Cable Bahamas 'absolutely' targeting cellular markets'
CABLE Bahamas is "absolutely" still interested in breaking into the cellular market once the Bahamas Telecommunications Company's (BTC) monopoly ends in 2014-2015, given that it aims to be this nation's communications provider of choice.
Major conference returns to Atlantis
THE Caribbean Hotel & Tourism Association (CHTA) is returning to the Bahamas after choosing Atlantis as the host venue of Caribbean Travel Marketplace 2013, it was announced yesterday.
Robot boost for Shipyard speed
ROBOTIC blasting is now being used at the Grand Bahama Shipyard to speed up work. Training began a few weeks ago, teaching Bahamians to drive the highly technical environmental robot used for hull stripping.
PLP's $250m mortgage plan blasted
A LEADING Wall Street credit rating agency has blasted the newly-elected Progressive Liberal Party (PLP) government's proposed mortgage relief plan for "undermining" efforts to rein in the $4.356 billion national debt, warning that the scheme will likely cost Bahamian taxpayers $250 million to implement.
Road project '90% finished'
THE New Providence Road Improvement Project (NPRIP) is 90 per cent complete, Deputy Prime Minister and minister of works, Philip Davis, said yesterday,
Gov't warned: 'Don't renegotiate' BTC deal
THE newly-elected Progressive Liberal Party (PLP) government was yesterday warned not to renegotiate the Bahamas Telecommunications Company's (BTC) privatisation, London-based financial analysts telling Tribune Business such a move would be "pretty negative" and a potentially chilling signal to other foreign investors.
Baha Mar plant eyes $13m from local investors
THE developer of Baha Mar's proposed renewable energy plant is seeking to part-finance the project through raising $13 million in capital from Bahamian investors via a preference share issue, Tribune Business can reveal.
Electric vehicle 'playing field' uneven through 80% tariff
A BAHAMIAN importer/distributor yesterday urged the new government to use its upcoming Budget to create a 'level playing field' for electrical scooters, telling Tribune Business the existing 80 per cent import tariff made the product "uncompetitive".
Airline back 'bigger and better' at LPIA
AFTER being evicted from the Lynden Pindling International Airport (LPIA) more than one year ago, Cat Island Air is "two to three weeks" away from being back in operation, its owner telling Tribune Business yesterday: "It's going to be bigger and better."
Rum Cay 'expensive and difficult' to reach
RUM Cay's development is being hindered by the absence of scheduled airline service, a resort operator telling Tribune Business that $2,000 charter flights and a $30,000 price tag per shipping call deterred both visitors and investors.
Parties must translate their words into action
WELL, the general election of 2012 is finally behind us, and the Progressive Liberal Party (PLP) has won the mandate to govern for the next five years.
Benchmark shrugs off $2.5m loss via Q1 profit
BENCHMARK (Bahamas) yesterday attempted to put 2011's $2.5 million net loss behind it, as it generated a more than $338,000 swing to produce a modest $53,183 2012 first quarter profit.
High sulphur fuel raises dealer's truck prices $8k
ANOTHER Bahamian auto dealer is backing the call for the three oil companies to start importing low sulphur diesel fuel, telling Tribune Business it was costing his company an extra $8,000 to fit imported trucks with engines attuned to fuel sold in the Bahamas.
Bahamas 'near top of heap' through 10% demand rise
A 10 per cent increase in room demand over the past 12 months saw the Bahamas placed "near the top of the heap" in the Caribbean by a world-leading travel research firm, local hotel executives saying the findings "augur well for a good long-term future" for this nation.
$14m investment to revitalise Rum Cay
SOME $3-$4 million is expected to be invested in the initial phase of Guy Harvey Outpost's renovation of Rum Cay's Sumner Point Marina and Villas, with $10 million set to be pumped into the final two phases of the project.
