'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
Miller confident on Robin Hood replacement
By NEIL HARTNELL Tribune Business Editor Robin Hood's landlord yesterday told Tribune Business he is extremely confident about finding a replacement tenant for the closing retailer, describing the Summerwinds Plaza location as "second to none" and "the b
Bahamas could get marketplace again in 2013
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas could play host to the Caribbean Hotel and Tourism Association's (CHTA) Caribbean Marketplace summit again next year, the organisation's president, Josef Forstmayr told
Chamber chief in jump start concern
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WITH the recent launch of the Government's Jump-Start programme expected to foster entrepeunership, the Bahamas Chamber of Commerce and Employer's Confederation's (BCCEC) chairman h
GROWTH FOCUS 'LATITUDE' VIA AML'S $10M PREF RESTRUCTURE
By NEIL HARTNELL Tribune Business Editor AML Foods says its latest preference share restructuring has given it "a tremendous amount of latitude" to focus on growth opportunities, having raised a further $4.28 million in capital and reduced dividend (inte
AML TO INVEST $3-4M IN NEW FRANCHISE DEAL
By NEIL HARTNELL Tribune Business Editor AML Foods is planning to invest $3-$4 million over the next five years in building its new Carl's Jr franchise to a five-store chain, a business projected to generate an annual $15 million top-line at full build-o
QC SAYS CUSTOMS LATEST FREEPORT MOVE 'DEMENTED'
By NEIL HARTNELL Tribune Business Editor A leading QC has questioned the Government's sanity in allowing Customs to further attack Freeport's 'bonded goods' economy, arguing that their latest actions risked taking the Bahamas' second city back to the "wa
BAHAMAS TO BECOME 'CRUISE NO.1' IN 2012
By NEIL HARTNELL Tribune Business Editor The Bahamas is expected to "exceed" and surpass Cozumel as the Caribbean's leading cruise destination if it maintains its current growth rate, the minister of tourism said, with 2011 stopover visitors to this nati
'LOT OF ABUSE' IN WELFARE SYSTEM
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas' social security system has been subjected to "a lot of abuse", the minister responsible has admitted, acknowledging that welfare assistance was not always being given t
DEGREES OF QUALIFICATION
By Ian Ferguson The debate over whether businesses need to employ the highly qualified over the highly experienced has been going on for generations. Industry has for sometime sent very conflicting messages to young people, and some dialogue surrounding
BISX TO 'KICK OFF'MICRO LISTING TIER
By NEIL HARTNELL Tribune Business Editor The Bahamas International Securities Exchange (BISX) is looking to "kick off" its long-planned micro listing facility during the 2012 first quarter, Tribune Business can reveal, with investment bankers anticipatin
Marathon to 'easily exceed' 2,000 resort room nights
By NEIL HARTNELL Tribune Business Editor Marathon Bahamas organisers yesterday said hotel room nights generated by visiting athletes and their relatives would "easily exceed 2,000", with "one of the nation's leading sports tourism events" providing a muc
