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THE Bahamian bottled water industry “is not the business to spend money in”, according to one leading manufacturer, who said the market was already “saturated”, with prices being driven by foreign competition.
BUSINESSMAN Sandy Schaefer says he has distributed more than 1,100 applications for the 135-145 jobs that will be created when his new retail venture, ‘Shepherd’s Mart’, opens off Tonique Williams-Darling Highway by month’s end.
One week ago, the late Timothy Baswell Donaldson, CBE, affectionately known to those close to him simply as ‘TB’ or ‘Bassie’, passed into eternity. TB was no ordinary figure; he was a pioneer in the educational and financial services sectors, registering an unparalleled string of ‘firsts’ in his long and illustrious career.
Freeport, Grand Bahama – The Grand Bahama Shipyard is expecting to work on 17 cruise ships in an eight-month period that ends in April 2013, as it bids to become a ‘one-stop’ facility.
Vernice Walkine (left) has officially taken over the role of president and chief executive at Nassau Airport Development Company (NAD). She is the first Bahamian to be appointed to this role at the airport management company formed six years ago to redevelop Lynden Pindling International Airport (LPIA).
We constantly hear about the challenges of employing younger persons in the workforce.
A $40 million project rising on the western end of Paradise Island is turning traditional real estate sales wisdom on its head - building multi-million dollar houses on spec during a challenging economy in a location no car can reach.
The investor group that acquired the former Bacardi plant is set to go head-to-head with Aquapure and Chelsea’s Choice by entering the reverse osmosis water market in April/May 2013, believing it can achieve “equal market share” with the incumbents.
The proposed Small and Medium-Sized Business Development Agency (SMEDA), which will have a $25 million initial capitalisation, is structured as a “one stop-shop” and designed “to minimise political interference”.
The owners of the former Bacardi plant are in talks with another investor group about establishing a “technical school for high-end IT services” at the southern New Providence site, a move that was yesterday billed as potentially creating “thousands of Bahamian jobs”.
THE MINISTER of State for Investments has confirmed “multiple offers” have been made to acquire downtown Nassau’s British Colonial Hilton hotel, proving that the Bahamas was “back in play” in attracting foreign direct investment (FDI).
Freeport, Grand Bahama - The Grand Bahama Chamber of Commerce (GBCC) has been updated on Haiti’s progress since the devastating earthquake by its Ambassador to the Bahamas, Antonio Rodrigue. “We are honoured today to welcome his Excellency to our chamber,” said Barry Malcolm, the Grand Bahama Chamber of Commerce’s president.
A leading accountant yesterday said the Government should be “collecting a lot more revenue from real property tax”, praising it for its plans to combat this but also noting that its incentive programme could “have been more generous” towards current payers.
The Bahamas needs “quick but careful movement” in establishing a competitive international aircraft registry, an attorney warning that its competitors had already made “great inroads” and stolen a march on it.
A Bahamian businessman said yesterday he had seen “slight growth” of 20 per cent in sales at his Prince Charles Drive company, while noting that business “is not like it used to be”.
AMID a clutter of Chinese restaurants big and small, a local entrepreneur and his daughter think they have finally served up the best combination - with a funky name to boot.
The Bahamas Development Bank (BDB) faces being “wound up”, at least in its present form, under a radical proposed restructuring of the Government’s small business support services that is tied to implementation of new legislation.
The Bahamas Oil Refining Company (BORCO) is embroiled in a court battle to recover $20-$30 million in damages caused when a ship collided with one of its jetties in late May 2012, it was revealed yesterday.
Public sector trade unions are “fleecing and bankrupting the country” via unsustainable non-contributory pension schemes, a well-known businessman said yesterday, noting that Bahamas Electricity Corporation (BEC) staff were earning benefits that exceeded 25 per cent of salaries.
City Markets’ majority shareholder believes there is “an extremely strong case” for initiating legal action against the Bahamian wholesale industry for alleged breach of agreement, although it wants to leave the final decision to all investors.
Convicted fraudster, Derek Guise Turner, is set to meet with the Securities Commission of the Bahamas today in a bid to obtain a licence that would allow him to trade his own money, Tribune Business can reveal.
Presentations, designed by PowerPoint or other applications, are a great way to support a speech or visualise a complicated concept. But a bad one can achieve the opposite effect, distracting or irritating an audience.
BAHAMAS Telecommunications Company (BTC) CEO Geoff Houston said yesterday that he was “very confident” that the telecommunications provider would get at least 50 franchise stores throughout the Bahamas, noting that the company already had its sights set on three stores in New Providence in the next three to four months.
THE Bahamas is “well positioned” to capture a significant amount of foreign direct investment, according to Minister of State for Investments Khaalis Rolle, who noted that the recent Bahamas International Investment & Business Forum (BIIBF) had generated a “tremendous amount of activity”.
A US congresswoman brought a delegation of Florida business leaders to the Bahamas last week to discuss potential joint venture business opportunities.