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'Renew' energy security through oil royalties

THE Bahamas could turn “oil into cash” and finance renewable energies from the royalties generated if ‘black gold’ is discovered beneath this nation’s waters, an oil explorer suggested yesterday.

Gov't targeting 20% procurement savings

The Government is targeting savings of up to 20 per cent through planned public procurement reforms, while aiming to annually award the same percentage value to Bahamian small businesses.

Tax amnesty yields $9.1m

The Government’s real property tax amnesty has yielded $9.1 million in extra revenues during its first three months, a Cabinet Minister said yesterday, with more than 1,000 taxpayers “settling” their outstanding bills.

ART OF GRAPHIX: Software on a dime

Everyone likes freebies, prizes, rewards, discounts, sales and mark-downs. Ask any web or graphic designer and they’d tell you that they, too, are a part of this, as free software can truly make their life much easier, especially on the pocket. Why? Because software is not cheap, regardless of what they are trying to accomplish.

$60m public pensions to exceed inflation

The over-$60 million public sector pension obligation will grow faster than inflation in the near term, it was revealed yesterday, and “will impose an increasing burden” on the Government’s finances without major reform.

Bahamas top renewables testing bed

THE Bahamas cannot continue to spend around $1 billion a year on fuel imports, the Bahamas Environment, Science and Technology (BEST) Commission’s director yesterday arguing that this nation provided the perfect testing ground for most alternative energies.

'Worried about Baha Mar'

A well-known architect is “worried” about the $2.6 billion Baha Mar project’s prospects for success, arguing that its casino was not an “attraction base”.

Cable 'on hook' for $8m over US deals

Cable Bahamas and its shareholders are ‘on the hook’ to lose almost $8 million if the Government refuses to approve the company’s acquisitions of three Florida-based communications providers.

Fidelity: $10m bond offering 'fully placed'

Fidelity Bank (Bahamas) yesterday confirmed its recent $10 million bond offering was “fully subscribed”, as it moves to diversify funding sources away from complete reliance on deposits.

BTC targets 12 NP franchises by year's end

The Bahamas Telecommunications Company (BTC) is aiming to have 12 franchise stores in New Providence by year-end, with its projected investment in the nationwide roll-out totalling $2.5-$3 million.

MARKETING REVOLUTION: 'Tech' out more mutual respect

As marketers, we often have to work with the technical people who develop websites, lead generation systems, design customer response management systems, and keep us abreast of the various forms of social media, such as Facebook.

Money transmission franchise launches

CASH N Go/Bill Express, a franchise of the popular Cash N Go money transmission business, has created six jobs with the launch of its first outlet.

E-Gov't sees 200 user rise monthly

INTERNATIONAL clients have been the biggest users of the Government’s on-line real property tax (RPT) payment service, a senior official telling Tribune Business yesterday there were 5,000 registered users of the e-government portal.

$5m Blackbeard's Cay rejects permit claim

Developers behind the $5 million Blackbeard’s Cay project yesterday vehemently rejected claims by environmental activists that it lacked the required government approvals and permits, saying: “Everything is in order.”

BREA urged: Move to 'full self-regulation'

THE Bahamas Real Estate Association (BREA) was yesterday urged to move to “full self-regulatory status”, and thereby ensure its members were adhering to global anti-money laundering (AML) standards.

Cable Bahamas in provision automate

Cable Bahamas has deployed Sigma Systems’ provisioning solutions in its residential voice services throughout Nassau, Grand Bahama, Abaco and Eleuthera.

'Across the board' auto premium increase fears

Motor vehicle insurance premiums will “increase across the board” if a judgment, which the Court of Appeal president admitted “may cause some consternation in the motor insurance industry”, ultimately stands.

'Cruise visitors are competitors, not customers'

A well-known architect has questioned why the Bahamas could not find an extra $1 million to upgrade Nassau’s “most visited” attraction when the harbour was dredged, warning: “Cruise ships are our competitors, not our customers”.

Court president urges 'innocent' victim fund

A top QC yesterday admitted “there’s no question the time is long past” for the Bahamas to establish a fund to compensate victims of uninsured and ‘hit-and-run’ drivers, agreeing - at least on this issue - with the Court of Appeal’s president.

Top realtors: PM 'will do wonders' with first-time buyer clear-up

Top realtors yesterday said Prime Minister Perry Christie would “do wonders” by clarifying his Budget comments on the first-time buyer Stamp Duty exemption, warning that they had only caused more “confusion” and uncertainty.

Tour operator sees profit wipe-out in Licence fee rise

A Bahamian transportation/tour operator pioneer said yesterday his company was looking at an “almost double” increase in its annual Business Licence fee, adding that the added expense would wipe out its profits.

Minister pushes Bahamas as region's top trade hub

A Cabinet Minister has urged the Caribbean and Central America to view the Bahamas as the hemisphere’s pre-emminent trade hub.

Bahamas' EPA plan discussed

More than 40 private and public sector representatives have viewed the Bahamas’ draft National Economic Partnership Agreement (EPA) Implementation Plan at a Validation Meeting last week in Nassau.

Bank targets stability, not growth, for 2013

Commonwealth Bank’s chairman has told shareholders that 2013 will not be about growth, but stability and strength.

Sandals strike 'any day now'

LINE-STAFF at the Sandals Royal Bahamian resort could strike “any day now”, the president of the Trade Union Congress (TUC), Obie Ferguson, warned yesterday.