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The FINANCIAL Services Minister yesterday emphasised the need for specialisation within the Bahamian legal profession, arguing that it was of the “utmost importance” to ensure local technical capacity keeps pace with policy developments.
The Bahamas Telecommunications Company (BTC) and the College of The Bahamas (COB) have signed a Memorandum of Understanding (MOU) to establish the BTC Scholars Programme, worth $250,000 over a five-year period.
NEW and increased Customs fees will have a “more dramatic” impact on Family Island retail businesses, a top private sector executive said yesterday, adding that already-high freight costs coupled with the new 1 per cent Customs processing fee was like “putting the nail in the coffin twice”.
The MINISTER of Financial Servcies yesterday said the Government was moving quickly to modernise this nation’s “very rudimentary” Sanitary and Phytosanitary (SPS) regime, noting that the Bahamas was perhaps one of the only Caribbean countries without a Standards Bureau.
Reflecting The Association of International Banks and Trust Companies (AIBT) has chosen, ‘The Shift Has Occurred. How Are You Positioned?’, as the theme for its upcoming 2013 Nassau Conference.
Airlines representing 90 per cent of US airlift into the Bahamas have warned they may cut their services due to the Budget’s tax increases, a move that will undermine the tourism industry and threaten plans for a 400,000 seat capacity increase.
The Government’s draft communications sector policy makes no mention of extending the Bahamas Telecommunications Company’s (BTC) cellular monopoly beyond its current April 2014 expiration, and instead calls for competition to come “as expeditiously as possible”.
A prominent businessman yesterday criticised the Government for “blindsiding” the private sector with new and increased fees, warning this would be counterproductive at a time when the Bahamas “needs job growth more than ever”.
The Government has pledged to close a ‘digital divide’ that has left 30,000 Bahamian households without fixed broadband Internet services, warning that it is “of critical importance that the Bahamas never drops the ball” on electronic communications.
FAMILY Island resort operators yesterday expressed serious concern over the potential pull back by the private aviation sector, one telling this newspaper that a major fly-in group had already cancelled, costing that community “tens of thousands of dollars” in revenue.
A UBS (Bahamas) client advisor assistant, Patricia Ribeiro, has passed the Series 7 exam in the US after studying with the Nassau-based Securities Training Institute (STI).
Dr Michael Darville, the minister for Grand Bahama (MOGB), has met with the Grand Bahama Chamber of Commerce’s (GGCC) president, Barry Malcolm, to foster a closer working relationship between the two.
An Abaco-based stone crab harvester start-up is targeting $1 million in annual revenues, having invested $500,000 in its creation to-date.
So you’ve graduated from high school or college, flipped your tassel to the other side and thrown your cap in the air, while exchanging kisses, hugs, photographs and contacts, plus branded school shirts. Better still, you now have a nice graduation diploma or big, fancy degree that reads: ‘Bachelor of Science’ .
The Bahamas will “conservatively” lose $20 million in tourism revenues if it maintains the new and increased taxes on the private aviation sector, an industry expert yesterday slamming the Government’s policy as “crazy”.
The Bahamas will be “strained” to hit the Government’s and IMF’s projected 2.7 per cent GDP growth rate for 2013, a former finance minister yesterday warning this nation may never again hit the 2007-2008 heights.
The Arawak Port Development Company’s (APD) $21 million preference share offering was “pretty much” fully subscribed one week before it was due to close, Tribune Business was told last night.
New Providence hotels suffered a 7 per cent year-over-year revenue slump for the four months to end-April 2013, as room rate rises failed to offset occupancy declines.
Harry Friedman, one of the world’s foremost authorities on retail training, conducted an experiment that made quite an impression on me.
TRANSPORT and Aviation Minister, Glenys Hanna-Martin, said yesterday the Government would appoint a committee to start talks with the US over the Bahamas taking back control of this country’s airspace.
The Save The Bays organisation believes it is moving towards the creation of a national environmental alliance, after gaining another partner in its fight to protect the Bahamas’ marine environment.
The controversy-plagued Oceania Heights project has been plunged into a fresh row over the two-month shut off of its water supply, one homeowner yesterday alleging real estate values were now “10 per cent of what we paid for them”.
Bahamian attorney Llewellyn Boyer-Cartwright, was selected as one of eight people to sit at a virtual round table and update thousands of professionals on legal, commercial and environmental issues related to aviation.
Bahamas Realty yesterday announced that every member of its Nassau-based sales team has completed 21 courses in the luxury division of the OUR WORLD/Institute.
Bahamian auto dealers yesterday warned they were facing “a Triple Whammy” of Budget tax increases, after they and other businesses were hit with a largely-unexpected ‘Environmental Levy’.