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Sometimes, speculative inventors do not realise that if potential demand does not exist, they may not even be able to give the results away.
THE National Insurance Board (NIB) has been able to “close some control gaps” with help from a niche IT consulting company, whose managing director told Tribune Business yesterday that it was able to control revenue leakages and save firms money by supplementing their system checks.
The late Sir Milo Butler’s family has won a battle with the US Justice Department over who should have first claim to $8 million raised from the sale of assets forfeited by convicted Bahamas-based fraudster, Derek Guise Turner.
The Bahamas spends the second highest sum in the Latin America/Caribbean region, as a percentage of gross domestic product (GDP), on oil imports , something a senior private sector official yesterday described as “concerning”.
An Abaco-based poultry producer yesterday said its production had increased 20-30 per cent, its operations manager telling Tribune Business he was “very encouraged” by the response from many Bahamas-based wholesalers.
Cable Bahamas fears its SuperBasic TV package could be “cannibalised” by obligations requiring it to provide a basic television service to unserved areas throughout the Bahamas, warning it could suffer “revenue” loss from consumers switching to the latter.
By NEIL HARTNELL
THE Ministry of Financial Services has begun preparing a strategic plan for establishing the Bahamas as an internationally-recognised arbitration centre, Ryan Pinder told Parliament yesterday.
Alternatives to the current design of Baha Mar’s proposed $102.3 million Seawater District Cooling (SDC) plant are not viable, its proponent arguing that the project has a “net benefit” and will cause only minimal coral loss in “an already degraded area”.
PERSONS in New Providence seeking a real estate broker’s license no longer have to be employed in the business full-time, Bahamas Real Estate (BREA) president Franon Wilson telling Tribune Business yesterday that the Association had updated its policy to reflect a recent Supreme Court judgment.
A two-term former president of the Bahamas Real Estate Association (BREA) is calling for an amendment to the Real Estate Brokers and Salesman Act (1995), telling Tribune Business yesterday that the previous administration erred when it incorporated BREA into the Real Estate Board.
Efforts to re-open the former Robin Hood store off Tonique Williams-Darling Highway have hit a ‘major setback’, Mario’s Bowling and Entertainment Palace chief executive, Leslie Miller, telling Tribune Business yesterday that the store had suffered $30,000 in damages after thieves stole six air conditioning units last week.
The Bahamian financial services industry has made “an uneven response” to-date to the US Foreign Account Tax Compliance Act (FATCA), a former Attorney General yesterday saying this nation’s laws would not have to be amended to comply with it.
Top realtors yesterday told Tribune Business they has seen “a noticeable pick-up” in the high-end property market in the last two months, with transactions worth $20 million either closed or in the process of completing.
By NEIL HARTNELL
The Government was yesterday urged to further reform the Bahamas’ “all or nothing” insolvency laws, a leading commercial attorney yesterday describing them as “archaic” and needing to become more “humane”.
I want to take this opportunity to thank the many people that take the time to write or comment on marketing strategies I write about in these columns. Answering and researching these questions is one way I learn to become a better marketer.
BAHAMAS Electricity Corporation (BEC) chairman, Leslie Miller, yesterday said getting the Clifton Power station “up to scratch” could reduce electricity costs by as much as 25 per cent, adding that he was aiming for a 70/30 power generation split between that site and the Blue Hills power station.
The Bahamas is launching a major promotion at the upcoming AirVenture Show, in Oshkosh, Wisconsin, in a bid to increase private pilot business for this nation.
Super Value’s president yesterday warned Bahamians to brace for an overall 6 per cent increase in food prices, with corn costs set to send beef and milk “through the roof”.
BAHAMIAN MANUFACTURING companies yesterday said they should be charged a lower electricity rate than other consumers, one firm telling Tribune Business he was paying $60,000-$70,000 monthly in energy costs.
The Government’s $200 million bond issue has been fully subscribed, one leading banker telling Tribune Business it was “sort of unusual” that his institution received its full allocation.
Fidelity Bank (Bahamas) is on track to beat 2011’s net profit by more than 60 per cent, although its chief executive yesterday said the 9.5 per cent growth in its loan book during the 2012 first half did not come from “originating new credit”.
Cable & Wireless Communications’ (CWC) top executive yesterday asserted that “public opinion is on our side” when it came to the Bahamas Telecommunications Company’s (BTC) privatisation, a survey having found that 84 per cent of Bahamian consumers backed the move.
The Government plans to “aggressively explore” waste-to-energy plants both in New Providence and the Family Islands, the minister of the environment yesterday disclosing that several such proposals had been received after the administration took office.