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How to avoid sales 'foot in mouth' woe

“Open mouth, insert foot”. Or, if you prefer: “Take the cotton out of your ears and put it in your mouth”. I personaly like the latter saying much better when it comes to a botched sales pitch.

Bahamas urged to update 'restrictive' timeshare laws

MIAMI, FL - The Bahamas' “restrictive” timeshare laws, which demand a 40 year “right to use”, have caused major brands to shy away from the country, the developer of a popular Cable Beach property telling Tribune Business that such companies were more inclined to target jurisdictions where deeds were the norm.

Bimini expansion is 'like me trying to fit in son's pants'

While welcoming the increased tourist business cteated by Resorts World’s investment, many Bimini residents have expressed serious concern over the project’s size, one saying: “It’s like me trying to fit into my son’s pants.”

Grand Bahama Chamber of Commerce to vote on new Board of Directors this week

The Grand Bahama Chamber of Commerce will this Wednesday vote for its Board of Directors for the 2013-2014 year.

Freeport enjoys 'most robust' timeshare sales in Bahamas'

By NATARIO McKENZIE

BFSB award nominees unveiled

The Nominations Committee for this year’s Bahamas Financial Services Board (BFSB) Excellence Awards has released the names of all nominees submitted to the Blue Ribbon Panel. They are:

BTVI solar energy course heats up

The Bahamas Technical and Vocational Institute (BTVI) is set to kick its solar training programme into high gear, in a bid to create a Bahamian workforce trained in renewable energy installation.

VAT uncertainty: Super Value puts $1m expansion 'on hold'

Super Value has put a $1 million expansion of its main Carmichael Road warehouse “on hold” due to the continuing uncertainty over Value-Added Tax (VAT), its president describing the Government’s key tax reform as “terrifying”.

Retail sales 'off terribly' at 10% below expectations

Retail sales are “off terribly from expectations”, a leading merchant telling Tribune Business they were down “at least 10 per cent” from forecast.

Landowners lose appeal on Albany road re-route

Seven Bahamian landowners have lost the legal battle for the return of their south-west New Providence properties, the Privy Council ruling that compulsory acquisition by the Government was still in the public interest despite appearing to primarily benefit the $1.3 billion Albany development.

BNT chief: Is Bimini EIA the new 'modus operandi'?

The Bahamas National Trust’s (BNT) president has questioned whether multi-million dollar investment projects will now receive construction permits prior to Environmental Impact Assessment (EIA) consultation and approval, asking: “Is this the modus operandi going forward?”

Bimini project: construction workforce only 10-30% Bahamian

The 45-60-strong construction workforce for Resorts World’s Bimini cruise terminal and jetty is expected to have just a 10-30 per cent Bahamian component, the project’s Environmental Impact Assessment (EIA) has revealed.

VAT's invoice liability 'accounting nightmare'

The Government has been urged to avoid an “accounting nightmare” and rethink plans to make Value-Added Tax (VAT) registrants liable to pay the tax once a customer is billed.

Sky awaits approvals for Bimini-US route

Sky Bahamas is awaiting government approvals to begin a Bimini/Fort Lauderdale route and tap into additional traffic to that island, its chief executive telling Tribune Business the airline was already “on the rebound” from a pilot “sick-out” two weeks ago.

BFSB unveils new chairman

Prince Rahming, senior partner of PricewaterhouseCoopers (PwC) Bahamas, has been elected as the new Bahamas Financial Services Board (BFSB) chairman, replacing Paul Winder.

Veteran broker joins Mario Carey Realty

Chandra Parker, 10-year veteran broker will this week leave the firm where she has been for several years to join Mario Carey Realty.

Bimini expansion is 'like me trying to fit in son's pants'

By NATARIO McKENZIE

BTC moves ahead on fast cell technology

BTC’s cellular customers on New Providence are one step closer to enjoying super-fast technology this Christmas as a result of the very first Long Term Evolution (LTE) data call – commonly referred to as an ‘Internet download’ - on the BTC network early this morning.

Non-profits urged to 'fight crippling' VAT

Bahamian non-profit organisations were yesterday urged to “fight” the Government’s plans to treat them as ‘exempt’ for Value-Added Tax (VAT) purposes, the president of one warning they would all be “crippled” if not ‘zero rated’.

2/3 of Biminites don't want more visitor arrivals

Almost two-thirds of Biminites surveyed for the Resorts World/Genting ferry terminal Environmental Impact Assessment (EIA) said they did not want an increase in the island’s existing 52,000 annual visitor numbers.

‘Catastrophe’ if $3.3m in conch exports banned

PLACING the Queen Conch on the ‘endangered species list’ could be “catastrophic” for the Bahamas and other Caribbean countries, the Minister of Agriculture and Marine Resources said yesterday, adding that conch harvesting for local consumption was pumping $6 million annually into this nation’s fisheries sector.

Aircraft refuel costs 40% higher for Exuma

Aircraft refuelling costs in Exuma are still almost 40 per cent higher than for New Providence and Grand Bahama, the Ministry of Tourism’s director-general said, warning that much of the island’s potential profits were being “eaten away” by high costs.

Bahamas urged to focus on FDI's 65%

The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday urged the Government to focus on ‘spin-off’ opportunities generated for Bahamian businesses by foreign direct investment (FDI) projects, suggesting these accounted for 65 per cent of their economic activities.

Central Bank: $705m reserves beat target

The Central Bank of the Bahamas’ governor last night refuted suggestions this nation’s foreign reserve import coverage had reached “critical” levels, saying that at almost $705 million they were ahead of international benchmarks.

Realtor commission hit to already-high 17.5% purchase costs

A top realtor yesterday expressed concern over Value-Added Tax’s (VAT) potential “negative impact” on the sector, given that it would likely increase transaction costs already equivalent to between 13.5-17.5 per cent of the final purchase price.