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‘Wonderful opportunity’ for Long Island revival
The resolution to a 10-year dispute over Long Island’s one-time largest employer presents “a wonderful opportunity” to revive the island’s economy, its MP yesterday describing the surrounding area as “ghost town”.
Illegal netting threatens $1.5m bonefish investment
A Long Island bonefishing lodge owner says his $1.5 million investment and six jobs are being jeopardised by illegal netting, which threatens to “wipe out” the industry within the next five years.
Hotel industry 'holds its own'
The Bahamas' hotel industry generated a 6.2 per cent increase in room occupancy for the year to end-October 2011, something the Bahamas Hotel Association's (BHA) president said showed the sector was "holding its own". Stuart Bowe, senior vice-president at
25,000-acre dispute solution 'critical to 'thousands of jobs'
By NEIL HARTNELL Tribune Business Editor Resolving a long-running dispute that has tied up 25,000 acres of prime real estate is "critical" to potentially creating "thousands of jobs" and reversing Long Island's depopulation, a Court of Appeal ruling havi
Mayaguana deal 'tremendous coup' for government
Mayaguana deal 'tremendous coup' for government By NEIL HARTNELL Tribune Business Editor The Hotel Corporation's chairman has described the revised Heads of Agreement for the I-Group's Mayaguana development as "a tremendous political coup" for the Ingra
MSC cruise port: No lease agreement yet
No agreement has yet been reached to transfer the lease of Ocean Cay to Mediterranean Shipping Company (MSC) for its private cruise port, with the current holder saying of the project: "It won't be done overnight."
Kosoy, Sterling eye Hurricane Hole deal
David Kosoy’s Sterling Global Financial is in negotiations to acquire Paradise Island’s Hurricane Hole property from Atlantis’s owner, Tribune Business can reveal.
BTC TARGETS 30-40 STORES BY END-2012
By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC) is aiming to expand its retail network to between 30-40 stores at 2012 year-end, an executive yesterday telling Tribune Business it hoped to have a national 4G network
Kerzner's $65m capital upgrades in debt talk delay
Kerzner's $65m capital upgrades in debt talk delay By NEIL HARTNELL Tribune Business Editor Kerzner International (Bahamas) chief yesterday acknowledged that finalising this year's $65 million capital investment plan for its Paradise Island resorts is b
PUT NATIONAL INTEREST 'IN FACE' OF ATLANTIS PARTIES
By NEIL HARTNELL Tribune Business Editor The Government has been urged to publish a "broad Bahamian policy" on Atlantis, a former finance minister urging it to put this nation's interests "in the face" of the parties starting to fight over the resort's o
ADDRESSING GRAND LUCAYAN 'DILEMMA'
Dear Mr Hartnell I refer to your recent article in The Tribune, concerning our resort, newly named "Grand Lucayan" - a Radisson resort. I would like to clarify some of the content, which might otherwise cause some confusion in Grand Bahama island. As yo
ADDRESSING GRAND LUCAYAN 'DILEMMA'
Dear Mr Hartnell I refer to your recent article in The Tribune, concerning our resort, newly named "Grand Lucayan" - a Radisson resort. I would like to clarify some of the content, which might otherwise cause some confusion in Grand Bahama island. As yo
'ENTHUSIASTIC' FAMILY ISLAND IPO RESPONSE
The Arawak Port Development Company (APD) said the response from potential Family Island investors to its $10 million initial public offering (IPO) had been enthusiastic, after its principals undertake a nationwide roadshow to tout the offering's prospect
'ENTHUSIASTIC' FAMILY ISLAND IPO RESPONSE
The Arawak Port Development Company (APD) said the response from potential Family Island investors to its $10 million initial public offering (IPO) had been enthusiastic, after its principals undertake a nationwide roadshow to tout the offering's prospect
'ENTHUSIASTIC' FAMILY ISLAND IPO RESPONSE
The Arawak Port Development Company (APD) said the response from potential Family Island investors to its $10 million initial public offering (IPO) had been enthusiastic, after its principals undertake a nationwide roadshow to tout the offering's prospect
KERZNER FORECLOSE WOULD COST $230M
By NEIL HARTNELL Tribune Business Editor Some $230 million in costs would be incurred just to foreclose on Kerzner International's Paradise Island properties, a Delaware judge questioning why Brookfield Asset Management should be the only one to potentia
Can Bahamas brook new Atlantis owner
Can Bahamas brook new Atlantis owner It will return. Make no mistake about it. With $2.5 billion worth of debt past due and in default, Kerzner International's seven lenders will not let the situation lie. It is a question of when, rather than if, the ow
BTC launches 4G in northwest Bahamas
BTC launches 4G in northwest Bahamas The Bahamas Telecommunications Company (BTC) has officially launched 4G services in the Berry Islands and Bimini. Jerome Sawyer, BTC's spokesman, said: "Travellers won't have to worry about sluggish download speeds, l
Redesigned BTC store beats goals
Redesigned BTC store beats goals The Bahamas Telecommunications Company's (BTC) re-opened store on Pioneer's Way in Grand Bahama has "exceeded all targets" after its retail transformation. "We set targets for Grand Bahama and all of our targets have exce
Redesigned BTC store beats goals
Redesigned BTC store beats goals The Bahamas Telecommunications Company's (BTC) re-opened store on Pioneer's Way in Grand Bahama has "exceeded all targets" after its retail transformation. "We set targets for Grand Bahama and all of our targets have exce
