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The article today is not sales related as in selling a product or service, but how buying locally vs. foreign affects ALL of us.
A BAHAMIAN broker yesterday said he was anticipating a significant “upswing” in boat sales over the next “five to six months”, due to the high level of interest leading up to and during the popular Fort Lauderdale Boat Show this past weekend.
The Bahamas Oil Refining Company (BORCO) is set to undergo further multi-million dollar upgrades beginning this quarter, as its owner seeks to improve its “crude oil handling” capabilities.
A Bahamian attorney has taken proactive steps to boost the country’s attraction as a medical tourism destination, completing a Certification in Health Care Compliance with emphasis on Latin America.
The Bahamas Financial Services Board (BFSB) has honoured 31 persons for their contribution to the growth and development of the industry.
The Bahamas Telecommunications Company (BTC) last night branded a regulatory probe into its alleged anti-competitive behaviour as “misplaced”, saying it had invested more than $2 million in preparing for number portability.
One of New Providence’s two water plants requires an “urgent investment” of $3.328 million to maintain its operational efficiency, with any delay potentially creating “an unsafe working environment” for its Bahamian staff.
A world-renowned dive guru yesterday said he was personally “devastated” by the potential damage Resorts World’s cruise terminal will inflict on the diving and fishing industries, which generate 90 per cent of Bimini’s hotel occupancies and “millions” for its economy.
The Government should examine “phasing in” Value-Added Tax (VAT) over a three-year period, a co-chair of the private sector’s Coalition for Responsible Taxation warning: “You can’t implement taxes to the peril of the economy.”
Value-Added Tax (VAT) will be levied post-July 2014 against goods and services being supplied under pre-existing contracts, a senior government official confirmed last night.
Consolidated Water has pledged to hold an initial public offering (IPO) of shares in its Bahamian subsidiary “subject market conditions”, Tribune Business can reveal.
Value-Added Tax (VAT) may pose a bigger threat to Family Island economies than New Providence, a private sector body warning that it might create “unbearable inflation” and defeat social policy objectives.
THE HARVESTING of juvenile conch remains the single biggest threat to the sustainability of the Queen Conch population in the Bahamas, the The Bahamas National Trust’s (BNT) head saying there were “certainly some warning signals that we need to start taking note of”.
The Grand Bahama Port Authority (GBPA) participated in the official trade mission to Dubai, along with government and other private sector entities.
By NATARIO McKENZIE
Atlantis expects to this year exceed the almost-$38 million in promotional value that its 2012 Thanksgiving college basketball tournament generated, with all Paradise Island resorts set to be “sold out” for the event.
A senior official yesterday confirmed that the Government has dropped immediate plans to lower Business Licence fees to a nominal annual $100, as it wants to first assess how Value-Added Tax (VAT) performs post-implementation.
A Harbour Bay-based salt therapy and wellness spa is set to close this weekend after just 18 months in business, as businesss levels are not enough to ensure its continued viability.
WENDY’S (Bahamas) has partnered with The Cheese Cake Factory and launched its ‘Wendy’s Café’ concept, the franchise’s Bahamian operator yesterday revealing that these would be incorporated into select restaurant locations.
The Palm Cay development is set to attend this year’s Fort Lauderdale International Boat Show for the third consecutive year.
THE head of the union representing Bahamas Electricity Corporation (BEC) line-staff warned yesterday that it would not sit “idly by” and allow negotiated benefits to be taken away, after its executive chairman pledged to stop “double dipping” on National Insurance Board (NIB) benefits.
THE developers behind Eleuthera’s French Leave Resort & Marina yesterday said they were “cautiously optimistic” that the first three seafront cottages would be available as early as January, targeting end-2014 for the completion of the project’s first phase.
Resorts World Bimini yesterday said many of the island’s businesses had suffered a “sharp decline in revenue” after rough seas forced a temporary suspension of its Miami SuperFast service.
The Government must reduce the 70 per cent proportion of its payroll that goes towards salary deductions, a leading businessman yesterday warning it was causing a “remarkable contraction” in consumer spending and the wider economy.
A leading accountant yesterday urged the Government to give the proposed National Tripartite Council a real mandate to improve the Bahamas’ economic competitiveness, warning that this “cannot be allowed to slip beyond this point”.