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GOVT EMPLOYEES TAKE $6.5M IN APD SHARE SUBSCRIPTIONS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net GOVERNMENT employees accounted for $6.5 million in share subscriptions in APD Limited's initial public offering, Tribune Business was told yesterday, with the IPO reaching just over
$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 TO 'BEAT' TARGET THROUGH 10% GROWTH
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamian tourism industry is set to "exceed" 2012 first quarter/Easter performance forecasts, with some hotels seeing 10 per cent year-
HOTELS TO 'BEAT' TARGET THROUGH 10% GROWTH
By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamian tourism industry is set to "exceed" 2012 first quarter/Easter performance forecasts, with some hotels seeing 10 per cent year-
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
Call to fix deficiencies in public health care system
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net DEFICIENCIES within the public health care system need to be fixed first before any consideration is given to a 'national health insurance scheme,' a doctor telling Tribune Business
$10-$12M PROJECT RESTARTS SALES AFTER YEAR-LONG HIATUS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BETWEEN $10-$12 million has been invested in the 281-lot South Seas subdivision to date, its developer said yesterday, telling Tribune Business that the project "didn't move as we a
$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
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.
‘Nothing to celebrate’ on $99m borrowing
The Opposition yesterday argued there was “nothing to celebrate” in the Christie administration’s revelation that it is only borrowing $99 million to fund the 2016-2017 fiscal deficit, its finance spokesman saying it had over-burdened Bahamians with taxes to achieve this.
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
ICTs cited as ‘enabler’ for sustainable cities
Information and Communications Technologies (ICT) can be used as ‘enablers’ to tackle environmental challenges and build sustainable cities, an adviser to the International Telecommunications Union (ITU) said yesterday.
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
Sandals proposes Bahamasair change
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS has been in discussions with Bahamasair over the airline adjusting its flight schedule into Exuma to facilitate more arrivals, a move which could translate into millions of
Sandals proposes Bahamasair change
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS has been in discussions with Bahamasair over the airline adjusting its flight schedule into Exuma to facilitate more arrivals, a move which could translate into millions of
DNA adviser pushes for tax, exchange reforms
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas should move towards changing its tax structure and explore an alternative system to exchange control, a well-known doctor and financial executive said yesterday. Dr Jona
$10m Port IPO oversubscribed before public sector advance
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE $10 million Arawak Cay Port Development (APD) initial public offering (IPO) was already oversubscribed prior to the Government offering an interest-free salary advance for civil
$64M INVESTED IN PORT TO-DATE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE ARAWAK Cay Port Development Company said yesterday $64 million has so far been spent for the port's construction and that of the inland break-bulk facility at Gladstone Road, it
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.
BEC receivables decline by 'millions of dollars'
BEC receivables decline by 'millions of dollars' By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas Electricity Corporation's (BEC) accounts receivables have gone down by the "millions of dollars" within the past four
