LAND PURCHASERS URGED: DON'T USE VENDOR'S ATTORNEY
By NEIL HARTNELL Tribune Business Editor Arawak Homes executives yesterday warned Bahamians not to use the same attorney as the seller when purchasing real estate, given the potential for 'conflicts of interest' to arise. Speaking after the developer won
Accountants choose Bahamian for report
Accountants choose Bahamian for report Bahamian forensic accountant, John Bain, has been selected to participate in a defining webinar hosted by the Association of Chartered Certified Accountants (ACCA) to develop the organisation's integrated report, pa
BTC unveiling changes to directory assistance
BTC unveiling changes to directory assistance The Bahamas Telecommunications Company (BTC) yesterday unveiled plans to transform its 916 directory assistance calls service from July 1, 2012, with charges after the first three free calls said to be below
BEC partner targets eco-industrial park
BEC partner targets eco-industrial park By NEIL HARTNELL Tribune Business Editor BEC's ocean thermal energy partner yesterday revealed it plans to develop an eco-industrial park in the Bahamas, leveraging its project into technology and export spin-offs
AML bucks 'post-Xmas lag' via 10% same-store rise
AML bucks 'post-Xmas lag' via 10% same-store rise By NEIL HARTNELL Tribune Business Editor AML Foods yesterday said fears of a top-line hit from consumers taking ever-longer to recover from Christmas had failed to materialise, with its same-store sales
Stopping big business ideas from shrinking
Stopping big business ideas from shrinking By Deidre M. Bastian The growth of any business is dependent on the ability to reach new clients while maintaining healthy relationships with existing ones. But it takes skill and creativity to raise your bar 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
Ex-BCA chief says $15m to Bahamians for roadworks 'low'
Ex-BCA chief says $15m to Bahamians for roadworks 'low' By NEIL HARTNELL Tribune Business Editor A former Bahamian Contractors Association (BCA) president yesterday said the 13.7 per cent of work sub-contracted out to Bahamian firms on the New Providenc
29% auto sales rise 'not true market reflection'
29% auto sales rise 'not true market reflection' By NEIL HARTNELL Tribune Business Editor The 29 per cent year-over-year new car sales increase for the first two months of 2012 is "not a true reflection" of the anemic overall market, two Bahamas Motor D
Water Corporation owes BISX-listed firm $8.3m
Water Corporation owes BISX-listed firm $8.3m By NEIL HARTNELL Tribune Business Editor The Water & Sewerage Corporation's cash flow woes were highlighted again last night after BISX-listed Consolidated Water revealed that was owed $8.3 million for water
FINCO non-accruals strike 11.84% mark
FINCO non-accruals strike 11.84% mark By NEIL HARTNELL Tribune Business Editor Finance Corporation of the Bahamas (FINCO) saw its non-performing loans increase by less than 1 per cent or $519,000 during the first quarter of its 2012 financial year, hitt
Shepherd your flock to success
Shepherd your flock to success By Simon Cooper Res Socius Last week I shared some thoughts on the subject of treating paralysis at executive level. Someone stopped by and told me they thought my wording was a little harsh. I don't agree it was. It is a
Ex-BCA chief says $15m to Bahamians for roadworks 'low'
Ex-BCA chief says $15m to Bahamians for roadworks 'low' By NEIL HARTNELL Tribune Business Editor A former Bahamian Contractors Association (BCA) president yesterday said the 13.7 per cent of work sub-contracted out to Bahamian firms on the New Providenc
29% auto sales rise 'not true market reflection'
29% auto sales rise 'not true market reflection' By NEIL HARTNELL Tribune Business Editor The 29 per cent year-over-year new car sales increase for the first two months of 2012 is "not a true reflection" of the anemic overall market, two Bahamas Motor D
City Markets sale may close 'within 2 weeks'
City Markets sale may close 'within 2 weeks' By NEIL HARTNELL Tribune Business Editor City Markets' weekend 'Blow Out' sale was designed to clear all existing inventory prior to the supermarket chain's purchase, its current majority owner revealing a de
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
What employers look for in their workers
What employers look for in their workers By Ian Ferguson In a few months our seniors will be leaving high school, with many of them seeking employment in our already-saturated job market. The question is: "Will many of them be equipped with the competen
Harajchi bank clients still eye $19.217m 'loss'
Harajchi bank clients still eye $19.217m 'loss' By NEIL HARTNELL Tribune Business Editor More than 11 years after Mohammed Harajchi's Suisse Security Bank & Trust was put under court supervision, its depositors and creditors have yet to recover a single
