Emerald Bay still in rate challenge
SANDALS Emerald Bay is eying stronger occupancy levels this Easter compared to last year, the resort’s general manager yesterday telling Tribune Business that it was still being challenged on the average daily rate (ADR).
Palm Cay names new sales head
Palm Cay has named Bahamas Real Estate Association (BREA) lecturer, Zachary Bonczek, as director of sales and marketing at the $200 million residential development.
Private label is Big Game
The Bimini Big Game Club Resort and Marina has introduced its own private label draft beer, Big Game Club Ale.
BTC targets five site cell expansion
The Bahamas Telecommunications Company (BTC) yesterday said it was preparing to commission five new cellular sites, four of which will be completed and in service before the end of April.
Power outage shuts private sector down
Businesses yesterday complained that the Bahamas Electricity Corporation’s (BEC) power outage forced them to close their doors for three-four hours, with some having to work late into the night on key documents.
Resorts 'solidly booked' for Easter
SEVERAL major Nassau-based hotels are anticipating high occupancies for the Easter period, one senior executive telling Tribune Business: “We are absolutely solidly booked”.
Clico liquidator targeting extra $20M from key asset
CLICO (Bahamas) liquidator is aiming to raise another $20 million before closing the sale of its main asset, a sum that would enable him to hit his $50 million target “pretty much spot on”.
Moody’s fears VAT ‘difficult to implement’
The Bahamas is unlikely to stabilize its national debt before the 2016-2017 fiscal year, a Wall Street credit rating agency also warning that the proposed Value-Added Tax (VAT) may “become politically contentious and difficult to implement”.
Auto dealers ready VAT concerns paper
The Bahamas Motor Dealers Association (BMDA) is moving to develop a ‘position paper’ on how Value-Added Tax (VAT) will impact their industry, with its members already raising concerns about how it will impact cash flow, inventory levels and the use of bonded warehouses.
Montaque: Related parties owe 28% of 5.4m receivables
Some 28 per cent of Montaque Capital Partners’ $5.351 million receivables are owed by related parties in which its former principals, Owen Bethel and Edison Sumner, have continuing involvement.
Minister tells private sector: Stop moans over work permits
THE minister responsible for immigration yesterday urged the private sector to stop complaining over work permits and instead help the Government tackle skills and training deficiencies within the Bahamian workforce.
Bahamas must 'play hand dealt' on US pre-clearance
THE Bahamas must ensure the visitor departure experience is equally as enjoyable as the vacation, the Minister of Tourism also expressing concern at this nation’s low cultural experience rating.
Workplace saftey regulations close
REGULATIONS governing health and safety in the Bahamian workplace are being finalised and could be presented to Parliament soon, Labour Minister Shane Gibson has said.
Scrap dealer blasts 'wild calls' over copper ban
“WILD calls” for a total ban on copper exports “make no sense”, a leading Bahamian scrap metal operator is arguing, adding that this was only about 1 per cent of his overall business.
Poultry farm at 'full speed' despite 10% price hike
AFTER nearly going out of business almost one year ago, an Abaco-based poultry producer is “back to full speed” despite feed cost hikes driving its prices up by 10 per cent in January.
