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Renewable energy penetration under 2%

Laws to regulate net metering and/or net billing could lead to increased alternative energy installations in the Bahamas, a local provider estimating that renewable penetration in this country was only around 2 per cent.

Hotels face 'real challenge' filling 21% supervisory jobs

The hotel industry faces “a real challenge” in finding enough Bahamians to fill the 21 per cent of jobs accounted for by managerial positions, a senior hotel executive has warned.

Gov't deficit rises 50% in early 2012-13

The Government’s deficit grew by 49.5 per cent to hit $81.6 million for the first two months of the 2012-2013 fiscal year, a key Ministry of Finance adviser saying the “unwelcome” trend of spending growing faster than revenues remained.

'New day' needed for employer/union relations

The Bahamas must “usher in a new day” of business/labour co-operation, a senior Bahamian hotel executive urging that trade unions see the employer’s ability to “prosper” as the key objective.

Brewery 'driving by numbers plan'

Commonwealth Brewery has matched the interim $0.25 per share dividend it paid out to its 3,000 shareholders in 2011, its managing director telling Tribune Business that it expected 2012’s final quarter to also go “according to plan”.

Fishermen seek 30-day grouper season extension

THE Bahamas Commercial Fishers Alliance (BCFA) wants the Government to grant a 30-day extension to the grouper season, its president telling Tribune Business this would assist fishermen who had suffered losses due to Hurricane Sandy.

Developers 'kidding' if Out Island hotels larger than 75 rooms

Developers are “kidding themselves” if they think Family Islands can sustain resorts larger than 75 rooms, a leading Bahamian hotel executive urging such properties to “tie” into an island`s special attractions.

Ginn core: 'No sale' despite $15m offers

The master planner for the former Ginn sur mer project core yesterday said the plan was to find investment partners, not sell the 280-acre property, with Tribune Business able to reveal several $15 million purchase offers have been made.

Three-tier licence structure urged for water industry

A paper co-authored by the Water & Sewerage Corporation’s (WSC) general manager has called for a three-category licence structure to oversee the Bahamian water industry, arguing that “ineffective regulation” had created unacceptable results for both consumers and producers.

BTC 'principal' driver for CWC's Caribbean 4% earnings growth

The Bahamas Telecommunications Company (BTC) was the “principal” driver of the 4 per cent operating income increase enjoyed by its regional parent during the 2012-2013 first half, with mobile data usage in this nation having increased 600 per cent in 18 months.

'Split' US decision tohit Bahamas, world

International observers often worry about the centrifugal trend in many countries - the tendency of regions or ethnic groups to demand autonomy or independence, weakening the control of central governments and any “national” identity. Just a few examples: in Spain, wealthy Catalonia is threatening to spin off; Scotland wants separation from England; the Kurds want nothing to do with greater Iraq; Nigeria is split between the Christian south and the Muslim north; tribal allegiances in Pakistan and Afghanistan shatter any hopes for unanimity.

Achieving the profile for business success

When I’m asked how business people find themselves in the wrong place at the wrong time, I generally follow two lines of reasoning. These include wrongly thinking there was a market in a gap where there was none, and lacking the right personality to be in business in the first place.

Toronto developer 'major player' on February Point

A top Toronto-based real estate developer was yesterday confirmed as the “major player” in talks to acquire Exuma’s February Point development, its current owners hoping a deal will start to crystallise “within 30 days”.

Benchmark in 2013 'income' warning

Benchmark (Bahamas) yesterday warned investors to expect a “reduction in income”in 2013, due to the pending liquidation of one of its key clients.

Christie Gov't 'respects' BTC privatisation deal

The Christie administration has “made it clear they respect” the agreement that privatised the Bahamas Telecommunications Company (BTC), its majority owner yesterday saying it would not allow the Government’s attempts to regain control to hurt its own shareholders.

BTC targets ‘another 20%’ in cost slashes

The Bahamas Telecommunications Company (BTC) needs to “reduce operating costs by another 20 per cent” before cellular phone services are liberalised, its chief executive yesterday saying its post-privatisation transformation had reached “the halfway mark”.

BORCO enjoys 10% Q3 revenue rise

The Bahamas Oil Refining Company (BORCO) enjoyed a 9.8 per cent year-over-year revenue increase for the 2012 third quarter due to an extra 1.1 million barrels of storage capacity coming online, as it increased its share of its parent’s international operations to 93 per cent.

BTC 'bottlenecks' from 400% mobile data growth

The Bahamas Telecommunications Company (BTC) is investing a further $2 million in its 4G network to relieve “bottlenecks” at 15 cell tower sites caused by a 400 per cent increase in mobile data usage, its chief executive yesterday also targeting a ‘doubling’ of its Internet market share.

BTC creates 145 jobs

The Bahamas Telecommunications Company (BTC) has created 145 full and part-time jobs since its immediate post-privatisation downsizing, its chief executive adding that another 200 employees - some of whom had been waiting 10 years - were either promoted or “reclassified” within the company.

THE ART OF GRAPHIX: The signs to look for in a successful business

Have you considered the impact that a sign can have on your business? Many merchants increase their business measurably just by adding good signage.

Arawak Port beats its volume target by 1,000

The Nassau Container Port’s throughput volumes were 1,000 ahead of expectations during its 2012 fourth quarter, Tribune Business was told yesterday, with shipping companies reporting up to a 30 per cent improvement in vessel turnaround time from the new facility.

Gaming expert: Government wrong to legalise 'rackets'

An international regulatory expert yesterday said the Bahamian government had got its gaming policy wrong, arguing that it should implement a National Lottery rather than look at legalising web shop operations he described as “personal rackets”.

Bahamas urged: Go for aircraft registry 'flag of excellence'

An attorney yesterday said the Bahamas’ should establish an aviation registry “flag of excellence” mirroring the reputation of its maritime industry, adding that he was waiting on the Government for the ‘green light’ to proceed with the initiative.

City Markets staff fight' must not happen again'

The City Markets debacle “must never, ever happen in this country again”, a representative for 350-400 of its former employees yesterday saying they would not accept “less than 80 per cent” of the severance pay due to them.

Businessman questions NIB deal for City Markets HQ

A well-known businessman yesterday said it would be a “curious” use of retirement contributions for the National Insurance Board (NIB) to acquire the former City Markets office on East-West Highway, and called for full “transparency” should any transaction materialise.