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THE Government appears to be set for one final wrap up meeting before moving to approve the $8.3 million purchase of Exuma’s February Point.
A $200 million eastern New Providence development has seen significant interest in its recently launched condo offering, its sales and marketing director telling Tribune Business that despite the traditionally slow summer period, the development had seen “a good amount activity” in lot sales and reservations for its condo product.
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THE New Providence Development Company Ltd (NPDCo) has announced it has awarded HG Christie Ltd, The Bahamas exclusive affiliate for Christie International Real Estate, an exclusive agreement on a selection of first class properties in three of its prime developments.
THE Bahamas must develop a tax structure “that suits us” according to an ex-FNM Finance Minister, who said that the Government should “rethink” its plan to introduce a 15 per cent Value Added Tax in mid-2014.
DESCRIBED as the singularly “most critical” component towards the development of a Small & Medium Enterprises Development Agency (SMEDA), a local management consulting firm is set to undertake a “Needs Analysis” survey of as many as 800 such businesses throughout The Bahamas.
THE implementation of any new tax system “has to take account” of the legal and economic privileges Freeport enjoys under the Hawksbill Creek Agreement, a former Cabinet minister has warned.
A UK-based renewable energy power and its Bahamian partners are touting a green energy technology proposal which seeks to ‘revolutionise’ the Bahamas Electricity Corporation’s (BEC) existing electrical system and generate millions in annual cost savings for the country’s major electricity provider.
Targeting a September launch of the new excise stamp for tobacco products, the Ministry of Finance is providing details of related regulations and procedures to educate manufacturers, vendors and purchasers of such goods to ensure a smooth and beneficial transition for all concerned.
THE Bahamas Chamber of Commerce and Employer’s Confederation (BCCEC) yesterday reiterated its call for “full articulation” of the Government’s National Energy Policy, noting that to initiate a request for proposals process (RFP) without outlining its national energy policy in advance is like “putting the cart before the horse”.
A WELL-KNOW QC yesterday said he was expecting instructions “any day now” to mount a class action lawsuit against the Government over new taxes, adding that, “Everything Freeport is supposed to stand for, the Government continues to suck from it.”
THE New Providence Income Fund Ltd (NPIF) launched by Sterling Financial Group last January, has reported a year-to-date return of 7.25 per cent to its investors.
RBC Wealth Management, part of Royal Bank of Canada, has announced the appointment of David Foster and Mike Adams as co-heads of the Caribbean business, based in Cayman and Barbados respectively.
EXECUTIVES of Rubis Bahamas Ltd, the new French-based energy company that acquired Texaco last year, recently met with the Minister of Finance, Michael Halkitis, and members of his team to discuss matters of mutual interest.
A LEADING businessman and former Bahamas Electricity Corporation (BEC) director warned yesterday that country’s major electricity supplier would “never turn the corner” unless the Government divests its controlling interest.
THE cost of electricity for some businesses has become “a critical situation” according to Bahamas Chamber of Commerce & Employer’s Confederation (BCCEC) chief executive Edison Sumner who told The Tribune that for some companies, electricity costs were more than 20 per cent of their monthly return.
INTEREST in the Bahamas’ second home market has improved according to the principal of a Florida-based real estate consultancy firm, describing this destination as “an easy sell”.
THE owners/developers behind the million dollar state-of the art Bay Street Marina hope to have it powered up soon, describing the development as an “anchor” in the city of Nassau’s revitalisation plans.
THE Government’s plan to establish to separate entities for distribution and power generation was yesterday described as “the way to go”, a local renewable energy provider saying that “now is the time” for the Government to move toward its renewable energy power generation targets.
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THE 2013/14 crawfish season is shaping up to be “a rough one” according to Bahamas Commercial Fishers Alliance (BCFA) president Adrian LaRoda who said that initial reports seem to suggest that traditional fishing areas had been depleted by poachers.
THE Nassau Paradise Island Promotion Board (NPIPB) is hoping to make the group business segment 20 per cent of its total business, a board executive telling Tribune Business that this would ultimately allow hotels to achieve a higher room yield.
THE historic Bimini Big Game Resort & Marina is looking to build on its “niche” wedding business segment, Michael Weber, general manager at the resort telling Tribune Business that the resort was receiving quite a few requests.
CONSTRUCTION on a western New Providence office development is expected to begin by October, its broker describing interest in the development as quite overwhelming.
Years ago I once had to deliver a presentation to a high level executive board of a multibillion dollar company.