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EXUMA resorts are eyeing full occupancy this week, with the annual Regatta providing a boost to the island’s economy.
The Bahamas is the world’s “best positioned” financial centre when it comes to thriving in an automatic tax information exchange environment, a Cabinet Minister said yesterday.
A proper title system has become “a vital necessity” in combating exploding levels of auto fraud and theft, a leading auto dealer yesterday telling Tribune Business that talks between government and industry players were “heading in the right direction” to create one.
The Bahamas Automated Clearing House (BACH) is aiming to process “close to two million” electronic banking transactions in 2013, and yesterday confirmed it planned to introduce Customer Initiated Entries (CIEs) this year.
Commonwealth Bank is targeting a 2013 “revamp” for its Internet banking service that saw an 11 per cent activity increase in 2011, its president yesterday expressing optimism that it could also “sneak” market share growth.
Eleuthera residents are opposing the $20 million sale of the 700-acre Lighthouse Point peninsula on the island’s southern tip, the the head of a non-profit organisation yesterday calling for an end to the cycle of “land speculation”.
From time to time, companies experience events that disrupt business and their ability to provide service, consequently impeding revenue streams.
“I don’t want a Facebook page,” one of my clients told me emphatically.
Commonwealth Bank is targeting a 2013 “revamp” for its Internet banking service that saw an 11 per cent activity increase in 2011, its president yesterday expressing optimism that it could also “sneak” market share growth.
THE $53 million Princess Margaret Hospital (PMH) Critical Care Block is roughly 80 per cent complete, Cavalier Construction’s managing director yesterday telling Tribune Business it was targeting an end-July competition.
More than $5 million has been invested in redeveloping Blackbeard’s Cay into an upscale visitor experience that will create 100 jobs, one of its principals said yesterday, arguing that Bay Street “no longer represents the Bahamas”.
The Bahamas could start to liberalise its energy sector within 18 months if the political will existed, a leading attorney said yesterday, adding that this nation had to “stop the madness” of spending more than $900 million per annum on oil imports.
Brazilian financial services providers are interested in establishing a physical presence in the Bahamas, a Cabinet Minister said yesterday, adding that he wanted to “leverage the success” this nation has had there to crack new Latin American markets.
Oceania Heights’ developers are proposing to transfer control to a homeowners association, prompting a key player in the negotiations to yesterday say he was “more hopeful than ever” that a solution for the controversy-torn project is in sight.
THE NASSAU Airport Development Company (NAD) said yesterday it was “deeply concerned” over the impact of US air traffic control staff reductions, in addition to similar cuts at US Customs & Border Control (USCBP) operations at the Lynden Pindling International Airport (LPIA).
Damianos Sotheby’s International Realty yesterday announced the worldwide brand’s launch of a specialist golf market website.
A masterplan for the still-closed South Ocean resort should be completed within the next 30-45 days, Tribune Business was told yesterday.
THE Bahamian Contractors Association (BCA) yesterday said it was pushing for internationally-recognised certification for small/medium-sized firms, which make up 80-90 per cent of the industry.
Prime Minister Perry Christie has directed government officials to investigate the multi-million dollar redevelopment of Blackbeard’s Cay into an all-inclusive cruise passenger destination, after downtown Nassau businesses expressed “grave concerns”.
The Bahamas will likely come under immediate pressure to convert its existing 27 Tax Information Exchange Agreements (TIEAs) into the ‘automatic sharing’ variety, after the G-20 last week “eliminated all doubt” that is now its goal.
A Bahamian-owned company has invested $1.1 million over the past year to ‘ramp up’ its business ahead of a renewable energy “explosion” that will meet the Government’s 2030 alternative supply target.
Around one in four Bahamian businesses have identified high electricity costs as “a major constraint” to doing business, according to a World Bank report, a percentage a senior private sector official described as “low”
The Bahamas needs “a complete overhaul” of its labour dispute resolution processes, a top union leader has argued, while backing US government concerns over weak enforcement of solutions to these matters.
THE Bahamas Electricity Corporation’s (BEC) $250 million bond issue has still not gone to market, although a Cabinet Minister believes the Government guarantee should ensure it is fully subscribed.
The Government is not planning to introduce “a broad-based corporate income tax”, as recently urged by the International Monetary Fund (IMF).