Buena Vista distillery still targets 150k visitors
THE Buena Vista Estate and micro rum distillery remains on track for a Christmas 2012 opening with its warehouse now 70 per constructed, the project's principals telling Tribune Business yesterday that they were still holding to "conservative" forecast of 150,000 visitors during its first full year.
Bahamian jobs squeezed by work permit expansion
EXPATRIATE workers at both ends of the spectrum are increasingly expanding into "jobs that can be done by Bahamians", a senior Bahamas Chamber of Commerce and Employers Confederation (BCCEC) executive told Tribune Business yesterday, a trend that has become evident during the recession.
E-commerce firm gains 18k clients
A BAHAMIAN e-commerce company is set to launch its online store next month, a company executive telling Tribune Business yesterday that it had attracted nearly 18,000 customers to its electronic and mobile commerce market so far.
Start-up success still the exception, not the rule
STARTING out is tough in many different ways. I still remember my first days at high school, and my first week at work. I was nervous the day I decided to propose to my wife. Is natural conservatism the reason for this reticence, I wonder, or could there be more to it. Is nature trying to tell us something?
Gov't projecting 5% revenue rise
MINISTER of State for Finance, Michael Halkitis, said yesterday that the Government is projecting an increase of about 5 per cent in recurrent revenue for the 2012-2013 fiscal year based on expected economic growth and improved revenue collection.
Youthful innovation shakes up real estate
FOR years, you could count on two hands the number of big names in real estate in the Bahamas. Chances are, if you followed the industry, you could recite them in alphabetical order.
Sanctioned broker eyeing Canada exit
A BAHAMIAN broker/dealer yesterday said it was assessing whether to re-domicile millions of dollars in assets, belonging to both itself and its clients, away from Canada due to concerns over a regulatory "domino effect" resulting from a recent ruling against it.
Minister brands $750k Out Island marketing spend as 'token change'
Minister brands $750k Out Island marketing spend as 'token change' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net TOURISM Minister Obie Wilchombe yesterday hit out at the $750,000 "token change" that his Ministry contributed to
$55m project: 'At least 60%' spent' with Bahamians
A $55 million, three-phase western New Providence real estate development yesterday said "at least 60 per cent" of its total investment had been injected into the Bahamian economy, with its final stage one of the few to buck the recession.
Grand Bahama needs more than 16-19% air arrivals rise
DESPITE a 16-19 per cent growth in Grand Bahama’s air arrivals, the minister of tourism said yesterday that the numbers could be much better and acknowledged the “lots of concern” about the performance of its largest resort, the Grand Lucayan.
Chamber chief: 'Bahamians first, but not at all costs'
WHILE "unequivocally" backing the Government's 'Bahamian First' policy, the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it had to avoid a work permit regime that "discourages industry or investment in the Bahamas".
Beating the fear within
ARE designers really frightened? Are they paralysed by the thought of wrapping their fingers around a mouse and starting that next big project?
Insolvency reform 'very significant' to financial services
INSOLVENCY law reforms will bring "very significant" benefits to the Bahamas' financial services industry, but a leading accountant called on the sector to "more aggressively" promote these and other positive changes to global markets.
$16m for roads project engineer
THE UK-based project management and engineering firm, Mott MacDonald, has been paid more that $16 million for supervisory services related to road building contracts in New Providence over the past 13 years, the Deputy Prime Minister said yesterday, adding that he was considering a different approach in the future.
$2.3m PMH upgrade now 'steaming ahead'
WORK on the $52.3 million Princess Margaret Hospital (PMH) Critical Care Block is "steaming ahead", Cavalier Construction's managing director telling Tribune Business yesterday that the project was about 30 per cent complete.
