10,000 passengers daily for airport
NASSAU Airport Development (NAD) officials reported 'strong' passenger numbers during the Easter holiday weekend, after bracing for the impact of a strike initiated during the peak travel period by Customs and Immigration officers.
Insurance ensures 'no fiscal risk' from PLP mortgage plan
A LEADING architect of the Progressive Liberal Party's (PLP) mortgage relief plan is arguing that its so-called $105 million 'funding gap' would be covered by insurance, ensuring the Bahamas' "national financial position is not put at risk".
Kerzner 'never received offer of any merit'
KERZNER International (Bahamas) managing director yesterday dismissed the surprise reemergence of a group that made a $3.4 billion offer in October 2010 to acquire the Atlantis and One & Only Ocean Club, telling Tribune Business the company had "never ever received an offer of merit".
Substance, not style, is the election's real deal
Without a doubt, for the next several weeks the Bahamas will be fully consumed by election fever. The Free National Movement (FNM) has announced that it has completed its parliamentary ag
Port chair pledges to address 'vitally important' breaks
THE Grand Bahama Port Authority's (GBPA) newly-confirmed chairman yesterday pledged to address Freeport's "critically important" Business Licence and real property tax exemptions, due to expire in 2015, with the Governmsent once the election was over.
Super Value chief: Prices up 2-3% with new Port
SUPER Value's owner yesterday warned the price of many grocery items is likely to increase by at least 2-3 per cent, having been told that freight rates will rise by 10 per cent due to the new/revised charges being imposed by the Arawak Cay Port.
6m tourist target's big 'psychological value'
THE Bahamian tourism industry is reaping "huge psychological value" from visitor numbers tracking 10 per cent ahead of 2011 and on target to pass the six million mark for 2012, with April the first month "solidly ahead" of pre-recession comparatives.
Roberts: Abaco interests up 11%
SUPER Value's owner has told Tribune Business that Abaco has proven "more resilient" to the global recession than any other Bahamas island, with his interests on the island seeing an 11 per cent increase in business year-over-year.
External reserves 'run-off' in 2012 no major concern
External reserves 'run-off' in 2012 no major concern By NEIL HARTNELL Tribune Business Editor While the Central Bank of the Bahamas is expecting "some run-off" in the nation's external reserves, its governor yesterday told Tribune Business any drop woul
Superwash hit by $400-$500k fire 'curve ball'
SUPERWASH president Dionisio D'Aguilar yesterday said his laundromat chain could lose $400,000-$500,000 in revenue due to a fire that destroyed the roof of one of his locations, telling Tribune Business: "It's definitely a curve ball in our operations."
'Look after the pennies, and the dollars will come'
'Look after the pennies, and the dollars will come' By Simon Cooper Res Socius When businesses fail, the reason is usually cash flow or spending money they are not making. Some expenditure is unavoidable, such as replenishing stock and affording premise
Designing for a contract success
NOTHING can teach us what should be in a business contract more than experience.
Finlayson slams pension lawsuit
CITY Markets principal, Mark Finlayson, yesterday slammed a lawsuit alleging that "all or most of the funds" in the supermarket chain's staff pension plan had been disposed of, telling Tribune Business: "I have never done anything contrary to the laws of the Trust".
Royal Bank slams lawsuit involving Bahamas unit
THE ROYAL Bank of Canada (RBC) has rejected allegations by US regulators that it devised a "massive wash trading scheme", branding them as "unwarranted".
Further air traffic action 'catastrophic'
AIRLINE operators and Lynden Pindling International Airport (LPIA) officials yesterday said any further industrial action affecting air traffic over the Easter weekend would be "catastrophic", as they brace for heavy passenger numbers.
