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BPC undertaking further studies to prepare to spud

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A BAHAMAS-BASED oil exploration company has spent almost $50 million on its oil exploration efforts here in the Bahamas thus far, its chief operating officer noting that while a rev

NIB 1% RATE IS RISE PROPOSED

By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A recommendation to increase the National Insurance Board (NIB) contribution rate by one percentage point to 10.8 per cent has been lodged

NIB 1% rate is rise proposed

By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A recommendation to increase the National Insurance Board (NIB) contribution rate by one percentage point to 10.8 per cent has been lodged

Region falls back over aquaculture

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Caribbean is far behind the rest of the world in developing aquaculture, the executive director of the Caribbean Regional Fisheries Mechanism (CRFM) telling Tribune Business tha

GOVT, AVIATION UNION URGED TO RESOLVE OUTSTANDING ISSUES

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A LEADING Bahamian aviation executive yesterday urged the government and the air traffic controllers union to 'look at the bigger picture' and resolve their outstanding issues, stat

GOVT, AVIATION UNION URGED TO RESOLVE OUTSTANDING ISSUES

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A LEADING Bahamian aviation executive yesterday urged the government and the air traffic controllers union to 'look at the bigger picture' and resolve their outstanding issues, stat

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

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

Bahamasair to unveil new fleet 'within 30 days'

Bahamasair expects to unveil the "change-out" of its Dash-8 dominated aircraft fleet within the next 30 days, a move it hopes will slash maintenance and operational costs.

Better links to 15% Out Island cruise rise goal

Better links to 15% Out Island cruise rise goal By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WHILE CRUISE arrivals to the Family Islands grew by 15 per cent in 2011, the minister of tourism and aviation yesterday said he want

BEC EYES 'BREAK EVEN' FOR 2011

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas Electricity Corporation's (BEC) 2011 bottom line performance is expected to be closer to "break even" than original $5 million projections, due to Hurricane Irene, but w

MARGIN RELIEF A 'SLOW PROCESS' FOR RETAILERS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net IT has been a "slow process" for the margin increase petroleum retailers received back in October to start showing itself, the Bahamas Petroleum Retailers Association (BPRA) preside

MARGIN RELIEF A 'SLOW PROCESS' FOR RETAILERS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net IT has been a "slow process" for the margin increase petroleum retailers received back in October to start showing itself, the Bahamas Petroleum Retailers Association (BPRA) preside

MARGIN RELIEF A 'SLOW PROCESS' FOR RETAILERS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net IT has been a "slow process" for the margin increase petroleum retailers received back in October to start showing itself, the Bahamas Petroleum Retailers Association (BPRA) preside

MARGIN RELIEF A 'SLOW PROCESS' FOR RETAILERS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net IT has been a "slow process" for the margin increase petroleum retailers received back in October to start showing itself, the Bahamas Petroleum Retailers Association (BPRA) preside

MINISTER ADMITS NEED FOR NATIONAL FISCAL 'REBALANCE'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A government minister yesterday acknowledged that the Bahamas needed a fiscal"rebalancing" given its $4.25 billion national debt, with the Ingraham administration trying to nurture

Minister admits need for national fiscal 'rebalance'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A government minister yesterday acknowledged that the Bahamas needed a fiscal"rebalancing" given its $4.25 billion national debt, with the Ingraham administration trying to nurture

AUTO PARTS FIRM EYES $1.2M FREEPORT MOVE

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AN Abaco businessman yesterday revealed he plans to invest between $1-$1.2 million in expanding his auto parts business to Freeport, telling Tribune Business it would become the dis

AUTO PARTS FIRM EYES $1.2M FREEPORT MOVE

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AN Abaco businessman yesterday revealed he plans to invest between $1-$1.2 million in expanding his auto parts business to Freeport, telling Tribune Business it would become the dis

$1.3bn borrowing is 'extraordinary'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Government's "extraordinary borrowing" of $1.3 billion in the last four-and-a-half years was essential to mitigating the recession's impact on the Bahamian economy, the minister