Bacardi purchasers targeting $90m waste-to-energy plant
THE Bahamian investor group that acquired the former Bacardi factory has approached the Government about constructing a $90 million waste-to-energy plant at the southern New Providence site, its principal yesterday telling Tribune Business it aimed to slash electricity costs by "50 per cent or more".
Chamber backs oil exploration
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday backed permitting oil exploration in this nation's waters once regulatory safeguards were in place, telling Tribune Business potential earnings could "eliminate the National Debt in five years".
85% sold concert boosts Atlantis by 'several thosand' extra room nights
ATLANTIS is set to enjoy a "several thousand room night" boost this Memorial Day weekend, Kerzner International's Bahamas head yesterday telling Tribune Business that with 85 per cent of tickets already sold, the concert was on track for a sell-out.
Gov't urged to pass Small Business Bill
THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chief executive yesterday urged the Government to prioritise passing the Small and Medium-Sized Enterprises Development Bill left behind by the former Ingraham administration, saying this was "vital" to creating jobs and turning the economy around.
Don't discount service quality
CLASSIC economic theory suggests that prices gravitate to an optimum point where demand approaches supply. This is because, in theory, demand goes up as price goes down, and vice versa, as depicted in the graph shown here.
Bahamas can make 'substantial inroads' into $500m food bill
THE Bahamas "can definitely make significant inroads" into reducing its annual$500 million food import bill, the Bahamas Agricultural Producers Association (BAPA) president said yesterday, although the Government's stated goal of reducing it by 30 per cent over the next five years was "optimistic".
Promotion to boost private pilot traffic
AN 'island hop' incentive is being offered to private pilots in an effort to creater greater access to the Family Islands, a Bahamas Out Island Promotion Board executive telling Tribune Business yesterday that private aviation brought a considerable amount of business to the Bahamas.
'Very close' to Old Bahama Bay deal
THE owners/developers of some 500 acres at Grand Bahama's West End believe they are " very close" to reaching an agreement with the Old Bahama Bay Resort's 73 condo owners over the property's management, with talks also having been held over re-opening the area's airport.
Bahamas can be 'Atlantic air hub'
The Bahamas has the potential to become an "Atlantic transshipment hub" between Latin America and Europe, a senior KPMG executive believes, adding that this nation's "60 per cent GDP" tourism dependency meant it was bound to suffer more than other nations during the recession.
Moody's report slammed as 'too aggressive and inappropriate'
A LEADING architect of the Progressive Liberal Party's (PLP) mortgage relief plan yesterday slammed Moody's criticism of the scheme as "extremely aggressive and inappropriate", and urged the Government to "engage" the credit rating agency to ensure no "harm" was done to the Bahamas fiscal/investment reputation.
Cable Bahamas closing on 10k voice subscribers
CABLE Bahamas is approaching 10,000 subscribers for its ReVoice fixed-line voice service, its vice-president of sales and marketing said yesterday, telling Tribune Business it had achieved good market penetration.
Chamber chief: Beware campaign pledges impact
Chamber chief: Beware campaign pledges impact By NEIL HARTNELL Tribune Business Editor Wall Street's fears of a negative fiscal impact from the new government's $250 million mortgage relief plan shows just how careful Bahamian politicians have to be abo
How to tackle the SME conundrum
AFTER analysing the Bahamas' economic condition for the past three years, and reviewing reports by international agencies (Moody's, the World Bank, Standard & Poors), it is imperative that the public and private sectors focus on small and medium-size business (SME) development and economic diversification.
Bahamian firms urged to exploit US funding
SMALL business loans represented 87 per cent of the US Export-Import Bank's $33 billion credit portfolio last year, a senior US embassy official said yesterday, urging Bahamian companies to take advantage of its programmes to access additional capital for their enterprises.
Cable Bahamas in VOD 'breakthrough'
CABLE Bahamas Limited (CBL) yesterday launched its video-on-demand (VOD) platform, the company's vice-president of marketing and sales describing it as a significant "breakthrough" for the BISX-listed company in the television market.
