4% growth sees Out Island air visitors recover
4% growth sees Out Island air visitors recover By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net FAMILY Island air arrivals recovered to grow year-over-year by 4 per cent in December 2011, according to a report by the Ministry of
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
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
Over 500 sign up for BEC relief plans
Over 500 sign up for BEC relief plans By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The BAHAMAS Electricity Corporation's (BEC) executive chairman said yesterday it was too early to tell what impact the Government's assistance
Financial sector: Dual citizenship 'loophole' fears
Financial sector: Dual citizenship 'loophole' fears By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Dual citizenship issues are a "loophole" in the US Foreign Account Tax Compliance Act (FATCA), a Bahamian attorney said yesterd
BAHAMASAIR TO SLASH GB AIR FARES BY 50%
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Bahamasair is expected to begin a full schedule service between Grand Bahama and five US cities in two-and-a-half weeks' time, the Ministry of Tourism's director-general yesterday s
Healthy job prospects need better awareness
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net "Phenomenal" employment opportunities exist for Bahamians in healthcare and allied industries, a leading doctor said yesterday, noting that the sector currently relies on a signific
AG GIVES TIMELINE ON INSOLVENCY REFORMS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AMENDMENTS to the Bahamas' insolvency regime are expected to be implemmented in a month's time, Attorney General John Delaney said yesterday, adding that the amendments will allow f
BAHAMAS TARGETS 15 AIRLINE MEETS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIAN tourism and airport executives are expecting to meet with 15 airlines at this year's Routes Americas conference, according to tourism director-general David Johnson, who sa
BAIC: 95% OF INDUSTRIAL PARK TENANTS IN DEFAULT
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net NINETY-FIVE per cent of tenants at the Bahamas Agriculture and Industrial Corporation's (BAIC) Soldier Road Industrial Park are delinquent on rental payments, the park's manager has
BAHAMAS TARGETS 15 AIRLINE MEETS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIAN tourism and airport executives are expecting to meet with 15 airlines at this year's Routes Americas conference, according to tourism director-general David Johnson, who sa
BAIC: 95% OF INDUSTRIAL PARK TENANTS IN DEFAULT
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net NINETY-FIVE per cent of tenants at the Bahamas Agriculture and Industrial Corporation's (BAIC) Soldier Road Industrial Park are delinquent on rental payments, the park's manager has
BAHAMAS TARGETS 15 AIRLINE MEETS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMIAN tourism and airport executives are expecting to meet with 15 airlines at this year's Routes Americas conference, according to tourism director-general David Johnson, who sa
BAIC: 95% OF INDUSTRIAL PARK TENANTS IN DEFAULT
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net NINETY-FIVE per cent of tenants at the Bahamas Agriculture and Industrial Corporation's (BAIC) Soldier Road Industrial Park are delinquent on rental payments, the park's manager has
KFC's union cancellation historic first
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The minister of labour yesterday said Kentucky Fried Chicken's (Nassau) move to cancel its 'voluntary recognition' of a trade union's 'bargaining agent' status marked the first time
ROAD PROJECT OPPONENTS REVIVE COMPENSATION BID
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net ALL businesses impacted by the New Providence Road Improvement Project (NPRIP) will be invited to join a Supreme Court action seeking compensation from the Government, the head of t
GOVERNMENT CONTROLLED HEALTHCARE 'DISASTROUS'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE GOVERNMENT should not be the sole manager of a National Health Care system, a leading doctor telling Tribune Business that such a move could be "disastrous". Well-known urologis
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
KFC union concern on recognition precedent
KFC union concern on recognition precedent By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net KENTUCKY Fried Chicken's (Nassau) nine stores remained closed yesterday, although union executives told Tribune Business they had informe
Tourism chiefs happy with airline conference
Tourism chiefs happy with airline conference By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net TOURISM officials said yesterday they were pleased with delegate responses to the Routes Americas forum, telling Tribune Business the e
Five-day course trains Bahamian mediators
TEN Bahamians were trained to international mediation standards following a five-day course conducted for the first time ever in the Bahamas by the London School of Mediation. The training course was held between February 6-10 at the British Colonial Hilt
DOCTORS UNVEILS NEW BOARD APPOINTMENT
DOCTORS Hospital yesterday announced the appointment of Kerzner International executive,, Karen Carey, to its Board of Directors. Mrs Carey, who serves as senior vice-president of human resources at Kerzner International Bahamas, fills a position made vac
Law forces some scrap dealers out
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net NEW legislation governing the scrap metal industry has proven to be too onerous for at least one dealer who has quit the business, telling Tribune Business yesterday: "It was costin
KFC shut until industrial deal
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net RESTAURANTS (Bahamas), owner of Nassau's Kentucky Fried Chicken (KFC) franchise, said yesterday its nine locations would remain closed until an industrial agreement with its employe
Pawnbroker: Act deterring stolen goods
