Bahamian retailers hit by ‘showroom effect’
BAHAMIAN retailers yesterday said they have fallen victim to the “showroom effect” with consumers using them as ‘fitting rooms’ before purchasing online.
Kosoy, Sterling eye Hurricane Hole deal
David Kosoy’s Sterling Global Financial is in negotiations to acquire Paradise Island’s Hurricane Hole property from Atlantis’s owner, Tribune Business can reveal.
Income-type tax ‘likely inevitable’, warns ex-minister
A FORMER financial services minister believes it is “probably inevitable” that the Bahamas will have to introduce some form of low-rate income tax, warning: “We’re not in the clear yet.”
Enterprises Bill compared to ‘fighting cancer with band-aid’
A well-known businessman has compared the Government’s Commercial Enterprises Bill to “fighting cancer with a band-aid”.
‘Absolutely imperative’ Baha Mar doesn’t fail
BAHA Mar’s transformation into a sustainable mega-resort is an “absolute imperative” for the Bahamas and its economy, the Chamber of Commerce’s chief executive says.
Property Fund ‘gap’ as PwC to vacate Providence House
THE BISX-listed Bahamas Property Fund is preparing for temporary vacancy at its last fully-occupied property, following a $2.206 million third quarter hit caused by a timing adjustment.
Bahamas signs three more air services deals
THE Minister of Tourism and Aviation has signed the Bahamas on to three more Air Services Agreements (ASAs), bringing the total to 11.
Unions: Employers leaving us with no choice but strike
A union leader yesterday said employers are ignoring the legally-stipulated 45-day period in which to begin negotiations, leaving organised labour with no choice but to resort to industrial action.
Nassau/PI resorts in New Year sell-out
MAJOR Nassau/Paradise Island resorts are predicting traditionally strong occupancies over the Christmas and New Year’s holiday period.
Make Nassau Harbour breaches 'top of pile'
Nassau Harbour’s deteriorating breakwaters should be “top of the pile” in the Government’s priorities, a port chief argued yesterday, given the threat to 90 per cent of the city’s imports.Michael Maura, Arawak Port Development Company’s (APD) chief e
Kingpin's family lose 'Bahamian supremacy' claim in $50m battle
THE family trust of a once-jailed gaming kingpin, represented by the Opposition’s leader, have seen the US courts reject their claim of ‘Bahamian legal supremacy’ over a $50 million tax battle.Judge Jan Dubois, sitting in the eastern Pennsylvania fed
Condo complex crippled by RBC account closure
AN Abaco condominium association yesterday accused Royal Bank of Canada (RBC) of leaving it financially crippled due to the “unexplained” closure of its account.Dan Proctor, chairman of Treasure Cay’s Atlantis Condominiums Complex, told Tribune Busin
Baha Mar closing 'paves way' for more expansion
Baha Mar’s new owner last night said the acquisition closing will “pave the way” for further investment and expansion at the $4.2 billion development.Chow Tai Fook Enterprises (CTFE) confirmed Tribune Business’s exclusive revelation on Tuesday that i
Investment Funds Bill to plug 'gaps'
THE new Investment Funds Bill will address “substantive legislative gaps” that left the Bahamas compliant with just one out of five global regulatory principles.K Peter Turnquest, the Deputy Prime Minister, yesterday said the regulatory overhaul - de
Insolvency Association focusing on education
BAHAMIAN accountants and attorneys have teamed to form the Restructuring and Insolvency Specialists Association (Bahamas) (RISA Bahamas”).The Association has been formed as a professional body for persons practicing restructuring and insolvency in th
