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It is very difficult to sympathise with a struggling business, which despite warnings and encouragements to plan and prepare for greater success, refused each year to make simple investments in products, services, or their human capital for better outcomes.
The total value of New Providence real estate sales on the Bahamas Multiple Listing System (BMLS) dropped 45 per cent quarter-over-quarter in the three months to end-September, the industry yesterday unveiling its initiative to boost “market transparency” and real time data access.
The Lynden Pindling International Airport (LPIA) has seen “a quite substantial” 6.9 per cent increase in incoming airline seats during the first four months of its current financial year, its operator yesterday saying net income “isn’t the most accurate reflection of our health”.
The Bahamas Electricity Corporation’s (BEC) net loss for the 2012 financial year represents a negative $24.3 million swing from internal projections, a former executive chairman describing this as “a shocker” and adding: “Something seems dreadfully amiss.”
Oceania Heights’ principals were yesterday challenged to produce one owner who was happy with the development, an attorney telling Tribune Business: “The way the project was structured and sold should not be allowed in the Bahamas.”
Bahamas Realty has named Silvina Andrews as its overall top producer for 2012, with Pyper Gordon-Parker as top leasing agent and Sara Parker as top producer for exclusive listings. James Bernard won the Most Improved Agent title.
The Bahamas Telecommunications Company (BTC) yesterday said it has given its pre-paid cellular customers value-added gifts for Christmas.
If you buy a business for sale that is an inactive shell, then its value is its depreciated assets - less a deduction if its reputation is shot (perhaps we should call that ‘bad will’ to be consistent).
The prospects of improving the Bahamas’ dismal 21 per cent pension coverage ratio are “not very high” because proposed legislation does not make participation mandatory, a senior private sector official yesterday adding it was “not the right time” to bring the Bill forward.
A Bahamian airline yesterday said it may switch to a 100 per cent domestic route itinerary in a bid to keep all its 122 staff employed, although it had “not yet” received the Government response it was seeking to a ‘partnership’ proposal.
Disgruntled homeowners at the development that sparked a Canadian government warning were yesterday urged to stop “maligning the good investment name of the Bahamas” and devaluing their properties, with the developers’ attorney calling for a negotiated settlement to any alleged grievances.
The Bahamas Telecommunications Company (BTC) ha “no problem” with opening up the Bahamian cellular market to competition provided it takes place in accordance with the timetable set out when it was privatised, Tribune Business was told yesterday.
The Government was yesterday urged to exempt all businesses impacted by the New Providence Road Improvement Project from their 5.9 per cent share of National Insurance Board (NIB) contributions for a year, with some describing the proposed micro loan and BEC concessions as “meaningless”.
THE Bahamas Financial Services Board’s (BFSB) chief executive says a recent report showing the US was among world leaders for incorporating ‘untraceable shell’ companies “unequivocally disabuses the view that small international financial centres are loosely regulated”.
THE Minister of Transport and Aviation has praised Sandals Resorts International for its confidence and investment in the Bahamas, helping the tourism economy to thrive.
BANK of the Bahamas International has officially opened the doors to its brand new Carmichael Road branch this week.
THREE circus performers sponsored by La Station Vaudreuil, a non-profit organisation working with artists in residence for the Cirque du Soleil (CDS) and the Montreal National Circus School (MNCS), will be showcasing their unique talents under ‘The Big Top’ at the Bimini Big Game Club Resort & Marina over Christmas and the New Year.
Bahamas Waste yesterday expressed confidence it would generate a 100 per cent net income increase for the 2012 full year, despite experiencing a margin increase caused by key equipment costs more than doubling.
The New Providence Road Improvement Project’s impact has been “severely damaging” to the Bahamian entrepreneurial spirit, one businessman telling Tribune Business yesterday: “I wouldn’t tell anyone to go into business.”
Despite suffering a $13.941 million bottom line reversal that dropped it to a net $6.172 million loss for its 2012 financial year, the Nassau Airport Development Company’s (NAD) chief executive said it was still creating “an ideal gateway for the Bahamas”.
The Government needs to ‘purchase’ companies forced out of business by the New Providence Road Improvement Project at fair market value, a private sector spokesman suggested yesterday, estimating that over 1,000 Bahamian firms had been impacted.
AML Foods yesterday said its new Solomon’s Fresh Market store at Harbour Bay exceeded the first day sales achieved by its western New Providence counterpart, its chief executive anticipating that a further five-10 staff will need to be hired.
My father’s name was David Rahming. He passed away in 2007 at the age of 65 from a heart attack. It must have been a big one, because he had a big heart...
Bob Minnigan, director of owner services for Baha Mar, gives a private tour of the new Baha Mar Residential Sales Preview Centre to Bahamian real estate agents from HG Christie, one of 15 Nassau-based firms authorised to sell The Residences at Baha Mar.
The Lynden Pindling International Airport (LPIA) reduced its energy consumption by just under 15 per cent during its past financial year, as it moves to become “a truly first class facility”.