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URCA: BTC cell monopoly 'rare'
URCA: BTC cell monopoly 'rare' By NEIL HARTNELL Tribune Business Editor While conceding that the Bahamas Telecommunications Company's (BTC) ongoing cellular monopoly was "increasingly rare", the industry regulator has rejected Cable Bahamas' urging that
Broker 'optimistic' doctors' captive issues resolved
Broker 'optimistic' doctors' captive issues resolved By NEIL HARTNELL Tribune Business Editor A Bahamas-based insurance executive is "optimistic" that differences with the regulator over a captive insurer providing coverage to 70-80 Bahamian physicians
DESPITE 41% OF HOTELS SUFFERING 2011 LOSS, MOST POSITIVE FOR 2012
By NEIL HARTNELL Tribune Business Editor Although more than half of this nation's hotels are positive on their 2012 outlook some 41 per cent still suffered a net loss last year, the Bahamas Hotel Association (BHA) yesterday unveiling a survey that was ti
DESPITE 41% OF HOTELS SUFFERING 2011 LOSS, MOST POSITIVE FOR 2012
By NEIL HARTNELL Tribune Business Editor Although more than half of this nation's hotels are positive on their 2012 outlook some 41 per cent still suffered a net loss last year, the Bahamas Hotel Association (BHA) yesterday unveiling a survey that was ti
800 job applications for new mobile player
Cable Bahamas had received around 800 applications for jobs with the nation's second mobile provider by end-last week, it was revealed yesterday, and is confident the new operator can beat its financial targets.
MONTAQUE LIQUIDATORS 'FULL FORCE' IN CANADA
By NEIL HARTNELL Tribune Business Editor Liquidators for Owen Bethel's Montaque Capital Partners have been recognised by the Ontario Superior Court of Justice through a ruling given "full force and effect" throughout Canada, a move critical to enabling t
FIELDS NAMED AS TOP INSURANCE REGULATOR
By NEIL HARTNELL Tribune Business Editor Former ColinaImperial executive Michele Fields has been appointed as the Bahamas' chief insurance regulator, Tribune Business can reveal, the Government believing her industry background will allow enhanced superv
'Little chance' to lower high debt, bad loan levels
The Central Bank of the Bahamas has admitted the current economic climate provides "little opportunity" to reduce high consumer debt and loan delinquency levels, with only 'qualified borrowers' able to access credit.
Hotels to beat eight-year rate recovery target
By NEIL HARTNELL Tribune Business Editor The Bahamas Hotel Association's (BHA) president believes the industry will return room "rates to pre-recession levels much faster" than the world average, after a renowned travel research firm said this could take
Hotels to beat eight-year rate recovery target
By NEIL HARTNELL Tribune Business Editor The Bahamas Hotel Association's (BHA) president believes the industry will return room "rates to pre-recession levels much faster" than the world average, after a renowned travel research firm said this could take
Hotels to beat eight-year rate recovery target
By NEIL HARTNELL Tribune Business Editor The Bahamas Hotel Association's (BHA) president believes the industry will return room "rates to pre-recession levels much faster" than the world average, after a renowned travel research firm said this could take
Second mobile operator begins launch process
Cable Bahamas yesterday said the clock had started running on the aggressive roll-out timetable for the second mobile operator to launch services to 99 per cent of New Providence within three months, after the Government approved its licensing.
URCA 'u-turn' over third cellular player
URCA 'u-turn' over third cellular player By NEIL HARTNELL Tribune Business Editor The Bahamian communications regulator has reversed course by deciding not to reserve space in the key 700 MHz radio frequency spectrum for a third cellular operator, while
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.
Chamber chief says 'space for third mobile operator'
The Bahamas Chamber of Commerce's chief executive believes "there is space for another mobile player", and is urging the Government to issue a third licence come 2019.
Competition fears on Super Value's City Markets 'deal'
By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per
Competition fears on Super Value's City Markets 'deal'
By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per
INSURANCE BROKERS: OVER 25% TO 'FALL OFF'
By NEIL HARTNELL Tribune Business Editor More than 25 per cent of all existing Bahamian insurance brokers and agents are unlikely to be licensed under the new Act governing the sector, the Insurance Commission told Tribune Business yesterday. Arvind Bagh
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.
Bahamas exports decline by 36% to five-year low
The Bahamas’ merchandise trade deficit fell by 12.3 per cent in 2015 to $2.719 billion, as the decline in imports offset a more than one-third reduction in exports.
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