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THE Bahamas has not been a dynamic share owning society, a government minister said yesterday, urging more Bahamians to save and invest.
THE Bahamian real estate sector is a "buyer's market", realtors said yesterday, one telling Tribune Business that property values were seeing a downward trend of anywhere between 30-50 per cent.
THE Society of Trust and Estate Practitioners (STEP) Bahamas branch held its second annual Moot competition at the British Colonial Hilton Hotel on Thursday, March 29, 2012.
CITY Markets' principal yesterday said the supermarket chain was still on course to conclude the sale of its remaining four New Providence stores to Super Value by Friday, adding that the details had been determined already between himself and Rupert Roberts.
THE investment group that made a $3.4 billion offer to acquire Kerzner International in 2010 yesterday accused a former consultant of leaking documents related to the deal to Tribune Business, alleging that he was trying to embarrass both itself and the Atlantis owner.
A LEADING attorney yesterday proposed a 'debt-for-equity' style-swap as the solution to the Bahamas' existing mortgage woes, telling Tribune Business that to force commercial banks into losses and capital write-offs could endanger the nation's financial system and create even greater problems.
"HOW can I remove the white box or unwanted background from around my image?" This question has always been a popular pitch, both within and outside the graphic profession. Nevertheless, why would one choose to remove a background from a photo, especially if it marks a timeline of an occasion and tells a story?
A BAHAMIAN realtor yesterday said the industry's Multiple Listing System (MLS) was not the best indicator of market activity because it only featured "25 per cent or lower" of properties available for sale, telling Tribune Business it would take 10 years for it to list all available real estate.
AML Foods' chairman has rejected assertions that the BISX-listed food retail group "blew it" in its attempt to acquire City Markets' remaining New Providence stores, telling Tribune Business yesterday it had "not been formally told" its offer was rejected.
A WELL-known QC yesterday said his clients were being left with no choice but to file Judicial Review proceedings to halt a proposed 16-room boutique resort project on Exuma's Stocking Island, arguing that the Government's failure to follow the Planning and Subdivision Act was "a glaring example of the challenges" faced with Family Island developments.
THE Bahamas Human Resources Development Association's (BHRDA) new executive team is looking to tackle the main issues impacting the profession in the Bahamas.
Business broker 'turns down more than I can take on' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A Bahamas-based business broker said yesterday he had turned down more business than he was prepared to take on, telling Tribun
THE developer of Baha Mar's $102.3 million Seawater District Cooling (SDC) system has pledged that Bahamian labour would perform 75 per cent of the construction work, accounting for a collective 80,000 man hours.
I RECENTLY ran an ad for a client in three different newspapers. One ad yielded two new clients, another 10 and the third, 13. After further testing I will be able to analyse the results and develop a budget for the client based on some hardcore numbers, rather than just my or the client's feelings.
CUSTOMS brokers said yesterday that their operations had "slowed down" due to the ongoing strike action by the Bahamas Customs, Immigration and Allied Workers Union (BCIAWU).
CLICO (Bahamas) liquidation team is "hoping to exceed" original projections of a total $50 million recovery from the insolvent insurer's main asset, due to a combination of a "strengthening" Florida real estate market and revised selling strategy.
HOTEL and airport executives yesterday reported minimal fall-out from the strike initiated by Customs and Immigration officers during the Easter holiday weekend, with Lynden Pindling International Airport (LPIA) processing some 37,000 travellers.
Cable Bahamas says: 'Expect great things' By NEIL HARTNELL Tribune Business Editor Cable Bahamas yesterday warned Bahamians to "expect great things" in 2012, as it targets "significant upside" from its newly-launched fixed-line voice services that alrea
Container Port's 47% income fall By NEIL HARTNELL Tribune Business Editor The Freeport Container Port suffered a dramatic 47 per cent operating income drop in 2011, its majority shareholder has revealed, due to a sharp decline in cargo transhipments to
CITY Markets' principal believes an investment of between $6-$10 million is required to turn the supermarket chain's remaining four New Providence stores around, telling Tribune Business he aimed to close their sale to Super Value "by the end of this week".
New realty listings dwarf sales by 25:1 By NEIL HARTNELL Tribune Business Editor New properties added to the Bahamas Real Estate Association's (BREA) Multiple Listings System (MLS) during the 2012 first quarter dwarfed those sold by 25 times', one realt
NASSAU Airport Development (NAD) officials reported 'strong' passenger numbers during the Easter holiday weekend, after bracing for the impact of a strike initiated during the peak travel period by Customs and Immigration officers.
A LEADING architect of the Progressive Liberal Party's (PLP) mortgage relief plan is arguing that its so-called $105 million 'funding gap' would be covered by insurance, ensuring the Bahamas' "national financial position is not put at risk".
KERZNER International (Bahamas) managing director yesterday dismissed the surprise reemergence of a group that made a $3.4 billion offer in October 2010 to acquire the Atlantis and One & Only Ocean Club, telling Tribune Business the company had "never ever received an offer of merit".
Without a doubt, for the next several weeks the Bahamas will be fully consumed by election fever. The Free National Movement (FNM) has announced that it has completed its parliamentary ag