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GOVT EMPLOYEES TAKE $6.5M IN APD SHARE SUBSCRIPTIONS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GOVERNMENT employees accounted for $6.5 million in share subscriptions in APD Limited's initial public offering, Tribune Business was told yesterday, with the IPO reaching just over
GOVT EMPLOYEES TAKE $6.5M IN APD SHARE SUBSCRIPTIONS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GOVERNMENT employees accounted for $6.5 million in share subscriptions in APD Limited's initial public offering, Tribune Business was told yesterday, with the IPO reaching just over
Port IPO over $10m target
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Arawak Port Development (APD) initial public offering (IPO) has raised 'north' of the $10 million subscription target, Tribune Business was told yesterday, with interest reachin
Climate change exacerbates Bahamas’ major challenges
CLIMATE change is exacerbating the Bahamas’ challenges with food security, water scarcity and energy security, the Prime Minister said yesterday, over an issue that threatens this nation’s land mass.
$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
$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
HOTELS TO 'BEAT' TARGET THROUGH 10% GROWTH
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamian tourism industry is set to "exceed" 2012 first quarter/Easter performance forecasts, with some hotels seeing 10 per cent year-
HOTELS TO 'BEAT' TARGET THROUGH 10% GROWTH
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamian tourism industry is set to "exceed" 2012 first quarter/Easter performance forecasts, with some hotels seeing 10 per cent year-
SANDALS SAYS $84-$85M SPENT ON EMERALD BAY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS has invested between $84-85 million in its Emerald Bay property on Exuma to date, its chairman telling Tribune Business the resort's occupancy levels were in the 70 per cent
SANDALS SAYS $84-$85M SPENT ON EMERALD BAY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS has invested between $84-85 million in its Emerald Bay property on Exuma to date, its chairman telling Tribune Business the resort's occupancy levels were in the 70 per cent
Excise Tax snafu stymies start-up's 60 hires plan
A Bahamian-owned tobacco manufacturing start-up said yesterday it would pursue legal action as a “last resort” if it is unable to obtain an Excise Tax exemption on domestic sales, adding that its business model had been thrown “totally out of whack”.
Web shop gains 'stay' on closure
The only web shop operator to be denied a licence has obtained a stay of the Supreme Court decision that effectively paved the way for its closure two weeks ago.
Sandals to expand $23m hotel by 50%
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS Resorts International yesterday disclosed it is expanding its high-end, luxury boutique resort on Fowl Cay in the Exumas by 50 per cent through adding three villas, having i
Sandals to expand $23m hotel by 50%
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS Resorts International yesterday disclosed it is expanding its high-end, luxury boutique resort on Fowl Cay in the Exumas by 50 per cent through adding three villas, having i
Young liberals accuse govt over road project
Young liberals accuse govt over road project THE Progressive Young Liberals accused the government yesterday of mismanaging the New Providence Infrastructure Improvement Project, and said the additional money allotted to the scheme could have been used
Road tax breaks 'too little, too late'
Road tax breaks 'too little, too late' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Many businesses adversely impacted by the New Providence Infrastructure Improvement Project (NPIIP) yesterday said the Government's pledge to
Correspondent de-risk threatening 25% of Bahamas institutions
The Central Bank’s chief inspector warned yesterday that 25 per cent of its licensees will find it “difficult” to maintain existing correspondent banking relationships, even though the Bahamas has not been exposed to “wholesale vulnerability” yet.
Long Island is ‘like nation’s step child’
Long Island feels “like the step child of the Bahamas”, its Chamber of Commerce president yesterday warning an absence of growth and infrastructure is forcing businesses to close down.
Fishermen: Gov't late on storm relief
Bahamian fishermen are hoping the Government will give further thought to their cry for fuel concessions, one representative telling this newspaper: “That would go a long way to helping the industry”.
Shipping industry 'gone through hell'
Shipping industry 'gone through hell' By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE past three years have been "hell" for the shipping industry, to Arawak Port Development (APD) chief executive Mike Maura Jr said yesterday
