WTO vital to protect Bahamas from 'abuse'
THE Bahamas' lead World Trade Organisation (WTO) negotiator "can't imagine" that the next government would fail to complete the process of achieving full membership, arguing that this was vital to preventing other nations from "abusing" this country and its private sector.
Manage to lead with full integrity
QUESTIONS about ethical and moral behaviour in leadership are probably being asked around the country, particularly as we prepare for the electoral process.
8% revenue rise maintains Nassau hotels upswing
THE 14-property Nassau/Paradise Island hotel industry last night reported an 8 per cent year-over-year room revenue increase for March 2012, with average daily room rates (ADRs) and occupancies both up on 2011 levels.
Oil’s economic significance is ‘being ignored’
The Bahamian people should determine whether ventures such as oil exploration/drilling should be explored in this nation’s water, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman saying the issues at stake were much wider than those presently being discussed.
Severance pay for City Markets 'moot'
A RECENT Supreme Court decision involving a group of former City Markets employees in Freeport has made the issue of severance pay for former Nassau staff a "moot point," according to an attorney involved in the matter.
$40m insurer 'outperforming market by considerable way'
ROYALSTAR Assurance's managing director yesterday told Tribune Business the general insurer had "outperformed everyone in the market by a considerable way" over the past nine years, although $1.4 million in net Hurricane Irene claims dropped its 2011 total comprehensive income by 15.7 per cent.
Atlantis occupancies up 6% points for Q1
ATLANTIS' occupancy levels were up by 6 per cent year-over-year "across the board" for the 2012 first quarter, Tribune Business was told yesterday, with the summer months set to be the recovery "proof in the pudding".
Revised Kerzner deal 'imminent'
A "CONSORTIUM" of lenders, rather than Brookfield Asset Management by itself, was last night said to be on course to "imminently" take over ownership of Kerzner International's Paradise Island resort, previous dissent from one of the 'middle' creditors having been quelled.
Ex-City Markets workersget $189k sale injunction
A GROUP of 10 former City Markets employees have obtained an injunction in the Supreme Court prohibiting the disposal of funds or assets worth $189,000 from the supermarket chain's pending sale to Super Value, according to court documents obtained by Tribune Business.
Bahamas carrier: 'More and more difficult' to get reinsurer backing
A LEADING Bahamian general insurer yesterday said it was "becoming more and more difficult" to attract reinsurance support for this market, although a reduction in competitive pressures meant this might ease somewhat.
Oil explorer tight-lipped on PM remarks
SENIOR officials at the Bahamas Petroleum Company were tight-lipped yesterday, following remarks by Prime Minister Hubert Ingraham that, if re-elected to office, the Free National Movement (FNM) would not permit oil drilling and exploration in Bahamian waters.
Making the transition from executive to entrepreneur
I CAME across the less-used term of Intrapreneur on TechCrunch the other day, and it certainly set me thinking. As might be expected when you think of it, Intrapreneurs work in larger organisations, where they spearhead projects such as new product lines and branches. This is, in fact, exactly what entrepreneurs do, too.
Agency to lower smallbusiness risk profiles
THE proposed agency to facilitate Bahamian small and medium-sized businesses will help to reduce their risk profiles, according to minister of state for finance, Zhivargo Laing, who said this will ultimately allow them greater access to capital.
Union fury over City Markets severance
TRADE union executives representing City Markets line-staff said yesterday that the food store chain's former employees were all entitled to their severance packages having been "effectively terminated", telling Tribune Business that legal action may be taken.
Symonette 'partner' in $15m hotel expansion
A major US-based resort developer/operator yesterday confirmed it had teamed up with Craig Symonette, brother of Deputy Prime Minister Brent Symonette, to expand an Eleuthera hotel via a $15 million first phase investment.
