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The Bimini Blue Coalition has enlisted eight scientists to bolster its Judicial Review claims and provide what it considers “a better plan for Bimini”.
The Government’s fiscal deficit was slashed by almost 46 per cent to $78.1 million for the first quarter of its 2013-2014 fiscal year, even though the Bahamian economy continues to face “significant headwinds”.
Scotiabank Bahamas has named Sean Albert as its managing director to replace Kevin Teslyk.
A Bahamian start-up yesterday said it was targeting $250 million in sales “within the first three years” of exporting its airport runway repair products to the Caribbean, as it works on a contract to overhaul eight Family Island airports.
Resorts World (Bimini) executives yesterday said the company’s name had been “unnecessarily sullied” by criticisms of its multi-million dollar project, with construction work continuing despite a legal action seeking to block it.
ALBANY aims to become the “Monte Carlo” of this region as it moves ahead with a multi-million dollar expansion in early 2014, Prime Minister Perry Christie said yesterday, adding that the development would bring an additional 1,000 jobs.
PRIME Minister Perry Christie said yesterday that a buyer seeking to purchase the British Colonial Hilton was currently in its due diligence period, adding that a rival was “lurking in the background.
The Government’s decision to go to the international capital markets for a US$300 million bond yesterday appeared to be questioned by a Wall Street credit rating agency, which said there was “significant appetite” for its debt in the Bahamas.
THE 2014 first quarter is “shaping up quite nicely” for Nassau/Paradise Island resort properties, the Bahamas Hotel and Tourism Association’s (BHTA) president telling Tribune Business yesterday that over the last six months hotels had readied themselves for the new year with major investments in human and physical upgrades.
The $400,000 contract give to a Bahamian start-up to upgrade and repair South Bimini’s airport has created employment for 10 islanders, and “opened up an entirely new industry previously untapped by Bahamians”.
The Bahamas is still suffering from “huge voids” in human capital development, a key tourism executive said yesterday, noting that succession planning and leadership development were key to reducing the impact of managerial level changes in the workforce expected to be created by major projects such as Baha Mar.
Island Outsourcers has hired its first wave of call centre agents on Grand Bahama, all of whom recently completed tourism product training coordinated by the Ministry of Tourism (MOT).
By Ian Ferguson
A Cabinet minister has called for the Bahamas to receive grants and ‘soft’ loans to assist its integration into global trading regimes, arguing that an “imbalanced” criteria was being used to exclude it from such aid.
A Bahamian retailer is embracing the paraellel worlds of ‘bricks and mortar’ and e-commerce, in a bid to provide shoppers with better service and convenience.
The Bahamas will fall back into economic recession if consumers are unable to absorb Value-Added Tax’s (VAT) inflationary impact, a co-chair for the private sector’s Tax Coalition warned yesterday.
Legal and professional services providers were yesterday reassured that work for offshore clients would be treated as ‘zero-rated’ under the proposed Value-Added Tax (VAT), easing fears that it might undermine the Bahamas’ “international competitiveness”.
The Government is aiming to increase the Value-Added Tax (VAT) ‘exemption’ threshold for electricity bills by 150 per cent to 500 kilowatts per month, Tribune Business was told yesterday, a move likely to cover 50 per cent of residential customers.
Louis Bacon has slammed claims he is using the Save the Bays coalition as ‘cover’ for his dispute with his neighbour as “entirely misguided”, while adding that alleged unauthorised development at Nygard Cay “sets a dangerous precedent for the Bahamas if left unchallenged”.
BAHAMAS Speed Week’s investors yesterday predicted the event will take “a big step up” on 2014 with “double the number of entrants and the room nights”, following a pledge by Deputy Prime Minister Philip Davis to build a proper racing circuit to accommodate it.
This is a typical question: “I’m thinking of choosing graphic design as a career path, as it appears to be a ‘cool’ profession. Besides, my first summer job was at a graphic design studio. And even though I was shocked at how intense the environment sometimes got, I was intrigued and still feel the need to pursue it. Do you have any advice?”
More than 20 per cent of the $23.476 million taxpayer subsidy granted to Bahamasair in fiscal 2011-2012 went on a money ‘merry go round’ to pay bills the airline owed to its Government shareholder.
OCCUPANCY levels at Family Island resorts remain in the low 30 per cent range, the Out Island Promotion Board’s (OIPB) president said yesterday, adding that Value-Added Tax’s (VAT) potential impact on the ‘bottom line’ of small properties was a growing concern.
THE Bahamas Telecommunications Company (BTC) is optimistic it will beat last year’s smartphone sales for the Christmas shopping period, the company projecting to sell 10,000-15,000 devices this period.
Micronet, the New Providence-based technology provider, has marked its 30th anniversary this month with the unveiling of its new 11,500-plus square foot store and service facility.