Toronto developer 'major player' on February Point
A top Toronto-based real estate developer was yesterday confirmed as the “major player” in talks to acquire Exuma’s February Point development, its current owners hoping a deal will start to crystallise “within 30 days”.
Benchmark in 2013 'income' warning
Benchmark (Bahamas) yesterday warned investors to expect a “reduction in income”in 2013, due to the pending liquidation of one of its key clients.
Christie Gov't 'respects' BTC privatisation deal
The Christie administration has “made it clear they respect” the agreement that privatised the Bahamas Telecommunications Company (BTC), its majority owner yesterday saying it would not allow the Government’s attempts to regain control to hurt its own shareholders.
BTC targets ‘another 20%’ in cost slashes
The Bahamas Telecommunications Company (BTC) needs to “reduce operating costs by another 20 per cent” before cellular phone services are liberalised, its chief executive yesterday saying its post-privatisation transformation had reached “the halfway mark”.
BORCO enjoys 10% Q3 revenue rise
The Bahamas Oil Refining Company (BORCO) enjoyed a 9.8 per cent year-over-year revenue increase for the 2012 third quarter due to an extra 1.1 million barrels of storage capacity coming online, as it increased its share of its parent’s international operations to 93 per cent.
BTC 'bottlenecks' from 400% mobile data growth
The Bahamas Telecommunications Company (BTC) is investing a further $2 million in its 4G network to relieve “bottlenecks” at 15 cell tower sites caused by a 400 per cent increase in mobile data usage, its chief executive yesterday also targeting a ‘doubling’ of its Internet market share.
BTC creates 145 jobs
The Bahamas Telecommunications Company (BTC) has created 145 full and part-time jobs since its immediate post-privatisation downsizing, its chief executive adding that another 200 employees - some of whom had been waiting 10 years - were either promoted or “reclassified” within the company.
THE ART OF GRAPHIX: The signs to look for in a successful business
Have you considered the impact that a sign can have on your business? Many merchants increase their business measurably just by adding good signage.
Arawak Port beats its volume target by 1,000
The Nassau Container Port’s throughput volumes were 1,000 ahead of expectations during its 2012 fourth quarter, Tribune Business was told yesterday, with shipping companies reporting up to a 30 per cent improvement in vessel turnaround time from the new facility.
Gaming expert: Government wrong to legalise 'rackets'
An international regulatory expert yesterday said the Bahamian government had got its gaming policy wrong, arguing that it should implement a National Lottery rather than look at legalising web shop operations he described as “personal rackets”.
Bahamas urged: Go for aircraft registry 'flag of excellence'
An attorney yesterday said the Bahamas’ should establish an aviation registry “flag of excellence” mirroring the reputation of its maritime industry, adding that he was waiting on the Government for the ‘green light’ to proceed with the initiative.
City Markets staff fight' must not happen again'
The City Markets debacle “must never, ever happen in this country again”, a representative for 350-400 of its former employees yesterday saying they would not accept “less than 80 per cent” of the severance pay due to them.
Businessman questions NIB deal for City Markets HQ
A well-known businessman yesterday said it would be a “curious” use of retirement contributions for the National Insurance Board (NIB) to acquire the former City Markets office on East-West Highway, and called for full “transparency” should any transaction materialise.
Pulling the trigger on product solutions
My son and I began working on an information product on Thursday night. Our challenge was that by Monday afternoon we would have a completed product, a sales funnel and, if possible. some actual sales.
BFSB elects officers for 2012-2014 period
The Bahamas Financial Services Board’s (BFSB) directors yesterday elected officers for the 2012-2014 period. They are:
