Bahamas sending 20-strong trade mission to Haiti
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman will this coming Monday lead a 20-strong private sector delegation to Haiti, telling Tribune Business yesterday he was “pretty enthusiastic” about the potential business opportunities that could be opened up.
$6m marina 'initiates' PMs'vision for Nassau harbour
The developers behind a $6 million marina in Nassau Harbour yesterday said they hoped it acted as “a catalyst” to further redevelop downtown, telling Tribune Business the project was 70 per cent complete and likely to create 30-40 full-time jobs.
Tying cable rise to USO 'breach of natural justice'
Cable Bahamas has urged regulators not to link its proposed 27 per cent basic cable TV fee increase to the company’s universal service obligations (USO), warning that to do so would “be a breach of natural justice” and open URCA to “scrutiny of its integrity”.
PI resort auction delayed; buyer 'interest high'
The auction sale of a Paradise Island resort has been put back by one week to September 13, Tribune Business was told yesterday, with interest in the property - priced at a base $6 million - said to be “significantly high”.
Finter officer passes Series 7
A Finter Bank & Trust (Bahamas) fund officer, Herbert Bischof, has passed the Series 7 examination in the US after studying with the Nassau-based Securities Training Institute (STI).
Bahamian deal for South Ocean derailed
The Bahamas Golf Federation (BGF) yesterday said it was in the process of returning $130,000 to its members, after its plans for a two-year deal to lease the South Ocean resort’s golf course appeared to have been derailed by a $30 billion asset manager’s offer to purchase the property.
Air arrivals up 11%, but 'not where we want to be'
TOURISM minister Obie Wilchcombe yesterday said that while air arrivals were trending upwards by up to 11 per cent, “we’re still not where I want us to be”. He told Tribune Business he was looking at increasing the numbers, particularly out of the Florida market.
Cable: 27% price rise to offset basic TV losses
Cable Bahamas will continue to “incur a loss” on its basic cable TV package without its proposed 27 per cent price increase, the BISX-listed communications provider arguing that current revenues were insufficient to cover service costs.
Mortgage relief criticisms 'legitimate enough', says leading plan architect
A leading architect of the Government’s mortgage relief plan has described criticisms that it will not have the advertised effect as “legitimate enough”, while arguing that it would “be a good start” even if just 20-25 per cent of delinquent borrowers were assisted.
Creating value from scarcity
MARKETING REVOLUTION: Every Christmas the toy companies play a wonderful trick on us parents that “forces” us to double the money we spend.
Commission meets with accountants
Accountants believe increased competitiveness and a better-regulated industry should follow from the Securities Commission’s commitment to meaningful dialogue with capital markets stakeholders.
URCA: Cable price increase 'not totally out of sync'
THE Utilities Regulation and Competition Authority (URCA) announced yesterday that it has commenced public consultation on the communications regulator’s review of Cable Bahamas’ proposed 27 per cent increase in its monthly charge for basic cable TV service.
Bahamians urged: Alter behaviour to revive economy
Bahamians must “change their behaviour patterns” to lift the economy out of the doldrums, a leading businessman arguing that based on per capita income most were “worse off than they were 20 years ago”.
Gulf Union recovery 'not less' than 45%
Liquidators for Gulf Union Bank (Bahamas) are predicting that depositors/creditors will recover “not less” than 45 per cent of what is owed to them, having reduced its insolvency by $5.836 million over the past 14 years.
