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Climate change exacerbates Bahamas’ major challenges
CLIMATE change is exacerbating the Bahamas’ challenges with food security, water scarcity and energy security, the Prime Minister said yesterday, over an issue that threatens this nation’s land mass.
Excise Tax snafu stymies start-up's 60 hires plan
A Bahamian-owned tobacco manufacturing start-up said yesterday it would pursue legal action as a “last resort” if it is unable to obtain an Excise Tax exemption on domestic sales, adding that its business model had been thrown “totally out of whack”.
'Internal brain drain'costs Bahamas $3.5bn
The Bahamas is losing nearly $3.5 billion to the “internal brain drain” caused by low worker productivity, a well-known eye doctor yesterday arguing this was having a greater economic impact than the loss of 61 per cent of tertiary-educated Bahamians to jobs abroad.
Maritime marriage revenues beating forecasts by 20%
Maritime mariages on Bahamian-registered vessels have generated 20 per cent more revenue than projected for 2014 to-date, the Attorney General telling Tribune Business that this nation has been approached by all the major cruise lines over this venture.
Union: City Markets behind over payroll
Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o
GDP boost from raising Bahamas' 60% net access
GDP boost from raising Bahamas' 60% Net access By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LESS than 60 per cent of Bahamian homes have Internet access, the Bahamas Telecommunications Company's (BTC) chief executive has said
$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
GOVT LIKELY TO SELL 40% PORT EQUITY STAKE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PRIME Minister Hubert Ingraham yesterday said he expects the Government to eventually sell its 40 per cent stake in Arawak Cay Port Development Company (APD), allowing the Nassau Co
'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
BAHAMAS 'PUNCHING WELL ABOVE WEIGHT' IN SHIPPING
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas "punches well above its weight" in the global maritime industry, the Bahamas Maritime Authority's (BMA) chairman saying yesterday that through its involvement with the I
Union 'not sitting idle' over Atlantis
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) is closely monitoring the Atlantis ownership situation, and is prepared to take legal action if necessary, its executiv
$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
Port IPO over $10m target
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Arawak Port Development (APD) initial public offering (IPO) has raised 'north' of the $10 million subscription target, Tribune Business was told yesterday, with interest reachin
CITY MARKETS NAME 'SHOULD HAVE DIED'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE City Markets name was what ultimately caused the struggling supermarket chain to fail to recover, a rival food retailer believes, telling Tribune Business that the Finlayson fam
CITY MARKETS CHIEF HOPING DEAL 'IMMINENT'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net and NEIL HARTNELL Tribune Business Editor CITY Markets' principal believes the acquisition of the struggling five-store supermarket chain by Super Value's owner and president, Rupe
KFC's union cancellation historic first
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The minister of labour yesterday said Kentucky Fried Chicken's (Nassau) move to cancel its 'voluntary recognition' of a trade union's 'bargaining agent' status marked the first time
Second shipping firm in fee rise
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A SECOND shipping company yesterday announced fee increases to offset the costs associated with its move to the new Arawak Cay port, with retailers telling Tribune Business any fre
KFC union concern on recognition precedent
KFC union concern on recognition precedent By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net KENTUCKY Fried Chicken's (Nassau) nine stores remained closed yesterday, although union executives told Tribune Business they had informe
GDP boost from raising Bahamas' 60% Net access
GDP boost from raising Bahamas' 60% Net access By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LESS than 60 per cent of Bahamian homes have Internet access, the Bahamas Telecommunications Company's (BTC) chief executive has said
Union: City Markets behind over payroll
Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o
