Atlantis settles gratuity lawsuit
Atlantis has moved to settle a US class action lawsuit that alleged it failed to properly disclose to guests how a “mandatory housekeeping gratuity and utility serve fee” charge was used, with Kerzner International agreeing to remove the word ‘housekeeping’ from all marketing and promotional material.
$9.4m increase 'no evidence' of moral hazard on mortgages
A leading banker believes there is “no evidence” to show the almost-$10 million May increase in mortgages between 31-90 days in arrears was produced by moral hazard relating to the political parties’ relief plans, adding that data indicates the bad credit situation is “bottoming out”.
Marching to a better beat
Having just enjoyed the nation’s 39th birthday, The Chamber Voice pauses to honor a country that has accomplished much.
Realtor backs BREA Stamp Duty proposal
A leading realtor has backed a call by the Bahamas Real Estate Association (BREA) for the Government to reduce Stamp Tax by 2 per cent across the board, a recommendation he made publicly in May following the announcement the administratiion would lower rates on sales of high-end properties.
Yielding better results with government bond issue
Major changes in the financial game often creep up almost unnoticed, without fanfare or formal proclamations.
Freeport retailer’s 100-job boost in Nassau expansion
A FREEPORT-based food retailer is expanding its operation to New Providence this summer by taking over the former Saveco store in Nassau Village, Tribune Business can reveal, in a move set to create around 100 jobs.
Senior banker queries if FATCA 'breaches the law'
By NEIL HARTNELLA senior Bahamian banker has questioned whether complying with the US Foreign Account Tax Compliance Act (FATCA) could breach this nation’s financial services laws, and expressed concerns that institutions could be “caught between a rock and a hard place”.
Gov't short-term credit 'maxed out'
The Government’s $4.416 billion national debt is “likely to get worse before its gets better”, a key Ministry of Finance adviser telling Tribune Business that key short-term financing facilities have been “maxed out”.
Bahamas' $1.5bn FDI tops small states
The Bahamas’ led all small island developing states (SIDS) by attracting $1.533 billion in foreign direct investment (FDI) inflows in 2011, a UN body’s report has revealed, although a senior private sector official said this nation “needs a bit more” to turn its economy around.
AML Foods targets 40-50% Freeport food retail share
AML Foods believes its newly-opened Solomon’s Lucaya store will give it a collective 40-50 per cent share of Grand Bahama’s food retail market, with that outlet’s sales already “quite a bit ahead” of expectations.
Roberts eyes $90m Quality sales 'within three years'
Super Value's president yesterday told Tribune Business his three former City Markets stores could generate a collective $90 million in sales
Doctors targets 50% global patient mix
DOCTORS Hospital Health Systems plans to re-open its Western Medical Plaza facility on September 1 after investing about $1.3
Bahamas misses EPA tariff cut deadline
The Bahamas has failed to meet its first scheduled tariff reduction obligations under the Economic Partnership Agreement (EPA), Tribune Business has been told
Super Value chief's 'not given up' on Harbour Bay lease
Super Value's president has "not given up hope" that he could yet take over the former City Markets' lease at the Harbour Bay Shopping Centre, telling
Cable concerns over BTC ‘tariff imbalance’
Cable Bahamas has warned that failing to rebalance the Bahamas Telecommunications Company’s (BTC) fixed-line voice tariffs prior to creating a Universal Service Fund
