BAHAMIAN REALTOR PRESENTS TO 150 INDUSTRY LEADERS
A Bahamian realtor has participated in an exclusive event hosted by the UK's largest real estate agency. George Damianos, president of Damianos Sotheby's International Realty, attended the event held by Countrywide at the Millennium Hotel in London. Count
Over $320m reversal in Gov't's fiscal position
The Government suffered a negative swing equivalent to 4.1 per cent of gross domestic product - worth more than $320 million - in its finances during the three month
Self-starter feels foreign squeeze
A BAHAMIAN striping company yesterday questioned why a foreign rival had been contracted for major striping projects on New Providence, its presi
Debt 'pushing Bahamas' deeper into Third World
THE Bahamas has "pushed ourselves further into" the ranks of 'Third World' nations via the rapid rise in the national debt, with an International Monetary Fund (IMF) report warning this nation's 57.6 per cent debt-to-GDP ratio has passed the threshold at which it will act as "a drag" on its economic growth.
US seeks $95m over Freeport prescription drug 'scheme'
THE US government is seeking $95 million from a Canadian citizen charged with using a Freeport-based pharmacy, licensed by the Grand Bahama Port Authority (GBPA), to export and sell illegal prescription drugs to US citizens.
NAD: Over $100m impact from LPIA redevelopment
THE NASSAU Airport Development Company (NAD) believes more than $100 million has been directly injected into the Bahamian economy as a result of Lynden Pindling International Airport's (LPIA) $409.5 million redevelopment, with 70 per cent of construction workers employed on the project Bahamian.
Aircraft registry potential 'well into millions'
ESTABLISHING a Bahamian international aircraft registry would earn this nation "well into the millions", an aviation legal expert has told Tribune Business, disclosing that a "conservative" study several years ago had estimated it could produce $18-$20 million in annual registration fees alone.
$14m payout to failed Bahamas bank's creditors
CREDITORS of an insolvent Bahamas-based bank and trust company are likely to recover just over 5 per cent of what is owed to them, its liquidator confirming to Tribune Business that a collective $14 million payment is currently being made to them.
$25m airport hotel remains 'a concept'
THE proposed $25 million hotel and office/conference centre at the Lynden Pindling International Airport (LPIA) is still just a 'concept' at this point, according to the Nassau Airport Development Company's (NAD) president and chief executive Stewart Steeves.
Get on your bike to achieve a healthy work-life balance
TODAY we begin a series that focuses attention on our emotional, mental, social and physical well-being as employees and employers. Much has been said about helping persons in the workforce achieve work-life balance. Perhaps it was the baby boomer generation that coined the phrase and worked diligently in accomplishing some form of health equilibrium between their work existence and their home and family. They were determined to not find themselves married to their vocations, and enslaved by work, sacrificing almost everything to advance and remain loyal to their employers.
Stimulus spending would 'never work'
SO-CALLED 'stimulus spending' "never works" in an economy like the Bahamas because it only succeeds in "running down" the all-important foreign exchange reserves, a former finance minister has told Tribune Business.
LPIA operators target 13 airlines
NASSAU Airport Development Company (NAD) executives and major tourism stakeholders are actively targeting key carriers as part of a strategy to create additional airlift, in a bid to support the expanded hotel room inventory set to come on stream within the next two years via the $2.6 billion Baha Mar project.
Gov't targets full WTO membership in current term
THE Christie administration is aiming to complete the Bahamas' accession to full World Trade Organisation (WTO) membership before the 2017 end of its term in office, Financial Services Minister Ryan Pinder told Tribune Business. He is preparing to lead a delegation to Geneva, Switzerland, this week for a second round of negotiations.
Bahamas First cools over BISX listing
Bahamas First cools over BISX listing By NEIL HARTNELL Tribune Business First Bahamas First Holdings, the general insurance holding entity, has yet to take "a hard and fast decision" on whether to list its ordinary shares on the Bahamas International Se
Gov't beats Excise tax forecast by 62%
THE Government has exceeded its Excise Tax revenue projections by almost 62 per cent for the 2011-2012 fiscal year, it was disclosed yesterday, collecting some $340 million during the final year of the Ingraham administration.
