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FamGuard Corporation has unveiled a 15 per cent year-over-year net income increase for the 2013 first half, driven by a total revenue increase and expenses that remained largely flat.
The Bahamas Telecommunications Company (BTC) is hoping to give home phones a new lease of life with its ‘love your landline’ low price packages.
An environmental activist group has urged the Government and Genting Group to0 publish the Environmental Impact Assessment (EIA) for the latter’s multi-million dollar resort and cruise ship terminal investment on Bimini.
A top investment banker yesterday predicted that the Bahamian stock market will next year “at least” match the 10 per cent upside he anticipates for 2013, telling Tribune Business: “New Providence needs to get out of a hole.”
The BISX-listed Bahamas Property Fund yesterday said it expects a “definite improvement” in earnings for 2014, amid hopes that “at least three outstanding lease requests” materialise into firm deals.
Bahamian insurers would “prefer” to be ‘zero-rated’ rather than ‘exempt’ under the proposed Value-Added Tax (VAT), with several expressing concern that consumer premiums would increase if claims costs rose.
MIAMI, FL - The Bahamas will likely need $1 billion in short-term infrastructure investment, a senior accountant said yesterday, telling Tribune Business that the energy sector was “an absolute priority”.
WITH Baha Mar marketing itself as an “upmarket” adult resort destination, a senior executive yesterday said service excellence was “critical” to the brand’s long-term success.
The Government has decided to put the multi-million dollar Windsor reverse osmosis plant contract out to public tender, a move that was yesterday described as “a slap in the face” by one group with a long-standing interest.
MIAMI, FL - The Bahamian financial services industry remains “very bullish” on the Brazilian market, a Cabinet Minister telling this newspaper yesterday that the Smart Fund 7 model could be used as leverage to create other products.
The think-tank behind a controversial study on the new Value-Added Tax (VAT) yesterday urged the Government to “put the cards on the table and be more transparent” over its tax reform plans, suggesting it was itself unsure about the impact on the wider economy.
Renovation projects at the Reef Village and Grand Bahama airport’s domestic terminal are on schedule, underpinning the creation of hundreds more jobs.
Environmental activists are threatening to launch a Judicial Review challenge to the Government and Genting Group over Bimini’s “excessive” development, a well-known QC warning that the island’s “very heart and soul is being ripped out”.
Freeport’s brewing legal challenge to the Budget’s tax increases has been described as “refreshing for the country”, a well-known attorney again suggesting these were largely being driven by external forces.
Reviving the logging industry could generate numerous entrepreneurial opportunities and allow Bahamians to tap into a timber import market worth an estimated $160 million, a senior environment official believes.
Esso dealers have asked their prospective new supplier about the possibility of purchasing their own gas stations, Tribune Business can reveal.
A leading businessman has warned that the level of due diligence required to open a bank account in the Bahamas is having “serious consequences” for the Bahamas’ attempts to position itself as an international business centre.
Doctors Hospital’s president said the healthcare provider was looking to position itself as a centre for stem cell generation, telling Tribune Business that this treatment was “not really something we should be fighting against”.
Cable Bahamas has removed one of the last obstacles to consummating its Florida expansion through the $135 million refinancing of its senior credit facility.
Creative juices are flowing for some of the top real estate companies participating in the Palm Cay Realtor Video Contest, which invites agents throughout the Bahamas to submit a one-to-three minute video expressing what the expanding development offers.
By NEIL HARTNELL
Harbour Island is set to record one of its best years in real estate, according to Robert Arthur, Coldwell Banker Lightbourn Realty’s sales associate.
The Bahamas will attract a “minimum” 200,000 new tourists annually if the Government adopts all the casino industry’s reform proposals, a senior executive saying: “This is one Bill that can actually grow the economy.”
AML Foods will break ground on its first $1.25 million Carl’s Jr outlet “a week on Monday”, its chief executive yesterday saying the move highlighted its focus on ‘low volume, high margin’ businesses in the wake of the Budget’s tax increases.
PRIME Minister Perry Christie yesterday indicated that the Government would likely reject terms sought by Cable & Wireless Communications (CWC) for it to give up majority equity ownership in the Bahamas Telecommunications Company (BTC), adding that talks between the two sides were in the final stages.