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For the first time we see a major Bahamian company, actively traded on BISX, spreading its wings to do business abroad.
The Association of International Banks and Trust Companies (AIBT) and the Ministry of Financial Services are sponsoring a second College of the Bahamas (COB) student who will be attending a Spanish course in Mexico.
The Bahamas Telecommunications Company’s (BTC) majority owner is “not anticipating” any extension to its existing monopoly, and is preparing to go head-to-head with a rival cellular competitor before end-2014.
Increasing the compulsory Value-Added Tax (VAT) registration threshold to a $100,000 annual turnover has “strong support” within the Ministry of Finance, as it would still capture almost 98 per cent of economic activity.
Environmental activists believe they have “little choice” but to launch a Judicial Review challenge to the $5 million Blackbeard’s Cay project, after the developers received all the necessary approvals from the Government.
A past Bahamas Real Estate Association (BREA) president has urged the Government to stop pandering to “populist politics driven by xenophobia” on potential policy changes impacting the industry.
The Central Bank of the Bahamas has warned that the Bahamian economy is not expanding fast enough to reduce the 13.7 per cent unemployment rate, with tourist arrival growth less than one-third of 2012’s performance.
A leading realtor has described as “crazy” government policies that are stifling the Bahamian economy, warning that previously “gung ho” buyers were now starting to hold-off on purchases.
A top accountant is aiming to “speed up” the sophistication of anti-fraud measures adopted by Bahamian businesses, as the average 5 per cent revenue loss threatens to “wipe out” many companies.
BAHA MAR executives are trying to position the mega resort as a “truly international destination”, its chief marketing officer telling Tribune Business that a significant amount of marketing dollars was being pumped into its North American campaign.
We exist in an advanced technological age. Everyone in our corporate world is required to master some form of technology in order to survive and perform even their basic functions.
A senior Baha Mar executive said he was confident the necessary extra airlift will be in place by 2014 to accommodate the mega resort as well as other Bahamian hotels.
By NATARIO McKENZIE
The Bahamas may have to explore creating a ‘two-tier’ regulatory structure for the benefit of investment managers and their funds that want to access the European Union (EU) market, Tribune Business was told yesterday
A top realtor yesterday said the permanent residency investment threshold should be increased to $750,000 “for sure”, while calling on the Government to spark land development through incentives, not penalties.
The Government could hurt more Bahamians than it benefits if current real estate policy thinking ends up restricting who can buy and own property in certain locations, a top realtor warned.
A former top Securities Commission official yesterday said he would be “shocked” if the regulator approved the Bahamas Petroleum Company’s (BPC) planned Bahamian Depository Receipt (BDR) share offering, on the grounds that the company’s primary listing was not on a top-tier stock exchange
The Government’s planned Value-Added Tax (VAT) and other reforms are being driven by international trade treaties, a well-known attorney said yesterday, warning the private sector: “We must act like first world businesses.”
By NEIL HARTNELL The Government has been urged to create a land registration system and enable Bahamians to borrow in foreign currency.
FOCOL Holdings and its international partners yesterday pledged to save the Bahamas “in excess of $100 million per annum”
The Government is “just tying up some loose ends” in approving the $8.3 million purchase of Exuma’s February Point development by Florida-based investor, John McGarvey.
Scotiabank has been named as one of the Best Consumer Internet Banks in the Bahamas by Global Finance Magazine.
The $200 million Palm Cay development says it is quietly stimulating the economy by investing millions of dollars in construction-related activities, plus partnering with local professionals, banks and vendors.
THE Government-sponsored venture capital fund is targeting a three-year strategic plan.
A Freeport-based waste oil recovery plant is planning to increase its capacity six-fold.