CHAMBER VOICE: Work on your work space
Research has indicated that a healthy work space and attractive office environment adds value to the atmosphere that is created for employees, customers and the public at large.
Gov't told: raise Mortgage Plan's $22,500 'Gap'
Bahamian commercial banks have recommended that the Government increase the $22,500 ‘Gap’ amount in a bid to have more struggling homeowners qualify for its Mortgage Relief Plan, Tribune Business can reveal.
Wyndham staffing ratio still 30 pts above average
THE Wyndham Nassau Resort’s staff per available room ratio still exceeds the industry average by 30 basis points even after last week’s lay-offs, which cut the workforce by 27 per cent.
Bahamian funds defraud leading banks of $219m
A psychologist dubbed Germany’s ‘mini-Bernard Madoff’ and a co-conspirator have been accused by the US government of using Bahamas-domiciled hedge funds to defraud some of the world’s top banks out of $219 million.
BORCO enjoys 29% ship berthing rise
The Bahamas Oil Refining Company (BORCO) saw a 29 per cent year-over-year increase in the number of ships berthing at its facilities during the 2012 fourth quarter, with its “unparalleled capabilities” ensuring 97 per cent of storage tanks were fully leased.
Gov't to prove BTC was 'horrendously bad deal'
The Prime Minister’s efforts to regain majority ownership of the Bahamas Telecommunications Company (BTC) rated not a mention at Cable & Wireless Communications (CWC) Friday results conference, but a key member of his negotiating team pledged: “The public will soon be presented with considerable evidence as to why this was an horrendously bad deal.”
Fiscal deficit increases 47%
The Government’s fiscal deficit for the first five months of the 2012-2013 Budget year rose 46.7 per cent or $70.3 million to hit $220.9 million, imposing further strain on the nation’s finances by taking the administration’s direct debt burden to $4.23 billion.
Unemployment rate in minor decline
The Bahamas’ official unemployment rate declined by 70 basis points over a six-month period to hit 14 per cent in November 2012.
Hotel concern over snow storm impact
MAJOR hotel properties on Nassau/Paradise Island have expressed concern over the impact a massive snow storm affecting the northeastern US may have on their business, with one property already reporting “a dozen or more” cancellations.
Airline: March for $1.6m hangar ground breaking
SKY Bahamas hopes to break ground on its $1.6 million hangar during the first week in March, its chief executive telling Tribune Business that the facility could immediately save the airline 20-30 per cent in direct maintenance costs.
Baha Mar eyeing 2013 'mixed bag'
Baha Mar yesterday forecast “a mixed bag for 2013” at its two existing resorts, predicting 4 per cent occupancy growth at the Sheraton but a “deterioration” at the Wyndham sparked - at least in part - by a 25-30 per cent room inventory drop.
Bran: Bahamas still operating 'in 19th century'
DEMOCRATIC National Alliance (DNA) leader, Branville McCartney, yesterday urged the Government to expand services on its e-government portal and offer incentives to investors who used it, stating: “We are operating in a 19th century environment competing in a 21st century world.”
Minister 'focuses' on resort project re-start
A Cabinet Minister yesterday said he was “focusing a lot of my efforts” on reopening closed hotels and resort development projects halted by the recession, particularly those that could revive Grand Bahama’s “dead” economy.
BICA discusses best practices with Securities Commission
The Bahamas Institute of Chartered Accountants (BICA) has met the Securities Commission of The Bahamas (SCB) in continuing efforts to ensure regulation meets best practices and standards.
BTC's regional parent sees its chief depart
The Bahamas Telecommunications Company’s (BTC) regional parent, LIME, yesterday announced that its chief executive was stepping down after four years at the helm.
