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Retailers await ‘busy weekend’
BAHAMIAN retailers yesterday said sales have began to pick-up in the week prior to Christmas, amid anticipation of a “very busy weekend”. “The response to our retail Christmas offer has been outstanding. We are so thankful to our subscribers for their continued support of us, and we are looking forward to closing out the season with a bang,” Aliv’s chief business developer, Gravette Brown, told Tribune Business.
Chamber chief urges holiday crime ‘vigilance’
THE Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday urged businesses and consumers to be “vigilant” and “take every precaution” to avoid becoming victims of crime this Christmas season. Edison Sumner expressed concern over the “startling” increase in cyber crime and credit card fraud.
PM: ‘No time to rest on laurels’ over EU
THE Prime Minister yesterday said the Bahamas has “no time to rest on our laurels”, given the European Union’s (EU) concerns over the absence of corporate income taxation. Dr Hubert Minnis told the House of Assembly that the EU’s Code of Conduct group had written to the Government expressing concerns that this nation’s tax system did not comply with its ‘blacklisting’ criteria.
Nassau/PI resorts in New Year sell-out
MAJOR Nassau/Paradise Island resorts are predicting traditionally strong occupancies over the Christmas and New Year’s holiday period.
All ‘milestones’ come Aliv for mobile player
The Bahamas’ second mobile operator said yesterday it had met all “milestones and obligations” for cellular coverage and infrastructure roll-out as required by its license, its sales and marketing head arguing it has “the best network in the Caribbean”.
NHI manager blasts sector’s ‘false division’
The National Health Insurance (NHI) project manager yesterday asserted that the primary care phase’s roll-out by early 2017 remains “reasonable”, while dismissing the “false division” between public and private health care providers in the Bahamas.
Pinder: Sue for $13m over ‘Bahamas papers’
A former financial services minister yesterday suggested that this nation sue to recover the $13 million in Companies Registry search fees owed by the international journalists’ group responsible for the ‘Bahamas papers leak’.
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.
Union to ‘do what it has to do’ over Hilton meltdown
The hotel union’s president yesterday said that if working conditions at the British Colonial Hilton do not improve soon it will “do what it has to do”, amid an air conditioning breakdown that has persisted for more than a week.
FNM deputy: Oil’s value in refining
The FNM’s deputy leader yesterday argued that the petroleum industry’s true value lay in refining, and said the Government need not determine whether commercial quantities of oil exist in the Bahamas before putting the issue to a referendum.
PI condo complex beats sale forecast
The owner of the former Ocean Place condominium complex on Paradise Island yesterday said it plans to bring 32 units to market by March 2016, telling Tribune Business initial sales had been “better than anticipated”.
ICTs have ‘key role’ in sustainable development
Information and Communication Technologies (ICTs) have a “critical role” to play in ensuring sustainable development, the Utilities Regulation and Competition Authority’s (URCA) policy director believes.
ICTs cited as ‘enabler’ for sustainable cities
Information and Communications Technologies (ICT) can be used as ‘enablers’ to tackle environmental challenges and build sustainable cities, an adviser to the International Telecommunications Union (ITU) said yesterday.
$8.3m contract to aid Road Traffic revenue
THE Government yesterday signed an $8.3 million contract to modernise the Road Traffic Department, as it bids to improve customer service and maximise revenue.
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.
CITY MARKETS CHIEF HOPING DEAL 'IMMINENT'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net and NEIL HARTNELL Tribune Business Editor CITY Markets' principal believes the acquisition of the struggling five-store supermarket chain by Super Value's owner and president, Rupe
OIL EXPLORER NAMES MCDONALD DIRECTOR
Former Royal Bank of Canada (RBC) Bahamas and Caribbean head, Ross MacDonald, has been appointed to the board of the Bahamas Petroleum Company (BPC). Mr MacDonald, 59, will join the board with immediate effect. Dursley Stott, a current non-executive direc
Quotes from the day
Quotes from the day Paul Moss, Independent Garden Hills It's going pretty well, I think though that since we've been doing elections we should have had a better coordination with respect to buildings that we use this building while it can accomodate the
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
DNA LEADER BLASTS RIVALS ON ATLANTIS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net DEMOCRATIC National Alliance (DNA) leader, Branville MCartney, last night heaped blame on both PLP leader Perry Christie and Prime Minister Hubert Ingraham over the continuing $2.5
