Auto industry wants 'more horses in race'
The auto industry has held talks with the Government about adjusting the 25 percent duty threshold to enable more dealers to have “a horse in the race”, it was revealed yesterday.Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) president,
Dingman hit by $863k award on eatery collapse
A Lyford Cay resident’s former business partners have obtained a collective $863,000 default judgment against him over the collapse of his Nassau restaurant empire.Judge Naomi Buchwald, sitting in the south New York federal court, entered the award a
Winter tourism fears on union 'work-to-rule'
Unionised employees were yesterday placed on “work to rule” at most of Nassau’s major resorts in a move likely to raise fears for this week’s key Thanksgiving holiday weekend.Darrin Woods, pictured, the Bahamas Hotel, Catering and Allied Workers Unio
Group with Bahamas ties grows in cayman
SMP Partners, which has a Bahamian subsidiary, yesterday announced it has expanded its Cayman Islands presence with the acquisition of Solaris Corporate Services.Steve McGowan, SMP Partners’ group chairman, said in a statement: “This acquisition furt
BTC hits 'red line' on client, value erosion
THE Bahamas Telecommunications Company’s (BTC) chief executive says the company has reached “the red line” on mobile subscriber loss and value, and is readying the fight back.Garfield “Garry” Sinclair told Tribune Business that BTC must “reorient” it
BISX offers platform for $35.5m in trades
The collective value of BISX-listed equities fell by 4.82 percent during the nine months to end-September 2018, producing a similar decline to that witnessed on major global stock markets.The Bahamas International Securities Exchange’s (BISX) All-Sha
BTC's privatisation 'a colossal failure'
The Bahamas Telecommunications Company’s (BTC) privatisation “has been a colossal failure”, a union leader blasted yesterday, adding: “Aliv’s eating our lunch with ease.”Dino Rolle, the Bahamas Communications and Public Officers Union’s (BCPOU) presi
Flight Services comes alive with $200,000 deal
ALIV and Nassau Flight Services (NFS) yesterday announced a four-year partnership that will give the airport ground services provider upgraded communications services.Damian Blackburn, pictured, Aliv’s chief executive, said the agreement represented
'Stealth' corporate tax fear on licence fee regulations
The Ministry of Finance’s top official yesterday “categorically rejected” fears that the new business licence regulations are the first step towards implementing a corporate income tax regime.Marlon Johnson, the financial secretary, told Tribune Busi
Brewery 'eats' VAT increase on Kalik
Commonwealth Brewery has absorbed a “significant” cost by choosing to “eat” the 4.5 percentage point value-added tax (VAT) hike across its entire Kalik beer product line.Dennis Hanna, the BISX-listed brewer’s vice-president of corporate affairs, conf
BTC chief: Unproductive staff should be 'anxious'
THE Bahamas Telecommunications Company’s (BTC) chief executive has warned that unproductive staff should be “anxious” for their jobs as the company is “late” in adjusting to competition.Garfield “Garry” Sinclair told Tribune Business he wanted to pro
BISX-listed fund targets 40% profit boost from rental
The BISX-listed Bahamas Property Fund is predicting a 40 percent net profit boost from the $455,000 annual lease of office space that will have been empty for more than one year.Michael Anderson, the Property Fund’s administrator, told Tribune Busine
Insurance chief: Agent sector 'ripe for consolidation'
The Bahamian insurance agent/broker market is “ripe for consolidation”, Bahamas First’s chief believes, with its latest acquisitions set to boost its subsidiary’s performance by over ten percent.Patrick Ward, the property and casualty underwriter’s p
Summit to hold second edition at SuperClubs
Following its launch in 2017, Hubert Edwards Global will host its second annual Success Summit under the theme World Class success through Bold Leadership.“We dub our presenters Success Advocates, as that is what they will do on the day”, said Hubert
Tourism 'dismayed' by beauty queen dispute
The Ministry of Tourism has broken its silence to say it “is dismayed” by its protracted copyright battle with ex-beauty queen-turned songstress, Khiara Sherman, pictured, in the Texas court.Defending its position, the ministry said in a statement r
