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A 10 per cent increase in room demand over the past 12 months saw the Bahamas placed "near the top of the heap" in the Caribbean by a world-leading travel research firm, local hotel executives saying the findings "augur well for a good long-term future" for this nation.
SOME $3-$4 million is expected to be invested in the initial phase of Guy Harvey Outpost's renovation of Rum Cay's Sumner Point Marina and Villas, with $10 million set to be pumped into the final two phases of the project.
ESTABLISHING a micro listing facility for small and medium-sized Bahamian companies seeking up to $1 million in capital is among the "major things" the Bahamas International Securities Exchange's (BISX) chief executive is hoping to accomplish by June 2012, expressing hope the exchange could "partner" with the newly-elected PLP government on this and other initiatives.
BAHAMASAIR'S US-based middle management staff cannot be included in the Public Managers Union's (PMU) bargaining unit because the Industrial Relations Act does not have "extra-territorial effect", the Chief Justice has ruled.
IN A few short weeks, the Bahamas will engage its youth in various forms of testing to determine what they have gleaned during the course of the academic year.
MOTOR dealers and insurers are in talks to set up a Bahamian vehicle title system, Tribune Business can reveal, in a bid to "get a grip" on the auto ownership chaos that is causing financial headaches for the Government and industry players alike.
THE Government spent $6.3 million of taxpayer monies last month to pay down the $8.2 million bill the Water & Sewerage Corporation had run-up with BISX-listed Consolidated Water, it was revealed last night, with the latter's Blue Hills plant driving a 41 per cent increase in its 2012 bulk water revenues
A LEADING realtor yesterday encouraged the Government to further stimulate the Bahamian real estate market through initiatives such as a "three-year moratorium" on commercial real property tax, and "incentivising" the development of vacant Family Island land.
NEWLY-appointed tourism minister Obie Wilchcombe said yesterday the Government plans to meet with Bay Streets merchants to discuss how to increase visitor spend by making downtown Nassau more exciting, with one merchant telling Tribune Business cruise passengers were spending very little money.
THE Bimini Big Game Club has been booked out for the Memorial Day weekend two months' in advance, its general manager telling Tribune Business that this represented a marked departure from the normal two-week booking pattern.
THESE days the world's obsessed with feedback, and often for good reasons. I am not sure whether it was the marketing industry that navigated us from the days of "Joe's a great guy" and "Mary does a fantastic job", but that's history. Governments publish department league tables as if they owned a baseball league. Virtual suppliers and customers on the Internet closed the loop with formal feedback systems.
NEWLY-appointed minister of financial services and investments, Ryan Pinder, said yesterday that the industry needed to be solidified and products improved, with the second phase OECD Peer Review an immediate concern.
TOURISM minister Obie Wilchcombe said yesterday that he intends to pursue the religious and sports tourism market, telling Tribune Business yesterday that heavy focus would be placed on Grand Bahama's ailing tourism sector almost immediately.
By NEIL HARTNELL Tribune Business Editor Foreign direct investment (FDI) inflows into the Bahamas increased by "about one-third" in 2011 to hit $1.533 billion, a performance that the Central Bank of the Bahamas' governor yesterday said "significantly exc
RENEWABLE energies could penetrate between 10-15 per cent of Bahamian homes and businesses within the next decade, a local provider telling Tribune Business yesterday that consumers were receiving "payback" on his company's solar water heaters in "less than a year".
WHILE electric and hybrid cars are still a "niche" market in the Bahamas, according to one leading auto dealer, the One Eleuthera Foundation yesterday said it was "pushing the envelope very hard" towards a transition from fossil fuel dependency.
THE Grand Bahama Port Authority's (GBPA) newly-appointed chairman yesterday urged this nation's maritime industries to unite under the 'Maritime Bahamas' brand, an unveiled plans to hold a "high level" Bahamas International Business Forum in Freeport in February 2013.
THE Bahamas yesterday achieved a "fairly substantial" milestone by becoming the first Caribbean country outside Jamaica to establish an in-country, internationally recognised certification course for renewable energy installation, via a partnership that also involves BTVI.
THE Bimini Big Game Club yesterday ended its two-year brand licensing agreement with Guy Harvey Outpost, one of the latter's executives saying that after repeated delays in the foreclosure process it had turned its interests to other locations.
AN "historic" Memorandum of Understanding (MOU) to be signed this Friday will facilitate the licensing and international recognition/accreditation process for Bahamian engineers, the Professional Engineers Board's (PEB) chairman, Michael Moss, said yesterday.
THE Nassau Airport Development Company (NAD) yesterday announced the appointment of Chris Ryan as its new vice-president of finance and chief financial officer (CFO).
BAHAMIAN environmental attorney and TV show host, Romauld Ferreira, was recently selected by CARICOM as an environmental legal expert to help develop an energy sector in eight Caribbean countries.
The Bahamas Telecommunications Company (BTC) announced yesterday that it had officially activitated 4G services in Bimini and the Berry Islands, allowing customers to tap into better services and faster speeds on their mobile phones and wireless devices.
OKAY ladies, let's speak the truth and confess without blinking... Have you ever asked your photographer to have the graphic artist whiten your teeth, just a little bit more, while they are also softening your facial lines?
THE owners of a well-known eco-resort have launched Judicial Review proceedings against a 16-room hotel and office project approved by the Ingraham administration for adjacent land on Exuma's Stocking Island, alleging that the National Economic Council (NEC) and Investments Board acted "ultra vires".