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THE Bahamas is 200-300 years behind on work place safety regulations and training, a Bahamas Safety Alliance director telling Tribune Business there was an urgent need to tackle the issue.
The New Providence Road Improvement Project’s so-called ‘cost overruns’ really total $300 million when the impact on affected businesses is factored in, a former leading retailer believes.
The 40-acre development that sparked a Canadian government warning on Bahamian real estate transactions has concluded its Privy Council appeal over the ownership of 11 lots, arguing that the new Planning and Subdivisions Act strengthens its case.
CARNIVAL Cruise Lines’ latest ship Carnival is expected to pump more than $6 million into the Bahamian economy over the next six months, the Minister of Tourism believes.
For many years our country has entertained, and engaged in, the gambling and National Lottery debate. Everyone has seemingly made it a point to make their case known.
The proposed New Providence Road Improvement Project compensation will relieve only “20-40 per cent” of the pain suffered by impacted businesses, a consultant expressing hope it might at least help some “get back in the game”.
Most Bahamian small businesses are “hanging on by the skin of their teeth”, a senior private sector official saying it was vital to implement the right support structure for their survival and growth.
SEVERAL Nassau-based businesses launching local ‘Black Friday’ sales promotions saw a spike in business over the weekend, one telling Tribune Business that if more embraced the idea Bahamians might choose to shop locally on what has become the busiest shopping day in the US.
The Bahamas Hotel Association (BHA), on the eve of its 60th anniversary, has disclosed that it is changing its name to the Bahamas Hotel and Tourism Association (BHTA).
THE Government is being urged to follow through on its roadworks compensation proposal ahead of the Christmas holidays, one business owner telling Tribune Business: “A little something is better than nothing at all.”
The registered agent for the two corporate shareholders of CLICO (Bahamas) main subsidiary refused to disclose their beneficial owners to the insolvent insurer’s liquidator unless he received permission to do so from their ultimate principal in Trinidad, Tribune Business can reveal.
Plans for the Bahamas Financial Services Board’s (BFSB) International Business and Finance Summit (IBFS) 2013, scheduled to be held at the Bimini Bay Resort from February 1-3, are well underway.
Electricity costs for Exuma resorts are “almost double” those faced by Nassau hotels on a per room basis, a Cabinet Minister identifying a host of infrastructure challenges as preventing the island from reaching its full economic potential.
Cable Bahamas has been forced to endure a “painful” 50 per cent year-over-year increase in electricity costs, a senior executive yesterday saying 2012 revenue and profit growth had been driven largely by its broadband Internet and new products.
The Government will “never make right what they did wrong” with the New Providence Road Improvement Project, a leading businessman said yesterday, urging the private sector to accept the compensation offered and “put this chapter behind us”.
BOATING visitors to the Exumas have brought increased custom for one Bahamian entrepreneur, who told Tribune Business his open-air beach front restaurant and special events venue business had “doubled” in the past year.
The downside to doing well in business is that competition arrives and tries to grab your patch...
While agreeing that real estate conveyances take too long and that the Bahamas should move to a registered title system, a local attorney yesterday said this required a phased implementation.
THE losses incurred by Bahamian fishermen as a result of Hurricane Sandy are “no small number”, the Bahamas Commercial Fishers Alliance (BCFA) president said yesterday, saying the industry would have to “make the best out of a bad situation” after their pleas for a grouper season extension were rejected.
The Bahamas will host a meeting of the Caribbean’s Investment Promotion Agencies (IPAs) on November 27-28, 2012.
A Bahamian insurer yesterday said its Hurricane Sandy gross losses were likely to come in more than 20 per cent below 2011 levels at “just over $5 million”, acknowledging the storm would have a “dampening impact” on 2012 profits.
Fidelity Bank (Bahamas)loan loss provisions rose by 136 per cent during the 2012 third quarter, its chief executive telling Tribune Business this pushed its results for the period “slightly below expectations”.
Land development in the Bahamas is being impeded by an attorney-imposed “stranglehold”, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday adding his voice to those calling for a formal property title system.
FAMILY Island arrivals from Latin America are up nearly 40 per cent year-over-year, representing one of the largest destination increases, the Out Island Promotion Board’s president said yesterday.
The Bahamas must take “some bold and revolutionary steps” to avoid losing its position as the Caribbean’s regional leader, a top private sector executive yesterday pointing out that this nation had not developed a new industry for 50 years.