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THE proposed $25 million hotel and office/conference centre at the Lynden Pindling International Airport (LPIA) is still just a 'concept' at this point, according to the Nassau Airport Development Company's (NAD) president and chief executive Stewart Steeves.
TODAY we begin a series that focuses attention on our emotional, mental, social and physical well-being as employees and employers. Much has been said about helping persons in the workforce achieve work-life balance. Perhaps it was the baby boomer generation that coined the phrase and worked diligently in accomplishing some form of health equilibrium between their work existence and their home and family. They were determined to not find themselves married to their vocations, and enslaved by work, sacrificing almost everything to advance and remain loyal to their employers.
SO-CALLED 'stimulus spending' "never works" in an economy like the Bahamas because it only succeeds in "running down" the all-important foreign exchange reserves, a former finance minister has told Tribune Business.
NASSAU Airport Development Company (NAD) executives and major tourism stakeholders are actively targeting key carriers as part of a strategy to create additional airlift, in a bid to support the expanded hotel room inventory set to come on stream within the next two years via the $2.6 billion Baha Mar project.
THE Christie administration is aiming to complete the Bahamas' accession to full World Trade Organisation (WTO) membership before the 2017 end of its term in office, Financial Services Minister Ryan Pinder told Tribune Business. He is preparing to lead a delegation to Geneva, Switzerland, this week for a second round of negotiations.
Bahamas First cools over BISX listing By NEIL HARTNELL Tribune Business First Bahamas First Holdings, the general insurance holding entity, has yet to take "a hard and fast decision" on whether to list its ordinary shares on the Bahamas International Se
THE Government has exceeded its Excise Tax revenue projections by almost 62 per cent for the 2011-2012 fiscal year, it was disclosed yesterday, collecting some $340 million during the final year of the Ingraham administration.
THE Buena Vista Estate and micro rum distillery remains on track for a Christmas 2012 opening with its warehouse now 70 per constructed, the project's principals telling Tribune Business yesterday that they were still holding to "conservative" forecast of 150,000 visitors during its first full year.
EXPATRIATE workers at both ends of the spectrum are increasingly expanding into "jobs that can be done by Bahamians", a senior Bahamas Chamber of Commerce and Employers Confederation (BCCEC) executive told Tribune Business yesterday, a trend that has become evident during the recession.
A BAHAMIAN e-commerce company is set to launch its online store next month, a company executive telling Tribune Business yesterday that it had attracted nearly 18,000 customers to its electronic and mobile commerce market so far.
STARTING out is tough in many different ways. I still remember my first days at high school, and my first week at work. I was nervous the day I decided to propose to my wife. Is natural conservatism the reason for this reticence, I wonder, or could there be more to it. Is nature trying to tell us something?
MINISTER of State for Finance, Michael Halkitis, said yesterday that the Government is projecting an increase of about 5 per cent in recurrent revenue for the 2012-2013 fiscal year based on expected economic growth and improved revenue collection.
FOR years, you could count on two hands the number of big names in real estate in the Bahamas. Chances are, if you followed the industry, you could recite them in alphabetical order.
A BAHAMIAN broker/dealer yesterday said it was assessing whether to re-domicile millions of dollars in assets, belonging to both itself and its clients, away from Canada due to concerns over a regulatory "domino effect" resulting from a recent ruling against it.
Minister brands $750k Out Island marketing spend as 'token change' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net TOURISM Minister Obie Wilchombe yesterday hit out at the $750,000 "token change" that his Ministry contributed to
A $55 million, three-phase western New Providence real estate development yesterday said "at least 60 per cent" of its total investment had been injected into the Bahamian economy, with its final stage one of the few to buck the recession.
DESPITE a 16-19 per cent growth in Grand Bahama’s air arrivals, the minister of tourism said yesterday that the numbers could be much better and acknowledged the “lots of concern” about the performance of its largest resort, the Grand Lucayan.
WHILE "unequivocally" backing the Government's 'Bahamian First' policy, the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it had to avoid a work permit regime that "discourages industry or investment in the Bahamas".
ARE designers really frightened? Are they paralysed by the thought of wrapping their fingers around a mouse and starting that next big project?
INSOLVENCY law reforms will bring "very significant" benefits to the Bahamas' financial services industry, but a leading accountant called on the sector to "more aggressively" promote these and other positive changes to global markets.
THE UK-based project management and engineering firm, Mott MacDonald, has been paid more that $16 million for supervisory services related to road building contracts in New Providence over the past 13 years, the Deputy Prime Minister said yesterday, adding that he was considering a different approach in the future.
WORK on the $52.3 million Princess Margaret Hospital (PMH) Critical Care Block is "steaming ahead", Cavalier Construction's managing director telling Tribune Business yesterday that the project was about 30 per cent complete.
BAHAMASAIR is aiming to reduce its net loss by $1.7 million or 8 per cent during the upcoming fiscal year, the Deputy Prime Minister conceding that much remains to be done to make the national flag carrier fully efficient and less dependent on taxpayer.
SUPER Value's president yesterday said the refitting of City Markets' former Cable Beach store was "green lighted and a go", with the location's re-opening - targeted for this month - set to create around 60 jobs.
EFFORTS are being made to revive a former $1 billion resort project cited by ex-Prime Minister Hubert Ingraham as a key factor in firing his then-minister of housing, Ken Russell, Tribune Business can reveal.