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Less than half of all Bahamian companies are introducing innovations into their businesses, an Inter-American Development Bank (IDB) report finding that in 15 per cent of firms this was because “staff are resistant to change”.
Freeport’s ‘free trade zone’ status will be “permissible” under World Trade Organisation (WTO) rules, a well-known attorney argued yesterday, because the city has consistently been a net contributor to the Public Treasury.
Trustees for the City Markets’ employee pension fund were yesterday urged to properly secure the defunct supermarket chain’s former headquarters and warehouse, amid claims that the buildings were being “vandalised” and asset stripped.
In 2010 I went to Singapore to the first ever Youth Olympics. I was honoured to be a part of the Bahamas team and to coach my daughter to a fifth place finish in Judo...
The John Watling’s Distillery yesterday confirmed it had opened its Buena Vista Estate to complimentary tours, having to-date sold more than 4,000 bottles of its rum.
THE FINAL decision on an operator to take over the Grand Lucayan’s casino from Treasure Bay could be taken in two weeks, the Tourism Minister said yesterday, telling Tribune Business the Government was looking to have a replacement in place by end-June.
The MINISTER for the Environment said yesterday that within the next few weeks he hoped to know how bad fuel leak-related contamination was at the Robinson Road-based Texaco service station, adding that the issue highlighted the need for a “rigid” regulatory environment for the petroleum industry.
DRAFT legislation containing the necessary regulatory framework for oil exploration in the Bahamas could be before Cabinet with in the next 30 days, the Minister for the Environment said yesterday.
Skills shortages among high school leavers have resulted in the Bahamas having “a pretty old workforce” with an average age of 40, a private sector executive yesterday warning there was “no easy fix” to this nation’s labour problems.
Bahamas First Holdings yesterday said it shrugged off a collective $2.5 million ‘hit’ from Hurricane Sandy and various investment/commission decreases to hit “90 per cent” of its 2012 comprehensive income target.
The Government will earn more than $20 billion in royalty revenues if the Bahamas Petroleum Company (BPC) discovers one billion barrels of oil in this nation’s waters, the company’s chairman revealed yesterday.
A Bahamian auto dealer yesterday said it “would be fantastic” if just 30 per cent of the 130 proposals it wrote at the weekend’s Car Show translated into hard sales.
Bahamas Realty broker Silvina M. Andrews scored a hat-trick after becoming the realtor’s Top Producer for the third time in 2012.
A FORMER Bahamas Mortgage Corporation chairman yesterday blasted the Mortgage Relief Plan as “pure public relations” and “bogus from the beginning”, after the Government admitted that the plan had yet to benefit any distressed homeowners.
A BAHAMIAN airline executive yesterday warned that increased fees levied against carriers at Lynden Pindling International Airport (LPIA) could ultimately impact the country’s tourism sector,adding that the Government must decide on a plan for the aviation sector going forward.
The Bahamas’ foreign exchange reserves remain “relatively healthy” despite having declined by $70 million year-over-year, the Central Bank’s governor acknowledging recent “challenges” in continually rebuilding them.
The value of property assets used to secure Bahamian commercial bank mortgages has fallen by up to 30 per cent, prompting the International Monetary Fund (IMF) to call for this nation to develop “real estate price indices”.
The City Markets staff pension plan overpaid some beneficiaries by a collective $757,668 between 2004-2010, although some $4.216 million was left available to pay benefits as at end-January 2012.
The International Monetary Fund (IMF) may be acting as a ‘Trojan Horse’ for the G-20/OECD in pushing for the Bahamas to implement a corporate income tax, a former finance minister has warned.
A BAHAMIAN development firm is looking to construct a $10 million ‘upscale’ entertainment complex in western New Providence, one of its principals telling Tribune Business it would finance the venture through a 60/40 split between a private placement and VIP membership pre-sales.
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman has called for the creation of a ‘Jobs Bank’ accessible to all Bahamians, arguing that not enough information on employment opportunities was being made available.
CABLE Bahamas is putting together the “final piece” in its $89 million acquisitions of three Florida-based telecommunications providers, a senior executive telling Tribune Business that the deals now only await approval by the Bahamian government.
The Bahamian insurance industry will be placed under “significant strain” if there is a further cut in the Prime interest rate, with one underwriter also said to require “recapitalisation”.
The Bahamas’ international banking industry had “reversed” the recession-induced balance sheet contraction by 2011, growing assets by 12.6 per cent that year.
As we near the summer months and our high school and college students prepare to take their breaks, the market place will soon be flooded with youngsters vying for summer internships and employment.