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Insurer sees 38% fall from Summit
Summit Insurance blamed reduced real estate valuations for a 38.2 per cent year-over-year profits slump, as it focuses on “defending our book” in a year that will have “negative growth”.
AML chief: ‘Size of pie yet to be seen’
* Uncertainties over Xmas spending * Hopes December ‘uptick’ will persist * All retailers see October/November fall-off
BISX-listed AML Foods has warned that “the size of the pie” remains unknown when it comes to Bahamian consumer spending this Christmas. Gavin Watchorn, the group’s president and chief executive, told Tribune Business that while it was “very confident” of gaining its due share, the extent of holiday expenditure was difficult to predict given continued economic uncertainty and fragile confidence.
Bimini Big Game unveils new logo
THE Bimini Big Game Club Resort & Marina's owners have unveiled as new logo design that will represent the 51-room property in all future marketing and branding initiatives.
Bahamas ‘must get it right first time’ on tourism value
The Bahamas Hotel and Tourism Association’s (BHTA) president has warned that this nation will suffer reduced stopover arrivals unless its product value improves, adding: “We need to get it right first time.”
WATER CORP DISCONNECTS 5,400 IN '11
By NEIL HARTNELL Tribune Business Editor A net 5,435 customers were disconnected by the Water & Sewerage Corporation for non-payment in 2011, data supplied to Tribune Business reveals, even though reconnections reached their highest level for five years.
ZNS blasts Cable on ad 'dumping'
By NEIL HARTNELL Tribune Business Editor ZNS has alleged that Cable Bahamas' previous Channel 12 tie-up with a radio station owned by a former PLP Cabinet Minister was politically motivated, and an attempt to "cut a deal" with the Christie administration
URCA names its new chief
The Utilities Regulation and Competition Authority (URCA) has appointed Kathleen Smith as chief executive with effect from April 2, 2012. The appointment, which is for a five-year term concludes a competitive search begun in June 2011. Mrs Smith is an app
BAHAMIANS QUALIFY AS SANDALS BUTLERS
Nine Bahamians last week graduated from training at The Guild of Professional English Butlers, part of a move by Sandals Royal Bahamian to expand its butler staff. Some 21 butler rooms in its newly renovated Balmoral Towers will come on line soon. Patrick
BAHAMIANS QUALIFY AS SANDALS BUTLERS
Nine Bahamians last week graduated from training at The Guild of Professional English Butlers, part of a move by Sandals Royal Bahamian to expand its butler staff. Some 21 butler rooms in its newly renovated Balmoral Towers will come on line soon. Patrick
BAHAMIANS QUALIFY AS SANDALS BUTLERS
Nine Bahamians last week graduated from training at The Guild of Professional English Butlers, part of a move by Sandals Royal Bahamian to expand its butler staff. Some 21 butler rooms in its newly renovated Balmoral Towers will come on line soon. Patrick
PM says: ‘Make best of bad situation’ on VAT
A “very conciliatory” Prime Minister Perry Christie has urged the private sector to “make the most of a bad situation” on Value-Added Tax (VAT) and its implementation, Tribune Business can reveal.
Gov’t braces for tax breaks legal battle
The Government was last night bracing for an outspoken QC’s latest Judicial Review salvo, after it missed his deadline to provide “an undertaking” that no decisions will be taken on Freeport’s tax and economic regime.
Sixty-day termination notice ‘recipe for woe’
The National Tripartite Council’s co-chairman has branded the proposed ‘60-day advance notice’ that employers must give of impending redundancies as “a recipe for putting your business in trouble”.
‘The s*** has hit the fan’
The Bahamian economy is paying the price for the Government’s “financial disasters” in attempting to run businesses, a leading executive blasting yesterday: “The s* has hit the fan.”
Bank payment charges need ‘legitimate redress’
THE Central Bank yesterday appeared to concede that fees for payment services were too high and “require legitimate redress”, a view shared by 78 per cent of Bahamians.
CABLE TO 'REVOLUTIONISE' COMMUNICATIONS SECTOR
By NEIL HARTNELL Tribune Business Editor Cable Bahamas' chairman has pledged to "revolutionise" the Bahamian communications industry through being the first 'Triple Play' service provider, the company's net income for the nine months to end-September ris
CABLE TO 'REVOLUTIONISE' COMMUNICATIONS SECTOR
By NEIL HARTNELL Tribune Business Editor Cable Bahamas' chairman has pledged to "revolutionise" the Bahamian communications industry through being the first 'Triple Play' service provider, the company's net income for the nine months to end-September ris
Entertainment 'loses its way'
By NEIL HARTNELL Tribune Business Editor The Bahamian entertainment industry has "lost its way", a leading musical entrepreneur charged yesterday, blaming factors such as a decline in standards among sector players and the 'unfair competition' posed by g
Price control proposal like ‘Gestapo tactics’
The Bahamas Chamber of Commerce (BCCEC) warned yesterday that any Government move to force businesses to reduce prices in line with import duty cuts would be akin to “economic dictatorship” and “Gestapo tactics”.
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
