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SANDALS EXPECTING 10% INCREASE IN BOOKINGS

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS Royal Bahamian is looking at a 10 per cent increase in bookings, says general manager Patrick Drake. After investing almost $21 million into the restoration of the Manor bui

AIRLINE '90 PER CENT COMPLETE' ON $4.5-$5 MILLION PROJECT

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WESTERN Air chief executive, Rex Rolle, said yesterday that construction on the airline's new terminal and maintenance facility in Freeport is "about 90 per cent" complete, telling

FNM deputy questions Mortgage Relief ‘sense’

The Christie administration’s revised Mortgage Relief Plan does not make much sense “on the face of it”, according to the Opposition’s finance spokesman, who questioned what return the Government would get for its $20 million ‘investment’.

AUTHOR TARGETS $500M MARICULTURE INDUSTRY

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamian economy sector could receive a $500 billion annual injection should the country move towards establishing a mariculture industry, an accountant and author telling Trib

AUTHOR TARGETS $500M MARICULTURE INDUSTRY

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamian economy sector could receive a $500 billion annual injection should the country move towards establishing a mariculture industry, an accountant and author telling Trib

Gas retailers fear oil price 'beating'

Gas retailers fear oil price 'beating' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIAN petroleum retailers yesterday said they feared "a beating" from global oil prices that have surged back over $100 per barrel, due to

Activist slams Shell LNG deal as ‘regressive step’

A WELL-known environmentalist yesterday said the adoption of liquefied natural gas (LNG) as the Bahamas’ main power source is a “huge regressive step”, questioning why the Government was not aggressively pursuing solar energy.

'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

Correspondent de-risk threatening 25% of Bahamas institutions

The Central Bank’s chief inspector warned yesterday that 25 per cent of its licensees will find it “difficult” to maintain existing correspondent banking relationships, even though the Bahamas has not been exposed to “wholesale vulnerability” yet.

STRAW VENDORS SEE '200% SALES RISE' ON WHARF

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net STRAW vendors said yesterday that their greater visibility along Prince George Wharf has increased sales volumes, with one vendor telling Tribune Business business was "200 per cent

BAHAMAS AND CANADA TIEA 'WILL CEMENT RELATIONSHIP'

THE Tax Information Exchange Agreement (TIEA) between the Bahamas and Canada which came into force last week "will further cement the relationship between the two countries" it was stated yesterday. In a bulletin from the law firm of Higgs and Johnson it

BAHAMAS AND CANADA TIEA 'WILL CEMENT RELATIONSHIP'

THE Tax Information Exchange Agreement (TIEA) between the Bahamas and Canada which came into force last week "will further cement the relationship between the two countries" it was stated yesterday. In a bulletin from the law firm of Higgs and Johnson it