All results / Stories / Neil Hartnell
De-risk 'client migration' to benefit larger banks
Correspondent bank 'de-risking' could drive another wave of Bahamian financial services consolidation by sparking "client migration" to larger institutions, a former finance minister has warned.
Florida court blocks $7.59m Bahamas ruling
A contractor’s bid to enforce a $7.59 million Bahamas Supreme Court judgment against a major global hotel chain has been blocked by a Florida appeals court, which ruled the latter was not involved in a $1 billion Bahamian joint venture.
Gov't pushes deficit elimination forecast back three years
The Government has pushed back its original projections for eliminating the fiscal deficit by three full years, and is now pinning its hopes on a $449 million, four-year 'swing' into surplus.
BTC profits slump 26.4%
The Bahamas Telecommunications Company (BTC) suffered a 26.4 per cent profits slump for the year to end-March 2015, as its revenues and staffing levels came under pressure in the run-up to mobile liberalisation.
Police probe like 'sword of Damocles'
By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa
Police probe like 'sword of Damocles'
By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa
Police probe like 'sword of Damocles'
By NEIL HARTNELL Tribune Business Editor A Royal Bahamas Police Force (RBPF) investigation is "hanging over our heads like the sword of Damocles", developers of a $40 million Exuma-based real estate project have told Tribune Business, arguing that severa
Tax crackdown: Govt hits 6,000 businesses, 5,000 property owners
The Government last night unveiled its promised crackdown on tax defaulters, promising to first pursue the largest, wealthiest delinquents - some 6,000 businesses and 5,000 high-end property owners.
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,
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.
PM 'in la la land' on Bimini as top PPP
A well-known QC yesterday said Prime Minister Prime Minister Perry Christie was “living in la la land” to tout the Resorts World Bimini development as the best example of a successful public-private sector partnership (PPP).
Corporate redress regime upheld with $33m verdict
The Supreme Court has prevented the Bahamas being perceived as “a parochial, quirky jurisdiction” for international business through its recent ruling on a $33 million insolvency dispute, a former attorney general said yesterday.
Bahamian insurer ‘bolstered’ after hurricane losses
* Security and General in Q4 capital injection * Performance ‘marginal’, ‘below average’ * Rival Summit also gets top ratings
A MAJOR Bahamian insurer has seen its balance sheet “bolstered” by its parent as a result of recent hurricane-related losses. A. M. Best, the insurance rating agency, said Security and General Insurance Company had received a fourth quarter capital injection from its Bermuda-based owner following recent storm payouts. The rating agency, which reaffirmed the Bahamian property and casualty insurer’s creditworthiness, provided few details and its top executive, Marlon Graham, did not return Tribune Business’s voice mail message yesterday seeking comment.
ENJOYMENT REMAINS PASSPORT TO SUCCESS
By Simon Cooper Res Socius Choose to do what you enjoy. This is a strange notion, although I often get round to discussing it with clients. In fact, it might surprise you to know how many square-pegs in round-holes there are out there in Nassau. I'm talk
2,000 homeowners 'non-performing'
2,000 homeowners 'non-performing' By NEIL HARTNELL Tribune Business Editor An estimated 1,500-2,000 Bahamian homes have mortgage loans that are more than 90 days past due, the Clearing Banks Association (CBA) told Tribune Business yesterday, with the se
UNION MUST CHICKEN OUT OVER KFC WAGES
By Simon Cooper Res Socius I'm sure that many of us remember the song, My Old Kentucky Home, with some affection. In case you don't, it begins with the words: "The sun shines so bright in my old Kentucky home. 'Tis summer, the people are gay ..." Now while
UNION MUST CHICKEN OUT OVER KFC WAGES
By Simon Cooper Res Socius I'm sure that many of us remember the song, My Old Kentucky Home, with some affection. In case you don't, it begins with the words: "The sun shines so bright in my old Kentucky home. 'Tis summer, the people are gay ..." Now while
UNION MUST CHICKEN OUT OVER KFC WAGES
By Simon Cooper Res Socius I'm sure that many of us remember the song, My Old Kentucky Home, with some affection. In case you don't, it begins with the words: "The sun shines so bright in my old Kentucky home. 'Tis summer, the people are gay ..." Now while
UNION MUST CHICKEN OUT OVER KFC WAGES
By Simon Cooper Res Socius I'm sure that many of us remember the song, My Old Kentucky Home, with some affection. In case you don't, it begins with the words: "The sun shines so bright in my old Kentucky home. 'Tis summer, the people are gay ..." Now while
Bimini Bay facing homeowners revolt
The Bimini Bay Resort is facing a homeowners revolt in the Supreme Court, with multiple purchasers voicing concerns over how their properties and multi-million dollar maintenance fee sums are being managed.
