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THE first ever Regional Conference of Caribbean Contractors could provide significant exposure and networking opportunities for locals, the Bahamian Contractors Association’s (BCA) president yesterday urging his counterparts to pursue projects within the Caribbean.
Striping technician Brian Bostock is shown training Bahamas Striping’s Romell Davis with a hand-mould on speed humps
THE Nassau Airport Development Company (NAD) is aiming to make Lynden Pindling International Airport (LPIA) one of the top three airports in the Caribbean by next year.
Land values of $1 million per acre have transformed Carmichael into the Bahamas’ “fastest growing” real estate market, one realtor disclosing that a fast food brand had been induced to not only establish multiple locations but develop its own shopping plaza in the area.
Passenger traffic at the Lynden Pindling International Airport (LPIA) increased 11 per cent year-over-year this summer, with Baha Mar’s $2.6 billion Cable Beach expansion expected to drive a 30 per cent annual footfall increase come 2015.
For many years, the business community has had one consistent cry: We need greater access to finance.
Cable Bahamas says “18 years of neglect” forced it to seek a 27 per cent price increase for its basic cable TV product, a senior executive telling Tribune Business it had “no choice” if it was to remain compliant with regulatory benchmarks.
SANDALS’ chief executive has told Tribune Business “you could buy a hotel” with the monthly electricity bill generated by its Emerald Bay resort,with the property targeting a 6-7 per cent increase in its 2013 average occupancy rate.
Cable Bahamas has met all the obligations mandated by the Bahamian governnment, a senior executive telling Tribune Business the BISX-listed communications provider injected $50 million back into the economy annually.
By NEIL HARTNELL
More than 350 flights departing to the US from Lynden Pindling International Airport (LPIA) were delayed during a 10-week period this summer due to problems at US Preclearance, a senior hotel executive yesterday acknowledging that while there had been improvement it was “not 100 per cent”.
Bahamians are being prevented from purchasing new diesel vehicles that have 30 per cent more engine efficiency by the ‘high sulphur content’ of the fuel sold here, auto dealers having told the Prime Minister: “We’ve got first world vehicles on third world fuel.”
The Government’s proposed Employment Act reforms create “minimum standards far in excess” of those enforced globally, the Bahamian hotel industry has warned, and would force resorts to pay staff for an extra 2.5 hours per week of unproductive time.
Almost 90 per cent of Bahamian farmers are effectively ‘disenfranchised’ because they do not own the land they use, a senior agricultural expert yesterday calling for a strategic plan to develop the industry rather than “the regular ad-hoc approach”.
When I last Googled “closing deals” I got 130 million results. I should think there are a few more by now (and a good deal of repetition, too). Some I glanced at were downright crazy, like threatening negative consequences and repeating yourself three times. The following are the ones I felt the most affinity for.
First impressions are lasting, and people may have preconceived ideas as to worth and value based on what they see.
Student of the Year Award Sponsors have presented the 2012 prizes to the Bahamas Financial Services Board (BFSB). Left to right: Renee Barrow, human resources manager, Societe Generale Private Banking; Aliya Allen, chief executive, BFSB; Jean-Marc Fellay, chairman, the Association of International Banks & Trust Companies in the Bahamas; and Anastacia Johnson, administrator for the Association of International Banks & Trust Companies (AIBT).
THE Ministry of Tourism yesterday moved to defend its statistics reflecting an increase in cruise passenger spend, stating that the variation between its numbers and that of the Florida Caribbean Cruise Association (FCCA) was due “to differences in the methodologies employed..... in determining the spend levels”.
A major sports betting and mobile gaming operator is aiming to bring its Las Vegas-style offering to this nation’s casinos, as momentum builds to reverse a decline that has seen the Government’s tax revenues drop 29.4 per cent in the past six-eight years.
MORE opportunities need to be created to drive cruise visitor spending, the minister of tourism yesterday acknowledging: “We are getting the visitor numbers but not the spend”.
A major Toronto-based real estate developer was yesterday said to be among the leading contenders to purchase Exuma’s February Point development from the Hart family.
A Bahamian realtor yesterday said activity in the short-term rental market had increased by 35 per cent during the 2012 third quarter when compared to the first half, telling Tribune Business this market could be “more lucrative” than its long-term counterpart.
Looking back at my scrapbook for 2007, I saw a newspaper clipping for a Judo tournament that I held at Loyola Hall. T
Bahamas Speed Week Revival’s event director, David McLaughlin, has announcedprogress in securing corporate partners and official suppliers for the 2012 version.
The Bahamas is “ahead of the curve” in the trust and estate planning sector thanks to 2011’s legislation upgrades, a leading attorney telling Tribune Business they would enable this nation to go “head to head” with rival jurisdictions.