BISX-listed fundloses '$1m net'on flagship's22% vacancy
The BISX-listed Bahamas Property Fund is losing "in excess of $1 million net " in annual profits due to a 22 per cent vacancy rate at its flagship Bahama
Gov't forced to borrow $669m
The Government is borrowing an astonishing $669.205 million to cover its financing needs for the 2012-2013 fiscal year, with debt servicing (interest) costs now the single largest lin
Grand Lucayan 'vacuum cleaner' collapsing rates
HOTEL rates on Grand Bahama are "collapsing", one resort general manager told Tribune Business yesterday, saying the Grand Lucayan was
Renewable firm offers Bahamians 20% equity option
Baha Mar's renewable energy partner is giving Bahamian investors buying into its $3 million promissory note offering an option to convert their investment into a
Facebook poses direct marketing challenge
Professor Philip Kotler, of the J.L Kellogg Graduate School of Management, is considered by many to be the 'Father of Modern Marketing'. About 25 years ago I attended, and worked for, this pres
Bahamian accountants on regional committees
The Bahamas Institute of Chartered Accountants (BICA) has announced that Reece Chipman and Zelma Wilson have been appointed members of the Institute of Chartered Accountants of the Caribbean's (ICAC) regional c
Bahamian attorneysattend key law forum
Two Higgs & Johnson attorneys have attended the Annual Litigation Forum hosted by the International Bar Association (IBA). Partner and head of litigation, Oscar N. Johnson, along with Tara Archer, partner and chair of the IBA's Consumer Litigation Commit
Bahamasair 'optimistic'on Grand Bahama flights
BAHAMASAIR executives were yesterday optimistic over the viability of the carrier's new service into Grand Bahama, its general manag
BEC: Over 60% of clients were 'non-performing'
MORE than 60 per cent of the Bahamas Electricity Corporation's (BEC) 102,444 customers were over 90 days past due in paying their bills at the recession's peak, it has been revealed, with the monopoly power provider seeing a major decrease in its current solvency deficiency to $17.75 million at the end of its 2010 financial year.
Canada ruling forces broker into 'pull back' on expansion
A BAHAMIAN broker/ dealer has been forced to "pull back" on potential expansion plans following a Canadian regulatory ruling against it, telling Tribune Business it has to-date refrained from legal action against the Securities Commission of the Bahamas because the "horse was already out of the gate".
Superwash eyes $200k costs for roadworks tie-in
A WELL-known businessman yesterday said it would cost his company between $150,000-$200,000 to tie five locations into the new roads created by the New Providence Transportation Programme, describing the issue as "a substantial burden" for many Bahamian-owned businesses.
Kerzner gains 2-3% fees for Atlantis and Ocean Club
KERZNER International is earning base management fees equivalent to 2 per cent and 3 per cent of gross revenues generated, respectively, by the Atlantis and One & Only Ocean Club under the terms of its $2.5 billion debt restructuring, Tribune Business can reveal.
Marketing agency can serve '90% of business'
A MARKETING agency which recently launched in the Bahamas yesterday said it was offering companies maximum exposure with no upfront costs, an executive telling Tribune Business it could cater to "90 per cent of businesses" in this nation.
Barbados's lessons for the Bahamas over VAT
THIS article seeks to explain the broad concept of the Value Added Tax (VAT) and detail the process of its implementation in the particular case of Barbados.
Farmers: $9k packing house limit 'can't buy year's fertilizer'
BAHAMIAN farmers on the Family Islands say marketing their produce continues to pose a major challenge, one telling Tribune Business: "You have to fight to get your stuff sold."
