THINKING RULES MADE TO BREAK
By Deidre Bastian Have you ever tried thinking like a web/graphic designer? If you have, you would be forced to think deeply, logically and precisely. Why do you need to think like a web/graphic designer, especially if the client comes up with the idea,
THE 'BAHAMIAN DREAM' HAS SOURED FOR SO MANY
Anyone who reads the local newspapers cannot help but notice the large number of distressed Bahamian homes advertised for sale by banks under their mortgage powers. Never before in the history of the Bahamas have so many families suffered the humiliation,
'GET YOUR POUND OF FLESH IN THE CORRECT ABATTOIR'
By NEIL HARTNELL Tribune Business Editor A leading QC told homeowners embroiled in an ongoing battle with the developers of their $52 million project to "seek their pound of flesh in the appropriate abattoir", rather than trouble Prime Minister Hubert In
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
BCA chief: 'Many smaller builders' oppose regulation
BCA chief: 'Many smaller builders' oppose regulation By NEIL HARTNELL Tribune Business Editor Many smaller Bahamian contractors do not support the Bahamian Contractors Association (BCA) or its push for legislation to regulate the industry, the latter's
CLICO liquidator saves $670,000 from IRS clutches
CLICO liquidator saves $670,000 from IRS clutches By NEIL HARTNELL Tribune Business Editor CLICO (Bahamas) liquidator has freed up "significant cash" worth some $670,000 by negotiating a settlement of the US Internal Revenue Service's (IRS) tax claim ag
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
Creating new leader breed
Creating new leader breed By Ian Ferguson We have been working through our 21st century definition of a leader as being one who builds relationships, nurtures staff abilities and, through that talent, accomplishes goals and objectives. We have stated e
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
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
Bahamasair eyes 'break even' despite $21m loss
Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
Creating new leader breed
Creating new leader breed By Ian Ferguson We have been working through our 21st century definition of a leader as being one who builds relationships, nurtures staff abilities and, through that talent, accomplishes goals and objectives. We have stated e
BCA chief: 'Many smaller builders' oppose regulation
BCA chief: 'Many smaller builders' oppose regulation By NEIL HARTNELL Tribune Business Editor Many smaller Bahamian contractors do not support the Bahamian Contractors Association (BCA) or its push for legislation to regulate the industry, the latter's
Bahamasair eyes 'break even' despite $21m loss
Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
Creating new leader breed
Creating new leader breed By Ian Ferguson We have been working through our 21st century definition of a leader as being one who builds relationships, nurtures staff abilities and, through that talent, accomplishes goals and objectives. We have stated e
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
All Bahamians need the energy for conservation
Dear Editor, I am moved to respond to the "dabbling" comment in the article on Renewable Energy in last Thursday's Business Section of The Tribune. Governments are increasingly being asked to do more and be more. Yet individual choices are at the centre
Bahamasair facing $1m hangar upgrade
Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-
$10m APD IPO to list before March end
$10m APD IPO to list before March end By NEIL HARTNELL Tribune Business Editor The $10 million Arawak Port Development Company (APD) initial public offering (IPO) should be listed on the Bahamas International Securities Exchange (BISX) by some point in
$30m Town Centre 'shooting' for Xmas 2012 completion
$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus
$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
Gov't completes 'big architecture' on renewables
Gov't completes 'big architecture' on renewables By NEIL HARTNELL Tribune Business Editor The Ingraham administration has completed "the big architecture" to reform the energy industry and pave the way for renewable sources, the minister for the environ
All Bahamians need the energy for conservation
Dear Editor, I am moved to respond to the "dabbling" comment in the article on Renewable Energy in last Thursday's Business Section of The Tribune. Governments are increasingly being asked to do more and be more. Yet individual choices are at the centre
Bahamasair facing $1m hangar upgrade
Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-
$10m APD IPO to list before March end
$10m APD IPO to list before March end By NEIL HARTNELL Tribune Business Editor The $10 million Arawak Port Development Company (APD) initial public offering (IPO) should be listed on the Bahamas International Securities Exchange (BISX) by some point in
$30m Town Centre 'shooting' for Xmas 2012 completion
$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus
$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
Gov't completes 'big architecture' on renewables
