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Communications in 6% licence burden 'hit'

The 2013-2014 Budget will make the communications sector one of the Bahamas’ most heavily taxed industry, a major player estimating that its various licence fees now equalled around 6 per cent of total annual revenues.

Study 'backs' wind powered water plant expansion

A RENEWABLE energy provider has seen “better than expected” results from its 12-month wind study on Eleuthera, its president yesterday expressing optimism about the possibility of expanding its wind-powered desalination plant concept to other Family Islands.

Cable 'not given up' on 27% TV price increase

A Cable Bahamas executive yesterday suggested its application for a 27 per cent increase in basic cable TV prices would have been approved “in any other jurisdiction”, indicating the company had not given up on efforts to persuade regulators to reverse their rejection.

Gov't told: 'Fine tune' first-time buyer tax break

A leading attorney yesterday said there was still time “to fine-tune with certainty” the latest first-time buyer Stamp Duty exemption, as he admitted the profession had been unable to “decipher” the Prime Minister’s Budget statement on the subject.

Striping firm overhauls Exuma's road markings

Bahamas Striping has overhauled George Town’s roads with new traffic control markings.
 Over several days and two trips, the Bahamian striping company laid down stop junctions, a zebra crossing, and centre and edge lines enhanced with high visibility retro-reflective road studs or ‘cats eyes’.

Water Corp owes BISX-listed firm more than $10m

THE Government is aiming to undertake more $14 million in sewerage infrastructure works on New Providence, the Deputy Prime Minister said yesterday, once the work is masterplanned.

Chamber unveils new Board faces

The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) will face some of the most pressing decisions in its history with familiar faces at the top and a slew of new directors following its recent annual general meeting (AGM) and election of officers.

RICHARD COULSON: Bahamas shown way to 'think out of the box'

To get a better perspective of our wonderful little country, I sometimes have to get away from Nassau.

Reef's November opening to prime GB 'turn around'

GRAND Bahama is primed for a tourism “turnaround”, with the 400-room Reef Village targeted for a November 2013 opening.

BTC wins global telecoms award

The Bahamas Telecommunications Company (BTC) has been awarded the Global Telecoms Business (GTB) award for ‘Business Service Innovation’.

QC tells Gov't: 'Take next big step' over transparent planning

A well-known QC has urged the Government to “take the next big step” by following through on commitments to a transparent planning process, warning that unregulated development threatened to cause “chaos” in the Bahamas.

Dealer 'wiped out' by auto duty changes

A former leading used car importer said his business had been “wiped out” by the previous ‘engine size’ duty structure, telling Tribune Business he had shifted focus to his steakhouse restaurant venture.

$200m project grows 'in leaps and bounds'

A MAJOR eastern New Providence development has witnessed a “dramatic turnaround” in terms of marketplace perception, a senior executive telling Tribune Business the project was moving ahead in “leaps and bounds”.

Super Value: 131% fee rise 'big pill to swallow'

Super Value’s owner has described the impending 131 per cent increase in its annual Business Licence fee to $3 million as “a big pill to swallow”, and fears it will increase the cost of living.

Aircraft loss delays Sky’s Andros plans

Sky Bahamas yesterday said the loss of the aircraft involved in last week’s Abaco accident would cause it to delay planned expansion to north and south Andros by one month.

Investment Authority to shed 'low-value' image

The Bahamas Investment Authority (BIA) is to be transformed into a “full-service investment management agency”, shedding its current “low value-added” and reactive approach.

Investments 'vulnerable to political pressures'

Investment projects have been “vulnerable to political pressures” because the Bahamas lacks a national economic development plan, the Inter-American Development Bank (IDB) has warned.

Development 50% sold before first shovel put in

SALES of high-end Bahamian properties have seen a “solid upturn” year-over-year, a leading realtor noting that continued development in western New Providence was sparking increased interest in that area’s luxury communities.

CHAMBER VOICE: Conferences are a web of productivity

As we continue to explore avenues for increasing productivity and efficiency, The Chamber Voice shifts its focus to how technology can aid this process.

Bahamas targets commodities hub

The Bahamas Financial Services Board (BFSB) believes this nation has positioned itself as a viable base for commodities traders, one of the world’s largest independent firms in the sector having established a base in Nassau.

'Shocking' 26% new auto sales decline

Bahamian auto dealers yesterday described the 26 per cent decline in 2013 first quarter new car sales as “a bit shocking”, with volumes dropping by more than units year-over-year.

Arawak Homes unveils 12-year low prices

ARAWAK Homes is set to launch its newest line in home models by month’s end, its president telling Tribune Business that proper land planning had allowed it to offer properties at price points representing a 12-year low.

'No appetite' to avoid $100m in tax increases

A leading businessman yesterday said the 2013-2014 Budget’s $100 million worth of tax increases would not be required if the Bahamas had the “appetite” to tackle the “deeply ingrained” culture of government dependency.

Retail 'pioneer' targets more Atlantis expansion

One of Atlantis’s retail ‘pioneers’ yesterday said he was aiming to establish a second store at the Royal Towers within three years, the recent expansion of his inaugural outlet having sparked a 20 per cent sales increase.

Bahamas first WTO offering 'ludicrous'

A Cabinet Minister yesterday described the Bahamas’ first World Trade Organisation (WTO) offer as “ludicrous”, as it effectively closed the Bahamas’ two largest industries - tourism and financial services - to foreign ownership.