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
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
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
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
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
FIDELITY BANK COMPLETES THE LISTING PROCESS FOR SHARES
THE Bahamas International Stock Exchange (BISX) announced yesterday that Fidelity Bank (Bahamas) Limited had successfully completed the listing process for its Series A preference shares. In a statement by BISX yesterday it was stated that the shares are
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
SURVEY AIMS TO 'MATCH' BAHAMAS LABOUR MARKET
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Department of Statistics, in conjunction with the Inter-American Development Bank (IDB), yesterday launched a comprehensive wage and productivity survey aimed at ultimately "ma
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
$25M PROJECT FIGHTING SALES 'SLUMP OFF'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE lead developer of Lyford Hills told Tribune Business yesterday that sales of the 126 Phase I lots had "slumped" during the 2011 second half despite a promising start, with some
MINISTRY HOPEFUL OVER SOLUTIONS TO VISION AIRLIFT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net TOURISM executives expressed optimism yesterday that within the next two months Vision Airlines' performance in Grand Bahama will improve, the tourism director-general telling Tribu
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
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
CONFERENCE TO GIVE BAHAMAS TOURISM BOOST
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas should reap major benefits from the exposure generated by the upcoming Caribbean Marketplace conference, Bahamas Hotel Association (BHA) president Stuart Bowe said yeste
WSC TO SPEND $10M ON FOUR NEW WATER TREATMENT PLANTS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) plans to spend about $10 million on four waste water treatment plants as well as several disposal wells in New Providence, the corporation's
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,
GOVT EMPLOYEES TAKE $6.5M IN APD SHARE SUBSCRIPTIONS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GOVERNMENT employees accounted for $6.5 million in share subscriptions in APD Limited's initial public offering, Tribune Business was told yesterday, with the IPO reaching just over
TAYLOR: SANDALS MANAGEMENT ACCEPT UNION AS BARGAINING AGENT FOR RESORT'S LINE STAFF
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PRESIDENT of the Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) Lynden Taylor said yesterday that management at Sandals Royal Bahamian had 'finally' accepted the union
INDUSTRIAL UNREST 'NOT MOTIVATED' BY GENERAL ELECTION
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE recent escalation in industrial unrest is in no way motivated by the upcoming general elections according to prominent labour attorney and leader, Obie Ferguson, who has several
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
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
GOVT EMPLOYEES TAKE $6.5M IN APD SHARE SUBSCRIPTIONS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GOVERNMENT employees accounted for $6.5 million in share subscriptions in APD Limited's initial public offering, Tribune Business was told yesterday, with the IPO reaching just over
WSC TO SPEND $10M ON FOUR NEW WATER TREATMENT PLANTS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) plans to spend about $10 million on four waste water treatment plants as well as several disposal wells in New Providence, the corporation's
VISION SLIPPING 35% PTS BELOW LOAD EXPECTANCY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net VISION Airlines has "not been performing up to expectations", according to director-general of tourism, David Johnson, who told Tribune Business yesyterday that the airline's servic
Swain warns: 'We can't continue at this same pace'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GREATER efforts need to be made in attracting new businesses to Grand Bahama and reducing the cost of doing business to help boost its ailing economy, the island's chamber of commer
WSC TO SPEND $10M ON FOUR NEW WATER TREATMENT PLANTS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) plans to spend about $10 million on four waste water treatment plants as well as several disposal wells in New Providence, the corporation's
POMPEY PARK CONSTRUCTION PLANS 'MOVING FORWARD'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PLANS are "moving forward" toward the construction of Pompey Park at the western end of Bay Street, said Nassau Tourism Development Board chairman Charles Klonaris. Describing the f
TAYLOR: SANDALS MANAGEMENT ACCEPT UNION AS BARGAINING AGENT FOR RESORT'S LINE STAFF
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PRESIDENT of the Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) Lynden Taylor said yesterday that management at Sandals Royal Bahamian had 'finally' accepted the union
REGULATOR URGED TO NOTE BANK/CREDIT UNION SPLIT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WITH the Central Bank moving towards bringing all Bahamian credit unions under its regulatory purview, a leading executive told Tribune Business yesterday it was important the regul
