Colina drops interest in CLICO (Bahamas)
COLINA Insurance Company has dropped its interest in acquiring CLICO (Bahamas) policy portfolio, Tribune Business can reveal, due to concerns over whether supporting back office data could be successfully obtained from the insolvent insurer's Trinidadian affiliate.
G-20 tax intent a 'serious threat' to financial sector
THE continued G-20/OECD push towards the automatic exchange of tax information poses "a serious threat" to the Bahamian financial services industry, a senior attorney urging this nation to "get ahead of the curve" in responding to their demands
Eurozone crisis hits $2-$4m real estate 'sweet spot'
THE Eurozone's sovereign debt crisis has boosted sales volumes in the Bahamian high-end real estate market over the past year, Tribune Business has been told, with deals hitting the "sweet spot" of between $2-$4 million on average.
Business health also suffers from obesity
WE began a discussion last week on the value of creating, and cultivating, a healthy mind, body and spirit, so that as citizens in corporate Bahamas we are able to make a more meaningful contribution.
Bank to unveil e-commerce platform today
BANK of the Bahamas International is today launching its e-commerce platform, its managing director describing it as "an ideal time" to make the move.
DNP co-chairman: country's high interest rates major deterrent for new businesses
THE cost of borrowing in the Bahamas is a major deterrent to persons looking to start up developments or small business according to the Downtown Nassau Partnership's (DNP) co-chairman Charles Klonaris.
BHA calling for elimination of market value investment
THE Bahamas Hotel Association (BHA) is calling for the elimination of the 25 per cent market value investment required under the Hotels Encouragement Act for the renewal of investment incentives.
Baha Mar 'very encouraged' by interest generated from upscale London launch
THE London launch of the $2.6 billion Baha Mar project's 303 luxury residences has generated significant interest, a senior executive said yesterday, telling Tribune Business: "We were very encouraged."
Minister 'very optimistic' about upcoming investment projects
MINISTER of State for Investments Khalis Rolle said yesterday that he was very optimistic regarding a number of investment projects currently in the pipeline, telling Tribune Business that these projects varied between sectors such as tourism, agriculture and energy.
AML Foods set to break ground on new restaurant
PRESIDENT and CEO of AML Foods Limited Gavin Watchorn told Tribune Business yesterday it expected to break ground on its flagship Carl's Jr restaurant in late October - early November and had already picked out a site for its second location.
Are you Marketing a good service?
I LIKE the saying: "You can't disguise a bad message, no matter how much you dress it up". There are many businesses who want their goods or services to appeal to everyone and prefer skipping the planning to get right to designing ; not knowing that it takes time and patience to design the right message that will reach the right people.
RUBIS sets focus to regain fuels and aviation business
RUBIS'S western Caribbean general manager said yesterday that company's immediate focus was to regain its commercial fuels and aviation business, telling Tribune Business that the company was also seeking to become more effective in the administration of maintenance in its retail operations.
Texaco retailer: 'The war was just getting started'
A TEXACO retailer said yesterday that while he had no intentions of resisting a court order which paved the way for his forced exit from the petroleum retail business after 23 years, "the war was just getting started."
Ministry continues to prep for fatca implementation
MINISTER of Financial Services Ryan Pinder said yesterday that the Bahamas was enhancing its preparations for the implementation of the Foreign Account Tax Compliance Act (FATCA), telling Tribune Business his ministry was seriously committed to ensuring that local financial institutions were ready.
Sitting Next to Ned (or Nellie)
I'M constantly amazed at the few real benefits some businesses receive for the dollars they shell out on training, and the number of promises they receive in return for them instead. It's the support trainees receive from management as they try to implement their new ideas that should count, as opposed to the brickbats they more often receive from colleagues.
