Gov’t reviewing $20m poultry farm
INVESTMENTS minister Khalis Rolle confirmed yesterday a $20 million “poultry project” for North Andros was currently under review, telling Tribune Business the Government should be in a position “in a couple of weeks” to make a final decision on the proposal.
Bank unveils 24.5% net income decline
Commonwealth Bank yesterday unveiled a 24.5 per cent net income drop for the nine months ended September 2012, as provisions relating to non-performing loans took their toll on the bottom line.
NIB 'overpay' fear on $9m City Markets HQ
Fears were yesterday raised that the National Insurance Board (NIB) could massively overpay for the former City Markets head office and warehouse facility, with Tribune Business told it was looking at a $9 million deal - double what a previous bidder had offered.
Quality's 20,000 customer goal at South Beach
Super Value’s owner yesterday said his two supermarket brands will collectively employ more than 1,000 persons when the final store opens in February, adding that he would be “thrilled” if the latest location attracted 20,000 customers per week.
Tourism advisor embroiled in 'conflicts of interest'
Ministry of Tourism executives felt the company at the centre of a probe into former minister, Vincent Vanderpool-Wallace, was embroiled in “conflicts of interest” because its principals reviewed a bidding process they were also participating in.
Scotiabank: No BISX listing plan
Scotiabank (Bahamas) has no plans to list on the Bahamas International Securities Exchange (BISX), leaving it as the only local commercial bank that has not offered an equity stake to the Bahamian public.
BREA 'cautioned' on MLS data plan
The Bahamas Real Estate Association (BREA) was yesterday urged to “be cautious” in using its Multiple Listing Service (MLS) to produce market data reports, given that its listings only represented 25 per cent of total activity.
BFSB student winner opens CFAL 'prize'
Aldeka King, the winner of this year’s Financial Services Student of the Year Award, will use her prize funds to open an investment account at CFAL.
THE ART OF GRAPHIX: Natural born talent key to design success
Were you born a designer, or do you simply hone those creative skills into a career path over a lifetime?
PHA: No Bahamian 'exclusion' policy
THE Public Hospitals Authority (PHA) said yesterday that there was no policy of exclusion for Bahamian medical equipment and pharmaceutical suppliers over the ongoing Princess Margaret Hospital (PMH) expansion, adding that it would “rigorously avoid” exclusive arrangements or some firms gaining an unfair advantage.
Wholesalers fear BFS purchase a ‘done deal’
The Bahamian wholesale industry has been told that Government approval of Bahamas Food Services (BFS) acquisition by Sysco is “a done deal”, Tribune Business was informed yesterday, although administration sources were adamant that no final decision had been taken.
Scotia targets private wealth growth rates 'north of 20%'
Scotiabank (Bahamas) managing director believes its wealth management business can sustain annual growth rates “north of 20 per cent”, with this segment and corporate commercial clients expected to be its two growth generators for 2013.
Scotiabank: No Borrowers qualify for mortgage plan
Scotiabank (Bahamas) yesterday confirmed that none of its 59 customers who applied for the Government’s Mortgage Relief Plan had actually qualified, with more than 50 per cent lacking the necessary incomes to sustain restructured loans.
Hotels eye highest occupancy since '07
The Bahamas Hotel and Tourism Association (BHTA) has elected its 2013-14 leadership team at the 60th Annual General Meeting (AGM), with its president and the minister of tourism before calling for improved industry service levels.
