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Broker severs ties with ex-investor over $1m ‘misuse’
A Bahamian broker/dealer yesterday said it had severed all ties with a former shareholder after he allegedly misappropriated $1 million that was intended to be an equity investment in the firm.
PHA: 20% local spend rise rebuts ‘wipe out’ fears
The Public Hospitals Authority (PHA) yesterday said the 20 per cent increase in spending with Bahamian pharmaceutical wholesalers over a two-year period proves that fears it is intent on “wiping out” the industry are groundless.
'Unsustainable' costs drive Old Fort Club's 67% fee rise
By NEIL HARTNELL Tribune Business Editor The exclusive Old Fort Bay club yesterday warned members it had "no alternative" but to implement the first ever increase in annual membership dues, raising them by 67 per cent to $5,000 per year, given that costs
'UNSUSTAINABLE' COSTS DRIVE OLD FORT CLUB'S 67% FEE RISE
By NEIL HARTNELL Tribune Business Editor The exclusive Old Fort Bay club yesterday warned members it had "no alternative" but to implement the first ever increase in annual membership dues, raising them by 67 per cent to $5,000 per year, given that costs
Drug wholesalers yet to feel PHA’s 20% spend rise
Major Bahamian pharmaceutical wholesalers last night said they were yet to feel the benefits of the Public Hospitals Authority’s (PHA) 20 per cent ‘local’ spending increase, with two reporting a decline in government sales this year.
Lyford Cay Club in $17m shopping centre purchase
The Lyford Cay Club is moving to close a $17 million deal to acquire its old shopping centre from New Providence Development Company, with plans to convert it into a mixed-use retail, residential and marina project.
‘Penny wise and pound foolish’
A well-known surgeon has branded the Public Hospitals Authority’s (PHA) move to exclude Bahamian wholesalers from the pharmaceutical drugs supply chain as “penny wise and pound foolish”.
SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
SUPPLIER CONCERNS ON BTC 'INCONSISTENCIES' SOLUTION
By NEIL HARTNELL Tribune Business Editor Bahamian businesses yesterday expressed concern that the Bahamas Telecommunications Company (BTC) was extending the period for paying them to 60 days, as the newly-privatised carrier moves to tackle "inconsistenci
CCA: WE SHOULD TAKE ADVANTAGE OF BAHAMAS – Contractor reached out for help to son of top govt advisor
Baha Mar's main contractor asked the son of Perry Christie's top policy adviser to intervene when his father proposed changing The Pointe's Heads of Agreement over how many Bahamian construction workers would be employed.
'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
'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
'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
Banks: SWITCH 'decision likely' by end-April
By NEIL HARTNELL Tribune Business Editor The commercial banking industry will "likely make some decisions" by end-April 2012 on the establishment of a local SWITCH network, something that will allow Bahamians debit card access to funds in their chequing
Banks: SWITCH 'decision likely' by end-April
By NEIL HARTNELL Tribune Business Editor The commercial banking industry will "likely make some decisions" by end-April 2012 on the establishment of a local SWITCH network, something that will allow Bahamians debit card access to funds in their chequing
Banks: SWITCH 'decision likely' by end-April
By NEIL HARTNELL Tribune Business Editor The commercial banking industry will "likely make some decisions" by end-April 2012 on the establishment of a local SWITCH network, something that will allow Bahamians debit card access to funds in their chequing
Liquidator targeting Govt’s $720k oil fee
Some $720,000 in oil exploration license fees that were paid to the Bahamas Government are being targeted by a Cayman-based liquidator, who has written to two Cabinet ministers seeking their assistance in recovering the funds.
'Significant' economic fallout fear on unrest
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has urged that the industrial unrest involving Customs and Immigration officers be resolved "as quickly as possible", warning that the
