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$40m investment to 'revolutionise' Exuma

By NEIL HARTNELL

Atlantis gets its own ale after teaming up with local brewery

Atlantis has partnered with the Bahamian Brewery and Beverage Company to make Sands Beer’s exclusive “Atlantis Ale” brand.

Charged broker waits five months for Commission's liquidation backing

A Bahamian broker/dealer facing two US lawsuits has been waiting over five months for the Securities Commission of the Bahamas to approve its liquidation plan.

Bank eyes 'two shot' $85m capital switch

Commonwealth Bank yesterday said it wants to make all its $85 million preference share capital Basel III-compliant before year-end 2014, with major shareholders in the first conversion expected to reject a payout.

Rubis invests $1.3m in Texaco rebranding

Rubis will invest $1.3 million in the rebranding of its Texaco service stations, four of which are set to undergo the transformation within days.

Association 'opens doors' for China business ties

The Bahamas-China Friendship Association (BCFA) is hoping to “open doors” for this nation ‘s private sector by using its recent trip to strengthen trade and business ties between the two nations.

Wall Street cuts Bahamas GDP growth

A Wall Street credit rating agency yesterday said it would likely downgrade its 2013 economic growth projections for the Bahamas.

Gov't 'very anxious' over South Ocean

The Government is 'very anxious' for the South Ocean property to be developed to its full potential.

$102m energy project 'comes alive again

By NEIL HARTNELL

BEC full value endangered by 'Uncertainties'

A former Cabinet minister yesterday said he fears the Government will not receive 'full value' from any Bahamas Electricity Corporation (BEC) buyer.

Bimini suffers its 'worst state ever'

By NEIL HARTNELL

Reinvention is the mother of survival

By D’Arcy Rahming

BISX developing new Gov't debt security

The Bahamas International Securities Exchange (BISX) yesterday revealed that it is developing a new debt security for the Government, which will 'fill the gap' by offering investors medium-term maturities.

HSBC departure 'not jurisdiction driven'

HSBC's departure from this nation is 'not jurisdiction driven at all', although 12 Bahamian jobs will be lost through the global banking giant's decision to exit a 'non-core' business by 2014.

BEC 'split' not a 100% certainty

The Bahamas Electricity Corporation's (BEC) split into two separate companies is not yet a 100 per cent certainty, Tribune Business was told yesterday.

BISX targets September for commercial paper unveiling

By NEIL HARTNELL

Bran: 'I didn't see BEC reforms coming'

The Democratic National Alliance's (DNA) leader has admitted to being taken by surprise by the Government's energy reform plans.

Bahamas in 50,000 seat airlift fall

The Bahamas has suffered an airlift decline of more than 50,000 seats for 2013 to-date, Tribune Business has been told, as airlines phase out services and adjust schedules to traveller demand.

$80m energy project eyes 25% cost slash

An $80 million renewable energy project believes it could slash electricity costs for consumers on 15 Family Islands by at least 25 per cent, having met or exceeded the Government's own pricing targets.

HSBC unveils Bahamas exit

Global banking giant, Hong Kong and Shanghai Bank Corporation (HSBC), has announced its exit from the Bahamian international financial services market.

Port Authority's 'abysmal failure' to save licensees

A well-known QC has blasted the Grand Bahama Port Authority's 'abysmal failure' to protect the rights of its 3,500 business licensees.

Brewery's $500k Abaco expansion

Sands Beer's manufacturer has expanded its retail footprint to Abaco via a $500,000 investment in acquiring a Marsh Harbour retailer.

Tourism sector's 'mixed results'

The Bahamian tourism industry has produced 'mixed results' for 2013 to-date, with hotels having increased room rates by almost 5 per cent but suffered a decline in large group business.

Downtown retailer in Carmichael expansion

A downtown Nassau retailer is expanding its operations to the Carmichael Road area.

Realtors tackle VAT education

the Bahamas Real Estate Association's (BREA) president says it is aiming to educate its membership about the impact of tax reform.