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BAHAMIAN student, Marie Irene Ajero, presents an artistic hand painted aviation chock to the president of the Florida Air Museum, John Burton, at the recent Sun N' Fun Aviation Show in Lakeland, Florida.
THE Bahamas Financial Services Board (BFSB) and the Insurance Commission of the Bahamas (ICB) are in Philadelphia this week attending a major global insurance conferencem, RIMS 2012.
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THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it would "really be a stretch" for the Bahamian economy to achieve the newly-released International Monetary Fund's (IMF) projected 2.5 per cent GDP growth rate for 2012, unless it and the Government knew something 'outsiders' did not.
THE National Insurance Board (NIB) pays out about $12 million monthly in long-term pensions, its director, Algernon Cargill, saying yesterday that their 4.6 per cent increase to come in July was "good news" for recipients.
A FURIOUS battle between several homeowners and the developer at an Exuma-based real estate/tourism development has broken out, Tribune Business can reveal, with the Water & Sewerage Corporation caught in the middle over claims its failure to provide an alternative water supply is "damaging the image of the Bahamas" in investor eyes.
THE proposed trade market for Freeport is projected to have an annual $400 million economic impact and create between 6,000-8,000 total jobs, one of its directors telling Tribune Business yesterday that it would be a "game changer for the entire Bahamas".
AN Eleuthera-based resort project's chairman yesterday said between $50-$60 million had been invested in its build-out over the past seven-eight years, telling Tribune Business the absence of any bank debt had given it "a humungous advantage".
THE World Travel and Tourism Council's (WTTC) growth projections for the Bahamian tourism industry over the next decade are towards "the bottom" of the likely expansion range, the minister of tourism and aviation said yesterday, adding that this nation had "some ways to go" to reach iots potential.
COTTON Bay's chairman yesterday said the Supreme Court verdict that rejected its $11 million performance bond claim against CIBC FirstCaribbean International Bank (Bahamas) would "not be devastating" for the project, adding that he had emerged with his personal reputation intact.
ATTORNEY Obie Ferguson yesterday said the decision by Labour minister Dion Foulkes to simply refer the dispute involving the Bahamas Customs, Immigration and Allied Workers Union (BCIAWU) to the Industrial Tribunal was "not adequate", telling Tribune Business the matter also needed to be expedited given its sensitivity.
A FRANKLYN Wilson-chaired Eleuthera resort development has seen its efforts to enforce $11 million worth of performance bonds rejected by the Supreme Court, which ruled that there was a "pre-ponderance of evidence" to show they were not valid and binding against FirstCaribbean International Bank (Bahamas).
CLICO (Bahamas) liquidator has agreed a $13.267 million deal to sell one-third of the remaining land at the insolvent insurer's main asset, having enticed back a former prospective purchaser who pulled out of a much larger deal.
THE Bahamas Telecommunications Company (BTC) has warned that preliminary efficiency targets set for it by the industry regulator could force it to reduce wholesale prices "by up to 60 per cent", something that would "substantially damage" its ability to finance existing operations and investment in new services.
CITY Markets principal has told Tribune Business that a deal to sell the supermarket chain's remaining four stores to Super Value had been finalised, adding that attorneys still sorting out the paperwork had suggested it might close on Wednesday.
MOST employers will admit that finding employees with a positive attitude is a most difficult thing to do.
THE BAHAMIAN tourism industry's 2012 GDP contribution growth was yesterday forecast to exceed the next decade's average by hitting 3.1 per cent, with stopover arrivals projected to increase by around 500,000 over the next 10 years ti hit 1.883 million.
Super Value’s president last night confirmed that capital expenditure “running into the millions” would be required to re-equip three of City Markets’ New Providence stores, telling Tribune Business that but for a “misunderstanding” related to government approvals the Cable Beach outlet could have been open this weekend.
Super Value: $4 dividend beats others' 'cents return' By NEIL HARTNELL Tribune Business Editor Super Value's president yesterday asserted that the 11-store supermarket chain was a public company, telling Tribune Business that the $4 per share dividend i
WITH larger carriers in the Florida market "pulling back", Silver Airlines chief executive, Darrell Richardson, yesterday said the carrier was looking to "pick up the slack", telling Tribune Business it was recording just over 70 per cent load factors on its Family Islands service.
CONSTRUCTION work on Baha Mar's $2.6 billion Cable Beach redevelopment is "one-third complete", a senior executive said yesterday, after hitting a "significant milestone" with the installation of the last of 2,550 foundation pilings.
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THE Bahamas Telecommunications Company (BTC) is set to complete its wireless system overhaul on Abaco and the northern Bahamas by mid-May, giving customers improved cellular service, including faster speeds for downloads and browsing on smart phones.
BAHAMAS Realty's chief executive has attended an Orlando summit featuring some of the world's top real estate firms and professionals.
CONSTRUCTION on Marsh Harbour's airport terminal building is set to be finished in five months, the project's contractor yesterday saying work was currently between 60-70 per cent complete.