BTC warns union on its 'long-term health'
BTC warns union on its 'long-term health' By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC) last night reminded the trade unions representing its staff that it had to safeguard its "long-term health", since an unfavou
Potential West End investors coming in 'once a month'
By NEIL HARTNELL Tribune Business Editor The owners/developers of some 500 acres at Grand Bahama's West End are bringing potential investors to inspect the site at least "once a month", Tribune Business was told yesterday, and remain optimistic they can
Business Licence's real property tax 'tie' questioned
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman last night questioned whether it was legal for the Government to link Business Licence renewals to full real property tax compliance,
$60m project 'hits the pedal'
By NEIL HARTNELL Tribune Business Editor An eastern New Providence real estate development is set to take its full capital investment to $60 million by year-end, after its weekend 'open house' produced a "phenomenal turnout" of 400 visitors and five prop
Potential West End investors coming in 'once a month'
By NEIL HARTNELL Tribune Business Editor The owners/developers of some 500 acres at Grand Bahama's West End are bringing potential investors to inspect the site at least "once a month", Tribune Business was told yesterday, and remain optimistic they can
Business Licence's real property tax 'tie' questioned
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman last night questioned whether it was legal for the Government to link Business Licence renewals to full real property tax compliance,
$60m project 'hits the pedal'
By NEIL HARTNELL Tribune Business Editor An eastern New Providence real estate development is set to take its full capital investment to $60 million by year-end, after its weekend 'open house' produced a "phenomenal turnout" of 400 visitors and five prop
$10M SOCIAL SECURITY REFORMS 'FIRST OF THEIR KIND' IN CARIBBEAN
By NEIL HARTNELL Tribune Business Editor The Bahamas' proposed $10 million social security reform initiative is a 'first-of-its-kind' in the Caribbean, as it will tie welfare payments to "improving human capital" through better educational achievement fo
ROAD COMPENSATION SURVEY STARTS TODAY
The Government last night announced that it would today start surveying businesses negatively impacted by the New Providence Road and Infrastructure Improvement Project, the first step in determining their financial losses and potential compensation. Info
BFSB and Commission hold summit 'captive'
The Bahamas Financial Services Board (BFSB) and the Insurance Commission of the Bahamas (ICB) have jointly attended a major international captive insurance conference. The two organisations were present at the annual International Conference of the Capti
Consolidated Water: Bahamas revenues grow 22.5% in 2011
By NEIL HARTNELL Tribune Business Editor Revenues generated by BISX-listed Consolidated Water's Bahamian operations increased by 22.5 per cent year-over-year during 2011 to total just shy of $20 million, accounting for a five percentage point increase in
Real property tax compliance 'higher than in the past'
By NEIL HARTNELL Tribune Business Editor Real property tax compliance is "higher than in the past, that's for sure", a government minister telling Tribune Business yesterday that new administration/enforcement measures would "yield" improved collection r
'Aggressive' insurer targets the Bahamas
By NEIL HARTNELL Tribune Business Editor An "aggressive" St Maarten-headquartered underwriter has caused a stir in the Bahamian general insurance market after obtaining regulatory approval to write business in this nation, Tribune Business can reveal, a
Sky mulls US pull back after 15-20% loads
By NEIL HARTNELL Tribune Business Editor Sky Bahamas is "reviewing daily" whether it will reduce its US flight schedule or withdraw from that market completely, its president telling Tribune Business yesterday that load factors on some flights were down
CIBC WORKER PASSES SERIES 7
A corporate customer service representative at CIBC, Drameko Moore, passed the Series 7 exam in the US after studying with the Nassau-based Securities Training Institute (STI). Bettina Albury, STI's administrator, said: "Our investment training programme
Stay true to your business ethics
By Deidre M. Bastian Do you have good business ethics? Would you take on a client whose business was ethically appalling? How far would you stretch the truth to help a client sell their products or services? How far would you go in your promises to win a
'PAYING THE PRICE' ON IMBALANCED POLICY RESPONSE
