'Shocking' 26% new auto sales decline
Bahamian auto dealers yesterday described the 26 per cent decline in 2013 first quarter new car sales as “a bit shocking”, with volumes dropping by more than units year-over-year.
Arawak Homes unveils 12-year low prices
ARAWAK Homes is set to launch its newest line in home models by month’s end, its president telling Tribune Business that proper land planning had allowed it to offer properties at price points representing a 12-year low.
'No appetite' to avoid $100m in tax increases
A leading businessman yesterday said the 2013-2014 Budget’s $100 million worth of tax increases would not be required if the Bahamas had the “appetite” to tackle the “deeply ingrained” culture of government dependency.
Retail 'pioneer' targets more Atlantis expansion
One of Atlantis’s retail ‘pioneers’ yesterday said he was aiming to establish a second store at the Royal Towers within three years, the recent expansion of his inaugural outlet having sparked a 20 per cent sales increase.
Bahamas first WTO offering 'ludicrous'
A Cabinet Minister yesterday described the Bahamas’ first World Trade Organisation (WTO) offer as “ludicrous”, as it effectively closed the Bahamas’ two largest industries - tourism and financial services - to foreign ownership.
'Enclave' tourism cannot beat crime
The Caribbean has often suffered from a surfeit of unemployment and economic malaise, both of which are linked to rises in criminal activity. Yet when one compares the rate of criminal activity aimed at tourists in the Caribbean to other similar destinations, one the Caribbean is doing an exceptionally good job in ensuring the safety of visitors. Chesney-Lind and Lind (1986) found that visitors to Hawaii experienced more violent and non-violent crime than did residents.
Cable hits back at BTC's own alleged 'anti-comp actions'
Cable Bahamas yesterday hit back at the Bahamas Telecommunications Company (BTC) with its own accusations of alleged “anti-competitive behaviour”, as the battle for broadband Internet market dominance heats up.
Minister touts new industry hires from reinstated incentive
AMENDMENTS to the Industries Encouragement Act has boosted manufacturing sector employment, the Minister of Financial Services said yesterday, adding that this was key to the economic development of the country.
Royal Bank readies for Freeport Expo
BC Royal Bank of Canada and RBC FINCO will tomorrow stage its 2013 Home & Auto Expo at their Freeport Branch on East Mall & Explorers Way.
Growth workshops target small firms
The Caribbean Export Development Agency (Caribbean Export) is teaming up with the Ministry of Financial Services to assist small and medium-sized Bahamian businesses (SMEs) that want to grow and expand.
800 apply for Gov't housing
MORE than 800 persons have registered for Government homes since April 2013, Minister of the Environment and Housing, Kenred Dorsett, revealed yesterday.
Oakes estate eyes solar power plant
The late Nancy Oakes’ estate has submitted to the Government a proposal to develop a solar power plant on the hundreds of acres it owns in southwestern New Providence, Tribune Business can reveal.
Commission forces Benchmark into broker 'guarantee'
BISX-listed Benchmark (Bahamas) has been forced to “guarantee” its broker/dealer subsidiary will meet all financial obligations for “at least 12 months”, after regulators expressed concern over whether it was a ‘going concern’.
BTC blasts Cable on alleged $150k contract breach
The Bahamas Telecommunications Company (BTC) yesterday accused Cable Bahamas of anti-competitive behaviour intended to cause it “loss of market share” in broadband Internet, claiming its main rival had breached their $150,000 advertising contract.
Tax policy changes cause 'major angst'
Constant tax policy changes are causing “an enormous amount of angst” in the Bahamian business community, the Government has been warned, causing many businesses to ‘sit on the fence’ and postpone expansion plans.
