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THE Grand Bahama Port Authority's (GBPA) newly-confirmed chairman yesterday pledged to address Freeport's "critically important" Business Licence and real property tax exemptions, due to expire in 2015, with the Governmsent once the election was over.
SUPER Value's owner yesterday warned the price of many grocery items is likely to increase by at least 2-3 per cent, having been told that freight rates will rise by 10 per cent due to the new/revised charges being imposed by the Arawak Cay Port.
THE Bahamian tourism industry is reaping "huge psychological value" from visitor numbers tracking 10 per cent ahead of 2011 and on target to pass the six million mark for 2012, with April the first month "solidly ahead" of pre-recession comparatives.
SUPER Value's owner has told Tribune Business that Abaco has proven "more resilient" to the global recession than any other Bahamas island, with his interests on the island seeing an 11 per cent increase in business year-over-year.
External reserves 'run-off' in 2012 no major concern By NEIL HARTNELL Tribune Business Editor While the Central Bank of the Bahamas is expecting "some run-off" in the nation's external reserves, its governor yesterday told Tribune Business any drop woul
SUPERWASH president Dionisio D'Aguilar yesterday said his laundromat chain could lose $400,000-$500,000 in revenue due to a fire that destroyed the roof of one of his locations, telling Tribune Business: "It's definitely a curve ball in our operations."
'Look after the pennies, and the dollars will come' By Simon Cooper Res Socius When businesses fail, the reason is usually cash flow or spending money they are not making. Some expenditure is unavoidable, such as replenishing stock and affording premise
NOTHING can teach us what should be in a business contract more than experience.
CITY Markets principal, Mark Finlayson, yesterday slammed a lawsuit alleging that "all or most of the funds" in the supermarket chain's staff pension plan had been disposed of, telling Tribune Business: "I have never done anything contrary to the laws of the Trust".
THE ROYAL Bank of Canada (RBC) has rejected allegations by US regulators that it devised a "massive wash trading scheme", branding them as "unwarranted".
AIRLINE operators and Lynden Pindling International Airport (LPIA) officials yesterday said any further industrial action affecting air traffic over the Easter weekend would be "catastrophic", as they brace for heavy passenger numbers.
By NEIL HARTNELL Tribune Business Editor Super Value owner Rupert Roberts yesterday blasted claims that his impending acquisition of City Markets' remaining store locations would give him an 80 per cent market share as "garbage" and "total rubbish", tell
By NEIL HARTNELL Tribune Business Editor A leading housing developer yesterday urged Bahamians and the banking industry not to "throw under the bus" the Progressive Liberal Party's (PLP) plan to tackle mortgage foreclosures, arguing that the so-called fu
THE growing demand for smart phones has boosted sales at the Bahamas Telecommunications Company's (BTC) Mall at Marathon location by 35-40 per cent year-over-year, its chief executive has told Tribune Business.
SUPER Value's acquisition of City Markets' four remaining New Providence locations is effectively done and only awaiting the Government's shop licence approvals to be consummated, Tribune Business was told yesterday, the former's owner saying he "couldn't risk" the stores falling into the hands of a competitor.
A Bahamas-based cloud computing start-up is looking to deliver IT solutions and significant cost savings to Bahamian institutions, its director telling Tribune Business yesterday that the financial and hospitality industries were in its target market.
A FEW months ago, a local retail client of mine asked me to help them with their Facebook strategy. During my strategy session I asked them: "What is the ultimate goal of your being on Facebook?" After a lot of back and forth, they said the idea was to drive traffic into the store while providing quality information to their customers. They felt the best way to accomplish this was through a Facebook Fanpage. However, they were disappointed with the results they were presently achieving.
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The BAHAMAS Telecommunications Company (BTC) is optimistic that by summer's end the entire nation will be covered by its 4G (fourth generation) network, its chief executive telling
FREEPORT - Ian Fair is the new chairman of the board at the Grand Bahama Port Authority (GBPA), it was confirmed yesterday, more than six months after Tribune Business revealed the move was in the offing.
US regulators have alleged that Royal Bank of Canada blamed staff at its Bahamian branch for playing the lead role in devising a "massive wash trading scheme" worth hundreds of millions of dollars, which it executed through this nation and the Cayman Islands.
By NEIL HARTNELL Tribune Business Editor A Bahamas-based oil explorer yesterday said it had appointed RoyalFidelity Capital Markets to advise it on a Bahamian Depository Receipt (BDR) offering and subsequent Bahamas International Securities Exchange (BIS
By NEIL HARTNELL Tribune Business Editor Bahamian auto dealers are nervously waiting to see whether seemingly-heightened buyer interest at last weekend's Car Show will translate into increased sales, one yesterday saying it had seen a 100 per cent year-o
By NEIL HARTNELL Tribune Business Editor Bahamas First Holdings' chief executive yesterday told Tribune Business he personally believed the general insurance holding company would list on the Bahamas International Securities Exchange (BISX) in 2012 "if i
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE $52 million Princess Margaret Hospital Critical Care Block is on schedule and about 20 per cent complete, Cavalier Construction's managing director said yesterday, telling Tribu
By NEIL HARTNELL Tribune Business Editor Bahamian banking industry executives yesterday identified several flaws with the Progressive Liberal Party's (PLP) mortgage foreclosure plans, telling Tribune Business there was a more than-$100 million gap betwee