By NEIL HARTNELL Tribune Business Editor The Bahamas could end up "paying the price" for failing to employ a balanced countercyclical policy response to the 2007-2009 recession, a former finance minister warning yesterday this nation could find itself at
Scotiabank, brokers putting group policy concerns 'behind us'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) and the Bahamas Insurance Brokers Association (BIBA) are close to completely resolving all concerns over the former's group homeowners insurance policy, Tribune Business was told yesterday, bo
'SERIOUS' CUSTOMS WOES UNDERMINING FDI, TRADE
By NEIL HARTNELL Tribune Business Editor The Customs Department's "serious institutional and operational limitations", particularly an information management system more than 20 years-old, are undermining the Bahamas' trade competitiveness and ability "t
Sky mulls US pull back after 15-20% loads
By NEIL HARTNELL Tribune Business Editor Sky Bahamas is "reviewing daily" whether it will reduce its US flight schedule or withdraw from that market completely, its president telling Tribune Business yesterday that load factors on some flights were down
CIBC WORKER PASSES SERIES 7
A corporate customer service representative at CIBC, Drameko Moore, passed the Series 7 exam in the US after studying with the Nassau-based Securities Training Institute (STI). Bettina Albury, STI's administrator, said: "Our investment training programme
Stay true to your business ethics
By Deidre M. Bastian Do you have good business ethics? Would you take on a client whose business was ethically appalling? How far would you stretch the truth to help a client sell their products or services? How far would you go in your promises to win a
'PAYING THE PRICE' ON IMBALANCED POLICY RESPONSE
By NEIL HARTNELL Tribune Business Editor The Bahamas could end up "paying the price" for failing to employ a balanced countercyclical policy response to the 2007-2009 recession, a former finance minister warning yesterday this nation could find itself at
Scotiabank, brokers putting group policy concerns 'behind us'
By NEIL HARTNELL Tribune Business Editor Scotiabank (Bahamas) and the Bahamas Insurance Brokers Association (BIBA) are close to completely resolving all concerns over the former's group homeowners insurance policy, Tribune Business was told yesterday, bo
'SERIOUS' CUSTOMS WOES UNDERMINING FDI, TRADE
By NEIL HARTNELL Tribune Business Editor The Customs Department's "serious institutional and operational limitations", particularly an information management system more than 20 years-old, are undermining the Bahamas' trade competitiveness and ability "t
ATLANTIS 'VERY CONFIDENT' ON PRE-RECESSION TREND
By NEIL HARTNELL Tribune Business Editor While Atlantis's performance for March and April 2012 has matched pre-recession levels, Kerzner International (Bahamas) top executive yesterday said the resort - although "very confident" -wanted to "see what happ
Customs: Gov't targeting 'best practices' goal
By NEIL HARTNELL Tribune Business Editor The Government is targeting a Customs regime that meets "international best practices", a minister yesterday saying there was "no evidence" that the agency's operational/institutional weaknesses had deterred forei
BABY BOOMERS LANDING ON ENTREPRENEURIAL FEET
By Simon Cooper Res Socius Although I'm not near retiring by a long shot, I was encouraged by an article I read in USA Today. The piece analysed the demographic spread of start-up entrepreneurs in the US, and came up with conclusions that few expected. T
BAHAMAS 'NOT DONE VERY GOOD JOB' OVER TRADE NEGOTIATIONS
By NEIL HARTNELL Tribune Business Editor Both the Government and the private sector have done a poor job in preparing for, and negotiating, international trade agreements affecting the Bahamas, the Chamber of Commerce and Employers Confederation's (BCCE
NEW ATLANTIS DEBT FOR EQUITY SWAP 'MOVING VERY FAST'
By NEIL HARTNELL Tribune Business Editor One or more fellow Kerzner International lenders will join Brookfield Asset Management in taking over ownership of the developer's Paradise Island resorts in a revised 'debt-for-equity' swap, Tribune Business can
ATLANTIS 'VERY CONFIDENT' ON PRE-RECESSION TREND
By NEIL HARTNELL Tribune Business Editor While Atlantis's performance for March and April 2012 has matched pre-recession levels, Kerzner International (Bahamas) top executive yesterday said the resort - although "very confident" -wanted to "see what happ
BABY BOOMERS LANDING ON ENTREPRENEURIAL FEET
By Simon Cooper Res Socius Although I'm not near retiring by a long shot, I was encouraged by an article I read in USA Today. The piece analysed the demographic spread of start-up entrepreneurs in the US, and came up with conclusions that few expected. T
