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REVENUES generated from sports tourism this year could be much more than the initial projections of $14 million, Tourism Minister Obie Wilchcombe said yesterday.
The Bahamas Telecommunications Company’s (BTC) majority shareholder yesterday unveiled Phil Bentley as its new chief executive, succeeding Tony Rice with effect from January 1, 2014 2014. He will also succeed Mr Rice as BTC’s Board chairman on the same date.
The Bahamas was yesterday said to have left its abundant renewable energy resources “almost entirely unexploited to date”, with just $4.6 million invested in the sector over the past seven years.
A top realtor has warned the Government that it will discourage more Bahamians from opening their own businesses if it decides to levy Value-Added Tax (VAT) on commercial real estate sales and leases.
Legislation is being drafted for the creation of a “novel” fund vehicle that could be ‘married’ to the SMART Fund 7 model, the minister of financial services said yesterday.
The developers behind a $6 billion resort project yesterday said they were confident the Prime Minister will “immediately issue an approval in principle” for the development following their meeting on Monday.
The power plant joint venture involving FOCOL Holdings and Grand Bahama Power Company’s majority shareholder has decided not to enter the Bahamas Electricity Corporation (BEC) bidding process, it was confirmed yesterday.
A prominent aviation attorney has praised the Government for moving swiftly to safeguard the Bahamas’ Category One status with the Federal Aviation Administration, adding that US policy changes could boost this nation’s aircraft registry hopes.
You will find in my articles that I am straight to the point; no sugar coating, no smoke and mirrors. So here goes
The Ministry of Financial Services has finalised its proposed revisions to the ‘language’ of the Foreign Account Tax Compliance Act (FATCA) agreement (IGA) that it hopes to sign with the US Treasury, a Cabinet minister said yesterday, touting this nation as being among the first to issue a tender for the development and implementation of a FATCA reporting system.
Baha Mar executives said the two-hour Atlanta Discovery Day Mixer, at which the $2.6 billion project was introduced to more than 100 Bahamians, exceeded their expectations.
Minister of state for finance, Michael Halkitis, gives opening remarks at the Nassau Conference 2013, held at the British Colonial Hilton yesterday. The Nassau Conference is an annual professional development conference presented by the Association of International Banks and Trust Companies in the Bahamas (AIBT), with the Ministry of Financial Services as the lead sponsor.
How much do we really know about Windows XP, Windows Vista and Windows 7? My guess is the negative. But when you turn on your computer, it is nice to think that you are in control.
A Bahamian is among seven designers selected by the Caribbean Export Development Agency (Caribbean Export) to attend Dominicana Moda (DM2013) in Santo Domingo, the Dominican Republic, from October 21-26, 2013.
The 700 Experience, an online travel and lifestyle blog about the Bahamas, yesterday unveiled its latest addition in the shape of a wedding guide.
An all-Bahamian group has partnered with an international utility in submitting a bid for one of the two Bahamas Electricity Corporation (BEC) tenders, Tribune Business can reveal.
Sky Bahamas chief executive yesterday said the full impact from the weekend ‘sick out’ by many of its pilots will not be known for months, telling Tribune Business the airline was effectively shut down at the worst possible time.
Atlantis is close to completing the $8 million renovations in the Royal Towers, which employed more than 100 Bahamians via the hiring of local contractors.
Members of the Coconut Grove Business League (CGBL) have “not abandoned the fight” and will continue to pursue legal action to reverse the once one-way traffic system on Blue Hill Road and Market Street.
As I pen this article, the US government is in partial shutdown mode, with some government services closed for business.
A friend of mine always buys the latest gizmos and gadgets to keep him productive.
Despite a 14 per cent increase in total exports, the Bahamas’ merchandise trade deficit increased by 5 per cent in 2012 to hit an all-time high of $2.818 billion.
The National Insurance Board (NIB) has been advised not to increase contribution rates in the short-term, for fear that the extra revenues generated will be wasted on “inappropriate investments and increased administrative costs”.
The Government’s plans to raise an extra $500 million in annual tax revenues buy 2017 will “definitely cause a recession”, a prominent businessman warned yesterday, as it represents a massive wealth transfer to the public sector.
By NATARIO McKENZIE