Cloud computing firm flies high in shipping, finance
A BAHAMAS-based cloud computing company has seen increased interest in its services from various sectors, telling Tribune Business that most firms would use the type of solutions it offered within two to three years.
Cabinet mulling real estate 'game changer'
Bahamian realtors have their “fingers crossed” that the Government will renew the first-time buyer Stamp Duty exemption for transactions worth $500,000 or less, with the issue now before the Christie Cabinet.
EBITDA target vital to $40m BTC spend
Achieving EBITDA margins greater than 30 per cent is vital to the Bahamas Telecommunications Company (BTC) maintaining annual capital expenditure at around $40 million, a senior executive has confirmed
Freeport investor in 'tax fraud' charges
A business partner of Freeport-based investor, Preben Olesen, is one of two Grand Bahama residents charged by the US federal authorities with operating “a fraudulent offshore tax strategy”.
City Markets: 'Less than $2m' left for creditors
The sale of City Markets’ leasehold interests has finally been completed, but its principal warned that “less than $2 million” will be left for the remaining creditors - including his family and former staff - to fight over.
Fisheries chief supports statutory Advisory Board
THE BAHAMAS Commercial Fishers Alliance (BCFA) president believes the creation of a registry is key to modernising the Fisheries Act, telling Tribune Business he supports increased regulation for the industry..
CHAMBER VOICE: Ensuring staff love their jobs
Our last few columns have taken us deep into exploring, and understanding, the lack of efficiency that exists in the Bahamian workforce and the challenges that this presents on a macroeconomic scale.
Bank's fire-hit branch on move
Commonwealth Bank is moving operations at is Oakes Field branch to a temporary location next month, following last week’s fire damage.
'Hardest rock ever' puts resort building three months behind
The developers behind Eleuthera’s French Leave Resort & Marina have spent “about half” of the $7-$8 million first phase budget, with flint rock having put the construction schedule three months behind.
Freeport's 'diamond in the rough' staying flat
By NATARIO McKENZIE
US drops challenge to $8m ‘fraud’ funds
The US Justice Department will not challenge a Court of Appeal verdict over more than $8 million that once belonged to convicted ‘con man’, Derek Guise Turner, allowing Loretta Butler-Turner’s family and other defrauded Bahamian victims to determine how this sum is to be distributed.
Flooding set to cost insurers ‘pretty penny’
The heavy flooding in New Providence will “cost the insurance industry a pretty penny”, Tribune Business was told yesterday, with underwriters reporting initial claims volumes of “70-75” and “a few dozen”.
Doctors targeting 23% capital investment rise
Doctors Hospital is planning to invest $4.2 million in capital improvements to its business during its 2014 financial year, the previous year’s bottom line having been impacted by a $1.135 million ‘start-up’ loss.
Balmoral preparing for new $3m phase
Real estate developers will have “a really difficult time” selling their developments without in-house financing, The Balmoral’s principal told Tribune Business, adding that he was set to launch another $2-$3 million phase within four months.
Top banker: ‘No reason’ to alter 10% stock market rise prediction
A top investment banker yesterday said he saw “no reason” to change his prediction that the Bahamian stock market will end 2013 up 10 per cent, following the release of data showing its rebound had extended into an eighth month.
