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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
BRISTOL PREMIER'S 'BEST OF THE BEST'
By NEIL HARTNELL Tribune Business Editor Bristol Wine and Spirits is aiming to showcase "the best of the best" in its wine and spirits portfolio through next week's 'soft opening' of its one-acre Premier Cru venue on Gladstone Road, its president yesterd
Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end Sub-Deck: * Gov't acknowledges major difference with IMF over 'timing and will for major tax reform' * Debt Management Committee set up to oversee Bahamas' fiscal position By NEIL HA
Credit union member growth expands 29%
By NEIL HARTNELL Tribune Business Editor Bahamian credit unions have outpaced commercial banks through an average total asset growth rate of 9.25 per cent over the past five years, the Central Bank's governor said yesterday, their collective membership h
‘Lessons must be learnt’ from Baha Mar’s chinese woe
Lessons must be learned from Baha Mar’s construction woes to ensure other Chinese-led investment projects avoid similar delays, a leading contractor yesterday noting the same company is poised to begin the British Colonial Hilton’s $200 million redevelopment.
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
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
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
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.
$500M REVENUE RISE NO FISCAL GAP BRIDGE
By NEIL HARTNELL Tribune Business Editor The Government's annual fiscal deficit averaged more than $170 million during the 2002-2008 'economic boom' years despite an almost $500 million rise in revenues over that period, showing that reining in out-of-co
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.
Illegal netting threatens $1.5m bonefish investment
A Long Island bonefishing lodge owner says his $1.5 million investment and six jobs are being jeopardised by illegal netting, which threatens to “wipe out” the industry within the next five years.
Atlantis eyes 100k extra room nights in Marriott tie-up
Atlantis is hoping its 10-year franchise deal with Marriott International will generate an extra 50,000-100,000 room nights per year, its top executive describing the agreement as “the most significant tourism stimulus for the Bahamas this decade”.
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.
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