Gov't completes 'big architecture' on renewables By NEIL HARTNELL Tribune Business Editor The Ingraham administration has completed "the big architecture" to reform the energy industry and pave the way for renewable sources, the minister for the environ
All Bahamians need the energy for conservation
Dear Editor, I am moved to respond to the "dabbling" comment in the article on Renewable Energy in last Thursday's Business Section of The Tribune. Governments are increasingly being asked to do more and be more. Yet individual choices are at the centre
Bahamasair facing $1m hangar upgrade
Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-
$10m APD IPO to list before March end
$10m APD IPO to list before March end By NEIL HARTNELL Tribune Business Editor The $10 million Arawak Port Development Company (APD) initial public offering (IPO) should be listed on the Bahamas International Securities Exchange (BISX) by some point in
$30m Town Centre 'shooting' for Xmas 2012 completion
$30m Town Centre 'shooting' for Xmas 2012 completion By NEIL HARTNELL Tribune Business Editor New Providence Development Company is "aggressively shooting" to have its $30 million Old Fort Bay Town Centre fully operational by Christmas 2012, Tribune Bus
$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
Gov't completes 'big architecture' on renewables
Gov't completes 'big architecture' on renewables By NEIL HARTNELL Tribune Business Editor The Ingraham administration has completed "the big architecture" to reform the energy industry and pave the way for renewable sources, the minister for the environ
$180M INVESTMENT FOR BORCO IN 2012
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent company is planning to invest between $130-$180 million, more than half its total 2012 capital expenditure, in upgrading the Grand Bahama-based oil storage facilit
FUND TARGETS $500M-$1BN IN REAL ESTATE INVESTMENTS
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services provider yesterday said it was targeting between $500 million to $1 billion in asset-backed real estate securities investments for its newly-launched mutual fund, and seeking to expan
Likely 45-54% CLICO recovery on key asset sale
By NEIL HARTNELL Tribune Business Editor CLICO (Bahamas) and its creditors are likely to recover only between 45-54 per cent of the insolvent insurer's investment in its largest asset, Tribune Business can reveal, as its liquidator gears up to fight the
BAHAMAS 'UNAWARE' OF FINANCIAL 'WATCH LIST' PLACEMENT
By NEIL HARTNELL Tribune Business Editor A government minister last night said the Ingraham administration "was not aware of any international concerns" relating to the Bahamian financial services industry, after reports surfaced that this nation had bee
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
DEVELOPER MOVES TO AVOID EARLY 'MISS' AT EX-GINN PROJECT
By NEIL HARTNELL Tribune Business Editor The Canadian-based developer for the former $4.9 billion Ginn project's real estate component yesterday said it would suffer "a very severe blow" if it did not get the next phase right, having shifted the developm
Robin Hood chief still eyeing $5-$8m eastern build-out
By NEIL HARTNELL Tribune Business Editor Robin Hood's president is eyeing a career move into real estate development via a further $5.5-$8 million build-out of the former retailer's Prince Charles Drive site, telling Tribune Business he had "five interes
'SEVERAL HUNDRED MERCHANT' CLIENT BASE FOR BANK'S E-COMMERCE PLAN
By NEIL HARTNELL Tribune Business Editor Bank of the Bahamas International is eyeing an initial client base of "several hundred" Bahamian merchants for the planned launch of its e-commerce platform in six months' time, telling Tribune Business yesterday
COLINA BLASTS POLICYHOLDER LAWSUIT AS 'EMBARRASSING'
By NEIL HARTNELL Tribune Business Editor Colina Insurance Company has slammed as "embarrassing" allegations that it "mis-sold and negligently misrepresented" the benefits of Universal Life insurance policies to five elderly Bahamian policyholders, who ha
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
DEVELOPER MOVES TO AVOID EARLY 'MISS' AT EX-GINN PROJECT
By NEIL HARTNELL Tribune Business Editor The Canadian-based developer for the former $4.9 billion Ginn project's real estate component yesterday said it would suffer "a very severe blow" if it did not get the next phase right, having shifted the developm
Robin Hood chief still eyeing $5-$8m eastern build-out
By NEIL HARTNELL Tribune Business Editor Robin Hood's president is eyeing a career move into real estate development via a further $5.5-$8 million build-out of the former retailer's Prince Charles Drive site, telling Tribune Business he had "five interes
'SEVERAL HUNDRED MERCHANT' CLIENT BASE FOR BANK'S E-COMMERCE PLAN
By NEIL HARTNELL Tribune Business Editor Bank of the Bahamas International is eyeing an initial client base of "several hundred" Bahamian merchants for the planned launch of its e-commerce platform in six months' time, telling Tribune Business yesterday
COLINA BLASTS POLICYHOLDER LAWSUIT AS 'EMBARRASSING'
By NEIL HARTNELL Tribune Business Editor Colina Insurance Company has slammed as "embarrassing" allegations that it "mis-sold and negligently misrepresented" the benefits of Universal Life insurance policies to five elderly Bahamian policyholders, who ha
