FINCO goes 'organic' through 2013 with $98m problem loans
FINCO is relying on existing borrowers to “carry us through” to the end of its 2013 financial year, having suffered a “bit of a spike” in accounts over 90 days past due during the 2012 third quarter.
Bahamas takes 'less liberalised' trade position with Canada
The positions taken by the Bahamas in trade agreement negotiations with Canada are “less liberalised” than both the National Investment Policy and this nation’s Economic Partnership Agreement (EPA) commitments, a senior official has told Tribune Business.
Decide your goalsbefore outsource
Economists tell us that specialisation is the most effective way to efficiently deliver goods and services to consumers
Mortgage plan covers just 37% of bad home loans
The Bahamian commercial banking industry has calculated that the Government’s proposed Mortgage Relief Plan will cover just $165 million in past due principal and accrued interest owing, a sum equivalent to just 36.7 per cent of all non-performing home loans.
Debate 'chickens out' over consumer impact
A leading food retailer has urged all parties in the chicken imports debate not to ignore the tastes of Bahamian consumers or “unbalance the supply chain”.
AML 'stops counting' at 2,000 resumes for 90 jobs
AML Foods yesterday told Tribune Business it had “stopped counting” after receiving over 2,000 applications for the 90 jobs that will be created when its Solomon’s Fresh Market store at Harbour Bay opens before Christmas, the situation highlighting why proposed Employment Act reforms should be shelved.
BTC negotiator: 'Political risk' now key concern for investors
Foreign developers and lenders are increasingly including ‘political risk’ in their assessments of whether to invest in the Bahamas, a key member of the Government’s BTC negotiating committee conceded yesterday.
AML Foods ups franchise sales goal to $15-$20m
AML Foods yesterday said it planned to break ground on its first $1-$1.5 million Carl’s Jr store in “about eight weeks”, a venture that will create 70 Bahamian jobs.
NIB to 'pretty much' match $46m surplus
The National Insurance Board (NIB) is expecting to “pretty much” match the $42.6 million total comprehensive income it generated in 2011 despite incurring several ‘one-time’ expenses, its director yesterday disclosing that total benefit expenditure was also expected to rise 3 per cent in 2012.
Downtown body backs Bay Street metered parking
THE Downtown Nassau Partnership (DNP) yesterday threw its support behind metered parking for the Bay Street area, as one merchant told Tribune Business the lack of adequate parking in downtown Nassau was “a complete turn-off” to potential customers.
Royal Bank sponsors education initiative
Royal Bank of Canada has sponsored the recent FOCUS Lyford Cay Foundation programme.
Nassau food retailerreaps MasterCard fruit
The fruit of an upscale deli’s promotional labour has earned it top place as a monthly winner in a MasterCard-Ministry of Tourism campaign.
BISX trading volume doubles
THE Bahamas International Securities Exchange (BISX) reported yesterday that its trading volume for the six months to end-June 30 more than doubled over the same period last year to roughly 2.8 billion shares.
East Bay boutique eyes wine expansion
BALDUCCINO’S boutique wine has developed a strong following thus far, its general manager said yesterday, telling Tribune Business he was looking to add food and service to the offering and create several job opportunities.
Potential 6,000 tourist boost for Bay Street
Bay Street and downtown Nassau could potentially receive a 6,000 passenger boost after two cruise ships were diverted to New Providence due to Hurricane Isaac.
