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$14.5m bond keeps Mortgage Corp open
$14.5m bond keeps Mortgage Corp open By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation (BMC) has placed a $14.5 million bond vital to keep it operating, its chairman telling Tribune Business yesterday that "the public is going to
$14.5m bond keeps Mortgage Corp open
$14.5m bond keeps Mortgage Corp open By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation (BMC) has placed a $14.5 million bond vital to keep it operating, its chairman telling Tribune Business yesterday that "the public is going to
'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
'Early summer' start on $100m B Mar power plant
'Early summer' start on $100m B Mar power plant By NEIL HARTNELL Tribune Business Editor Some 75 persons will be employed at peak construction on Baha Mar's $100 million Seawater District Cooling (SDC) plant, Tribune Business was told yesterday, with bu
'Early summer' start on $100m B Mar power plant
'Early summer' start on $100m B Mar power plant By NEIL HARTNELL Tribune Business Editor Some 75 persons will be employed at peak construction on Baha Mar's $100 million Seawater District Cooling (SDC) plant, Tribune Business was told yesterday, with bu
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
TELL, BUT DON'T SELL, YOUR FIRM'S STORY
By D'Arcy Rahming The first time I tried to use Facebook Ads in one of my businesses a couple of years ago, I lost a lot of money. I mean, everything seemed to be going so well. A lot of people were expressing interest in my page judging by the number of
ZNS blasts Cable on ad 'dumping'
By NEIL HARTNELL Tribune Business Editor ZNS has alleged that Cable Bahamas' previous Channel 12 tie-up with a radio station owned by a former PLP Cabinet Minister was politically motivated, and an attempt to "cut a deal" with the Christie administration
PM 'elated' over 75% Our Lucaya occupancy level
By NEIL HARTNELL Tribune Business Editor The Prime Minister said he was "elated" upon learning that Our Lucaya's current occupancy levels were at 75 per cent, adding that an owner other than Hutchison Whampoa would likely have closed the Freeport resort.
Shareholder outrage over ‘no change’ BOB
Bank of the Bahamas shareholders yesterday reacted with outrage over the decision to nominate the existing Board of Directors for re-election, one demanding: “Where does the buck stop?”
Baha Mar avoids damages on $10m 'credit letter'
Baha Mar has reached a legal settlement that prevents a former hotel partner seeking specific damages against it for trying to draw down a $10 million Letter of Credit, although arbitration proceedings remain alive.
$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
Leading importers face ‘major’ VAT uncertainty
Major importers were yesterday said to be facing “major” uncertainty over how Customs will calculate duty rates post-January 1, a factor that is preventing them from making essential computer system adjustments.
FNM deputy fears ‘bubble pop’ over infrastructure spend
The Government’s lack of investment in infrastructure will be “a bubble that pops” on the next administration, the Opposition’s finance spokesman warned yesterday, adding that this was contrary to the International Monetary Fund’s (IMF) advice.
Green economy gives ‘opportunities galore’
The Government would help create a “far greater” number of “meaningful” Bahamian jobs if it abandoned its current development approach in favour of the ‘green economy’, a well-known QC believes.
Gov’t urged: Don’t lose momentum on ‘sole tax panacea’
The Government has been urged to set a date for the Central Revenue Agency’s (CRA) creation, the Tax Coalition’s chair fearing that momentum on a tax compliance “panacea” may be lost.
BIA chair warns on Brexit's potential to impact FDI, banking
The Bahamas Insurance Association's (BIA) chairman yesterday warned it was currently impossible to predict how the UK's European Union (EU) exit will impact the Bahamas, adding: "The only certainty is uncertainty".
