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THE Bahamas Pharmacy Council is making plans to increase the number of inspectors to ensure all pharmacies are inspected in a timely manner in 2014.
Baha Mar yesterday announced that Gregory Djerejian, its executive vice-president, will head the company’s new Asia business development operations located in Hong Kong.
The Bahamas has a “six month window” in which to stave off another credit rating downgrade through concrete fiscal reform actions, with Moody’s yesterday describing the Government’s planned $800 million correction as “enormous”.
CABLE Bahamas yesterday said it was expecting a number of businesses to switch to its REVOICE offering this month, telling Tribune Business it had attracted “well over” 3,000 new landline subscribers due in large part to its mortgage giveaway promotion.
The Bahamas Real Estate Association’s (BREA) president yesterday described his members as being “on Cloud Nine”, after the Government unveiled a process to ‘pre-approve’ first-time home buyers for the Stamp Duty exemption.
The International Monetary Fund (IMF) has urged the Government to increase motor vehicle licence fees by at least 20 per cent, arguing that this would improve the “fairness and progressivity” of Bahamian taxation.
The Government has “reined in” the ability of first-time home buyers to obtain the full 10 per cent Stamp Duty exemption, a well-known attorney saying the threshold was now below that employed when the tax break was first introduced in 2002.
ATLANTIS’s top executive said yesterday that the second-annual Pure Silk-Bahamas Ladies Professional Golf (LPGA) Classic is expected to generated “in excess” of 1,800 room nights, with the resort coming off a “very busy” Christmas/New Year’s period.
BUSINESS for many local retailers during the Christmas period was described yesterday as “steadybut not booming”.
Welcome to 2014. I trust that you brought it in safely. In addition to personal resolutions, businesses will also often make resolutions.
THE Nassau Container Port (NCP) has beaten out 24 Caribbean rivals to be rated the region’s most productive port by the Florida Shipowners Group, which handles the majority of shipping flows into the region.
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday said there was “no question” the Government could cut its spending by up to 20 per cent, as he urged it to get “the broadest possible buy-in” on tax reform.
The Bahamas must prevent its fiscal reform “dirty laundry” from being aired to the outside world, a Tax Coalition co-chair pointing out that the Government was really targeting an $800 million adjustment.
A homeowner at Abaco’s troubled Orchid Bay development is demanding that the Georgia Bar investigate its route into receivership, alleging that this has “frightened residents” and “severely damaged its viability as a tourism destination”.
Family Island businesses have been left “scared as hell” by a lack of Value-Added Tax (VAT) information, a leading consultant yesterday warning many feared being “taxed out of the market”.
A Ministry of Agriculture consultant yesterday said the Bahamas was targeting between 20-100 per cent reductions on certain agricultural commodities, in a bid to boost foreign exchange earnings.
FREEPORT – Grand Bahama businessman Elbert Hepburn has introduced a $100,000 ‘Power Five Challenge’, in an effort to help entrepreneurs start their own businesses on Grand Bahama.
The Bahamas has enjoyed an “influx” of private wealth management business due to a change in Swiss banking laws, a senior accountant yesterday warning this nation would continue to face external pressures for greater regulationa and transparency.
A top hotelier yesterday said the Bahamas has lost regional market share to the “pricing disadvantage” created by Caribbean-high utility costs and labour rates that are triple those of rival destinations.
Schooner Bay’s new sales team has pledged to be “very aggressive” in completing a $400 million “sell-out” of the project’s remaining real estate, and are targeting three-four years to complete the 266-lot first phase .
Caribbean Bottling Company (Bahamas) is aiming to start renovation work on its new $500,000 Freeport headquarters within the next fortnight, a development likely to create 15-20 construction jobs.
The Bahamian tourism industry is undergoing “a metamorphosis” that will start to reverse the 2.4 percentage point decline it has suffered to its share of Caribbean stopover visitors since 2007.
A leading insurance broker is targeting a 5 per cent market share for his start-up in the medium term, telling Tribune Business: “I’m not looking to take over the world.”
DEVELOPERS behind a high-end “shopping village” near Baha Mar are expecting to break ground on the project this month, telling Tribune Business they are hoping for a possible “game changer” by concluding lease negotiations with two major franchises.
The Water & Sewerage Corporation’s outgoing chairman has questioned whether a former minister was responsible for a contractual clause change that allegedly saved BISX-listed Consolidated Water “millions of dollars to the costly detriment of the Bahamian people”.