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'Mixed bag': Auto sales 50% off peak
By NEIL HARTNELL Tribune Business Editor A leading auto dealer believes the industry will "eventually" recover to levels comparable to its 2007 peak, despite 2011's new car sales being almost 50 per cent down on that banner period in what was described a
Investor group eyeing $20-$30m water sales
Investor group eyeing $20-$30m water sales By NEIL HARTNELL Tribune Business Editor The investor group that acquired the former Bacardi plant believes its ECH2O bottled water brand can generate $20-$30 million in annual sales in five to six years time,
Developer seeks $10m in new equity finance
The developers behind Eleuthera’s French Leave Resort and Marina yesterday said they were “cautiously optimistic” about securing an additional $10 million in equity financing to fund the build-out of 20 more villas.
'Missing link' to grow BORCO revenue $20m
'Missing link' to grow BORCO revenue $20m By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) revenues could increase by up to $20 million per annum due to its owner creating "a critical link" between its Bahamian and US
'Missing link' to grow BORCO revenue $20m
'Missing link' to grow BORCO revenue $20m By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) revenues could increase by up to $20 million per annum due to its owner creating "a critical link" between its Bahamian and US
'Missing link' to grow BORCO revenue $20m
'Missing link' to grow BORCO revenue $20m By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) revenues could increase by up to $20 million per annum due to its owner creating "a critical link" between its Bahamian and US
BREAK FINANCIAL 'STATUS QUO' VIA 23% GDP GOAL
By NEIL HARTNELL Tribune Business Editor The financial services industry's direct GDP contribution could grow to 22-23 per cent within five-seven years if the Bahamas was bold enough to break with the "status quo" position it has maintained for the past
Bahamas faces major tax, exchange control shake-up
The Bahamas may have to completely overhaul its corporate and taxation structure to escape European Union/OECD ‘blacklisting’ threats, the Attorney General revealed yesterday.
BAHAMAS 'UNAWARE' OF FINANCIAL 'WATCH LIST' PLACEMENT
By NEIL HARTNELL Tribune Business Editor A government minister last night said the Ingraham administration "was not aware of any international concerns" relating to the Bahamian financial services industry, after reports surfaced that this nation had bee
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.
Baha Mar casino hotel at '20 storeys' by year-end
By NEIL HARTNELL Tribune Business Editor The casino hotel for the $2.6 billion Baha Mar project could "be as high as 20 storeys" by year-end, Tribune Business was told yesterday, with work on the core "superstructure" 50 per cent complete by that point.
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
Sky mulls US pull back after 15-20% loads
By NEIL HARTNELL Tribune Business Editor Sky Bahamas is "reviewing daily" whether it will reduce its US flight schedule or withdraw from that market completely, its president telling Tribune Business yesterday that load factors on some flights were down
Sky mulls US pull back after 15-20% loads
By NEIL HARTNELL Tribune Business Editor Sky Bahamas is "reviewing daily" whether it will reduce its US flight schedule or withdraw from that market completely, its president telling Tribune Business yesterday that load factors on some flights were down
PM 'elated' over 75% Our Lucaya occupancy level
By NEIL HARTNELL Tribune Business Editor The Prime Minister said he was "elated" upon learning that Our Lucaya's current occupancy levels were at 75 per cent, adding that an owner other than Hutchison Whampoa would likely have closed the Freeport resort.
Airline's 18% fee cost rise in three years
Airline's 18% fee cost rise in three years By NEIL HARTNELL Tribune Business Editor A leading Bahamian-owned airline yesterday said its fee costs had increased by a cumulative 18 per cent over the past three years, saying the charges levied by various a
Profits triple as BAF's 'sleeping giant awakes'
Profits triple as BAF's 'sleeping giant awakes' By NEIL HARTNELL Tribune Business Editor BAF Financial's owners believe they have "awoken the sleeping giant" during their first five years at the helm, "tripling profits" and doubling total assets to $150
OUTRAGE OVER UK'S 8% 'AIRLIFT TAX' RISE FOR THE CARIBBEAN
Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012 increasing airlift (access) costs to the Bahamas for Europe
Outrage over UK's 8% 'airlift tax' rise for the Caribbean
Outrage over UK's 8% 'airlift tax' rise for the Caribbean Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012
Outrage over UK's 8% 'airlift tax' rise for the Caribbean
Outrage over UK's 8% 'airlift tax' rise for the Caribbean Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012
