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Bahamas broker: Canada 'bullied' the Commission

A Bahamian broker/dealer yesterday produced documents it said showed the Securities Commission was "bullied" into passing information on its clients over to Canadia

FINCO: Three-year offload sparks $9.1m provision hit

Despite recovering "in excess of" 80 per cent of the outstanding principal 0n distressed property sales, FINCO's managing director yesterday said the mortgage

Adviser: Gov't must 'move' to run recurrent surpluses

The 128 per cent increase in the Bahamas' national debt over the past decade means the Government must "address without delay" its ever-growing fiscal deficit

Robin Hood's replacement 'as big as before'

MARIO'S Bowling and Entertainment Palace chief executive, Leslie Miller, told Tribune Business yesterday that negotiations to re-open th

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

S&P: Bahamas’ savings slump to 10% of GDP

The Bahamas’ already-low national savings rate fell by a further 5 percentage points during the recession’s peak to just 10 per cent of GDP, a Wall Street credit rating agency has revealed, warning this “may force difficult” fiscal and social security-related decisions upon the Government.

'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.

Acquire firms that match your taste

As the only business broker in Nassau, I come across many different models for small businesses. Some work, and some do not. Others nest themselves neatly in a particular niche and are succe

Butterfield 'regroups'; has 'no plans to exit'

Butterfield Bank (Bahamas) has "regrouped" with "no plans to exit" this jurisdiction, despite downsizing its balance sheet considerably through the transfer of its m

Bahamas provider: 'Timing 100% right' for Swiss office

A BAHAMAS-based financial services provider that supervises $1.5 billion in client assets yesterday said "the timing is 100 per cent right" to open its new Switzerland office, and urged other local institutions to "seriously consider" expanding into their target markets.

First $10m recoveryfor CLICO creditors

Some $10 million raised from selling the property that accounts for 63 per cent of CLICO (Bahamas) assets has been returned to this nation for the ultimate benefit of the i

Doctors targets $3.2m incapital upgrades for 2012

Doctors Hospital is planning to invest $3.2 million in capital projects during its current financial year, as it kicks-off "phased" expansion plans with two new

Ingraham was an inspiration and a leader

May 7th, 2012, has come and gone, perhaps painfully and disappointingly so for you and for many Bahamians, but be assured that the legacy of national pride, success and upliftment you have inculcated in the psyche of Bahamians of every walk of life, whether acknowledged or not, will be indelibly etched in our memories and in our hearts.

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.

85% sold concert boosts Atlantis by 'several thosand' extra room nights

ATLANTIS is set to enjoy a "several thousand room night" boost this Memorial Day weekend, Kerzner International's Bahamas head yesterday telling Tribune Business that with 85 per cent of tickets already sold, the concert was on track for a sell-out.

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

Baha Mar plant eyes $13m from local investors

THE developer of Baha Mar's proposed renewable energy plant is seeking to part-finance the project through raising $13 million in capital from Bahamian investors via a preference share issue, Tribune Business can reveal.

Benchmark shrugs off $2.5m loss via Q1 profit

BENCHMARK (Bahamas) yesterday attempted to put 2011's $2.5 million net loss behind it, as it generated a more than $338,000 swing to produce a modest $53,183 2012 first quarter profit.

Bahamas 'near top of heap' through 10% demand rise

A 10 per cent increase in room demand over the past 12 months saw the Bahamas placed "near the top of the heap" in the Caribbean by a world-leading travel research firm, local hotel executives saying the findings "augur well for a good long-term future" for this nation.

Water Corp 'caught by surprise' on higher bills

BISX-listed Consolidated Water believes its Blue Hills facility has given the Bahamas the largest reverse osmosis plant of its type "in the Western Hemisphere", although its recent 4.8 million gallon expansion caught the Water & Sewerage Corporation "a little bit by surprise".

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