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Carbon credit earnings are ‘many years’ away
A senior Bahamas National Trust (BNT) executive has warned this nation “won’t get a dollar from carbon credits for many years” as he backed calls for more direct local ownership in the fledgling industry.
‘Break down offshore barriers’ to aid SMEs
The Bahamas has been urged “to find creative means” to allow so-called ‘offshore’ financial institutions to participate in the local economy and help narrow an estimated $748m small business “financing gap”.
WORLD VIEW: Has CARICOM reached its limits of regional integration?
In the first part of this commentary - published last week - the conclusion was reached that the great ideals, set out in the 1973 Treaty of Chaguaramas (the CARICOM Treaty) and its revision in 2001, remain unfulfilled. But does this reality mean that, as the CARICOM project reaches its 50th anniversary next July, it has reached the limits of regional integration?
Aliv to 'kick on' via latest $15m raise
Aliv’s top executive last night said it was “very confident” of hitting its latest $15m capital raising target as it bids “to kick on to the next level” of its growth strategy. Damian Blackburn told Tribune Business that the latest financing will pr
Gov't FATCA deal could 'severely compromise' the financial sector
A leading QC has urged the Government not to sign any agreement relating to the US Foreign Account Tax Compliance Act (FATCA) that involves automatic information exchange, warning that doing so would “severely compromise” the Bahamian financial services industry.
Arianna set for historic final
LONDON, England: Shaking the monkey off her back, Arianna Vanderpool-Wallace turned day seven of the 2012 Olympic Games into an historic one becoming the first Bahamian swimmer to reach a final in swimming in the Women’s 50m Freestyle.
FATCA's huge 'cost burden' for Bahamian institutions
While the US Foreign Account Tax Compliance Act (FATCA) represents a “huge cost burden” for Bahamas-based financial institutions, a well-known attorney said the industry can remain competitive by focusing on “quality service” and responding quickly to client needs.
Eurozone crisis hits $2-$4m real estate 'sweet spot'
THE Eurozone's sovereign debt crisis has boosted sales volumes in the Bahamian high-end real estate market over the past year, Tribune Business has been told, with deals hitting the "sweet spot" of between $2-$4 million on average.
'Significant' 15% uptick in key Clico asset's price
The liquidation of the Florida real estate development that accounts for 63 per cent of CLICO (Bahamas) assets continues to gather momentum, the liquidator and his agents having clinched a “significant” 15 per cent increase in the per acre price for their latest sale.
Nassau/PI resorts 5,000 up on room nights goal
Total room nights sold in April by Nassau/Paradise Island hotels exceeded projections by 5,000, Tribune Business was told yesterday, but the industry missed its room
FDI spikes by 'one third' to hit $1.5bn
By NEIL HARTNELL Tribune Business Editor Foreign direct investment (FDI) inflows into the Bahamas increased by "about one-third" in 2011 to hit $1.533 billion, a performance that the Central Bank of the Bahamas' governor yesterday said "significantly exc
Executive Entity hits 'virtually every day'
A well-known financial services provider yesterday told Tribune Business his company was receiving an inquiry "virtually every day" on this nation's Executive Entity pr
Regulator levies $48,000 fine on 'wind-up' broker
THE Securities Commission of the Bahamas has fined a failed broker/dealer a collective $48,000 for "consistently" failing to meet its monthly and annual filing obligations, its ruling coming almost five months after the company was placed into Supreme Court-supervised liquidation.
Six design options for GB's $200m airport
Grand Bahama will be presented with six different design options for its new $200m airport, the winning bidder has revealed, with an announcement on the expected construction start expected "very shortly".
DIANE PHILLIPS: A possible solution for Bahamians to benefit in the hospitality industry
Created just 15 years ago by two friends who rented out an air mattress on their floor when a major event sucked up all the hotel rooms in San Francisco, Airbnb has turned the short-term vacation industry on its head.
Bahamas at a political crossroads
Greetings. And thank you very much for the space in your five-day publication, I appreciate it, as I tried to rummage through some actual facts, pointing to an extinction of the Bahamian populace, as it were, and not too distant from now.
Debt-to-GDP lowered by a fifth, reports govt
PRIME Minister Philip “Brave” Davis commended his administration’s fiscal performance compared to that of the former administration’s pre-pandemic levels, telling the Opposition: “There is a reason why we are here and you there.”
ATLANTIS OWNER 'OUT OF MONEY AT $2.3BN PI SALE
By NEIL HARTNELL Tribune Business Editor The Atlantis resort's potential new owner could lose the entire $175 million it is owed if the proposed debt-for-equity swap with Kerzner International fails to go through, a lawsuit seeking to block the deal is a
ATLANTIS OWNER 'OUT OF MONEY AT $2.3BN PI SALE
By NEIL HARTNELL Tribune Business Editor The Atlantis resort's potential new owner could lose the entire $175 million it is owed if the proposed debt-for-equity swap with Kerzner International fails to go through, a lawsuit seeking to block the deal is a
CITY MARKETS CHIEF HOPING DEAL 'IMMINENT'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net and NEIL HARTNELL Tribune Business Editor CITY Markets' principal believes the acquisition of the struggling five-store supermarket chain by Super Value's owner and president, Rupe
