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The BISX-listed Bahamas Property Fund yesterday said it was targeting a five-10 percentage point reduction in 2013 vacancy rates at its flagship downtown property, telling Tribune Business this could instantly improve the full-year bottom line by $250,000-$500,000.
The National Insurance Board’s (NIB) former chairman yesterday blasted the Grant Thornton forensic audit as “a very sloppy job”, adding that it would have been impossible for him to use his position to gain a competitive advantage for Bahamas First.
The implementation of Value Added Tax (VAT) will not have the impact on Bahamian manufacturers that was initially feared, an industry leader yesterday saying businesses were failing to see the “two sides of the coin”.
THE Government plans to have the legislation required to implement a Value Added Tax (VAT) system in place before January 2014, a Cabinet Minister yesterday saying the draft law might be ready as early as next week.
Major private sector organisations have met with Fred Mitchell, minister of foreign affairs and immigration, in a bid to address both parties’ work permit needs.
A Bahamas-based financial services provider yesterday announced it had purchased an 189,390 square foot Florida shopping plaza.
Bank of the Bahamas International is moving to consolidate its market position as an innovator through becoming the first institution to accept non-envelope cash deposits at its Automatic Teller Machines (ATMs).
MANAGEMENT at Sandals Royal Bahamian yesterday expressed “surprise” that the Bahamas Hotel, Maintenance & Allied Workers Union (BHMAWA) - the bargaining agent for the resort’s non-managerial employees - had opted for a strike vote.
THE COALITION to Protect Clifton Bay group has urged the Government to better regulate the conveyance of Crown Land.
When I was a young engineer I thought the marketing guys had it easy. Imagine sitting around all day just to come up with a logo, or a name or a slogan.
THE Government has embarked on a “restructuring exercise” at the Bahamas Investment Authority (BIA), a Cabinet Minister yesterday telling this newspaper this was necessary because it did not fulfill the current needs of an investment promotion agency.
A well-known QC yesterday said “a real tipping point” had been reached in protecting the Bahamian environment and local rights, after the Privy Council flatly refused to hear the Government’s appeal over the Wilson City power plant ruling.
SUB Heaven, the company holding the Subway franchise in Nassau, has expanded its network with the opening of a fourth restaurant in Palmdale, creating 12 jobs.
The Association of International Banks & Trust Companies (AIBT) has again partnered with the Ministry of Financial Services (MFS) and the College of the Bahamas (COB) to launch the ‘2013 Nassau Conference Essay Competition’.
THE Bimini Big Game Resort & Marina has been reaping the benefits of ferry service from Florida, its general manager yesterday crediting this with producing “50 per cent or more” of its weekend occupancies.
Final recommendations on the proposed small business legislation will be presented to the Government by mid-May, a key adviser yesterday saying the initiative could be “transformational” with buy-in from commercial lenders.
Well-known businessman Dionisio D’Aguilar will address the Grand Bahama Chamber of Commerce this Wednesday on the future for Freeport’s business model.
Major resort financiers are “sceptical” that Value-Added Tax (VAT) can be implemented in nations such as the Bahamas “without deterring inward investment”, a top accounting firm warned yesterday.
A team featuring Bahamas Financial Services Board (BFSB) and Insurance Commission of the Bahamas (ICB) representatives has attended the four-day RIMS conference in Los Angeles, California.
A key player in the long-running Oceania Heights dispute is hoping “to come to a resolution of the outstanding issues” this Monday during a meeting at the Deputy Prime Minister’s Office.
A Scotiatrust (Bahamas) employee was named Student of the Year at the STEP Caribbean awards, held in St Kitts on 5 May.
A first Bahamian social media ‘Boot Camp’ is being launched at month’s end to help companies and sales persons leverage its use. Entrepreneurs, corporate workers, salespeople, businessmen, small business owners and churches are being targeted for the event, which will be held at the Sheraton Beach Resort on May 30-31. President and chief executive of The Publicity Agency (Bahamas), Miranda Inniss, said: “With the increasing popularity of Social Media globally and its impact on our personal and professional lives, this is an ideal time to introduce the Boot Ccamp to the community.
Private health insurance is “not a viable, sustainable model” for many Bahamian companies, an outspoken businessman has warned, revealing that this costs him more than insuring his multi-million dollar business assets.
A newly-launched western New Providence office development is targeting $25 million in gross sales, its broker telling Tribune Business his phone had been “ringing off the hook” with inquiries the past fortnight.
“Frustration” is mounting among Bahamian attorneys, realtors and their clients over Investments Board approval backlogs of up to two-three months, with the delays costing both the private sector and the Government much-needed revenue.