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A former finance minister yesterday warned that fiscal deficits equivalent to 3-4 per cent of gross domestic product were "becoming the norm", after the Central Bank of the Bahamas revealed that it widened by $45.2 million or 27.6 per cent during the first eight months of the 2011-2012 Budget year.
PRIME Minister Hubert Ingraham said yesterday that the $37 million initial public offering (IPO) of a 9 per cent stake in the Bahamas Telecommunications Company (BTC) will be held "soon", adding that his administration was proud of its record in creating a "vibrant" shareholding society.
IF YOU haven't heard of these two-dimensional Quick Response (QR) Codes yet, then you should be concerned - although much of the western business world still has to awaken to their potential, too. That tardiness is sometimes present when a seller offers me a business for sale to broker for them. In fact, when I come across a company lagging far behind in technology, I may even decline the offer. And that is 'case closed' - in my mind, at least - for the imperative to keep up with change.
THE Gladstone Road freight terminal is expected to be operational within the next 30 days, Arawak Port Development Company's chief executive said yesterday, adding that freight tariffs would have been 50 per cent higher if shipping facilities had been moved to the Clifton Pier port.
Bahamas First's 33-37 per cent market share meant it needed to diversify risk concentration outside this nation to "make our business model work in the long-term",
Commonwealth Brewery is today unveiling a "strong first quarter" for 2012 with net income up 44.2 per cent year-over-year, its management team telling Tribune Bus
Commonwealth Brewery's newly-appointed managing director yesterday said he wants the BISX-listed company to become the Bahamas' alcohol "supplier of choice", noting that it
A Bahamian petroleum retailer yesterday said he has seen sales at his station decline by 35-40 per cent over the last
TEXACO retailers yesterday expressed optimism over the way forward with their new wholesale distributor, one telling Tribune Business: "In ter
GRAYCLIFF is close to completing multi-million dollar upgrades and refurbishment of its West Hill Street property, while its US airport lounges continue to expand and sal
MAJOR Bahamian retailers said yesterday that while minor logistical issues were expected with any new operation, they had not exp
Fourteen representatives from the Bahamas participated in the Brazil Investment Summit (BIS), an indication of the growing importance of the Brazilian market to the Bahamian financial services industry. BIS, Brazil's leadin
The US courts have approved another restructuring of the property that accounts for 63 per cent of insolvent insurer, CLICO (Bahamas), main asset to facilitate a deal that cou
Fidelity Bank (Bahamas) chief executive yesterday said "there is no doubt we have turned the corner" after its 2011 total comprehensive income increased by 144 p
A Texaco petroleum retailer yesterday vowed to lead the charge in lobbying for the sector's protection from big oil companies, telling Tribune Bu
Cable Bahamas' 2011 net income would have fallen below 2010 comparatives had it not been for the $2.022 million profit produced by its newly-acquired Systems Resource Group (SRG
The Utilities Regulation and Competition Authority's (URCA) chairman has described Internet penetration in the Bahamas as "a major challenge", noting that broadban
My client tossed the newspaper towards me and said: "I want my ad to look like this one. I noticed it right away; do you see all the colours in it?" I knew I was in for a long meeting. "What does the ad say?
Bahamian realtor, Coldwell Banker Lightbourn Realty, has expanded its Abaco presence by adding a husband and wife team to its staff. Chris and Tara Claridge, the owners of Out Island Internet (OII), will now b
THE Bahamas Telecommunications Company (BTC) has seen a major increase in its cellular roaming revenues, its vice-president of branding an
BAHAMIAN new car dealers yesterday revealed that the Car Show "bounce" appeared to have returned in 2012, with April's sales up between 83-100 per cent month-over-month compared to March.
J S Johnson yesterday said it had managed to maintain 2011 dividend levels in line with the previous year, despite suffering a 25.1 per cent net income drop as a result of net claims incurred by its Insurance Company of the Bahamas (ICB) underwriting affiliate more than doubling.
Benchmark (Bahamas) chief executive yesterday said the 'comfort letter' it provided last year to its Alliance Insurance Management subsidiary to affirm it was a going concern was not "a cause for worry", as the BISX-listed investment manager unveiled a $2.5 million net loss for 2011.
FAMGUARD Corporation yesterday told Tribune Business it would probably have generated "in excess of $6 million" in net income for 2011 had it not been for the Prime rate cut, disclosing that it suffered "close to a $1.3 million hit" through the impact on its reserves and investment income.
LOCAL Texaco retailers are expected to meet with their new distributor today after RUBIS/Vitogaz completed its "nine-figure buyout" of Chevron's fuels marketing and aviation business in this nation, one independent dealer telling Tribune Business that the latter "was the worst dealer I had to deal with".