Retailers see customer surge in Xmas run-up
BAHAMIAN retailers saw a surge in customer traffic in the days leading up to the Christmas holiday, one telling Tribune Business that it expected to “meet and exceed” its sales target.
Christmas tree sales ‘mixed’
IF the sale of Christmas trees and the like are a reliable gauge of overall holiday spending, retail sales this season could be mixed.
NAD fee increases fuel airline ‘double tax’ fears
The Nassau Airport Development Company’s (NAD) proposal to increase its international passenger user fee by 12.7 per cent has fuelled concerns about the ‘double taxation’ burden being imposed on the airline industry, one operator describing this as having “a big time” impact.
Wall Street: Bahamas off 2.5% growth target
Wall Street believes the Bahamas has failed to meet projected economic growth targets for 2012, a leading rating agency finding that GDP expansion is set com
Oceania: 16 owners concerned on Stamp Duty ‘non-payment’
Homeowners at the controversial Oceania Heights development have identified 16 purchasers who have questions over whether their Stamp Duty payments were remitted to the Public Treasury.
BTC ordered to reduce termination fees 53%
The Bahamas Telecommunications Company (BTC) is being required to reduce the interconnection charges it levies upon rival operators by up to 53 per cent in 2013, with regulators determined to prevent its internal inefficiencies blocking competition.
Caribbean Bottling: Quality control issues ‘unbelievably strange’
Caribbean Bottling Company described as “unbelievably strange” the quality control issues it has experienced with a specific batch of its 12-ounce Schweppes Ginger Ale cans, electing not to produce any more until the problems are resolved.
Avoiding business pitfalls during 2013
As we count down to a new year full of opportunities for businesses throughout the Bahamas, we must pause to make the necessary investments and preparation to experience this success.
URCA dismisses BTC's $1.5M foreign fees loss
Regulators have dismissed the Bahamas Telecommunications Company’s (BTC) argument that forcing it to lower cellular (mobile) call termination rates would cost it $1.5 million a year, arguing that this is essential to fostering “fair competition” at home.
Oceania Heights dispute: Parties agree to meet
The bitter, long-running dispute at Exuma’s Oceania Heights project may be moving towards a negotiated settlement, after the homeowners group yesterday indicated they would be prepared to meet with the developers face-to-face.
Copyright Fund lacks monies to pay ‘multi-million’ claims
The Bahamas’ Copyright Licensing Fund does not have enough monies to fully compensate intellectual property rights holders who have made “quite significant” multi-million dollar claims against it, Tribune Business was told yesterday.
Exchange control delays $35m GB Power offering
Grand Bahama Power Company’s (GBPC) planned $35 million capital raising has been delayed again, this time by the need to obtain exchange control approval from the Central Bank of the Bahamas, Tribune Business understands.
60 firms apply for roadworks relief
THE Ministry of Finance has received about 60 applications to-date from businesses impacted by the New Providence Road Improvement Project (NPRIP), a senior Ministry of Finance official revealing yesterday that 15 businesses had already received micro-loans as part of the relief plan.
Fishermen unhappy over Defence Force upgrade hold
The BAHAMAS Commercial Fishermans Alliance (BCFA) president, Adrian LaRoda, said yesterday that a properly-equipped Defence Force was critical to tackling the poaching issue, noting that fishermen were not pleased that the Government may delay upgrading its fleet.
