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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
‘Breath of fresh air’: 150k cruise arrivals over Xmas
The Downtown Nassau Partnership’s (DNP) co-chair yesterday hailed the increase in cruise ship traffic as a “breath of fresh air” for business with close to 150,000 passenger arrivals forecast for Christmas week.
Banks to ‘double’ VAT recovery.... to just 10%
The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.
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
Bahamas breaks global standards with jet fuel tax
The Bahamas is breaching international standards by levying 7 per cent import duty on jet fuel, warns a report produced for the Caribbean Development Bank (CDB).
BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its
BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its
BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its
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.
FUND 'BELOW PAR' AFTER 50% VACANCY CUT FAILURE
By NEIL HARTNELL Tribune Business Editor The Bahamas Property Fund's failure to cut the 20 per cent vacancy rate at its flagship Bahamas Financial Centre by half meant its 2011 performance fell "slightly below expectations", although last May's Bahamian
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
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
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.
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.
Bermuda learns from Arawak Port project
Arawak Port Development Company (APD) executives recently hosted Bermuda government officials on a tour of the $83 million Nassau Container Port and Gladstone Freight Terminal. Marc A.R. Bean, Bermuda's minister of environment, planning and infrastruct
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
Tourism ‘softness’ exposed with 7% room revenue fall
Tourism “softness” resulted in a 7 per cent year-over-year decline in peak winter room revenues for Nassau’s major hotels, with both occupancies and pricing coming under pressure.
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
