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GDP boost from raising Bahamas' 60% net access
GDP boost from raising Bahamas' 60% Net access By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LESS than 60 per cent of Bahamian homes have Internet access, the Bahamas Telecommunications Company's (BTC) chief executive has said
$10m Port IPO hits the road
The roadshow for Arawak Cay Port Development's (APD) $10 million initial public offering (IPO), which kicked off last week, has received significant public interest, the company says. APD began the meetings at the Harry C Moore Library in Nassau, and the
Bahamas could get marketplace again in 2013
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas could play host to the Caribbean Hotel and Tourism Association's (CHTA) Caribbean Marketplace summit again next year, the organisation's president, Josef Forstmayr told
GOVT LIKELY TO SELL 40% PORT EQUITY STAKE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PRIME Minister Hubert Ingraham yesterday said he expects the Government to eventually sell its 40 per cent stake in Arawak Cay Port Development Company (APD), allowing the Nassau Co
'LOT OF ABUSE' IN WELFARE SYSTEM
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas' social security system has been subjected to "a lot of abuse", the minister responsible has admitted, acknowledging that welfare assistance was not always being given t
Business to take roadworks battle to Privy Council
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BUSINESS owners who took the Government to court over Baillou Hill Road and Market Street's transformations into one-way streets say they plan on taking their case to the Privy Coun
Airline '90% complete' on $4.5-$5M project
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WESTERN Air chief executive, Rex Rolle, said yesterday that construction on the airline's new terminal and maintenance facility in Freeport is "about 90 per cent" complete, telling
Worker productivity concerns businesses
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WORKER productivity is a growing concern for employers, the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) chairman telling Tribune Business yesterday this was vita
MINISTER ADMITS NEED FOR NATIONAL FISCAL 'REBALANCE'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A government minister yesterday acknowledged that the Bahamas needed a fiscal"rebalancing" given its $4.25 billion national debt, with the Ingraham administration trying to nurture
BAHAMAS 'PUNCHING WELL ABOVE WEIGHT' IN SHIPPING
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas "punches well above its weight" in the global maritime industry, the Bahamas Maritime Authority's (BMA) chairman saying yesterday that through its involvement with the I
NIB 1% RATE IS RISE PROPOSED
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A recommendation to increase the National Insurance Board (NIB) contribution rate by one percentage point to 10.8 per cent has been lodged
BAHAMAS EYES 15% Q1 GROUP TOURISM RISE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas is set to experience a "robust" 2012 first quarter in the tourism sector, Vincent Vanderpool-Wallace said yesterday, attributing this to an expected 15 per cent uptick
Minister admits need for national fiscal 'rebalance'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A government minister yesterday acknowledged that the Bahamas needed a fiscal"rebalancing" given its $4.25 billion national debt, with the Ingraham administration trying to nurture
BUSINESS FEARS OVER 1% NIB 'TAX' RATE RISE
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Plans to increase National Insurance Board (NIB) contribution rates by one percentage point to 10.8 per cent will likely pose a challenge for many Bahamian businesses still seeking
NIB 1% rate is rise proposed
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A recommendation to increase the National Insurance Board (NIB) contribution rate by one percentage point to 10.8 per cent has been lodged
Union 'not sitting idle' over Atlantis
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) is closely monitoring the Atlantis ownership situation, and is prepared to take legal action if necessary, its executiv
BAHAMAS EYES 15% Q1 GROUP TOURISM RISE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas is set to experience a "robust" 2012 first quarter in the tourism sector, Vincent Vanderpool-Wallace said yesterday, attributing this to an expected 15 per cent uptick
BAHAMAS' 'REVERSE MEDICAL TOURISM'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIANS pump millions of dollars each year into the South Florida's medical tourism sector, a leading doctor telling Tribune Business yesterday that this nation provides the large
AUTHOR TARGETS $500M MARICULTURE INDUSTRY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamian economy sector could receive a $500 billion annual injection should the country move towards establishing a mariculture industry, an accountant and author telling Trib
Two Bahamians finish KPMG 'FATCA adademy'
KPMG (Bahamas) has announced that two members of its staff have completed specialist training for the implementation of Foreign Account Tax Compliance Act (FATCA). Annie Chinafat, a principal in its audit practice, and Kendell Pierre, an associate directo
