Retailers hope 'Black Friday' sparks Bahamian stay-at-home
SEVERAL Nassau-based businesses launching local ‘Black Friday’ sales promotions saw a spike in business over the weekend, one telling Tribune Business that if more embraced the idea Bahamians might choose to shop locally on what has become the busiest shopping day in the US.
Hotel Association unveils name change
The Bahamas Hotel Association (BHA), on the eve of its 60th anniversary, has disclosed that it is changing its name to the Bahamas Hotel and Tourism Association (BHTA).
Gov't is urged: Move on roads compensation before Xmas
THE Government is being urged to follow through on its roadworks compensation proposal ahead of the Christmas holidays, one business owner telling Tribune Business: “A little something is better than nothing at all.”
Liquidator 'stonewalled' on CLICO affiliate owner
The registered agent for the two corporate shareholders of CLICO (Bahamas) main subsidiary refused to disclose their beneficial owners to the insolvent insurer’s liquidator unless he received permission to do so from their ultimate principal in Trinidad, Tribune Business can reveal.
BFSB unveils 2013 summit
Plans for the Bahamas Financial Services Board’s (BFSB) International Business and Finance Summit (IBFS) 2013, scheduled to be held at the Bimini Bay Resort from February 1-3, are well underway.
Exuma resort energy costs 'double' Nassau
Electricity costs for Exuma resorts are “almost double” those faced by Nassau hotels on a per room basis, a Cabinet Minister identifying a host of infrastructure challenges as preventing the island from reaching its full economic potential.
Cable endures 'painful' 50% energy increase
Cable Bahamas has been forced to endure a “painful” 50 per cent year-over-year increase in electricity costs, a senior executive yesterday saying 2012 revenue and profit growth had been driven largely by its broadband Internet and new products.
Superwash chief: 'Take Gov't roads offer and move on'
The Government will “never make right what they did wrong” with the New Providence Road Improvement Project, a leading businessman said yesterday, urging the private sector to accept the compensation offered and “put this chapter behind us”.
Boaters 'double' business for entrepreneur
BOATING visitors to the Exumas have brought increased custom for one Bahamian entrepreneur, who told Tribune Business his open-air beach front restaurant and special events venue business had “doubled” in the past year.
Unseating the competition
The downside to doing well in business is that competition arrives and tries to grab your patch...
Attorney backs registered title
While agreeing that real estate conveyances take too long and that the Bahamas should move to a registered title system, a local attorney yesterday said this required a phased implementation.
Fishermen to 'make best out of bad' grouper situation
THE losses incurred by Bahamian fishermen as a result of Hurricane Sandy are “no small number”, the Bahamas Commercial Fishers Alliance (BCFA) president said yesterday, saying the industry would have to “make the best out of a bad situation” after their pleas for a grouper season extension were rejected.
Bahamas to host regional summit of promotion agencies
The Bahamas will host a meeting of the Caribbean’s Investment Promotion Agencies (IPAs) on November 27-28, 2012.
Insurer eyeing over $5m in Sandy claims
A Bahamian insurer yesterday said its Hurricane Sandy gross losses were likely to come in more than 20 per cent below 2011 levels at “just over $5 million”, acknowledging the storm would have a “dampening impact” on 2012 profits.
Fidelity results 'below target' as provisions up 136%
Fidelity Bank (Bahamas)loan loss provisions rose by 136 per cent during the 2012 third quarter, its chief executive telling Tribune Business this pushed its results for the period “slightly below expectations”.
