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NAD adds four to leadership team

The Nassau Airport Development Company (NAD)has added two directors and two managers to its overall leadership team.

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Bahamas can be stem cell 'world leader'

THE Bahamas has the opportunity to become a “world leader” in the field of stem cell research and therapy, Prime Minister Perry Christie said yesterday, as he tabled a Bill seeking to regulate the sector in the Bahamas.

No US 'strong-arm' on FATCA compliance

A SENIOR US Treasury official said yesterday that the US government was not seeking to ‘strong arm’ foreign jurisdictions into Intergovernmental Agreements (IGA) for Foreign Account Tax Compliance Act (FATCA) reporting.

$2m downtown project on target for May end

By NATARIO McKENZIE

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'Major concern' over BISX listed firm's $5m prefs

The $5 million investment in a BISX-listed firm’s preference shares “is of considerable concern” to the liquidators of its largest client, who have warned that the deal will receive their “continued attention”.

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$5bn national debtnot necessarily hit by latest bond

A former finance minister yesterday said the Government’s overdraft had come down to around $65 million, adding that its latest bond issue would not necessarily take the national debt beyond the $5 billion mark.

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Web shop attorney: Closure 'a gamble'


 IF the Government chooses to act on yesterday’s ruling by the Chief Justice it could set itself up for further legal action, an attorney for several web shop oerators warned.

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Web shop damages fear 'rather hollow'

The Chief Justice yesterday ruled that the web shop industry had produced no “credible evidence” it would be irreparably harmed without an injunction preventing its shut-down, describing claims of ‘financial Armageddon’ as “rather hollow”.

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PM warned of Judicial Review over Nygard

The Coalition to Protect Clifton Bay has warned the Prime Minister it will launch Judicial Review proceedings in the Supreme Court if the Government fails to respond by Friday to its concerns over construction activity at Nygard Cay, its attorney warning: “The rule of law is at stake.”

MARKETING REVOLUTION Be the smoke detector, not the firefighter

It’s been interesting to have my son back from university, and to have his input into my Judo business. In some ways it’s like a time warp, because five years ago the Judo business was a completely different beast.

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Carifta games brought in well over $1 million says tourism official

THE 2013 CARIFTA games generated “well over $1 million” in direct visitor spend a senior tourism official said yesterday, saying that the overall economic impact was far greater when Nassau/Paradise Island hotels were factored in.

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Superwash Prince Charles rebounds 20-25 per cent

SUPERWASH has seen business at its Prince Charles Drive laundromat rebound 20-25 per cent, its president Dionisio D’Aguilar telling Tribune Business the laundromat’s southern locations were also seeing an ‘upward trend’ in business.

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Mega resort team sets its sights on getting extra 300,000 airline seats to Nassau

TOURISM officials along with Baha Mar executives are continuing their push to get an additional 300,000 airlines seats to Nassau per year to facilitate the mega resort, director general David Johnson telling Tribune Business, “We have to make it happen’.

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'Positive interest' in Baha Mar's luxury residences

BAHA MAR’S luxury residences have generated “positive interest” among international buyers, a senior executive expressing confidence that the resort would meet its sales goals.

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2013 new car sales 'fairly static'

BAHAMIAN new car dealers are anticipating that this weekend’s annual new car show will help stimulate sales and buyer interest, with one dealer describing this year’s sales as being “fairly static” thus far.