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$20-$30M INVESTMENT AT LAST HOTEL CORP HOTEL
By NEIL HARTNELL Tribune Business Editor An Illinois-based investor is eyeing a $20-$30 million investment during the first two phases of its plans to transform the last Hotel Corporation-owned property into an upscale boutique resort, with talks aiming
PUT NATIONAL INTEREST 'IN FACE' OF ATLANTIS PARTIES
By NEIL HARTNELL Tribune Business Editor The Government has been urged to publish a "broad Bahamian policy" on Atlantis, a former finance minister urging it to put this nation's interests "in the face" of the parties starting to fight over the resort's o
HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'
By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal
HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'
By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal
HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'
By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal
Port IPO 'north of $32m'
By NEIL HARTNELL Tribune Business Editor The Arawak Cay Port Development (APD) initial public offering (IPO) was yesterday said to be more than three times' oversubscribed, having raised "north of $32 million" with the tallying of applications not yet co
ROADS COMPENSATION 'SMOKE AND MIRRORS'
By NEIL HARTNELL Tribune Business Editor A leading businessman yesterday said there was "no Christ way on God's green earth" that the Progressive Liberal Party (PLP) would be able to fully compensate every business affected by the New Providence Road Imp
ROADS COMPENSATION 'SMOKE AND MIRRORS'
By NEIL HARTNELL Tribune Business Editor A leading businessman yesterday said there was "no Christ way on God's green earth" that the Progressive Liberal Party (PLP) would be able to fully compensate every business affected by the New Providence Road Imp
ROADS COMPENSATION 'SMOKE AND MIRRORS'
By NEIL HARTNELL Tribune Business Editor A leading businessman yesterday said there was "no Christ way on God's green earth" that the Progressive Liberal Party (PLP) would be able to fully compensate every business affected by the New Providence Road Imp
ROADS COMPENSATION 'SMOKE AND MIRRORS'
By NEIL HARTNELL Tribune Business Editor A leading businessman yesterday said there was "no Christ way on God's green earth" that the Progressive Liberal Party (PLP) would be able to fully compensate every business affected by the New Providence Road Imp
ROADS COMPENSATION 'SMOKE AND MIRRORS'
By NEIL HARTNELL Tribune Business Editor A leading businessman yesterday said there was "no Christ way on God's green earth" that the Progressive Liberal Party (PLP) would be able to fully compensate every business affected by the New Providence Road Imp
Superwash chief: VAT bites 12-14% off key products
A leading businessman says the Bahamian economy is stuck "in a funk" as Value-Added Tax's (VAT) full impact starts to bite, with sales in two of his key product categories down 12-14 per cent. Dionisio D'Aguilar, Superwash's president, told Tribune Business that the Bahamas desperately needed to change its attitude towards "rebooting the economy" and making it easier to conduct business.
AML chair: City Markets deal 'kept changing'
AML Foods chairman yesterday said its efforts to acquire City Markets' remaining business fell apart because the latter's principal, Mark Finlayson, "kept changing the terms of the deal" on a daily basis, and had nothing to do with the BISX-listed food retail group refusing to take on the chain's staff.
AML chair: three food retail players likely to survive
By NEIL HARTNELL Tribune Business Editor The Bahamian food retail market will ultimately be dominated by just three major players, AML Foods' chairman telling Tribune Business in the wake of Robin Hood's demise that consolidation was "inevitable". Dionis
'No doubt over VAT chaos' on January 1
A well-known businessman yesterday said he had “no doubt” the Government will be unable to seamlessly implement Value-Added Tax (VAT) come January 1, suggesting “chaos” would result from failing to promptly educate the private sector.
$600m Sarkis claims branded 'hogwash'
An ex-Baha Mar director has slammed as "hogwash" claims that Sarkis Izmirlian lacked the $600 million financing needed to complete the project, accusing the Government of "playing the blame game".
Competition fears on Super Value's City Markets 'deal'
By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per
Competition fears on Super Value's City Markets 'deal'
By NEIL HARTNELL Tribune Business Editor Rival food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per
'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
