All-inclusives not the 'right formula' for Family Islands
THE Government needs to find “the right formula” for stable economic development in the Family Islands, according to outgoing Exuma Chamber of Commerce president, Floyd Armbrister, who yesterday said boutique-type resort properties were the way forward.
Realtor in property management division
Mario CareyRealty has announced the launch of its property management division, headed by a multi-lingual property management specialist and staffed by a veteran professional with 15 years’ experience in the US, Europe and South America.
Concern over S&P rating
THERE is “at least a one in three chance” that Standard & Poor’s (S&P) will downgrade the Bahamas’ sovereign credit rating within the next 24 months, with Wall Street ruling tax reform out as a major difference maker in the short-term.
Reforms can 'treble' casino gaming revenue
The Bahamas can “triple” its $146 million annual gross gaming revenues if the Government adopts comprehensive reforms detailed by the resort casino industry, which believes the 2013 second quarter is “not an unreasonable time” for implementing them.
35% profit fall spells no dividend at Property Fund
THE Bahamas Property Fund’s directors have decided not to pay its scheduled $0.20 per share dividend for the 2012 second half, after profits for the first six months slumped 34.7 per cent due to continuing high vacancy rates at its two main properties.
FamGuard to make agent acquisition
FamGuard Corporation’s insurance agency subsidiary is expanding via the acquisition of a rival Nassau-based agent, Tribune Business has been told, with the BISX-listed insurer shrugging off a sharp 64.8 per cent annuity decline to post a slight half-year profit increase.
Bahamas faces 'one in three chance' of downgrade in two years
THERE is “at least a one in three chance” that Standard & Poor’s (S&P) will downgrade the Bahamas’ sovereign credit rating within the next 24 months, with Wall Street ruling tax reform out as a major difference maker in the short-term.
Govt assesses new timeshare legislation
THE Government is looking at new legislation to promote the timeshare industry in the Bahamas, the minister of tourism arguing that an “across the board” focus was necessary in the tourism industry.
Don't leave planning for your retirement until old age
MAINTAINING healthy finances as you approach retirement is just as important as making your regular visits to the doctor.
BTC: 4G sparks 800% mobile data increase
THE Bahamas Telecommunications Company’s (BTC) chief executive says the newly-privatised carrier’s fourth generation (4G) network has sparked a 60 per cent increase in cellular voice traffic, with mobile data up 800 per cent.
Bahamas waste 'off 26%' despite profits tripling
Despite almost tripling its 2012 half-year profits Bahamas Waste yesterday said its bottom line came in 26 per cent below projections, with the second half outlook clouded by a 40 per cent reduction in its government residential garbage collection rates.
Executive entity can be Bahamas 'second most-used product'
A Nassau-headquartered provider that supervises $1.5 billion in client assets yesterday expressed optimism that Executives Entities could become “the second most used product” from the Bahamian financial services menu, having already beaten its own pre-Christmas expectations.
BTC to invest $20-$30M to bring NGN 'to market'
THE Bahamas Telecommunications Company (BTC) expects to be “well positioned” to win back market share in the fixed-line Internet broadband market via its Next Generation Network (NGN), the company’s chief executive telling Tribune Business it will invest a further $20-$30 million “to bring it to market”.
$100M Gov't bond 'oversubscribed'
The Central Bank of the Bahamas’ governor last night confirmed that the Government’s latest $100 million bond issue was “oversubscribed”, with a portion of the funds raised potentially funding its share of Baha Mar’s infrastructure works.
Price is not the only product differential
While products are the things we sell in business - and hopefully make money from as we do – my friends at Wolfram Math World also define ‘product’ as “the result of one or more multiplications”, which directs one’s thoughts down an interesting side path.
