Cable restored almost 100% on New Providence
Cable Bahamas yesterday said it had restored services to almost 100 per cent of its customers on New Providence, Eleuthera, Andros and Bimini by Tuesday afternoon.
Sandals eyes $1m in storm repairs
SANDALS Royal Bahamian’s general manager yesterday estimated the resort would spend just under $1 million to carry out repairs to areas damaged by Hurricane Sandy, telling Tribune Business that its occupancy levels were near 80 per cent at the time of the storm.
Penalised broker in 'slight victory'
A Bahamian broker/dealer was yesterday viewing a Canadian regulator’s decision to modify the freeze on its accounts as “a slight victory”, even though the $2.2 million they once contained was likely to have declined in value by 50 per cent.
Brewery boosts efficiency 45%
The Bahamian Brewery and Beverage Company’s founder yesterday said the company had improved its efficiency “at least 45 per cent” since it was created five years ago, envisioning its further expansion to a 175-strong workforce.
Creating a storm with the release
Bill Glazer was a top direct response marketer until his recent retirement. Before that he used to run a high-end men’s clothing store in the Baltimore area...
Realtor sees luxury properties upsurge
A Bahamian realtor is predicting an accelerated high-end property market recovery, sparked by new offerings such as Baha Mar and worsening financial conditions elsewhere.
Graycliff eyes extra 50-75 Phase III rooms
GRAYCLIFF has now inked three deals for the expansion of its retail and airport lounge concept, its president Paolo Garzaroli told Tribune Business yesterday.
Attorney attendingtop aviation summit
Callenders & Co attorney and aviation law specialist, Llewellyn Boyer Cartwright, is attending one of the world’s largest aviation conferences, the National Business Aviation Association (NBAA) 2012.
'Remarkable change' inlatin views of Bahamas
A Bahamian financial services provider yesterday said he had seen a “remarkable” turnaround in Latin American client perceptions of this nation, adding that “there’s never been a bigger opportunity” to attract new private banking/financial services business.
Graycliff eyes 2013 for 'Heritage Village' start
By NATARIO McKENZIE
Sandy cuts off 50% of tourism market
Some 45-50 per cent of the Bahamas’ tourism market is being negatively impacted by Hurricane Sandy’s US east coast impact, Tribune Business was told yesterday, shuting down two-way airlift between that area and this nation.
Minister promotes 'regional booking hub' to Swiss banks
The Government has approached three leading Swiss banks about using the Bahamas as a “hub” for their Latin American region booking centre activities, a Cabinet minister yesterday saying he was confident the financial services industry was “poised for significant growth”.
Bahamas First eyes claims similar to Irene's $28-30m
Bahamas First’s chief executive yesterday said it would “be safe to assume” that Hurricane Sandy’s insured losses “will not be any less” than the $28-$30 million in claims the company incurred last year from Hurricane Irene.
Long Island bananas: 80-90% destruction
While Long Island farmers likely lost 80-90 per cent of their banana crop due to Hurricane Sandy, Tribune Business was told yesterday, but many homes and businesses were likely to be “back to normal in a few days”.
BREA chief stands by 'pretty harsh' verdict over Canada warning
The Bahamas Real Estate Association’s (BREA) president is standing by his assessment that the Canadian government’s property deals warning was “pretty harsh”, despite being told that the advisory was a year in the making.
