CUSTOMS TARGETS NON- COMPLIANCE ON BOND GOODS
Customs is cracking down on Grand Bahama Port Authority (GBPA) licensees who fail to submit regular reports to it on bonded goods purchases, Tribune Business was told yesterday. Aiming to eliminate tax evasion and fraud, the Department said licensees wish
Firm mulls legal fight on URCA licence revocation
Firm mulls legal fight on URCA licence revocation Sub-Deck: * Says that under Hawksbill Creek should not pay fees * 'No doubt' it can win case on merits By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A GRAND Bahama businessma
Retailers target 'exciting' Xmas
Retailers target 'exciting' Xmas By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIAN retailers told Tribune Business yesterday that they expect an 'exciting Christmas', with customer traffic expected to increase substantial
MARGIN RELIEF A 'SLOW PROCESS' FOR RETAILERS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net IT has been a "slow process" for the margin increase petroleum retailers received back in October to start showing itself, the Bahamas Petroleum Retailers Association (BPRA) preside
STRAW VENDORS SUFFER LOSSES
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net STRAW vendors are estimating thousands of dollars in losses after an early Friday fire destroyed their stalls at the temporary facilities on Bay Street. The fire, which is believed
GOV'T AWAITS KELLY PROPERTY PROPOSAL
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The government is awaiting a proposal for the redevelopment of the Kelly property in downtown Nassau after it was ravaged by fire in February 2011. Speaking at the 59th annual gener
LPIA FEES TO BE 'EQUAL OR LESS' THAN REGION AVERAGE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE NASSAU Airport Development Company's chief executive and president, Stewart Steeves, has pledged that when the planned fee increases at Lynden Pindling International Airport (LP
MARGIN RELIEF A 'SLOW PROCESS' FOR RETAILERS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net IT has been a "slow process" for the margin increase petroleum retailers received back in October to start showing itself, the Bahamas Petroleum Retailers Association (BPRA) preside
SCRAP METAL REGULATIONS PUBLICATION TO COME SOON
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AMENDMENTS to the Customs Management Bill which are expected to provide for oversight of the scrap metal industry, are expected to be gazetted soon, the Minister the Environment tol
$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
MINISTER TO MEET ON SANDALS' LABOUR WOE
LABOUR Minister Dion Foulkes told Tribune Business yesterday that he has a meeting scheduled this afternoon with executives of the Bahamas Hotel, Maintenance and Allied Workers Union (BHMAWU) to discuss labour issues regarding Sandals Royal Bahamian. Mini
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
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
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
NO TOURISM IMPACT FROM ATLANTIS FIGHT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE ongoing turmoil among Kerzner International's debt holders is unlikely to impact resort bookings and visitor perceptions of the Bahamas, according to tourism director-general Da
POST OFFICE HIT BY COMPLAINTS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE BAHAMAS Postal Service is testing the efficiency of its local mail delivery service, acting Postmaster General, Leslie Cartwright, told Tribune Business yesterday, acknowledging
MINISTER CERTIFIES TWO STRIKE VOTES
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The union representing Customs and Immigration officers yesterday called for a sincere attempt on the part of the Government to resolve their outstanding issues, with Labour Ministe
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
Radar woe spells 'possible disaster'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net An "erratic" radar system at Lynden Pindling International Airport (LPIA) is another ingredient for "possible disaster" in the aviation industry, the head of a Bahamian-owned airlin
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
Radar woe spells 'possible disaster'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net An "erratic" radar system at Lynden Pindling International Airport (LPIA) is another ingredient for "possible disaster" in the aviation industry, the head of a Bahamian-owned airlin
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
Radar woe spells 'possible disaster'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net An "erratic" radar system at Lynden Pindling International Airport (LPIA) is another ingredient for "possible disaster" in the aviation industry, the head of a Bahamian-owned airlin
Chamber chief: Tax reform within 10 years
Chamber chief: Tax reform within 10 years By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Bahamian companies will have to improve their record-keeping and accounting procedures with a new tax structure set to be introduced withi
Two Bahamians finish KPMG 'FATCA adademy'
KPMG (Bahamas) has announced that two members of its staff have completed specialist training for the implementation of Foreign Account Tax Compliance Act (FATCA). Annie Chinafat, a principal in its audit practice, and Kendell Pierre, an associate directo
Phil's: 'Enough to go around' in food retail
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE'S "enough to go around" in the food retail business for everyone to turn a profit, according to Phil Lightbourne, owner of the Gladstone Road-based food retailer/wholesaler Ph
DOWNTOWN PLANS STRUCK BY BLAZE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PLANS for Bay Street's redevelopment were dealt a major blow last Friday when fire ravaged the Pompey Museum, with Downtown Nassau Partnership (NTDB) co-chairman, Charles Klonaris,
AUTHOR TARGETS $500M MARICULTURE INDUSTRY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamian economy sector could receive a $500 billion annual injection should the country move towards establishing a mariculture industry, an accountant and author telling Trib
BAHAMAS' 'REVERSE MEDICAL TOURISM'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIANS pump millions of dollars each year into the South Florida's medical tourism sector, a leading doctor telling Tribune Business yesterday that this nation provides the large
75 JOBS FROM DOCTORS' $1M WESTERN MOVE
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net DOCTORS Hospital plans to invest in excess of $1 million to re-open its Western Medical Plaza facility, its president telling Tribune Business yesterday that the move could ultimate
KFC AGREEMENT TALKS TO START DECEMBER 9
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net EXECUTIVES of the Bahamas Hotel Catering and Allied Workers Union (BHCAWU) and KFC (Nassau) are set to begin negotiations on a new industrial agreement on December 9, the union's pr
Two Bahamians finish KPMG 'FATCA adademy'
KPMG (Bahamas) has announced that two members of its staff have completed specialist training for the implementation of Foreign Account Tax Compliance Act (FATCA). Annie Chinafat, a principal in its audit practice, and Kendell Pierre, an associate directo
AUTHOR TARGETS $500M MARICULTURE INDUSTRY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamian economy sector could receive a $500 billion annual injection should the country move towards establishing a mariculture industry, an accountant and author telling Trib
PM: FIRE CREATES REDEVELOPMENT OPPORTUNITIES
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Government "will move expeditiously" to restore the part of downtown that was ravaged by fire last Friday, Prime Minister Hubert Ingraham confirmed, saying the fire which destro
BAHAMAS' 'REVERSE MEDICAL TOURISM'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIANS pump millions of dollars each year into the South Florida's medical tourism sector, a leading doctor telling Tribune Business yesterday that this nation provides the large
BAHAMAS EYES 15% Q1 GROUP TOURISM RISE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas is set to experience a "robust" 2012 first quarter in the tourism sector, Vincent Vanderpool-Wallace said yesterday, attributing this to an expected 15 per cent uptick
BEC EYES 'BREAK EVEN' FOR 2011
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas Electricity Corporation's (BEC) 2011 bottom line performance is expected to be closer to "break even" than original $5 million projections, due to Hurricane Irene, but w
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
LPIA FEES TO BE 'EQUAL OR LESS' THAN REGION AVERAGE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE NASSAU Airport Development Company's chief executive and president, Stewart Steeves, has pledged that when the planned fee increases at Lynden Pindling International Airport (LP
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
NIB 1% rate is rise proposed
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A recommendation to increase the National Insurance Board (NIB) contribution rate by one percentage point to 10.8 per cent has been lodged
STRAW VENDORS SUFFER LOSSES
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net STRAW vendors are estimating thousands of dollars in losses after an early Friday fire destroyed their stalls at the temporary facilities on Bay Street. The fire, which is believed
BUSINESS FEARS OVER 1% NIB 'TAX' RATE RISE
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Plans to increase National Insurance Board (NIB) contribution rates by one percentage point to 10.8 per cent will likely pose a challenge for many Bahamian businesses still seeking
Minister admits need for national fiscal 'rebalance'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A government minister yesterday acknowledged that the Bahamas needed a fiscal"rebalancing" given its $4.25 billion national debt, with the Ingraham administration trying to nurture
GOV'T AWAITS KELLY PROPERTY PROPOSAL
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The government is awaiting a proposal for the redevelopment of the Kelly property in downtown Nassau after it was ravaged by fire in February 2011. Speaking at the 59th annual gener
CUSTOMS TARGETS NON- COMPLIANCE ON BOND GOODS
Customs is cracking down on Grand Bahama Port Authority (GBPA) licensees who fail to submit regular reports to it on bonded goods purchases, Tribune Business was told yesterday. Aiming to eliminate tax evasion and fraud, the Department said licensees wish
BAHAMAS EYES 15% Q1 GROUP TOURISM RISE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas is set to experience a "robust" 2012 first quarter in the tourism sector, Vincent Vanderpool-Wallace said yesterday, attributing this to an expected 15 per cent uptick
NIB 1% RATE IS RISE PROPOSED
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A recommendation to increase the National Insurance Board (NIB) contribution rate by one percentage point to 10.8 per cent has been lodged
DOWNTOWN PLANS STRUCK BY BLAZE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PLANS for Bay Street's redevelopment were dealt a major blow last Friday when fire ravaged the Pompey Museum, with Downtown Nassau Partnership (NTDB) co-chairman, Charles Klonaris,
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
