WTO: Bahamas has 'considerable work'
THE Bahamas has "considerable work" to do in making its business/trading regime compliant with World Trade Organisation (WTO) rules, with this nation's negotiating team having undergone a recent grilling in Geneva on various aspects of its existing rules.
Lyford Hills developer targeting 6-9 months for Phase I 'sell out'
THE lead developer of Lyford Hills said yesterday he hoped to sell out Phase I of the project in the next six-nine months, telling Tribune Business that interest in the development had picked up in the last few weeks.
Direct at the main target
I BELONG to a marketing association where the guru we follow, Dan Kennedy, has been insisting that everyone should be using direct mail to a greater degree. He's been writing about direct mail for years, but I, like the majority of his clients, have consistently ignored him. The good part of that is it allowed me to really master the Internet and social media, which can deliver faster results.
$2m verdict for City Markets management
AS Super Value moves ahead with its takeover of three former City Markets locations, employees of the former food retailer are still anxiously awaiting their severance packages, an executive telling Tribune Business yesterday: "The severance packages should be automatic under the laws of the Bahamas."
URCA confirms probe into BTC system outage
THE Utilities Regulation & Competition Authority (URCA) last night confirmed it was investigating the June 18-19 network outages that hit the Bahamas Telecommunications Company's (BTC) fixed-line and cellular services, giving the carrier until July 9 to produce "a detailed report" on the affair.
Fidelity's consolidation boost for the Bahamas
THE Nassau-headquartered Fidelity Group of Companies is moving to "centralise back office operations" in the Bahamas, Tribune Business was told yesterday, with staff costs and quality here said to be "far better or superior" to the other territories it operates in.
Property Fund in 'waiting game' via 20%+ vacancies
VACANCY rates of more than 20 per cent at its two main properties have left the BISX-listed Bahamas Property Fund in "a waiting game", its administrator said yesterday, with its bottom line "not going to change much" until new tenants were attracted.
Baha Mar 'bids' $160m to Bahamian companies
BAHA MAR executives said yesterday that $550 million had been invested into the $2.6 billion development to-date, with $130 million thus far awarded to Bahamian firms.
Bank: E-platform can 'equal' credit for profit share
BANK of the Bahamas International's managing director yesterday said its business e-commerce platform had the potential to "equal" the contribution its loan portfolio made to its bottom line, telling Tribune Business the facility was expected to be "profitable from year one".
Fidelity 'expects' to beat $4m net profits for 2012
FIDELITY Bank (Bahamas) is "comfortable" with projections that its 2012 full-year net income will exceed last year's $3.844 million, yesterday telling Tribune Business it expected its bottom line to increase quarter-over-quarter throughout this current financial year.
No approval yet on 'revolutionary' Baha Mar system
BAHA MAR yesterday affirmed its backing for the proposed "revolutionary" $102.3 million Seawater District Cooling (SDC) system that will supply 90 per cent of its air conditioning needs, but said the Government had given the project no license or approval.
87% of hotels not accepting online card payments
SOME 87 per cent of small Bahamian hotels in the Family Islands are not realising their potential because they do not accept credit card booking payments online, Bahamas Hotel Association (BHA) president, Stuart Bowe, said yesterday.
Bahamas urged to lobby over FATCA
A SENIOR US policy analyst and lobbyist yesterday shot down the notion that the Foreign Account Tax Compliance Act (FATCA) was "here to stay", calling the impending legislation an invasive plan to "put everybody in a financial fish bowl".
CLICO liquidator blasts $52m Trini 'harassment'
CLICO (Bahamas) liquidator has blasted the information demand served on himself by the insolvent insurer's Trinidad affiliate, as "harassment", describing it as "utterly meritless" and a "blatant effort to circumvent" Bahamian court proceedings.
Ex-BEC chairman: Tariff cut return will 'spell disaster'
THE Bahamas Electricity Corporation's (BEC) former executive chairman believes it is "vitally important" for the new government and Board to pick up where he and their predecessors left off, warning that a return to the tariff-cutting policies of 2002-2007 would "spell disaster".
