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Ensure logos reflect true business image

“Does my business need a logo?” Whether you are just starting a business or your business is well on its way, this question may have popped into your head more than once. The answer is totally yours, as you know your market and your plans for your business better than anyone else.

Resort bookings 'slow considerably'

Despite the Nassau/Paradise Island resort industry beating June occupancy forecasts by 1.5 per cent, the Bahamas Hotel Association’s (BHA) president last night said the sector remained concerned about anything that could “tamper with an already thin bottom line”, bookings having “slowed considerably” for the upcoming weaker months.

$30bn Government royalty earnings forecast from oil

The Government could earn a collective $30 billion in royalty income during “the first 10 years of production” if projected quantities of oil are discovered in Bahamian waters, an oil explorer yesterday saying this would put the nation’s finances “into the black pretty quickly”.

TV credit rush cost senior Pictet staffer her job

The rush to obtain credit from Master Technicians to purchase a TV ended up costing a senior Pictet Bank & Trust employee with 24 years’ service her job, the Court of Appeal yesterday dismissing her $153,410 wrongful dismissal claim.

Bahamas must 'really be concerned' over BTC investor message

The Bahamas must “really be concerned” about the negative message it is sending to international investors over the Bahamas Telecommunications Company (BTC), a senior Chamber official yesterday saying developers “should never” have to factor political risk into their calculations.

MASSIVE ACTION BETTER THAN SOLE MAGIC BULLET

“I THINK you’re full of it,” I was told by one of the directors of an international firm, which had hired me to do a marketing consultation. “All we need to do is put up a billboard on the highway with a few words and we will get all the calls we need.” I had just presented the idea of taking massive simultaneous action versus instilling one thing at a time.

Gov't urged: Scrutinise 'cash for gold' operators better

THE Government was yesterday urged to scrutinise more carefully Business Licence applications for ‘cash for gold enterprises’, a leading trader telling Tribune Business the sector is increasingly being exploited by some simply seeking a “quick flip” for a “quick buck”.

PM pledges to meet City Markets chief

PRIME Minister Perry Christie said yesterday that he intends to meet with Mark Finlayson, principal of the now-defunct City Markets supermarket chain, and help resolve employee demands for a collective $3 million severance package that hundreds are awaiting.

3.3m texts give BTC successful test

The Bahamas Telecommunications Company’s (BTC) yesterday said its upgraded network handled over 3.3 million texts during the wekend, during what it called “a 100% successful test drive” of its new mobile platform.

$102m plant's timetable missforces Baha Mar to 'Plan b'

Plans to reduce Baha Mar’s air conditioning-related energy demand by 90 per cent have been thrown into severe jeopardy, the $2.6 billion resort developer yesterday confirming it had moved “on to Plan B” after a renewable energy firm failed to meet agreed timelines.

$1bn Rose Islandproject 'not active'for Ritz-Carlton

The Ritz-Carlton hotel chain has told Tribune Business it is “no longer involved” with the long-stalled $1 billion Rose Island resort development, describing the project as not “active”.

Auto dealer: Turning 79 prospects into sales 'the icing on the cake'

A Bahamian auto dealer yesterday told Tribune Business it was aiming to “close the deal” on 79 potential car purchases written at its weekend show, adding that turning just 50 per cent of those into actual transactions would be “the icing on the cake”.

'Severe consequences' urged if BTC misses efficiency targets

A well-known businessman yesterday called for “severe consequences” if the Bahamas Telecommunications Company (BTC) failed to meet its mandated 36-69 per cent efficiency improvement targets, arguing that its troubled cellular upgrade showed privately-run monopolies were “much worse” than their government counterparts.

Lab aims to curb testing outflows ‘in the millions’

A Bahamas-based medical laboratory is looking to curb the millions spent abroad annually on lab testing, its operator telling Tribune Business that returns in this sector are among the largest revenue areas for hospitals.

Sky limited by 'very low' 2-3% profit margins

Sky Bahamas’ chief executive has revealed that “very low profit margins” of between 2-3 per cent are continuing to squeeze the private aviation industry and make investors unhappy, despite his airline growing revenues by over 14 per cent in its last financial year.

Marriott 'autographs' $11m resort project

An $11 million Eleuthera resort project will be branded by Marriott’s high-end Autograph Collection, its principal telling Tribune Business he hoped its success would act as an investment “catalyst” for the island once construction was completed “in 14 months’ time”.

BTC ordered to improve efficiency by between 36-69%

The Bahamas Telecommunications Company (BTC) has been set efficiency improvement targets of between 36-69 per cent just to bring it into a ‘median’ position against rivals, the sector regulator finding its “productivity levels remained below those of comparable operators”.

Plan to succeed with succession

By Ian Ferguson

Realtor unveils vacation home rentals division

Mario Carey Realty has launched a new division aimed specifically at handling vacation home rentals, a market it believes has unlimited growth potential.

BTC interconnection charges to fall '55% over next 3 years'

The Bahamas Telecommunications Company’s (BTC) interconnection charges “are expected to fall by up to 55 per cent over the next three years” under proposals released by the sector regulator, in a move to ensure increased competition is not thwarted by the incumbent’s inefficiencies.

Fidelity ‘overwhelmed’ via 75% fund growth

RoyalFidelity Merchant Bank & Trust yesterday said it had seen “overwhelming” 75 per cent growth in its fixed income mutual fund for 2012 to-date, adding that it was “having a hard time” keeping up with the pace of new subscriptions.

Developer aims to ‘kickstart’ market by paying full 10% Stamp Duty

A leading New Providence real estate development yesterday pledged to pay the full 10 per cent Stamp Duty on all purchases from it in a bid to “kickstart” the market, its chief executive telling Tribune Business the initiative was designed to maintain current property values.

$20m dividend to double Gov’t’s BTC return in 12 months

THE Bahamas Telecommunications Company (BTC) has almost doubled the Government’s return on its 49 per cent minority stake in 12 months, its chief executive yesterday saying the company was forecast to pay the Christie administration a further $20 million in dividends this year.

BTC sees 400% data explosion

THE Bahamas Telecommunications Company’s (BTC) chief executive yesterday said the company expects to complete its 4G roll-out across the country by end-September 2012, and introduce Long Term Evolution (LTE) service within the next 18 months.

Project targets $450k condo/slip package over Florida ‘uptick’

An eastern New Providence real estate project is aiming to develop a ‘condo/marina slip’ package worth less than $450,000 to accommodate a “significant uptick” in inquiries from the Florida boating market, having invested a further $10-12 million in its development this year to-date.