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Entrepreneur claims virtual money first

A Bahamian entrepreneur yesterday said his online directory had become the first business in this nation to accept payment by Bitcoin, the virtual money form he believes will eventually “rule the world.”

Italian envoy meets Port

The first official visit to the Bahamas and Grand Bahama by an Italian ambassador saw Claudio Bisogniero pay a courtesy call on executives at the Grand Bahama Port Authority (GBPA).

Stem cell research's 'mind boggling' benefit

FREEPORT – A properly administered and monitored stem cell research and therapy industry could prove to be a win-win for the Bahamas, a well-known clergyman believes.

Freeport gets medical manufacturing interest

FREEPORT – Freeport is beginning to attract increased interest as a location for stem cell research and medical device manufacturing, the Grand Bahama Port Authority’s (GBPA) president believes.

Registrar General upgrades progress

ATTORNEY General Allyson Maynard-Gibson said yesterday that significant upgrades to key services within the Registrar General’s Department were progressing to bring it into the “21st century”, noting that company incorporations should be available online by year’s end.

Sandals strengthens Exuma school ties

The bond between Sandals Emerald Bay and L.N. Coakley Secondary School became a little stronger after resort staff offered hospitality training to 12th graders.

Union chief's 'public plea' for Sandals negotiations

A leading labour attorney yesterday made “a public plea” for Sandals Royal Bahamian to negotiate an industrial agreement, saying there were “no ifs, ands and buts” about the workers’ desire for trade union representation.

Go 'psycho' with your customers

There is a term in marketing called psychographics. Psychographics is the study of personality, values, attitudes, interests and lifestyles, according to consultancy firm Booz Allen. This is useful information for people who are trying to market. One application is finding out not only what people buy, but where and when they buy.

Foreign vessels sucking $100k weekly from Bimini

Foreign dive boats operating illegally in the Bahamas are sucking $100,000 per week out of Bimini’s economy, a world-renowned dive guru yesterday saying he was “amazed” at the Government’s failure to protect local jobs and millions in potential earnings.

VAT economists get early May target

The Tax Coalition’s newly-hired economists will start work this week, with one of its co-chairs yesterday suggesting it would be impossible for the Government to implement Value-Added Tax (VAT) in the face of widespread private sector opposition.

Construction chief hopes 'darkest hour of night has passed'

DOCTORS Hospital is “standing poised” to submit its application to begin stem cell therapy once the Government has finalised the regulations, its president yesterday telling Tribune Business it has an “open mind” on the range of treatments it plans to offer.

Gov't to limit stem cell participants

FREEPORT – The Public Hospitals Authority’s (PHA) medical advisor says the Government will limit the number of parties conducting stem cell research and therapy work in the Bahamas.

Memories early opening gamble 'now paying off'

A senior tourism official yesterday said Grand Bahama’s Memories resort is forecasting an 80 per cent average annual occupancy rate, arguing that the gamble to open the property before it was 100 per cent complete was paying off.

Doctors 'standing poised' over stem cell application

DOCTORS Hospital is “standing poised” to submit its application to begin stem cell therapy once the Government has finalised the regulations, its president yesterday telling Tribune Business it has an “open mind” on the range of treatments it plans to offer.

Chamber presents VAT Report to minister

Grand Bahama Chamber of Commerce executives yesterday met with the minister for Grand Bahama, Dr Michael Darville, to present him with a copy of its ‘VAT Observations and Recommendations’ report.

LPIA region's most improved airport

Lynden Pindling International Airport (LPIA) has been recognised as the most improved airport in the Latin American and Caribbean region.

BISX market continues its slow recovery

THE Bahamas International Stock Exchange (BISX) yesterday reported a 9.06 per cent increase year-to-date in its All Share Index for the 12-month period ending December 31, 2013.
 In its January to December 2013 statistical report, BISX said the All-Share Index closed at 1,468.22, which represented a year to date increase of 121.96 or 9.06 per cent.

Don't bucket consumers with marketing dollars

By Scott Farrington

Dupuch Real Estate names top performer

ERA Dupuch Real Estate has named Carla Sweeting as its agent of the year, after she enjoyed the best year of her 13-year career in becoming its top performer for 2013.

Content marketer pledges to cut ad budgets 'in half'

A BAHAMIAN content marketing start-up is offering small businesses the opportunity to increase their exposure and maximise advertising dollars, its founder telling Tribune Business yesterday that their platform could cut marketing costs “in half”.

$8.2m February Point in 'debt free' close

The long-awaited sale of Exuma’s February Point development finally completed on Friday afternoon, Tribune Business can reveal, with its leading investor partnering with 10 existing homeowners in a “debt free purchase”.

Albany in JV bid to acquire South Ocean

Albany’s developers are partners in a joint venture bid to acquire the neighbouring South Ocean resort property, Tribune Business can reveal.

Online mall attracts 600 clients 'in days'

AN online shopping mall has attracted “well over 600 registrants” just days into its official launch, telling Tribune Business its business model provided a platform for regional distributors to showcase their products.

'Double whammy' from business Licence changes

Companies that do not have December 31 financial year-ends are set to face a cash flow ‘double whammy’ from the Government’s proposed Business Licence fee reforms, a well-known accountant told Tribune Business.

Gov'ts July 1 VAT goal 'just not on'

A senior Grand Bahama Chamber of Commerce executive has warned that the target Value-Added Tax (VAT) implementation deadline is “just not on”, while its introduction will increase employment in a”fragile economy”.