Getting a direct client response
MY son could recognise the Golden Arches of McDonald's from the time he was two.
IMF's 2.5% Bahamas growth is 'a stretch'
THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it would "really be a stretch" for the Bahamian economy to achieve the newly-released International Monetary Fund's (IMF) projected 2.5 per cent GDP growth rate for 2012, unless it and the Government knew something 'outsiders' did not.
$12m NIB pensions to increase by 4.6%
THE National Insurance Board (NIB) pays out about $12 million monthly in long-term pensions, its director, Algernon Cargill, saying yesterday that their 4.6 per cent increase to come in July was "good news" for recipients.
Water cut-off/fees battle tears apart resort project
A FURIOUS battle between several homeowners and the developer at an Exuma-based real estate/tourism development has broken out, Tribune Business can reveal, with the Water & Sewerage Corporation caught in the middle over claims its failure to provide an alternative water supply is "damaging the image of the Bahamas" in investor eyes.
Project's $400m 'game changer'
THE proposed trade market for Freeport is projected to have an annual $400 million economic impact and create between 6,000-8,000 total jobs, one of its directors telling Tribune Business yesterday that it would be a "game changer for the entire Bahamas".
$50-$60m resort project's 'humungous advantage'
AN Eleuthera-based resort project's chairman yesterday said between $50-$60 million had been invested in its build-out over the past seven-eight years, telling Tribune Business the absence of any bank debt had given it "a humungous advantage".
TOURISM BODY'S GROWTH GOAL 'AT BOTTOM OF RANGE'
THE World Travel and Tourism Council's (WTTC) growth projections for the Bahamian tourism industry over the next decade are towards "the bottom" of the likely expansion range, the minister of tourism and aviation said yesterday, adding that this nation had "some ways to go" to reach iots potential.
Wilson says $11m bond ruling 'not devastating'
COTTON Bay's chairman yesterday said the Supreme Court verdict that rejected its $11 million performance bond claim against CIBC FirstCaribbean International Bank (Bahamas) would "not be devastating" for the project, adding that he had emerged with his personal reputation intact.
Customs union adviser in call for 'urgency'
ATTORNEY Obie Ferguson yesterday said the decision by Labour minister Dion Foulkes to simply refer the dispute involving the Bahamas Customs, Immigration and Allied Workers Union (BCIAWU) to the Industrial Tribunal was "not adequate", telling Tribune Business the matter also needed to be expedited given its sensitivity.
Bank's $11m bond claim win over Wilson-chaired project
A FRANKLYN Wilson-chaired Eleuthera resort development has seen its efforts to enforce $11 million worth of performance bonds rejected by the Supreme Court, which ruled that there was a "pre-ponderance of evidence" to show they were not valid and binding against FirstCaribbean International Bank (Bahamas).
Key CLICO asset in $13.27m deal
CLICO (Bahamas) liquidator has agreed a $13.267 million deal to sell one-third of the remaining land at the insolvent insurer's main asset, having enticed back a former prospective purchaser who pulled out of a much larger deal.
BTC warns on 'up to 60%' price cuts
THE Bahamas Telecommunications Company (BTC) has warned that preliminary efficiency targets set for it by the industry regulator could force it to reduce wholesale prices "by up to 60 per cent", something that would "substantially damage" its ability to finance existing operations and investment in new services.
Wednesday targeted for City Market close
CITY Markets principal has told Tribune Business that a deal to sell the supermarket chain's remaining four stores to Super Value had been finalised, adding that attorneys still sorting out the paperwork had suggested it might close on Wednesday.
Checking worker negative attitudes
MOST employers will admit that finding employees with a positive attitude is a most difficult thing to do.
Stopover visitors to hit 1.88m by 2022
THE BAHAMIAN tourism industry's 2012 GDP contribution growth was yesterday forecast to exceed the next decade's average by hitting 3.1 per cent, with stopover arrivals projected to increase by around 500,000 over the next 10 years ti hit 1.883 million.
