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The Antiquities, Monuments and Museums Corporation (AMMC) chairman yesterday denied that underwater salvage/exploration licence approvals were being tied to multi-million dollar donations to preserve historic Bahamian sites.
LONDON-based domian name seller, CentralNic, announced yesterday that it has acquired Bahamian-registered domain name retailer Internet.BS as it moves to enter markets in the Caribbean an Africa. CentralNic will reportedly pay a maximum of $7.5 million for the Bahamas registered business, of which $5.2 million will be paid upfront, comprising $2.7 million in cash with the rest to be satisfied through the issue of CentralNic shares.
Warwick International Hotels (WIH) is set to rename the 245-room Paradise Island Harbour Resort as ‘Paraiso by Warwick’, its first four-star resort in the Caribbean.
The Government and Cable & Wireless Communications (CWC) are hoping to conclude their ‘2 per cent’ deal over the Bahamas Telecommunications Company (BTC) by July 3, Tribune Business can reveal.
Realtors yesterday questioned why Royal Bank of Canada (RBC) was putting them under “so much pressure” to sign a controversial appraisal services management agreement, fearing it was adopting “divide and conquer” tactics.
Bank of the Bahamas is still unable to hold its annual general meeting (AGM) for the 2013 financial year because the Government has yet to supply it with the Board of Directors appointments, Tribune Business was told yesterday.
The Securities Commission yesterday said a three-pronged reform package would “beef up” its capital markets enforcement capacity, enabling it to deal with civil law breaches more efficiently and quickly.
BAHAMIAN hotels are enjoying an average four percentage point occupancy increase to 60 per cent, the Minister of Tourism revealed yesterday, adding that room revenue was up by the same amount.
A friend of mine, who shall remain nameless, absolutely hates working for the bank. She complains constantly about everything - the bosses, the clients, the hours, you name it. But she works, and works really hard.
Free National Movement (FNM) chairman Darron Cash yesterday charged that the Government and Cable and Wireless Communication (CWC) “cannot both be right” regarding claims to the majority control of the Bahamas Telecommunications Company (BTC).
A leading businessman yesterday said the almost-$240,000 debt owed to the Bahamas Electricity Corporation (BEC) by executive chairman, Leslie Miller, “doesn’t look good” and raises questions over whether he should stay in the post.
Cable & Wireless Communications (CWC) is still claiming 51 per cent majority control of the Bahamas Telecommunications Company (BTC), raising fresh questions over the Government’s assertion to have regained majority ownership for the Bahamian people.
Bahamians “should be terrified at the prospect” of the Government allowing Bimini’s developers to build on prime marine habitats, a well-known QC warned yesterday.
The Bahamas Oil Refining Company (BORCO) is expected to generate “full-year run rate cash flows” in 2014, after its owner invested $380 million over three years to expand storage capacity by 20 per cent.
Cable Bahamas has added an estimated 800-900 subscribers to its sports package since the soccer World Cup started, with a senior executive confirming it was still trying to “clear up” transmission quality issues with the master Caribbean rights holder.
A Supreme Court judge has granted Franklyn Wilson’s Eleuthera Properties a Certificate of Title to 2,086 acres on the island, branding five rival claims to the land as “not credible”.
A leading private sector executive said yesterday it was “very concerning” that the Bahamas was losing two-thirds of its “brightest and best” to developed countries, with a major employer adding that it had done “more than our share” to provide opportunities for persons studying abroad.
Numerous Bahamian businesses are supporting the National Culinary Team in a bid to ensure Bahamian chefs have the chance to compete in the elite ‘Taste of the Caribbean’ Culinary, Cocktail and Ice Sculpting Competition held in Miami each year.
The Minister of Transport & Aviation said yesterday that a company has been selected to advise on developing a Bahamian aircraft registry.
HG Christie has added well-known realtor Silvina Andrews and her almost-two decades experience to its team
The Government’s unfunded pension liabilities have been described as “absolutely staggering”, a well-known financial expert noting they are projected to exceed 50 per cent of current GDP by 2032 without urgent reform.
Almost two-thirds of college and university-educated Bahamians have moved abroad to seek jobs in developed countries, costing this nation a sum equivalent to 4.4 per cent of annual gross domestic product (GDP).
Freeport businesses must “fight the Customs bully” to preserve their rights under the Hawksbill Creek Agreement, a well-known QC citing this as the reason for a major wholesaler’s continuation of a three year-old dispute.
Wreck salvagers and other heritage preservers will this week move to form a non-profit organisation that will work with the Government to combat “unbelievable” piracy that threatens a potential multi-million dollar industry.
The Government is growing increasingly impatient with South Ocean’s owner over finalising a preferred bidder for the property, with no formal application yet submitted to the Bahamas Investment Authority (BIA).