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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.

De-risk 'client migration' to benefit larger banks

Correspondent bank 'de-risking' could drive another wave of Bahamian financial services consolidation by sparking "client migration" to larger institutions, a former finance minister has warned.

Bahamian realtor at 'Google' conference

Bahamian realtor at 'Google' conference A Bahamian real estate firm participated with worldwide affiliates in a May 9, 2012, marketing seminar at Google's New York offices. Damianos Sotheby's International Realty, along with marketing professionals from

CARIBBEAN FIRM TO TAKE OVER TOP TOUR DESTINATION

By NEIL HARTNELL Tribune Business Editor A leading New Providence tourist attraction is set to be transformed into a "first class destination" via an investment worth "millions" of dollars, Tribune Business can reveal, with its Bahamian owners set to sel

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AML TO INVEST $3-4M IN NEW FRANCHISE DEAL

By NEIL HARTNELL Tribune Business Editor AML Foods is planning to invest $3-$4 million over the next five years in building its new Carl's Jr franchise to a five-store chain, a business projected to generate an annual $15 million top-line at full build-o

Despite 42% productivity rise, BTC off on 'efficiency'

By NEIL HARTNELL Tribune Business Editor Despite beating many countries via a 42 per cent improvement in a key productivity benchmark between 2006-2009, the sector regulator last night suggested the Bahamas Telecommunications Company's (BTC) 2010 account

WILSON BLASTS PM FOR 'UNDERMINING' KERZNER POSITION

By NEIL HARTNELL Tribune Business Editor A leading businessman yesterday blasted Prime Minister Hubert Ingraham for what he alleged were contradictory public positions that ultimately undermined Kerzner International's "credibility" with its lenders and

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' Sub-Deck: * Arawak Homes chief says foreclosed properties creating over-supply further depressing market * Says IMF suggesting 'current public policy not adequate' * Bahamian living standards 'in decline' File

HOMEBUILDER AT '1/3 OF PRE-CRISIS LEVELS'

By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the company now having to compete against an over-

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the com

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the com

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the com

Homebuilder at '1/3 of pre-crisis levels'

Homebuilder at '1/3 of pre-crisis levels' By NEIL HARTNELL Tribune Business Editor A leading Bahamian property developer yesterday told Tribune Business that homebuilding activity is down to "one-third of where it used to be" pre-recession, with the com

Tackle other 'flies in ointment' of Freeport, says QC

By NEIL HARTNELL Tribune Business Editor The Government's decision to establish a committee to revise the Customs Guide to Freeport was yesterday hailed as "a first step to breathe modern life back into the Hawksbill Creek Agreement", a leading QC tellin

Tackle other 'flies in ointment' of Freeport, says QC

By NEIL HARTNELL Tribune Business Editor The Government's decision to establish a committee to revise the Customs Guide to Freeport was yesterday hailed as "a first step to breathe modern life back into the Hawksbill Creek Agreement", a leading QC tellin

BAHA MAR'S OCCUPANCIES 3-4% ABOVE FORECAST LEVEL

By NEIL HARTNELL Tribune Business Editor While occupancies at Baha Mar's two existing Cable Beach resorts are trending 3-4 per cent ahead of 2012 forecasts, the resort developer yesterday said they had yet to reach "levels considered acceptable", followi

INSURER 'PURSUES' SCOTIABANK GROUP POLICY CONCERNS

By NEIL HARTNELL Tribune Business Editor Bahamas First yesterday said it would be "quite aggressive in pursuing" complaints that Scotiabank (Bahamas) was directly contacting its mortgage clients and urging them to switch to the bank's group homeowners in

INSURER 'PURSUES' SCOTIABANK GROUP POLICY CONCERNS

By NEIL HARTNELL Tribune Business Editor Bahamas First yesterday said it would be "quite aggressive in pursuing" complaints that Scotiabank (Bahamas) was directly contacting its mortgage clients and urging them to switch to the bank's group homeowners in

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

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