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LOCAL petroleum retailers stopped the sale of diesel at all their locations yesterday.
The move forced the government to agree to meet with them on Monday with a view to address their diesel mark-up which, it is claimed, has not been increased for more than 30 years.
At a price of $4.54, retailers claim they are only making 19 cents on a gallon of diesel sold. This margin, they said, is unsustainable for their stations, with many now not wanting to even sell the product.
One retailer, who spoke to The Tribune yesterday on condition of anonymity, said he is finding it increasingly difficult to stay in business.
"Right now diesel is $4.54 at our station (Texaco). On that we make 19 cents. I ...
Development Party puts the government on notice that the Bahamian people
will not abide the sale of BEC to Emera or any other foreign entity
under any circumstance.
Recently the government, through the
junior minister of state for environment and the chairman of BEC, has
been making suggestions that BEC is on the market and that two
non-Bahamian companies are in the running for the acquisition. The
government is warned that that day will never come...
By NEIL HARTNELL
Tribune Business Editor
THE Bahamian new auto market would have recovered to an "acceptable level" if it returns to 75-80 per cent of pre-recession sales levels, the Bahamas Motor Dealers Association's (BMDA) president said yesterday, as current sales levels - although 50-60 per cent behind pre-recession levels - continue to show improvement.
Andrew Barr, who is also Friendly Ford's sales manager, said the 17.76 per cent year-over-year new auto sales increase reported by BMDA members for October 2010, coupled with the 1.84 per cent improvement for the first 10 months of the year compared to 2009, indicated the economic climate facing the industry was "bec ...
By ALISON LOWE
As Florida farmers continued to count the cost of the lowest temperatures in the state since the 1960s, wholesalers and retailers yesterday warned Bahamian consumers to be prepared for potential spikes in produce prices in the coming weeks.
Meanwhile, major local wholesaler, Bahamas Food Services, suggested any destruction of crops in Florida may signal a silver lining for Bahamian agricultural producers in the form of increased revenue opportunities. Mike Leslie, of Sun International Produce, Florida, Supervalue's primary produce wholesaler, told Tribune Business the impact of the record breaking temperature lows this week, while not f ...
This Friday, Nov. 26th from 8AM to Midnight at Dolly Madison Home Center, the boss is giving huge storewide
Midnight Madness sale! Come on Down and get huge storewide
savings in Ace Hardware, Rooms To Go, Radio Shack, Whirlpool, Ace Paint, Lawn
& Garden, GE appliances, Christmas decorations and gifts galore. The warehouses are overflowing with new
inventory and the prices will make you feel like you're in Miami! Mark
November 26th on
your calendar to head to Dolly Madison for their annual Midnight Madness Sale from 8 in the morning till midnight!
By NEIL HARTNELL
Tribune Business Editor
The Grand Bahama Chamber of Commerce president has confirmed to Tribune Business that many Freeport-based retailers and businesses have suffered a 40 per cent sales decline due to the ongoing 'Bonded letter' controversy, with February the 'make or break' month for "significant" reductions in staffing levels.
K P Turnquest told this newspaper that many Freeport companies, especially the larger wholesalers and retailers, would use this month as a "year-over-year benchmark" to determine whether employee lay-offs would be necessary to enable them to "survive", given the drastic top-line decline. All companies concer ...
- Genre : Action, Sci-Fi, Thriller
- Rating : C - 18yrs and Older
Set in the near future when artificial organs can be bought on credit, it revolves around a man who struggles to make the payments on a heart he has purchased. He must therefore go on the run before said ticker is repossessed....
WE ARE baffled by Opposition Leader Perry Christie's harping on the "secrecy" surrounding government's memorandum of understanding with Cable & Wireless (LIME). Surprised because on the desk in front of us is a file of the Christie government's secret negotiations with Bluewater that were then too sensitive to be shared with the public and of which no one knew the details until the Ingraham government came to office and opened the books. The union, by its own and Mr Christie's admission, was a part of the negotiations and approved the sale.
A week before the election, which resulted in the Christie government's removal from office, it was discovered that the privati ...
Many questions remain regarding the government's planned sale of a majority stake in the Bahamas Telecommunications Company (BTC), but Senator Tanya Wright says businesses should be clear on the need to open the industry for competition.
Wright, who is president of World Cooperation Group, wrote Guardian Business as a member of the private sector and said that businesses and entrepreneurs had been locked out of the lucrative industry for too long, and the sooner the state-owned monopoly is privatized, the better.
"While the jury is still out on the eventual majority owner of BTC, advocates of the business community should be steadfast in support of the liberalization of telecommunications ...
EDITOR, The Tribune.
