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Cable Bahamas saw “amazing” Internet revenue growth in 2012 that beat projections by almost 10 per cent, a senior executive telling Tribune Business yesterday that it was “hitting most of our target numbers for 2013”.
A FORMER Bahamas Telecommunications Company (BTC) chairman has “no doubt” that its privatisation through the sale of a controlling 51 per cent stake was good for the Bahamian economy, as it eliminated politics from its operations.
A Bahamas-based fund administrator has denied relieving a Swiss bank “of any financial responsibility” for a $17.7 million transaction now at the centre of heated litigation in the New York courts.
THE Bahamas’ debt-to-GDP ratio could “very quickly” breach the 70 per cent ‘danger threshold’ if it continues to accumulate debt at the rates seen over the past decade, a former Central Bank Governor has warned.
COMMONWEALTH Bank executives yesterday confirmed that plans to expand its fire-damaged Oakes Field branch by 40 per cent were being brought forward, with the upgraded site set to re-open before year-end.
The Bahamas Institute of Chartered Accountants (BICA) has re-elected Jasmine Y. Davis as its president. She is the first female BICA president to be elected to serve for a second term.
Freeport Jet Wash last week hosted a parts training session for all registered mechanics on Grand Bahama.
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The Insurance Commission of the Bahamas (ICB) is teaming up with the Bahamas Financial Services Board (BFSB) to host an industry briefing on captive insurance next Wednesday.
Bahamians must get used to “paying for what we get” in terms of government services, a former Central Bank governor suggesting many had enjoyed a ‘free ride’ for too long.
The 2013 Stamp Tax amendments appear to eliminate a key concern for the real estate industry by making it clear that mortgage and conveyancing values will not be combined to disqualify first-time buyers from getting the duty exemption.
BANNING copper exports was yesterday described as “an alarmist approach”, with one leading operator disclosing that it did not form the bulk of the industry’s exports.
Sandals Emerald Bay has clinched the Caribbean’s top spot at the TravelAge West WAVE Awards.
The 10 per cent rise in the collective wealth of the world’s high net worth individuals (HNWIs), which hit $46.2 trillion at end-2012, shows the Bahamian financial services industry still has much to play for.
Bahamas Waste’s managing director yesterday said it endured a “terrible” 2013 first quarter with net income down 72.3 per cent, due to a combination of key cost increases and reduced residential rates.
The Government was yesterday urged to increase the lowest auto tax bracket threshold from $10,000 to $15,000, on the grounds this would enable Bahamians to better afford more efficient, environmentally friendly new vehicles.
The “marginal” Business Licence fee increases are “unlikely to be the proverbial straw that breaks the camel’s back”, a former finance minister said yesterday, praising the 2013-2014 Budget for “hitting more than the right notes”.
NATIONAL Security Minister Bernard Nottage said yesterday that he wanted ‘Cash for Gold’ enterprises to be closed down, a move one operator said would only hurt Bahamians legitimately selling or pawning jewellery to “make ends meet”.
LEGISLATION permitting renewable energy grid tie-in is key to the sector’s growth in the Bahamas, one provider yesterday estimating that households could see a 15-30 per cent reduction in energy consumption via solar water heaters.
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A third-party developer is in talks with the Government over a proposed $90 million investment to expand San Salvador’s Club Med property and wider tourism industry.
PRIME Minister Perry Christie said yesterday that the Government was “very close” to granting final approval for the $8 million purchase of Exuma’s February Point development by Florida-based developer, John McGarvey.
A leading dealer yesterday backed a Cabinet Minister’s suggestion to ban the importation of vehicles without proper titles, disclosing that the Government was looking to prohibit both wrecked autos and introduce an ‘environmental/disposal fee’ for older cars.
Regulatory changes are the greatest challenge for private wealth management firms, a report by Capgemini and RBC Wealth Management has found.
The Bahamas Property Fund is targeting a 10 percentage point increase in occupancy rates at its flagship downtown Nassau building to 80 per cent by year-end, having successfully leased “a couple thousand square feet” for 2013 to-date.