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By John S. Bain Managing partner at UHY, Bain & Associates
As part of the Inter-American Bank (IDB) loan to improve the Water and Sewerage Corporation’s (WSC) services and capabilities, the latter has signed a $1 million contract with Adin Holdings.
The Grand Bahama Chamber of Commerce (GBCC) has announced the start of its 2014 Small Business Seminar Series with the launch of its first event, ‘Entrepreneurship 101’, set for February 20 at its headquarters from 9am to 4pm.
The Grand Bahama Port Authority (GBPA) welcomed the new Ambassador of the People’s Republic of China, Yuan Guisen, on his first official visit to Grand Bahama.
SNOW storms impacting major US gateways to the Bahamas have resulted in an “unprecedented” number of flight cancellations, according to Nassau Airport Development Company (NAD) executives.
The Bahamian hotel industry believes it will approach its pre-recession “banner years” in 2014 and “surpass” them next year, its president said yesterday, with the sector’s confidence levels reaching 97 per cent.
The Grand Bahama Port Authority (GBPA) fired its former general counsel after CIBC FirstCaribbean obtained a Supreme Court judgment against him for “misappropriating” $82,141.
THE level of investment incentives offered by the Bahamas is “not out of line” with regional norms, a Cabinet minister said yesterday, suggesting that unlike its Caribbean counterparts this nation has been more successful in attracting “upper crust” investors.
Cable Bahamas has been sounding out the Bahamian capital markets to gauge investor appetite for a proposed preference share offering, which sources said is likely to be launched in April/May this year.
Value-Added Tax (VAT) will likely increase costs for each commercial bank by “several million dollars” annually, a top banker yesterday warning: “It’s still too early to celebrate the end of the recession.”
A top banker yesterday warned the Bahamas risks being ‘blacklisted’ again by the G-20 nations due to the potential money laundering risk presented by the web shop gaming industry.
The Bahamas Telecommunications Company (BTC) yesterday said product bundling and competitive pricing had increased its broadband Internet sales by 400 per cent over the previous year.
The Bahamas International Securities Exchange (BISX) has begun talks with its counterparts in Dubai and Abu Dhabi on the potential for cross-listings and trading.
MARRIOT is in talks with at least two investor groups looking to purchase the Abaco Club on Winding Bay, a Cabinet minister confirmed yesterday, telling Tribune Business he had taken a personal interest in driving those negotiations.
As our social and corporate community changes, and people continue to succumb to the pressures and demands of full and active lives, many fall victim to substance abuse and other vices. These take their toll on the employee’s level of efficiency and productivity.
KPMG has partnered with the Bahamas Financial Services Board (BFSB) to produce a comprehensive overview of the captives industry in this jurisdiction, through a handbook entitled ‘Captive Insurance in the Bahamas’.
The BAHAMAS Telecommunications Company (BTC) plans to extend its 4G Long Term Evolution (LTE) technology footprint throughout the this nation over the remainder of this year and into 2015, telling Tribune Business it will place the Bahamas on par with countries such as the US.
The Government’s $238 million deficit for the 2013-2014 fiscal year’s first half shows there is “much more work to do”, a Tax Coalition co-chair said yesterday, even though it represented a 19.3 per cent year-over-year decline.
RBC FINCO yesterday said that while its non-performing loan portfolio had “stabilised” at a total $104 million, this represented a sum up to six times’ the worth of pre-recession bad loans.
Ah, Valentine’s Day. The one day of the year when we’re supposed to show our one-and-only how much we love and adore them. Being in love is a wonderful feeling, which harvests such a powerful emotion. And you just might agree that “Love is not finding someone to live with; it’s finding someone you can’t live without”.
The Government was yesterday urged to extend its proposed review of sharp real property tax bill hikes to Stamp Duty, a leading realtor disclosing that many payments were not being accepted because deals were perceived as ‘contrived’.
The Government was yesterday urged to extend its proposed review of sharp real property tax bill hikes to Stamp Duty, a leading realtor disclosing that many payments were not being accepted because deals were perceived as ‘contrived’.
The Government was yesterday urged to extend its proposed review of sharp real property tax bill hikes to Stamp Duty, a leading realtor disclosing that many payments were not being accepted because deals were perceived as ‘contrived’.
EGG producers said yesterday’s Government’s decision to increase the tariff rates on imports to 30 per cent would only raise consumer costs, as not enough were being produced locally to meet demand.
Resorts World Bimini (RWB) has teamed up with Sky Bahamas and the Ministry of Tourism to encourage Bahamians to discover the beauty of the Family Islands.