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CABLE Bahamas Limited reported that revenue for its second quarter reached $28.4 million and year-to-date was $56.3 million.
TOURISM Minister Obie Wilchcombe has put into action his plan to pursue the African American and religious group markets.
THE long-awaited Contractor’s Bill is being reviewed by the Ministry of Works according to Bahamian Contractor’s Association (BCA) president Godfrey Forbes.
BAHAMAS Speed Week’s president said yesterday that organisers were looking to generate 1,200-1,400 room nights for the Bahamian hotel industry from this year’s event, telling Tribune Business that they were aiming to make Speed Week the biggest ‘must do’ social event on the Bahamian calendar.
TOURISM Minister Obie Wilchcombe said yesterday the Grand Lucayan Resort Freeport was in talks with the government about further expansion and reopening sections of the property.
MINISTER of Tourism Obie Wilchcombe said yesterday his ministry was focused heavily on Florida, telling Tribune Business that the Bahamas had lost some market share there.
MANY Bahamian contractors are facing challenges putting together successful bids according to Bahamian Contractors Association (BCA) president Godfrey Forbes.
Quite often people ask me why I broker business sales, when they think it’s almost easier to start one up themselves.
BAHA MAR, the largest single-phase resort development in the history of the Caribbean has announced that its President, Don Robinson, will retire on September 13, 2012. Mr Robinson said: “I would like to thank Sarkis Izmirlian for the wonderful opportunity to be part of the Baha Mar project especially after 33 years working for the Walt Disney Company.
THE historic Bluff House Resort & Marina, one of the first resorts built in the Abaco Out Islands in the 1950s, has announced the addition of eight new guest room suites as new ownership works to embellish a British Colonial Inn experience.
MANY of the smaller businesses along Blue Hill Road and Market Street will have to be paid out according to Coconut Grove Business League spokesman Ethric Bowe who told Tribune Business that there was simply “no way to bring them back” from the damages they suffered as a result of roadworks.
BAHAMIAN manufacturers can now see light and the end of the tunnel with the reimplementation of Industries Encouragement Act incentives according to a leading bottled water manufacturer who told Tribune Business that the government now needed to tackle the high cost of electricity.
SUPERWASH’S president Dionisio D’Aguilar said that the laundromat chain benefited from a particularly wet May and June, estimating that sales were up five to six per cent year-on-year.
WHEN starting your small business saving costs is always a concern for new entrepreneurs, hence designing and making your own logo is a good way to save some money. However, creating a logo for your company can be as simple or as complicated as you want it.
THE Utilities Regulation and Competition Committee has released its final determination on the implementation of number portability in the Bahamas.
THE overall fiscal deficit for the ten months to April widened by 27 per cent in comparison to the same period during the previous fiscal year according to the Central Bank’s monthly economic and financial developments for June.
THE regulatory framework of the securities and capital markets in The Bahamas is drawing closer to achieving higher international standards through the implementation of the Securities Industry Act, 2011 (SIA), and with the closing of the industry consultation period on six key proposed rules and guidelines.
I love receiving my alumni newsletter magazine each month from Northwestern University. Actually, I receive three at a time: one from the school of Engineering, from the school of Business and a general letter from the University, which contains information on all of the different disciplines.
FOLLOWING launches in London and Asia, Baha Mar announced yesterday the launch of its luxury residences in New Providence. Rick English, Sr Vice President of Residential Sales for Baha Mar said that during the past two months, the company had been focused on ‘building excitement’ in global markets for owning a residence at Baha Mar.
The Canadian developer for the former $4.9 billion Ginn sur mer project’s real estate component is “not close” to finding a partner, adding that the development was a ‘tough sell’ due to the absence of previous success.
HARBOUR Island’s tourism sector has been holding its own despite a slow economy according to Betty Bethel, tourism general manager of North Eleuthera and Harbour Island who said that some operators had reported numbers exceeding last year’s performance.
A former Baha Mar logistics co-ordinator has won his appeal against the Industrial Tribunal’s “illogical” finding that he held a managerial position, the appellate court ruling he did not and was thus entitled to overtime pay.
The five-year investment incentive limits previously placed on Bahamian manufacturers “took away a lifeline” when they needed it most, a government minister telling Tribune Business the move failed to increase the Public Treasury’s revenues.
The Ministry of Tourism is allocating $20,000-$30,000 to help provide small hotel properties, particularly in the southern Bahamas, with the technical support to improve their marketing and on-line visibility.
Some 65 per cent of the Bahamas Oil Refining Company’s (BORCO) first phase expansion has been leased, with the 1.9 million barrels of new storage capacity already operational set to generate $5-$7 million in extra second half operating income.