Cable fearing 'competitive disadvantage' on URCA code
CABLE Bahamas has warned that the proposed Code of Practice regulating TV content places it at "a competitive disadvantage" against satellite TV providers, while arguing that it is impossible for it to control what is shown on the overseas cable channels it purchases.
45% FDI growth in 2011 exposes 'diversity' need
DESPITE the Bahamas seeing a 45 per cent increase in foreign direct investment (FDI) to $840 million during the first nine months of 2011, a senior private sector official yesterday said this nation needed to divert more capital into industries long "devoid of any focus".
Bahamas 'better positioned than Caribbean' over hotel investment
THE Bahamas is better-positioned than the rest of the Caribbean to attract inward investment and financing for resort development, a leading accountant yesterday telling Tribune Business projects such as Baha Mar's would be "a waste of time" without supporting infrastructure "capacity".
3-4% deficits are'becoming norm'
A former finance minister yesterday warned that fiscal deficits equivalent to 3-4 per cent of gross domestic product were "becoming the norm", after the Central Bank of the Bahamas revealed that it widened by $45.2 million or 27.6 per cent during the first eight months of the 2011-2012 Budget year.
PM: $37m BTCIPO 'soon' held
PRIME Minister Hubert Ingraham said yesterday that the $37 million initial public offering (IPO) of a 9 per cent stake in the Bahamas Telecommunications Company (BTC) will be held "soon", adding that his administration was proud of its record in creating a "vibrant" shareholding society.
How to crack the innovation code
IF YOU haven't heard of these two-dimensional Quick Response (QR) Codes yet, then you should be concerned - although much of the western business world still has to awaken to their potential, too. That tardiness is sometimes present when a seller offers me a business for sale to broker for them. In fact, when I come across a company lagging far behind in technology, I may even decline the offer. And that is 'case closed' - in my mind, at least - for the imperative to keep up with change.
Port's $15.2m Gladstone terminal open in '30 days'
THE Gladstone Road freight terminal is expected to be operational within the next 30 days, Arawak Port Development Company's chief executive said yesterday, adding that freight tariffs would have been 50 per cent higher if shipping facilities had been moved to the Clifton Pier port.
Cayman ensures BahamasFirst model 'makes sense'
Bahamas First's 33-37 per cent market share meant it needed to diversify risk concentration outside this nation to "make our business model work in the long-term",
Brewery unveils'strong Q1' with44% profits rise
Commonwealth Brewery is today unveiling a "strong first quarter" for 2012 with net income up 44.2 per cent year-over-year, its management team telling Tribune Bus
Brewery aims to be 'supplier of choice'
Commonwealth Brewery's newly-appointed managing director yesterday said he wants the BISX-listed company to become the Bahamas' alcohol "supplier of choice", noting that it
Gas retailer fearing'nail in coffin' after35-40% sales slump
A Bahamian petroleum retailer yesterday said he has seen sales at his station decline by 35-40 per cent over the last
New Texaco owner'like night and day'
TEXACO retailers yesterday expressed optimism over the way forward with their new wholesale distributor, one telling Tribune Business: "In ter
Graycliff growing 'across the board'
GRAYCLIFF is close to completing multi-million dollar upgrades and refurbishment of its West Hill Street property, while its US airport lounges continue to expand and sal
Retailers: Minor 'glitches' expected with new Port
MAJOR Bahamian retailers said yesterday that while minor logistical issues were expected with any new operation, they had not exp
BFSB enhances Brazil presence
Fourteen representatives from the Bahamas participated in the Brazil Investment Summit (BIS), an indication of the growing importance of the Brazilian market to the Bahamian financial services industry. BIS, Brazil's leadin
