% off peak
By NEIL HARTNELL Tribune Business Editor A leading auto dealer believes the industry will "eventually" recover to levels comparable to its 2007 peak, despite 2011's new car sales being almost 50 per cent down on that banner period in what was described a
Standing out in the crowd
By Deidre Bastian It's no secret that the Internet has tremendously impacted the advertising industry, and online ads are continuing to increase in volume each year. But does this indicate that print advertising is over and will die a slow death? A frien
Standing out in the crowd
By Deidre Bastian It's no secret that the Internet has tremendously impacted the advertising industry, and online ads are continuing to increase in volume each year. But does this indicate that print advertising is over and will die a slow death? A frien
Standing out in the crowd
By Deidre Bastian It's no secret that the Internet has tremendously impacted the advertising industry, and online ads are continuing to increase in volume each year. But does this indicate that print advertising is over and will die a slow death? A frien