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AT least $2 million has been secured for the construction of a Bahamas Bureau of Standards (BBS) building and for equipment, the bureau’s acting director said yesterday.
Bahamas Waste has returned to historical first quarter profit levels after its net income more-than-tripled year-over-year, a result that exceeded its own expectations by 24 per cent.
Propaganda lies, deceit and half-truths; is there a difference? If you tell someone that advertisers lie, they will probably roll their eyes and say: “DUH! That’s what advertising is.”
The Bahamas is “20 years behind” on safeguarding its agriculture producers and modernising its economy, a leading consultant yesterday telling Tribune Business this failures had “decimated” local farmers.
A ‘zero’ score for ‘public policy and strategic vision’ has dropped the Bahamas to a mid-table ranking in the Inter-American Development Bank’s (IDB) newly-launched broadband Internet penetration rankings for Latin America and the Caribbean.
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC() outgoing chairman has questioned the “unclear merits” of creating a separate body to co-ordinate activities between all Chambers, as he moved to “reconcile” differences with his Grand Bahama counterparts.
THE Bahamas wants the Organisation for Economic Co-Operation and Development (OECD) and its affiliates to stop using so-called ‘blacklists’ to pressure international financial centres, arguing that “greater transparency” can be achieved through different means.
With just 22 per cent of hotels indicating they had a full understanding of Value-Added Tax (VAT), the Bahamas Hotel and Tourism Association (BHTA) believes the delayed implementation provides an ideal opportunity to minimise costs and revenue losses.
A sudden increase in high-end property sales has given the Palm Cay development renewed optimism that an economic recovery driven by growing consumer confidence is starting to gain momentum.
The Government was yesterday revealed to have used $11 million in taxpayer monies to pay off “delinquent accounts” owed by the Water & Sewerage Corporation to its BISX-listed water supplier, and promised: “More is on the way.”
The 17th independently-owned Bahamas Telecommunications Company (BTC) franchise store has opened in Coconut Grove, owned by businessman Ian Antonio.
The draft Bill for the Bahamas’ latest fund product will be sent to the Attorney General’s Office “in short order”, Tribune Business was told yesterday, amid anticipation it will give this nation “significant traction” in Latin America.
ATLANTIS is forecasting a “soft May” followed by a ‘marginal’ pick-up in June business, its top executive telling Tribune Business that July and August were projecting to be much stronger.
A senior adviser to Prime Minister Perry Christie yesterday urged the Bahamas to “join the bandwagon” by introducing an Investor Citizenship programme to target the world’s wealthiest individuals, something that could have “the most transformative effect” on the economy.
Reducing the $200 million-plus incentives granted annually could limit the Bahamas’s ability to attract foreign direct investment(FDI) in the current climate, a key Cabinet Minister said yesterday, adding: “If we don’t offer those incentives, someone else will”.
The Government was yesterday revealed to have used $11 million in taxpayer monies to pay off “delinquent accounts” owed by the Water & Sewerage Corporation to its BISX-listed water supplier, and promised: “More is on the way.”
Executive members of the Bahamas Association ofCertified Fraud Examiners (ACFE) recently visited Freeport to promote the anti-fraud fight and expand its membership.
The Bahamas Financial Services Board (BFSB) is aiming to deepen synergies with the shipping industry by joining the Bahamas Maritime Authority (BMA) at Posidonia 2014.
By D’Arcy Rahming
Baha Mar has been told to push the opening date for one of its hotels back by five months to April 1, 2015, with the operator branding the projected December deadline as “not accurate”.
The Bahamas Petroleum Company (BPC) is “ready and willing” to proceed with its long-planned share offering to Bahamians, its departing chairman noting progress had been “frustrated” by the wait for approvals.
The Bahamas Petroleum Company (BPC) is hoping to slash costs associated with drilling its first exploratory well by up to 50 per cent “without compromising” health and environmental safety standards.
The Grand Bahamas Chamber of Commerce will today ‘break ranks’ with its fellow bodies and decline to sign the Memorandum of Understanding (MoU) designed to foster greater co-operation between all Chambers in the Bahamas.
The Bahamas could negotiate its own bilateral trade agreement with Canada if CARICOM fails to achieve a regional deal by the June 30 deadline, a Cabinet Minister yesterday reassuring that exporters’ duty-free market access was not under threat.
Bank of the Bahamas International has launched a mobile credit card machine that allows customers to pay with plastic anywhere, anytime.