BEC chairman: Renewable firm 'mischaracterised' RFP-end response
By NEIL HARTNELL Tribune Business Editor BEC's executive chairman has told Tribune Business that the Corporation's renewable energy tender (RFP) ended because no proposal met its required standards, adding that his answer on this had been "mischaracteris
$10m Port IPO hits the road
The roadshow for Arawak Cay Port Development's (APD) $10 million initial public offering (IPO), which kicked off last week, has received significant public interest, the company says. APD began the meetings at the Harry C Moore Library in Nassau, and the
Hotels target 'modest increase' for 2012 Q1
By NEIL HARTNELL Tribune Business Editor The Nassau/Paradise Island hotel industry is hoping to enjoy "a modest increase in all key metrics" for January and the 2012 first quarter, the Bahamas Hotel Association's (BHA) president last night pointing out t
Union: KFC 'sinking to the gutter'
Union executives yesterday accused management of Kentucky Fried Chicken (KFC) Nassau of "sinking to the gutter" over industrial agreement negotiations and "frustrating the process",
Caribbean firm to take over top tour destination
A leading New Providence tourist attraction is set to be transformed into a "first class destination" via an investment worth "millions" of dollars, Tribune Business can reveal, with its Bahamian owners set to sel
Families earning under $5K yearly increase by 83%
The number of Bahamian households surviving on less than $5,000 per year has increased by an "alarming" 83 per cent in the past four years, Department of Statistics data shows, indicating the recession has most im
Privatisation can 'hold Bahamas to ransom'
A leading activist yesterday urged the Government not to privatise the energy and water industries on the grounds that foreign buyers could "hold the Bahamas to ransom", adding that this nation had "not begun to s
Nassau hotels to 'hoist' ADR
The Nassau/Paradise hotel industry is aiming to "hoist" average daily room rates (ADRs) in 2012 to drive further room revenue increases, as nights sold and room revenue in December
25,000-acre dispute solution 'critical to 'thousands of jobs'
Resolving a long-running dispute that has tied up 25,000 acres of prime real estate is "critical" to potentially creating "thousands of jobs" and reversing Long Island's depopulation, a Court of Appeal ruling havi
Regulations delay key medical bill
HEALTH care providers yesterday said they were still awaiting word on when the proposed Medical Care Improvements Bill would be implemented, the minister responsible for the sector
Phil's: 'Enough to go around' in food retail
THERE'S "enough to go around" in the food retail business for everyone to turn a profit, according to Phil Lightbourne, owner of the Gladstone Road-based food retailer/wholesaler Ph
'Mixed bag': Auto sales 50% off peak
By NEIL HARTNELL Tribune Business Editor A leading auto dealer believes the industry will "eventually" recover to levels comparable to its 2007 peak, despite 2011's new car sales being almost 50 per cent down on that banner period in what was described a
Renewable energy firm 'sidelined' by BEC on tender
By NEIL HARTNELL Tribune Business Editor A renewable energy provider has told Tribune Business it felt "sidelined" by the Bahamas Electricity Corporation's (BEC) decision to close its open bidding process and then subsequently sign an agreement with Ocea
Wind farm targets 2013 'commission'
By NEIL HARTNELL Tribune Business Editor A renewable energy provider is looking to "commission" its Eleuthera wind farm by early 2013, having invested $250,000 in completing the first project phase involving the construction of a Meteorological tower. Th
AML chair: three food retail players likely to survive
By NEIL HARTNELL Tribune Business Editor The Bahamian food retail market will ultimately be dominated by just three major players, AML Foods' chairman telling Tribune Business in the wake of Robin Hood's demise that consolidation was "inevitable". Dionis
