US court approves $13.27m CLICO deal
The US courts have approved another restructuring of the property that accounts for 63 per cent of insolvent insurer, CLICO (Bahamas), main asset to facilitate a deal that cou
'No doubt' over Fidelity revival: 144% profit rise
Fidelity Bank (Bahamas) chief executive yesterday said "there is no doubt we have turned the corner" after its 2011 total comprehensive income increased by 144 p
Gas retailer: 'I'm down, not dead'
A Texaco petroleum retailer yesterday vowed to lead the charge in lobbying for the sector's protection from big oil companies, telling Tribune Bu
Cable below 2011 without SRG's $2m
Cable Bahamas' 2011 net income would have fallen below 2010 comparatives had it not been for the $2.022 million profit produced by its newly-acquired Systems Resource Group (SRG
22% broadband penetration fall 'major challenge'
The Utilities Regulation and Competition Authority's (URCA) chairman has described Internet penetration in the Bahamas as "a major challenge", noting that broadban
Ads that grab the headlines
My client tossed the newspaper towards me and said: "I want my ad to look like this one. I noticed it right away; do you see all the colours in it?" I knew I was in for a long meeting. "What does the ad say?
Bahamian realtor boosts Abaco agent presence
Bahamian realtor, Coldwell Banker Lightbourn Realty, has expanded its Abaco presence by adding a husband and wife team to its staff. Chris and Tara Claridge, the owners of Out Island Internet (OII), will now b
BTC 'bullish' on 40% roaming revenue rise
THE Bahamas Telecommunications Company (BTC) has seen a major increase in its cellular roaming revenues, its vice-president of branding an
Car Show 'bounce' in 83-100% sales growth
BAHAMIAN new car dealers yesterday revealed that the Car Show "bounce" appeared to have returned in 2012, with April's sales up between 83-100 per cent month-over-month compared to March.
J S Johnson net profit off 25% on big losses
J S Johnson yesterday said it had managed to maintain 2011 dividend levels in line with the previous year, despite suffering a 25.1 per cent net income drop as a result of net claims incurred by its Insurance Company of the Bahamas (ICB) underwriting affiliate more than doubling.
Benchmark 'comforts' Alliance in $2.5m loss
Benchmark (Bahamas) chief executive yesterday said the 'comfort letter' it provided last year to its Alliance Insurance Management subsidiary to affirm it was a going concern was not "a cause for worry", as the BISX-listed investment manager unveiled a $2.5 million net loss for 2011.
FamGuard profits 'over $6m' if not for Prime hit
FAMGUARD Corporation yesterday told Tribune Business it would probably have generated "in excess of $6 million" in net income for 2011 had it not been for the Prime rate cut, disclosing that it suffered "close to a $1.3 million hit" through the impact on its reserves and investment income.
Texaco retailers to discover what new owner's 'all about'
LOCAL Texaco retailers are expected to meet with their new distributor today after RUBIS/Vitogaz completed its "nine-figure buyout" of Chevron's fuels marketing and aviation business in this nation, one independent dealer telling Tribune Business that the latter "was the worst dealer I had to deal with".
Bahamian lawyer set to attend aviation summit
BAHAMIAN aviation law specialist, Llewellyn Boyer-Cartwright, is among 25 lawyers worldwide to be invited to a meeting dealing with aircraft leasing and mushrooming demand for specialised aircraft financing in Washington DC this month.
Copa's Bahamas load factors still 80%-plus
COPA Airlines' performance is still holding strong, according to tourism director-general David Johnson, who told Tribune Business yesterday that through the months of March and April 2012 it was averaging load factors in the 80 per cents and above.
