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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.

MSC deal to give Bahamian company ‘widest ever smile’

The Bahamian leaseholder of Ocean Cay will have “the biggest smiles ever” as a result of the deal that will see Mediterranean Shipping Company (MSC) take over the island for its $100 million cruise port.

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.

Union leader calls for Productivity Council

A leading trade unionist has called for the creation of a tripartite National Productivity Council, arguing that the Bahamian education was “designed for students to fail”.

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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.

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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 '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

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

$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

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

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

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

DOCTORS UNVEILS NEW BOARD APPOINTMENT

DOCTORS Hospital yesterday announced the appointment of Kerzner International executive,, Karen Carey, to its Board of Directors. Mrs Carey, who serves as senior vice-president of human resources at Kerzner International Bahamas, fills a position made vac

UNION 'VIGILANT' ON ATLANTIS JOBS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) yesterday said it continued to remain vigilant over the employment situation at Atlantis following Brookfield Asset Man

UNION 'VIGILANT' ON ATLANTIS JOBS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) yesterday said it continued to remain vigilant over the employment situation at Atlantis following Brookfield Asset Man

UNION 'VIGILANT' ON ATLANTIS JOBS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) yesterday said it continued to remain vigilant over the employment situation at Atlantis following Brookfield Asset Man

UNION 'VIGILANT' ON ATLANTIS JOBS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) yesterday said it continued to remain vigilant over the employment situation at Atlantis following Brookfield Asset Man