Bahamas must 'adapt to survive' major hurricanes
THE Bahamas must heed the lessons learned from major hurricanes in recent years and “adapt to survive”, a coastal engineer urged yesterday. Carlos Palacious, director of operations at Caribbean Coastal Services, addressing a press conference to promo
Tourism targets 23.5% reduction in 'leakage'
PROMOTING the development of small and medium-sized enterprises could help the Bahamas reduce the “leakage” of 85 cents from every tourist dollar earned, a hotel executive said yesterday.Carlton Russell, the Bahamas Hotel and Tourism Association’s (B
IAN FERGUSON: The model strategy for good planning
MOST businesses begin their planning process three to six months before the start of a new financial year. This identifies its immediate and long-term objectives, and develops and monitors specific strategies to achieve this. Strategic planning used
URCA eases Sebas’s radio delay ‘hardship’
Regulators have moved to ease “the hardship suffered” by Sebas Bastian after the Island Luck chief’s radio launch was blocked by an ongoing court dispute.
Oil explorer's success prospects 'four times' better than average
A BAHAMAS-based oil explorer has received “a great endorsement” from independent experts who confirmed its chances of success are at least four times’ higher than the industry average.Simon Potter, Bahamas Petroleum Company’s (BPC) chief executive, t
BDB offers as 'vehicle' for Ministries' goals
THE Bahamas Development Bank (BDB) plans to offer itself as a “vehicle” through which government ministries can realise their goals in industries such as tourism, agriculture and culture.Lynden Nairn, the bank’s chairman, told Tribune Business that s
No 'show stoppers' on Grand Lucayan deal
THE Government will respond to the Wynn Group’s Grand Lucayan Heads of Agreement (HOA) proposal by week’s end, a source saying: “There aren’t any show stoppers yet.”Tribune Business sources familiar with the deal’s progress, speaking on condition of
Gov’t misses URCA ‘Holy Grail’ on GB Power deal
THE Government has missed its “Holy Grail” by failing to tie approval of the $35 million GB Power buy-out to the utility “subjecting itself” to URCA’s regulation.
'Too valuable' to allow $30m VAT uncertainty
The insurance industry is “too important to the Bahamian economy” to allow uncertainty over an unpaid $30 million VAT refund to persist, a top executive warned yesterday.Anton Saunders, RoyalStar Assurance’s managing director, told Tribune Business t
Realtors confident of beating 2017's 40-90% sales rise
Top realtors yesterday expressed confidence they will this year beat a 2017 sales performance that exceeded prior year comparatives by between 40 to 90 per cent.John Christie, H. G. Christie Ltd’s chief executive, told Tribune Business that the secto
Don't make Grand Lucayan into complete all-inclusive
THE Grand Bahama Chamber of Commerce’s president has warned against making the Grand Lucayan completely all-inclusive under new ownership.Mick Holding, in a recent interview with Tribune Business, said he did not want the complex’s three properties t
Development Bank eyes 37% loss fall
THE Bahamas Development Bank’s (BDB) chairman expects a 37 per cent reduction in its 2017 net loss to $1.2 million, and pledged: “We are headed in the right direction.”Lynden Nairn told Tribune Business in a recent interview that the Board is laying
Construction workers urged to exploit 'first-ever' job fair
JOB seekers in the construction industry were yesterday urged to take advantage of a “first-ever” opportunity to register their skills directly with potential employers via a ‘job fair’ later this month.Leonard Sands, the Bahamian Contractors Associa
Bahamian island hits the jackpot
THE purchase of a Bahamian private island was among the uses suggested for the $559.7 million won in the US Powerball Jackpot.In an ‘NBC Nightly News with Lester Holt’ segment that aired on January 3 about the Powerball Jackpot, reporter Joe Fryer ha
RBC imposes 2018 'moratorium' on fees
THE Royal Bank of Canada (RBC) has placed a moratorium on fee increases in 2018, a senior executive has confirmed.Kevin Darling, RBC’s head of business banking for the northern Caribbean, said: “RBC actually came out this year and put a moratorium on
