Under 50% of companies use innovation
Less than half of all Bahamian companies are introducing innovations into their businesses, an Inter-American Development Bank (IDB) report finding that in 15 per cent of firms this was because “staff are resistant to change”.
Freeport 'permissible' under WTO requirements
Freeport’s ‘free trade zone’ status will be “permissible” under World Trade Organisation (WTO) rules, a well-known attorney argued yesterday, because the city has consistently been a net contributor to the Public Treasury.
Fears key City Markets pension asset 'vandalised'
Trustees for the City Markets’ employee pension fund were yesterday urged to properly secure the defunct supermarket chain’s former headquarters and warehouse, amid claims that the buildings were being “vandalised” and asset stripped.
MARKETING REVOLUTION: Value the story of your business
In 2010 I went to Singapore to the first ever Youth Olympics. I was honoured to be a part of the Bahamas team and to coach my daughter to a fifth place finish in Judo...
Buena Vista distillery opens with 4,000 sales
The John Watling’s Distillery yesterday confirmed it had opened its Buena Vista Estate to complimentary tours, having to-date sold more than 4,000 bottles of its rum.
GB casino replacement 'in place' by end-June
THE FINAL decision on an operator to take over the Grand Lucayan’s casino from Treasure Bay could be taken in two weeks, the Tourism Minister said yesterday, telling Tribune Business the Government was looking to have a replacement in place by end-June.
Robinson Road leak sparks push for 'rigid' petroleum regulation
The MINISTER for the Environment said yesterday that within the next few weeks he hoped to know how bad fuel leak-related contamination was at the Robinson Road-based Texaco service station, adding that the issue highlighted the need for a “rigid” regulatory environment for the petroleum industry.
Oil drilling laws at Cabinet 'in 30 days'
DRAFT legislation containing the necessary regulatory framework for oil exploration in the Bahamas could be before Cabinet with in the next 30 days, the Minister for the Environment said yesterday.
'Skills gap trap' creates 40-year-old workforce
Skills shortages among high school leavers have resulted in the Bahamas having “a pretty old workforce” with an average age of 40, a private sector executive yesterday warning there was “no easy fix” to this nation’s labour problems.
$2.5m impact blunts Bahamas First profit
Bahamas First Holdings yesterday said it shrugged off a collective $2.5 million ‘hit’ from Hurricane Sandy and various investment/commission decreases to hit “90 per cent” of its 2012 comprehensive income target.
Oil explorer talks $20bn and counters deal critics
The Government will earn more than $20 billion in royalty revenues if the Bahamas Petroleum Company (BPC) discovers one billion barrels of oil in this nation’s waters, the company’s chairman revealed yesterday.
'Fantastic' if 30% of Auto Show proposals convert into sales
A Bahamian auto dealer yesterday said it “would be fantastic” if just 30 per cent of the 130 proposals it wrote at the weekend’s Car Show translated into hard sales.
Broker scores Top Producer hat-trick
Bahamas Realty broker Silvina M. Andrews scored a hat-trick after becoming the realtor’s Top Producer for the third time in 2012.
Mortgage relief 'bogus from start'
A FORMER Bahamas Mortgage Corporation chairman yesterday blasted the Mortgage Relief Plan as “pure public relations” and “bogus from the beginning”, after the Government admitted that the plan had yet to benefit any distressed homeowners.
Concern on new LPIA fee rises
A BAHAMIAN airline executive yesterday warned that increased fees levied against carriers at Lynden Pindling International Airport (LPIA) could ultimately impact the country’s tourism sector,adding that the Government must decide on a plan for the aviation sector going forward.
