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THE Government’s Price Control Department still does not provide enough margin to allow retailers to pay their expenses, one leading supermarket operator has told Tribune Business.
FamGuard Corporation has unveiled a flat year-over-year net income for the 2012 third quarter and first nine months, with a 57.6 per cent drop in annuity deposits offset by a $4.5 million decline in net poliyholder benefits.
THE Government needs to move with “some degree of haste” to provide additional funding for the Bahamas Development Bank (BDB), its former chairman saying its role in helping small businesses lacked clarity.
BAHAMIAN retailers saw a surge in customer traffic in the days leading up to the Christmas holiday, one telling Tribune Business that it expected to “meet and exceed” its sales target.
IF the sale of Christmas trees and the like are a reliable gauge of overall holiday spending, retail sales this season could be mixed.
The Nassau Airport Development Company’s (NAD) proposal to increase its international passenger user fee by 12.7 per cent has fuelled concerns about the ‘double taxation’ burden being imposed on the airline industry, one operator describing this as having “a big time” impact.
Wall Street believes the Bahamas has failed to meet projected economic growth targets for 2012, a leading rating agency finding that GDP expansion is set com
Homeowners at the controversial Oceania Heights development have identified 16 purchasers who have questions over whether their Stamp Duty payments were remitted to the Public Treasury.
The Bahamas Telecommunications Company (BTC) is being required to reduce the interconnection charges it levies upon rival operators by up to 53 per cent in 2013, with regulators determined to prevent its internal inefficiencies blocking competition.
Caribbean Bottling Company described as “unbelievably strange” the quality control issues it has experienced with a specific batch of its 12-ounce Schweppes Ginger Ale cans, electing not to produce any more until the problems are resolved.
As we count down to a new year full of opportunities for businesses throughout the Bahamas, we must pause to make the necessary investments and preparation to experience this success.
Regulators have dismissed the Bahamas Telecommunications Company’s (BTC) argument that forcing it to lower cellular (mobile) call termination rates would cost it $1.5 million a year, arguing that this is essential to fostering “fair competition” at home.
The bitter, long-running dispute at Exuma’s Oceania Heights project may be moving towards a negotiated settlement, after the homeowners group yesterday indicated they would be prepared to meet with the developers face-to-face.
The Bahamas’ Copyright Licensing Fund does not have enough monies to fully compensate intellectual property rights holders who have made “quite significant” multi-million dollar claims against it, Tribune Business was told yesterday.
Grand Bahama Power Company’s (GBPC) planned $35 million capital raising has been delayed again, this time by the need to obtain exchange control approval from the Central Bank of the Bahamas, Tribune Business understands.
THE Ministry of Finance has received about 60 applications to-date from businesses impacted by the New Providence Road Improvement Project (NPRIP), a senior Ministry of Finance official revealing yesterday that 15 businesses had already received micro-loans as part of the relief plan.
The BAHAMAS Commercial Fishermans Alliance (BCFA) president, Adrian LaRoda, said yesterday that a properly-equipped Defence Force was critical to tackling the poaching issue, noting that fishermen were not pleased that the Government may delay upgrading its fleet.
How time flies. We say this every year with increased surprise.
The Bahamas needs to “modernise” its entire retail pricing system, a senior Chamber of Commerce executive said yesterday, arguing that this nation should fall into line with major jurisdictions by using ‘shelf pricing’ as opposed to ‘item pricing’.
BAHAMASAIR’S load factors into Florida this weekend are in the high 80 and low 90 per cents, the airline’s deputy general manager, Van Diah, revealed yesterday, adding that the carrier was tapping into a good share of tourist traffic this Christmas.
While the Bahamas prevaricates over a possible 2013 referendum, Cuba is stealing a march on it when it comes to oil exploration.
Commercial banks have restructured $606 million worth of troubled loans within the last 12 months, a leading accountant said yesterday, warning that the sector could not be expected to stimulate the Bahamian economy through “aggressive lending” as long as credit kept falling into arrears.
AML Foods chairman yesterday blasted the “dogmatic” approach taken by the Government’s Price Control Department for damaging its Solomon’s Fresh Market brand, warning that profits were being threatened by an insistence that all products in certain categories be regulated.
WITH the Bahamas Food Services/Sysco deal moving forward, one Bahamian wholesaler yesterday expressed hope that Bahamian-owned suppliers could survive if the Texas-based distribution giant stuck to serving the hotel industry.
The Government was yesterday urged to grow the Bahamian economy from the ‘bottom up’ through small business development, a leading consultant suggesting this nation needed to increase annual GDP to $12 billion to escape its looming fiscal crisis.