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Resorts 'solidly booked' for Easter

SEVERAL major Nassau-based hotels are anticipating high occupancies for the Easter period, one senior executive telling Tribune Business: “We are absolutely solidly booked”.

Clico liquidator targeting extra $20M from key asset

CLICO (Bahamas) liquidator is aiming to raise another $20 million before closing the sale of its main asset, a sum that would enable him to hit his $50 million target “pretty much spot on”.

Moody’s fears VAT ‘difficult to implement’

The Bahamas is unlikely to stabilize its national debt before the 2016-2017 fiscal year, a Wall Street credit rating agency also warning that the proposed Value-Added Tax (VAT) may “become politically contentious and difficult to implement”.

Auto dealers ready VAT concerns paper

The Bahamas Motor Dealers Association (BMDA) is moving to develop a ‘position paper’ on how Value-Added Tax (VAT) will impact their industry, with its members already raising concerns about how it will impact cash flow, inventory levels and the use of bonded warehouses.

Montaque: Related parties owe 28% of 5.4m receivables

Some 28 per cent of Montaque Capital Partners’ $5.351 million receivables are owed by related parties in which its former principals, Owen Bethel and Edison Sumner, have continuing involvement.

Minister tells private sector: Stop moans over work permits

THE minister responsible for immigration yesterday urged the private sector to stop complaining over work permits and instead help the Government tackle skills and training deficiencies within the Bahamian workforce.

Bahamas must 'play hand dealt' on US pre-clearance

THE Bahamas must ensure the visitor departure experience is equally as enjoyable as the vacation, the Minister of Tourism also expressing concern at this nation’s low cultural experience rating.

Workplace saftey regulations close

REGULATIONS governing health and safety in the Bahamian workplace are being finalised and could be presented to Parliament soon, Labour Minister Shane Gibson has said.

Scrap dealer blasts 'wild calls' over copper ban

“WILD calls” for a total ban on copper exports “make no sense”, a leading Bahamian scrap metal operator is arguing, adding that this was only about 1 per cent of his overall business.

Poultry farm at 'full speed' despite 10% price hike

AFTER nearly going out of business almost one year ago, an Abaco-based poultry producer is “back to full speed” despite feed cost hikes driving its prices up by 10 per cent in January.

Minister pushes EPA as building block for inter-Caribbean trade

The Minister of Financial Services has urged the Caribbean to pursue regional trade integration, using the Economic Partnership Agreement’s (EPA) Regional Preferences Article as a foundation.

CHAMBER VOICE: Lessons from the Big One

A few weeks ago we shared information on the impact the death of an employee can have on the company.

Colina insurer pumps $338k into affiliate's acquisition

BISX-listed Colina Holdings (Bahamas) and its life insurer subsidiary injected a collective $338,000 into an affiliate bank to finance its acquisition of Finter Bank & Trust (Bahamas), Tribune Business can reveal.

Passenger queues threaten airport experience reversal

The Bahamas “must find solutions in the shortest possible time” to existing and potential passenger bottlenecks at Lynden Pindling International Airport (LPIA), tourism executives warning yesterday that this threatened to undo its transformation into a positive traveller experience.

Bahamas 'ass backwards' over oil negotiations

A well-known attorney yesterday said the Bahamas had done an “ass backwards” job in negotiations with the Bahamas Petroleum Company (BPC), arguing that the country should receive “no less than 60 per cent” of the proceeds if commercial quantities of oil were discovered.

AML chief hits at 'unfair' food stamps ban

AML Foods’ chairman yesterday urged the Government to permit the use of food stamps in its Nassau-based stores, describing the present policy as “unfair” and “frustrating” to both itself and consumers.

AML targets $3.5-$4m in net income

AML Foods is targeting $3.5-$4 million in net income for its current financial year, its chief executive yesterday telling Tribune Business it was “confident” it could slash annual operating expenses by $1.5 million.

Work permits to go on-line

REAL property tax payments is the most-used service by the 6,000 persons currently registered with the Bahamas’ e-government portal, with work permit applications among the items set to be introduced next.

Old Fort's Town Centre 85% leased

The Old Fort Bay Town Centre has now leased 85 per cent of its retail space, with its developer having negotiated an agreement with The Meridian School to build a sister institution on land just to the south.

Bahamas Waste supports Nassau Village clean-up

The entire Nassau Village constituency is getting an environmental boost, and being transformed into a clean community if organisers of the Nassau Village Restoration Initiative have their way.

THE ART OF GRAPHIX: Presenting the right resolution

“What resolution should I make my pictures for a PowerPoint slide show?” If you have asked this question and gotten answers such as: “Just scan your images at 96 dpi”, I’ll have to ask you to press your brain’s Restart button because, for PowerPoint purposes, it is incorrect.

Gov't seeks COB research tie-up over VAT, trade

The Government has partnered with the College of the Bahamas’ (COB) School of Business to develop a research paper on the likely impact of the proposed Value-Added Tax (VAT), the Minister of Financial Services has revealed.

Trademark regime 'fully certified' by year-end

ATTORNEY General Allyson Maynard-Gibson yesterday said the Bahamas’ trademark registry will be fully World Intellectual Property Organisation (WIPO) certified by year’s-end, adding that move would be a “tremendous advancement” for this country’s intellectual property rights regime.

$225m project exits Freeport

The $225 million World Mart project headed by Nassau-based investor, Ken Hutton, is making the switch from Freeport to east Grand Bahama, having been “incorporated” into the proposed $7.5 billion Blackwood Pointe Resort & Spa.

Property 'sitters' harming economy

The Government needs to examine how it can stop owners “sitting on” real estate for years without developing it, a top accountant yesterday warning this impeded economic activity and “prevented young Bahamians” from entering the housing market.