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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

$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

MEDIUM HOTELS ENJOY 4-7% OCCUPANCY RISE

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MEDIUM-sized Nassau hotels have seen business levels exceed expectations, with occupancies up between 4-7 percentage points, and exclusive properties such as Graycliff and the Parad

MEDIUM HOTELS ENJOY 4-7% OCCUPANCY RISE

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MEDIUM-sized Nassau hotels have seen business levels exceed expectations, with occupancies up between 4-7 percentage points, and exclusive properties such as Graycliff and the Parad

MEDIUM HOTELS ENJOY 4-7% OCCUPANCY RISE

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MEDIUM-sized Nassau hotels have seen business levels exceed expectations, with occupancies up between 4-7 percentage points, and exclusive properties such as Graycliff and the Parad

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$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 forms committee to manage its debt

Bahamas forms committee to manage its debt By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A DEBT and cash management committee has been formed to create a medium-term debt strategy for the Bahamas, Central Bank governor Wendy C

Big Game afoot for Bimini

THE Big Game Club on Bimini yesterday said its re-opening had sparked a number of new tourism opportunities on the island. The resort is continuing to build its own tourism-focused base in 2012, promoting its traditional water sports activities, along wit

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Atlantis owner eyes 'significant' 5-year investment programme

The Atlantis resort’s owner is looking to invest a “significant sum” in a five-year capital expenditure plan for the Paradise Island resort, having pronounced itself “quite excited” to have completed the $1.9 billion refinancing.

Chamber chief: Atlantis 'back into uncertainty'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Atlantis has been thrust back into a state of uncertainty once again, the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman, Winston Rolle, yesterday questi

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

FIRM MULLS LEGAL FIGHT ON URCA LICENCE REVOCATION

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A GRAND Bahama businessman said yesterday he is considering whether to pursue legal action against the Utilities Regulation & Competition Authority (URCA) "as a matter of principle"

Firm mulls legal fight on URCA licence revocation

Firm mulls legal fight on URCA licence revocation By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A GRAND Bahama businessman said yesterday he is considering whether to pursue legal action against the Utilities Regulation & Comp

Firm mulls legal fight on URCA licence revocation

Firm mulls legal fight on URCA licence revocation By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A GRAND Bahama businessman said yesterday he is considering whether to pursue legal action against the Utilities Regulation & Comp

Firm mulls legal fight on URCA licence revocation

Firm mulls legal fight on URCA licence revocation By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A GRAND Bahama businessman said yesterday he is considering whether to pursue legal action against the Utilities Regulation & Comp

Firm mulls legal fight on URCA licence revocation

Firm mulls legal fight on URCA licence revocation By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A GRAND Bahama businessman said yesterday he is considering whether to pursue legal action against the Utilities Regulation & Comp

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

Economist: Enterprises Bill $250k should be ‘bit higher’

THE Commercial Enterprises Bill’s $250,000 investment threshold should have been “a bit higher”, a University of the Bahamas economist argued yestrerday. Rupert Pinder, addressing the Rotary Club of West Nassau, said the $250,000 benchmark for foreign companies applying under the Bill did not match the level of incentives being granted.

Economist backs spending cuts to end ‘major wastage’

A University of the Bahamas economist yesterday backed government spending cuts on the grounds there has been “a great deal of wastage”. Rupert Pinder, addressing a Rotary Club of West Nassau luncheon, said: “We cannot overemphasise the importance of economic growth. You can cut spending until the cows come home, but what is really going to put this economy on a strong footing is growth. I am a proponent for cuts in public spending because I think there has been a great deal of wastage.

Insurers unhappy at Gov’t ‘neglect’

The Bahamas Insurance Association’s (BIA) chairman says the industry believes the Government has neglected it, as there are numerous long-standing legal and policy issues it is still battling to resolve.