GOVT EMPLOYEES TAKE $6.5M IN APD SHARE SUBSCRIPTIONS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GOVERNMENT employees accounted for $6.5 million in share subscriptions in APD Limited's initial public offering, Tribune Business was told yesterday, with the IPO reaching just over
TAYLOR: SANDALS MANAGEMENT ACCEPT UNION AS BARGAINING AGENT FOR RESORT'S LINE STAFF
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PRESIDENT of the Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) Lynden Taylor said yesterday that management at Sandals Royal Bahamian had 'finally' accepted the union
WSC TO SPEND $10M ON FOUR NEW WATER TREATMENT PLANTS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) plans to spend about $10 million on four waste water treatment plants as well as several disposal wells in New Providence, the corporation's
GOVT EMPLOYEES TAKE $6.5M IN APD SHARE SUBSCRIPTIONS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GOVERNMENT employees accounted for $6.5 million in share subscriptions in APD Limited's initial public offering, Tribune Business was told yesterday, with the IPO reaching just over
TAYLOR: SANDALS MANAGEMENT ACCEPT UNION AS BARGAINING AGENT FOR RESORT'S LINE STAFF
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PRESIDENT of the Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) Lynden Taylor said yesterday that management at Sandals Royal Bahamian had 'finally' accepted the union
WSC TO SPEND $10M ON FOUR NEW WATER TREATMENT PLANTS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) plans to spend about $10 million on four waste water treatment plants as well as several disposal wells in New Providence, the corporation's
GOVT EMPLOYEES TAKE $6.5M IN APD SHARE SUBSCRIPTIONS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GOVERNMENT employees accounted for $6.5 million in share subscriptions in APD Limited's initial public offering, Tribune Business was told yesterday, with the IPO reaching just over
TAYLOR: SANDALS MANAGEMENT ACCEPT UNION AS BARGAINING AGENT FOR RESORT'S LINE STAFF
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PRESIDENT of the Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) Lynden Taylor said yesterday that management at Sandals Royal Bahamian had 'finally' accepted the union
WSC set to spend up to $1m on drainage and sewerage system for NP
WSC set to spend up to $1m on drainage and sewerage system for NP By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) will spend between $750,000 to $1 million on a master plan for New Provid
Laville: WSC loses $16m a year in water leakage
Laville: WSC loses $16m a year in water leakage By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) loses about $16 million a year in water leakage in New Providence. Its general manager Glen
bahamas Stripping to finalise deal for job at new national stadium
bahamas Stripping to finalise deal for job at new national stadium By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMAS Striping, a grant-winning company from the Ministry of Youth, Sports and Culture's Self-Starter Programme
WSC set to spend up to $1m on drainage and sewerage system for NP
WSC set to spend up to $1m on drainage and sewerage system for NP By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) will spend between $750,000 to $1 million on a master plan for New Provid
Laville: WSC loses $16m a year in water leakage
Laville: WSC loses $16m a year in water leakage By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Water and Sewerage Corporation (WSC) loses about $16 million a year in water leakage in New Providence. Its general manager Glen
bahamas Stripping to finalise deal for job at new national stadium
bahamas Stripping to finalise deal for job at new national stadium By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMAS Striping, a grant-winning company from the Ministry of Youth, Sports and Culture's Self-Starter Programme
Port's tariffs 'fair'
Port's tariffs 'fair' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE "net impact" of Arawak Port Development's (APD) new tariff structure is not "unreasonable" the company's chief executive said yesterday, telling Tribune B
KFC: Union on 'amber alert'
KFC: Union on 'amber alert' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Kentucky Fried Chicken (Nassau) employees are "adamant" that they are not prepared to take a reduction in their wages or benefits, a Bahamas Hotel, Cat
Airlift credit 'exceeds wildest expectations'
Airlift credit 'exceeds wildest expectations' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE MINISTER of Tourism and Aviation said yesterday that several initiatives were being examined to boost airlift to this jurisdiction
Shipping industry 'gone through hell'
Shipping industry 'gone through hell' By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE past three years have been "hell" for the shipping industry, to Arawak Port Development (APD) chief executive Mike Maura Jr said yesterday
Port's tariffs 'fair'
Port's tariffs 'fair' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE "net impact" of Arawak Port Development's (APD) new tariff structure is not "unreasonable" the company's chief executive said yesterday, telling Tribune B
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
PRACTICE SAYING NO
By Simon Cooper Res Socius IT IS very tempting when starting out in business - or moving into an existing one - to say "yes" to every customer who wanders in the door with unusual requirements. It is also equally enticing to take on new lines suggested
