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THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chief executive yesterday urged the Government to prioritise passing the Small and Medium-Sized Enterprises Development Bill left behind by the former Ingraham administration, saying this was "vital" to creating jobs and turning the economy around.
CLASSIC economic theory suggests that prices gravitate to an optimum point where demand approaches supply. This is because, in theory, demand goes up as price goes down, and vice versa, as depicted in the graph shown here.
THE Bahamas "can definitely make significant inroads" into reducing its annual$500 million food import bill, the Bahamas Agricultural Producers Association (BAPA) president said yesterday, although the Government's stated goal of reducing it by 30 per cent over the next five years was "optimistic".
AN 'island hop' incentive is being offered to private pilots in an effort to creater greater access to the Family Islands, a Bahamas Out Island Promotion Board executive telling Tribune Business yesterday that private aviation brought a considerable amount of business to the Bahamas.
THE owners/developers of some 500 acres at Grand Bahama's West End believe they are " very close" to reaching an agreement with the Old Bahama Bay Resort's 73 condo owners over the property's management, with talks also having been held over re-opening the area's airport.
The Bahamas has the potential to become an "Atlantic transshipment hub" between Latin America and Europe, a senior KPMG executive believes, adding that this nation's "60 per cent GDP" tourism dependency meant it was bound to suffer more than other nations during the recession.
A LEADING architect of the Progressive Liberal Party's (PLP) mortgage relief plan yesterday slammed Moody's criticism of the scheme as "extremely aggressive and inappropriate", and urged the Government to "engage" the credit rating agency to ensure no "harm" was done to the Bahamas fiscal/investment reputation.
CABLE Bahamas is approaching 10,000 subscribers for its ReVoice fixed-line voice service, its vice-president of sales and marketing said yesterday, telling Tribune Business it had achieved good market penetration.
Chamber chief: Beware campaign pledges impact By NEIL HARTNELL Tribune Business Editor Wall Street's fears of a negative fiscal impact from the new government's $250 million mortgage relief plan shows just how careful Bahamian politicians have to be abo
AFTER analysing the Bahamas' economic condition for the past three years, and reviewing reports by international agencies (Moody's, the World Bank, Standard & Poors), it is imperative that the public and private sectors focus on small and medium-size business (SME) development and economic diversification.
SMALL business loans represented 87 per cent of the US Export-Import Bank's $33 billion credit portfolio last year, a senior US embassy official said yesterday, urging Bahamian companies to take advantage of its programmes to access additional capital for their enterprises.
CABLE Bahamas Limited (CBL) yesterday launched its video-on-demand (VOD) platform, the company's vice-president of marketing and sales describing it as a significant "breakthrough" for the BISX-listed company in the television market.
CABLE Bahamas is "absolutely" still interested in breaking into the cellular market once the Bahamas Telecommunications Company's (BTC) monopoly ends in 2014-2015, given that it aims to be this nation's communications provider of choice.
THE Caribbean Hotel & Tourism Association (CHTA) is returning to the Bahamas after choosing Atlantis as the host venue of Caribbean Travel Marketplace 2013, it was announced yesterday.
ROBOTIC blasting is now being used at the Grand Bahama Shipyard to speed up work. Training began a few weeks ago, teaching Bahamians to drive the highly technical environmental robot used for hull stripping.
A LEADING Wall Street credit rating agency has blasted the newly-elected Progressive Liberal Party (PLP) government's proposed mortgage relief plan for "undermining" efforts to rein in the $4.356 billion national debt, warning that the scheme will likely cost Bahamian taxpayers $250 million to implement.
THE New Providence Road Improvement Project (NPRIP) is 90 per cent complete, Deputy Prime Minister and minister of works, Philip Davis, said yesterday,
THE newly-elected Progressive Liberal Party (PLP) government was yesterday warned not to renegotiate the Bahamas Telecommunications Company's (BTC) privatisation, London-based financial analysts telling Tribune Business such a move would be "pretty negative" and a potentially chilling signal to other foreign investors.
THE developer of Baha Mar's proposed renewable energy plant is seeking to part-finance the project through raising $13 million in capital from Bahamian investors via a preference share issue, Tribune Business can reveal.
A BAHAMIAN importer/distributor yesterday urged the new government to use its upcoming Budget to create a 'level playing field' for electrical scooters, telling Tribune Business the existing 80 per cent import tariff made the product "uncompetitive".
AFTER being evicted from the Lynden Pindling International Airport (LPIA) more than one year ago, Cat Island Air is "two to three weeks" away from being back in operation, its owner telling Tribune Business yesterday: "It's going to be bigger and better."
RUM Cay's development is being hindered by the absence of scheduled airline service, a resort operator telling Tribune Business that $2,000 charter flights and a $30,000 price tag per shipping call deterred both visitors and investors.
WELL, the general election of 2012 is finally behind us, and the Progressive Liberal Party (PLP) has won the mandate to govern for the next five years.
BENCHMARK (Bahamas) yesterday attempted to put 2011's $2.5 million net loss behind it, as it generated a more than $338,000 swing to produce a modest $53,183 2012 first quarter profit.
ANOTHER Bahamian auto dealer is backing the call for the three oil companies to start importing low sulphur diesel fuel, telling Tribune Business it was costing his company an extra $8,000 to fit imported trucks with engines attuned to fuel sold in the Bahamas.