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WHILE acknowledging that the $93 million cost overruns on the New Providence Road Improvement Project would likely push this year's fiscal deficit over $400 million, a senior minister in the former FNM administration yesterday said the Christie government was seeking to backtrack on its "wild promises to deliver the moon".
FORT Lauderdale-based Silver Airways announced yesterday that it had accepted delivery of two more Saab 340Bplus aircraft, its chief executive explaining that by year-end it will be able to increase flights on its Florida-Bahamas routes by 30 per cent.
MINISTER of State for Investments, Khaalis Rolle, said yesterday that he is spearheading the move to implement the Small Business Act, telling Tribune Business the legislation would provide a modern framework to address many of the challenges faced by Bahamian small and medium-sized businesses.
AFTER an incredible five days in Rome, Italy, my wife and I arrived at New York's JFK airport at 4pm. My connecting flight had a 7.50pm boarding time, so technically I had plenty of time. Or so I thought. Several flights arrived at the same time, so the line for US Immigration seemed to stretch into infinity. We knew we would be there a long time.
MORE than 75 per cent of companies in the Bahamas are small to medium-sized enterprises (SMEs), the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman said yesterday, in urging the Government to pass the draft SME legislation "in the shortest possible timeframe".
The Minister of Agriculture yesterday plerdged that the Government was prepared to look at increasing duty rates on imported chicken, in an effort to provide more of a level playing field for Bahamian producers.
Some $10 million raised from selling the property that accounts for 63 per cent of CLICO (Bahamas) assets has been returned to this nation for the ultimate benefit of the i
PLANS by the owners of the Wendy's fast food franchise to construct another shopping centre in the Cable Beach area have again been me
A Bahamas-based oil exploration company yesterday said it had "much better prospects" of striking oil in this nation's waters than Spanish oil giant Repsol did off Cuba, adding that its $50 million investment to-d
Doctors Hospital is planning to invest $3.2 million in capital projects during its current financial year, as it kicks-off "phased" expansion plans with two new
Bahamian commercial banks are "still trying to put our hands totally around" the US Foreign Account Tax Compliance Act (FATCA), Tribune Business was told
The BIMINI Big Game resort has approved the construction of an $18,000 floating dock which, according to general manager Michael Weber, will al
THE Bahamas Telecommunications Company (BTC) launched its 4G network in Abaco over the weekend, marking the fifth island to have its network upgraded. The official launch ceremony took place during a 4G Fun Day at BTC's Marsh Har
The Canadian receivers for an alleged "fraudulent" life insurance scheme will today appear before the Court of Appeal in a bid to overturn a verdict that forced them to
AN Abaco poultry producer fears it may go out of business in two-three months, its operations manager telling Tribune Business its business had dropped 60 per cent since the Government eliminated the permit regime for chicken imports.
SUPERWASH'S president is eyeing a $1.5-$1.7 million investment to expand his existing laundromat chain through adding another outlet at the former Pricebusters warehouse property on Soldier Road, telling Tribune Business: "The time has come to start making a move."
A MAJOR pig farm project on Grand Bahama is still moving forward with more than $1 million already invested to-date, an executive telling Tribune Business that bureaucratic hold-ups had frustrated plans to create up to 200 direct jobs.
A LEADING QC has urged the newly-elected Christie administration to "behave more civilly, and less brutally and aggressively", towards Freeport than its FNM predecessor, adding that the latest Supreme Court ruling upholding Grand Bahama Port Authority (GBPA) licensees' rights emphasised the need to treat the city with "respect".
THE Securities Commission of the Bahamas has fined a failed broker/dealer a collective $48,000 for "consistently" failing to meet its monthly and annual filing obligations, its ruling coming almost five months after the company was placed into Supreme Court-supervised liquidation.
IN 2008, at the peak of the credit crunch, Hank Paulson, secretary to the Treasury and a former chief executive of Goldman Sachs, coerced the US Congress to bail out the big banks, including his previous employer. Paulson claimed that the entire financial system was on the verge of collapse, because access to bank credit (and 'shadow bank' credit), had come to a virtual standstill.
TODAY, the Chamber Voice joins the national discussion in addressing the topic: 'Conflict of Interest'. As a nation we have been slow in speaking to the issue, and educating our employees and the country at large on what constitutes a conflict, how we should address potential conflicts, and the steps we must take to avoid recurring conflicts.
THE Road Traffic Department "acted illegally" in refusing to inspect and register a Grand Bahama Port Authority (GBPA) licencee's 'taxi cab' on the grounds that it had not obtained a government license, the Supreme Court once again upholding the Hawksbill Creek Agreement against arbitrary executive actions.
THE Bahamian investor group that acquired the former Bacardi factory has approached the Government about constructing a $90 million waste-to-energy plant at the southern New Providence site, its principal yesterday telling Tribune Business it aimed to slash electricity costs by "50 per cent or more".
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday backed permitting oil exploration in this nation's waters once regulatory safeguards were in place, telling Tribune Business potential earnings could "eliminate the National Debt in five years".
ATLANTIS is set to enjoy a "several thousand room night" boost this Memorial Day weekend, Kerzner International's Bahamas head yesterday telling Tribune Business that with 85 per cent of tickets already sold, the concert was on track for a sell-out.