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The company behind Baha Mar’s proposed Seawater District Cooling (SDC) plant is seeking to raise $6 million from Bahamian investors, Tribune Business can reveal, having signed a 20-year energy supply agreement with the Cable Beach resort developer.
Value-Added Tax’s (VAT) implementation is “not meant to be without pain”, a former finance minister warned yesterday, arguing that all Bahamians had to share “the cost of repairing” the Government’s finances.
The Utilities Regulation and Competition Authority (URCA) yesterday said it expects to make an announcement on number portability’s launch within a few days, telling Tribune Business: “We’re close”.
The number of bidders for the Bahamas Electricity Corporation (BEC) has been cut by one-third, the Government yesterday announcing that just six groups have been put through to the pricing round.
Help. I need a new computer, this one is so slow and my deadline is tomorrow. We have all heard this cry before. You felt your life would be more enjoyable, graphic work easier and flow smoother since you took the initiative to invest in this amazing, brand new PC. But that was eight years ago.
The Government was yesterday urged to do all it could to “protect as many Bahamian jobs as possible” at CIBC FirstCaribbean International Bank (FCIB), given the potential forced lay-offs its regional restructuring plans may involve.
The Grand Bahama Port Authority (GBPA) has awarded the contract to build an alternative bridge across the Grand Lucayan Waterway to the $3.98 million bid presented by ABC All Bahamas Construction Company and Waugh Construction.
The Ministry of Tourism believes that hosting the NBA champion Miami Heat for a pre-season training camp will help “take the Bahamas global’ when it comes to sports tourism.
BAF Financial has appointed accountant Wayne J. Aranha and Merritt Storr, an attorney, to its Board of Directors.
When Toby Smith set out to help his daughter with a school project, he had no idea it would turn into restoring iconic sculptures. While helping his daughter, Bianca, with a school project, Mr Smith decided to restore Stephen Burrows’ iconic sculptures that are recognised throughout the Bahamas.
The Fidelity Group of Companies yesterday unveiled a restructuring that has seen its BISX-listed retail bank acquire the 50 per cent stake its majority shareholder held in an affiliated company.
By NATARIO McKENZIE
Former workers are bidding to jail City Markets principal, Mark Finlayson, because he and other trustees have allegedly failed to obey previous Supreme Court Orders to hand over funds to the defunct supermarket chain’s employee pension fund.
The receiver for an Abaco-based resort/marina development, recently appraised at $50 million, yesterday said he was “at the beginning of a long road” in trying to recover debts owed to a $27 billion US bank and other creditors.
The Exuma Chamber of Commerce’s president yesterday pledged to move swiftly to bring the warring Oceania Heights factions “back to the table”, admitting he was “disappointed” with the settlement proffered by one of the developers.
The Bahamas Petroleum Company’s (BPC) planned share offering to local investors has been delayed for over a year by the wait for the Government to give its consent for exchange control approval, Tribune Business can reveal.
To get the attention of a client I will often spend what some might say is an exorbitant amount of money. It is not that I am being extravagant.
Abaco’s economy could be poised for improvement if certain infrastructure issues are addressed, a realtor telling Tribune Business yesterday that the sate of the Marsh Harbour airport were a “definite turn-off” to new visitors.
The US federal government ‘shutdown’ could have “a very serious and negative effect” on the Bahamian economy, a former finance minister warned yesterday, which was unlikely to “go anywhere near” its 2013 growth projections.
The Certified Financial Analyst (CFA) Society of the Bahamas’ 2013-2014 Board is shown at their first Speaker Luncheon.
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday confirmed the creation of a private sector Tax Reform Committee, which will seek to “constructively engage” the Government on its proposed Value-Added Tax (VAT).
Palm Cay’s first condominium phase has been oversubscribed within two months, with 16 reservations received for 12 two-bedroom, 2.5-bath units.
The Democratic National Alliance’s (DNA) chairman yesterday suggested the “only way to survive” for his retail empire was downsize it to a single store, as he warned that Value-Added Tax (VAT) would “wipe out”the small business sector.
The Government will pay Value-Added Tax (VAT) on goods and services where it competes with the private sector to ensure a “level playing field”, it was recently revealed.
The Bahamas Petroleum Company’s (BPC) chief executive believes the risks associated with drilling oil wells in this nation’s waters are “relatively small compared to that which already exists”, given that one billion barrels of oil are shipped through the Old Bahama Channel annually.