Prime Minister Ingraham, together with his hard-working staff, is to be congratulated for his thorough and comprehensive Communication of 8th February to the House of Assembly on the proposed sale of 51 per cent of BTC to Cable & Wireless (CWC), as carried in the recent 20-page supplement in your newspaper.
I know from personal experience the time and effort required to produce a document like this, which contains not only the persuasive policy in favour of the sale and the reasons for choosing CWC, but also all the relevant details about how the sale will be accomplished.
This Communication should answer all the many queries that have been raised about the transac ...
- Genre : Comedy
- Rating : T - 15yrs and Older
Tim (Rudd) is a rising executive who "succeeds" in finding the perfect guest, IRS employee Barry (Carell), for his boss's monthly event, a so-called "dinner for idiots," which offers certain advantages to the exec who shows up with the biggest buffoo...
Nassau, Bahamas -
Bahamas - The
Bahamas International Film Festival (BIFF) has a wonderful line-up of special events that will take place throughout
Nassau during this year's festival. BIFF welcomes and encourages all
local Bahamians to come out and experience these one-of-a-kind events
December 1st to 5th.
is something new to be found every day! Film screenings, award
ceremonies, tributes, workshops for kids and adults, filmmaker
receptions, and galas.
Tickets are NOW on sale and more information on ticketing is within...
POLICE Staff Association president Dwight Smith during an interview with the press after the February 23 demonstration on Bay Street urged politicians to stop politicising issues.
He was defending his Force from a politician's criticism of the worth of police reports, which were used in another case to decide the suitability of a person for a high office. Mr Smith was also smarting under the criticism of how "over prepared" police were when they arrived on Bay Street for the BTC demonstration. It would have been irresponsible - after a union leader had declared that a "small Egypt" was needed on Bay Street to protest the sale of BTC - if police had not come fully prepared -- wi ...
If Free National Movement (FNM) MPs vote against the privatization of the Bahamas Telecomunications Company (BTC), an election would be called to allow Bahamians to decide on the matter, Prime Minister Hubert Ingraham said yesterday.
"That is our policy," Ingraham told reporters following a tour of the new treasury building on East Street yesterday.
The sale of a 51 percent stake of BTC to Cable and Wireless Communications (CWC) requires parliamentary approval.
Debate on the issue is expected to begin in the House of Assembly on Monday. At the end of debate parliamentarians will vote on whether the sale should go forward.
Over the past several months the pending sale has created much controve ...
- Genre : Comedy, Drama
- Rating : C - 18yrs and Older
When an alcoholic relapses, causing him to lose his wife and his job, he holds a yard sale on his front lawn in an attempt to start over. A new neighbor might be the key to his return to form. ...
By NOELLE NICOLLS
Tribune Staff Reporter
ALL documentation related to the privatisation of BTC from 1999 to the present will be tabled in Parliament for scrutiny by the public, said Minister of National Security Tommy Turnquest, leader of government business.
As soon as the terms of the BTC sale agreement are finalised, Mr Turnquest said the government will release all the details and documents related to the sale process from its inception.
The government will place the latest agreement of sale for 51 per cent of BTC to Cable and Wireless Communication (CWC) in the public domain and allow two weeks before debate is scheduled, said Mr Turnquest.
Details of the Bluewat ...
Freeport, Grand Bahamas, The Bahamas - 2003 Mitsubishi Grandis in excellent condition is for sale in Freeport.
Yellow, VGC, 71,500
kilometers (44,400 miles), RHD, Automatic w/shiftronic, CD player, 6 seater,
climate control, made in Japan. $9,999 ono...
"I vex because I am tired of hearing about the sale of BTC. Government should let the new company form their own phone company for those who want change and those who don't want change let them be stuck with Stone Age BTC. I bet you all them rowing would be the first ones to switch over to the new phone company.
"I vex also because of the stupid times road works decides to do their work and how long they take. Should have done all that work when Shirley Street was being paved. Use your head!"
- Fed Up With
"I vex because I went to go and pay my cell phone bill last week but couldn't pay it because they went on strike. But come Monday they were quick to ...
- Genre : Action, Fantasy, Horror
- Rating : C - 18yrs and Older
When human forces discover the existence of the Vampire and Lycan clans, a war to eradicate both species commences. The vampire warrioress Selene leads the battle against humankind....
Nassau, Bahamas - Enclosed is a Press Statement by the
The Government's statement on
the proposed sale of the majority of the shares of BTC (51%) is yet
another attempt to mislead and misdirect the public's attention from the
central issues concerning this matter of national importance.
Those issues are that majority ownership of an important national asset
is to be sold to a regional telecommunications company (Cable and
Wireless) which has an established reputation for aggravating its
workforce; that the net price, taking into account the assumption of
over $60 million in BTC 's pension liabilities is considerably less than
the $210 million being touted; and above all, the Unions and the
majority of the people in the country are against the sale of BTC to