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net A LEADING pawnbroker said yesterday he had seen a noticeable decrease in the amount of stolen property brought to his business since new legislation governing the industry came into
BTC confident on end to 'nuisances'
BTC confident on end to 'nuisances' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net HAVING invested significant capital in its cellular network, the Bahamas Telecommunications Company's (BTC) vice-president of marketing, Marlon
Oil regulatory reforms ready
Oil regulatory reforms ready By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE MINISTER for the environment, Earl Deveaux, said yesterday that proposed amendments to regulations governing oil exploration in the Bahamas have be
Self-starter targeting more major projects
Self-starter targeting more major projects By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BAHAMAS Striping, a grant-winning company from the Ministry of Youth, Sports and Culture's Self-Starter Programme, is on its way to becom
GDP boost from raising Bahamas' 60% Net access
GDP boost from raising Bahamas' 60% Net access By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LESS than 60 per cent of Bahamian homes have Internet access, the Bahamas Telecommunications Company's (BTC) chief executive has said
BTC confident on end to 'nuisances'
BTC confident on end to 'nuisances' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net HAVING invested significant capital in its cellular network, the Bahamas Telecommunications Company's (BTC) vice-president of marketing, Marlon
Union: City Markets behind over payroll
Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o
GDP boost from raising Bahamas' 60% Net access
GDP boost from raising Bahamas' 60% Net access By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LESS than 60 per cent of Bahamian homes have Internet access, the Bahamas Telecommunications Company's (BTC) chief executive has said
BTC confident on end to 'nuisances'
BTC confident on end to 'nuisances' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net HAVING invested significant capital in its cellular network, the Bahamas Telecommunications Company's (BTC) vice-president of marketing, Marlon
Union: City Markets behind over payroll
Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o
Smaller contractors 'struggle to get crumbs'
Smaller contractors 'struggle to get crumbs' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MANY smaller Bahamian contractors are struggling to find work, with one telling Tribune Business yesterday they "can't even get crumbs
'Some progress' in KFC dispute
'Some progress' in KFC dispute By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LABOUR Minister Dion Foulkes told Tribune Business yesterday that "some progress" had been made in industrial agreement talks between Restaurants (B
Smaller contractors 'struggle to get crumbs'
Smaller contractors 'struggle to get crumbs' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MANY smaller Bahamian contractors are struggling to find work, with one telling Tribune Business yesterday they "can't even get crumbs
'Some progress' in KFC dispute
'Some progress' in KFC dispute By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LABOUR Minister Dion Foulkes told Tribune Business yesterday that "some progress" had been made in industrial agreement talks between Restaurants (B
Smaller contractors 'struggle to get crumbs'
Smaller contractors 'struggle to get crumbs' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MANY smaller Bahamian contractors are struggling to find work, with one telling Tribune Business yesterday they "can't even get crumbs
'Some progress' in KFC dispute
'Some progress' in KFC dispute By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LABOUR Minister Dion Foulkes told Tribune Business yesterday that "some progress" had been made in industrial agreement talks between Restaurants (B
PORT IPO HOLDING $1,150 MAXIMUM
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MORE than 95 per cent of share subscriptions in the Arawak Port Development Company's (APD) $10 million initial public offering (IPO) were from individual investors, with subscripti
$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
10% APD GUARANTEE BRANDED 'FAIR RETURN'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Arawak Port Development Company's (APD) guaranteed 10 per cent internal rate of return (IRR) could ultimately mean lower costs for consumers if shipping volumes pick up as a res
KFC LABOUR DEAL, BUT 'NOT BUSINESS AS USUAL'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE NINE KENTUCKY Fried Chicken (Nassau) restaurants reopened yesterday, with union executives telling Tribune Business a tentative labour agreement had been reached with management
10% APD GUARANTEE BRANDED 'FAIR RETURN'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Arawak Port Development Company's (APD) guaranteed 10 per cent internal rate of return (IRR) could ultimately mean lower costs for consumers if shipping volumes pick up as a res
KFC LABOUR DEAL, BUT 'NOT BUSINESS AS USUAL'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE NINE KENTUCKY Fried Chicken (Nassau) restaurants reopened yesterday, with union executives telling Tribune Business a tentative labour agreement had been reached with management
10% APD GUARANTEE BRANDED 'FAIR RETURN'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Arawak Port Development Company's (APD) guaranteed 10 per cent internal rate of return (IRR) could ultimately mean lower costs for consumers if shipping volumes pick up as a res
KFC LABOUR DEAL, BUT 'NOT BUSINESS AS USUAL'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE NINE KENTUCKY Fried Chicken (Nassau) restaurants reopened yesterday, with union executives telling Tribune Business a tentative labour agreement had been reached with management
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
FOOD SECURITY NEEDS 'SHIFT IN PERCEPTION'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE needs to be a "shift in the perception" that the Bahamas cannot sustain itself, one produce executive telling Tribune Business: "We need to be able to feed ourselves at a basi